FCA enforcement – September 2021
Topic: FCA prohibits IFA and mortgage adviser for fitness and propriety failings Subject of Enforcement: Mr Anthony George Date of Notice: 24th September 2021 Overview: The FCA has prohibited financial advisor Anthony George from performing any regulated activity in the financial...
FCA Updates – September 2021
Topic: FCA to move faster to remove unused firm permissions Date: 9th September 2021 Overview: The FCA has published draft guidance on a new power that allows it to move faster to remove regulatory permissions that are no longer being used by financial services firms. Incorrect or outdated permissions on the Financial Services (FS) Register can mislead consumers about the level...
FCA Updates – August 2021
Topic: FCA stops BDSwiss offering contracts for differences (CFDs) to UK customers. Date: 5th August 2021. Overview: The FCA has acted to stop a Cypriot-based firm, BDSwiss Holding Plc, and other members of the BDSwiss Group from offering high risk...
FCA enforcement – August 2021
Topic: Failure to satisfy the Suitability Threshold Condition Subject of Enforcement: Cavendish Incorporated Limited Date of Notice: 2 August 2021 Overview: Since March 2021, the Authority has received reports from eight consumers claiming to have invested substantial funds in bonds or...
Brooklands Turns Five
Brooklands is pleased to celebrate its Five Year Anniversary in August 2016, Brooklands launched its first investment Fund, partnering with a Global Macro Portfolio Manager to set up a Cayman domiciled investment Fund. Mike Williams, Founding Partner and...
FCA Updates – July 2021
Topic : FCA proposing changes to streamline decision-making Date: 29th July 2021 Overview: The FCA is proposing changes to its decision-making process which will enable it to make faster and more effective decisions. This will help improve how the FCA...
FCA enforcement – July 2021
Topic : Ian Hudson sentenced to 4 years imprisonment for fraudulent trading and carrying on regulated activities without authorisation Subject of Enforcement: Ian Hudson Date of Notice: 26th July 2021 Overview: on 26th July 2021, at Southwark Crown Court, His Honour...
HM Treasury Consultation Paper proposes amendments to MiFID II
UK Treasury Announcement Indicates Preference Towards Attracting Business by Loosing of Regulatory Requirements as opposed to Maintaining Equivalence with The European Regulatory Infrastructure What Have the UK Treasury Announced? HM Treasury have released a Consultation Paper, the Wholesale Markets...