FCA proposes banning retail investors from using borrowed funds to purchase Bitcoin and other crypto assets due to rising consumer debt risks. New UK rules aim to regulate crypto exchanges and promote ...

In an effort to support the safe deployment of AI tools in the financial sector, the U.K.’s Financial Conduct Authority (FCA) has launched a consultation on a proposed AI testing service. On Tuesday, ...

The live testing service would allow firms to collaborate with the FCA while they check that their new AI tools are ready to be used. It would also provide the FCA with intelligence to better ...

It comes after the FCA announced in February it would further delay its decision on portfolio management. “We have decided that it is not the right time to finalise rules on extending SDR to p ...

It was the first time in the year that the watchdog did not slap any insurance firms with S166s. An S166 is issued when the FCA is concerned about aspects of a regulated firm’s activities or wants ...

The Financial Conduct Authority (FCA) has reversed plans to extend its new Sustainability Disclosure Requirements across the wealth management industry. Previously it had said this disclosure fund ...

The regulator has deemed the broker ‘not a fit and proper person to conduct regulated activities’ after ignoring fair value questionnaire request from 2022 The FCA has removed Glasgow-based broker L R ...

Giving the order the FCA said the firm appeared to fail to satisfy the suitability threshold condition and was not “a fit and proper person to conduct regulated activities having regard to all the ...

On 12 March, the Financial Conduct Authority (FCA) announced it would not proceed with its proposal to shift from an exceptional circumstances test to a public interest test for announcing ...

Regulators are under pressure from the government to cut business red tape and not hinder growth. Last month, the FCA vowed to become a “smarter regulator”, improve its processes and embrace ...

The FCA said it did not expect firms to change their capital arrangements as a result of the update. The Financial Conduct Authority (FCA) has laid out new rules as it bows to government pressure ...

There has been a rise in the number of FCA cases alleging that an importer evaded customs duties by undervaluing imported products, misclassifying imports, or misrepresenting a product’s country of ...