FCA introduces new charge for Form A applications under SM&CR
FCA introduces new charge for Form A applications under SM&CR The FCA will now charge £250 for the submissions of standalone Long Form A applications for both Senior Manager Functions and Controlled Functions for Appointed Representatives. With effect from 27th...
Brooklands launches new AML compliance business line
Brooklands Fund Management Limited (“Brooklands”) informs that it has launched a new business line; providing Client’s support in relation to their AML infrastructure. Brooklands whose speciality lies in operational and regulatory compliance has extended its services to provide a robust...
FCA Regulatory Updates – April 2022
Topic: FCA review finds weaknesses in some challenger banks’ financial crime controls Date: 22/04/2022 Overview: A review by the FCA has found that challenger banks need to improve how they assess financial crime risk, with some failing to adequately check...
FCA Enforcement – April 2022
Subject of Enforcement: Alexander David Securities Limited Date of Notice: 29/04/2022 Overview: FCA stops Alexander David Securities Limited disposing of assets without permission The FCA has imposed requirements on corporate advisory firm, Alexander David Securities Limited (ADSL), which means it...
FCA Enforcement – March 2022
Subject of Enforcement: Former Redcentric CFO sentenced to five and a half years imprisonment Date of Notice: 03/03/22 Overview: Former Redcentric Plc CFO, Tim Coleman, was sentenced to five and a half years imprisonment and disqualified from being a director...
FCA Regulatory Updates – March 2022
Topic: FCA taking assertive action to tackle harm in the consumer investments market Date: 03/03/2022 Overview: The Financial Conduct Authority (FCA) is taking assertive action to tackle harm in the consumer investments market, as data published today shows it has...
Brooklands provides responses to the FCA’s Consultation Paper for Improving the Appointed Representative Regime
As an active participant in the Appointed Representative Regime, Brooklands has welcomed the opportunity to provide its views directly to the FCA with the aim of contributing to improvements in the industry. Brooklands outlines its responses to the FCA’s proposals...
FCA Regulatory Updates – February 2022
Topic: FCA stops AJH Financial Services Limited disposing of assets without permission Date: 14/02/2022 Overview: The Financial Conduct Authority (FCA) has stopped AJH Financial Services Limited, a firm that advised on transfers from the British Steel Pension Scheme (BSPS), disposing...
FCA Enforcement – February 2022
Subject of Enforcement: Barclays Bank PLC Date of Notice: 28th February 2022 Overview: The Financial Conduct Authority has fined Barclays Bank Plc (Barclays) £783,800 for oversight failings in its relationship with collapsed payments firm Premier FX. Barclays was Premier FX’s...
FCA Enforcement – January 2022
Subject of Enforcement: Morgan Ingram Associates Limited (formerly SeedTribe Limited) Date of Notice: 28th/ 01/2022 Overview: The FCA instructed that the Firm must terminate its relationships with the following Appointed Representatives (“ARs”) under their respective AR agreements by 17:00 on 6...