Investment Week www.investmentweek.co.uk FCA warns firms and finfluencers to 'keep social media ads lawful' <img alt="FCA warns firms and finfluencers to &#39;keep social media ads lawful&#39;" src="https://www.investmentweek.co.uk/api/v1/wps/d1440e0/00e9b2fc-0672-4007-9913-37b6f60b452b/15/fca-reception-3-185x114.jpg" /> <p><!--summary start--> Guidance for memes, reels and gaming streams promoting financial services has been published by the Financial Conduct Authority. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/d1440e0/00e9b2fc-0672-4007-9913-37b6f60b452b/15/fca-reception-3-185x114.jpg https://www.investmentweek.co.uk/news/4189953/fca-warns-firms-finfluencers-social-media-ads-lawful https://www.investmentweek.co.uk/news/4189953/fca-warns-firms-finfluencers-social-media-ads-lawful https://www.investmentweek.co.uk/news/4189953/fca-warns-firms-finfluencers-social-media-ads-lawful Tue, 26 Mar 2024 15:23:03 +0000 Investment Association urges FCA to retain shareholder protections in revamped listings regime <img alt="Investment Association urges FCA to retain shareholder protections in revamped listings regime" src="https://www.investmentweek.co.uk/api/v1/wps/ad263ac/6b7c9da3-0f54-45f5-bfe6-cf6d98bb615d/8/FCA-roi-1-185x114.jpg" /> <p><!--summary start--> The Investment Association has called on the Financial Conduct Authority to rethink the watering down of shareholder protections as part of its proposals to reform the UK listings regime. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/ad263ac/6b7c9da3-0f54-45f5-bfe6-cf6d98bb615d/8/FCA-roi-1-185x114.jpg https://www.investmentweek.co.uk/news/4189929/investment-association-urges-fca-retain-shareholder-protections-revamped-listings-regime https://www.investmentweek.co.uk/news/4189929/investment-association-urges-fca-retain-shareholder-protections-revamped-listings-regime https://www.investmentweek.co.uk/news/4189929/investment-association-urges-fca-retain-shareholder-protections-revamped-listings-regime Tue, 26 Mar 2024 15:09:10 +0000 FCA funding to increase 11% as regulator sets out work on T+1 settlement <img alt="FCA funding to increase 11% as regulator sets out work on T+1 settlement" src="https://www.investmentweek.co.uk/api/v1/wps/9978be9/15540ab5-657e-45e8-aa68-8e12dc3b62d4/10/fca-2018-regulation-3-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority has revealed its annual funding requirement is likely to increase by 10.7% to £755m for the 2024-25 financial year. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/9978be9/15540ab5-657e-45e8-aa68-8e12dc3b62d4/10/fca-2018-regulation-3-185x114.jpg https://www.investmentweek.co.uk/news/4187027/fca-funding-increase-regulator-sets-settlement https://www.investmentweek.co.uk/news/4187027/fca-funding-increase-regulator-sets-settlement https://www.investmentweek.co.uk/news/4187027/fca-funding-increase-regulator-sets-settlement Tue, 19 Mar 2024 11:42:32 +0000 T+1 and EU CSDR accelerate need for improved efficiency in ETF creation and redemption processes <img alt="T+1 and EU CSDR accelerate need for improved efficiency in ETF creation and redemption processes" src="https://www.investmentweek.co.uk/api/v1/wps/756c0db/e6dfae6f-f710-453e-87ee-cdb9db4fb8d3/36/Regulation-185x114.jpg" /> <p><!--summary start--> There is an increased need for ETF creation and redemption processes to undergo automation and standardisation, due to the EU’s Central Securities Depositories Regulation (CSDR) and the rollout of T+1 globally, according to new research from Calastone. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/756c0db/e6dfae6f-f710-453e-87ee-cdb9db4fb8d3/36/Regulation-185x114.jpg https://www.investmentweek.co.uk/news/4185491/eu-csdr-accelerate-improved-efficiency-etf-creation-redemption https://www.investmentweek.co.uk/news/4185491/eu-csdr-accelerate-improved-efficiency-etf-creation-redemption https://www.investmentweek.co.uk/news/4185491/eu-csdr-accelerate-improved-efficiency-etf-creation-redemption Thu, 14 Mar 2024 15:06:34 +0000 Chancellor declines to provide timeframe on investment trust cost disclosure reforms <img alt="Chancellor declines to provide timeframe on investment trust cost disclosure reforms" src="https://www.investmentweek.co.uk/api/v1/wps/b70ba38/4790cf1c-1001-4c46-bd1e-bb8d914d74f8/41/Jeremy-Hunt-1-185x114.jpg" /> <p><!--summary start--> Chancellor Jeremy Hunt did not provide an answer on when investment trust cost disclosure reform legislation will be brought to parliament, saying discussions are "ongoing", and the issue is “market sensitive”. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/b70ba38/4790cf1c-1001-4c46-bd1e-bb8d914d74f8/41/Jeremy-Hunt-1-185x114.jpg https://www.investmentweek.co.uk/news/4185187/chancellor-declines-provide-timeframe-investment-trust-cost-disclosure-reforms https://www.investmentweek.co.uk/news/4185187/chancellor-declines-provide-timeframe-investment-trust-cost-disclosure-reforms https://www.investmentweek.co.uk/news/4185187/chancellor-declines-provide-timeframe-investment-trust-cost-disclosure-reforms Thu, 14 Mar 2024 09:01:25 +0000 FCA's Rathi: Fair value is not 'Trojan horse' for price regulation <img alt="FCA&#39;s Rathi: Fair value is not &#39;Trojan horse&#39; for price regulation" src="https://www.investmentweek.co.uk/api/v1/wps/583a5ab/f5dddfbb-5beb-419e-9e8d-6e8f9b5456f2/28/RATHI-Nikhil-FCA-2020-edited-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority (FCA) CEO Nikhil Rathi has said the regulator is an “outcomes-focused” organisation and its push for consumer fair value under Consumer Duty is not a “Trojan horse” for price regulation. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/583a5ab/f5dddfbb-5beb-419e-9e8d-6e8f9b5456f2/28/RATHI-Nikhil-FCA-2020-edited-185x114.jpg https://www.investmentweek.co.uk/news/4185318/fcas-rathi-fair-value-trojan-horse-price-regulation https://www.investmentweek.co.uk/news/4185318/fcas-rathi-fair-value-trojan-horse-price-regulation https://www.investmentweek.co.uk/news/4185318/fcas-rathi-fair-value-trojan-horse-price-regulation Thu, 14 Mar 2024 08:18:05 +0000 Sustainable ETFs subject to SDR but unable to benefit from labelling regime <img alt="Sustainable ETFs subject to SDR but unable to benefit from labelling regime" src="https://www.investmentweek.co.uk/api/v1/wps/bde49dd/96815bd1-1026-427f-bffb-aafa181e9f2f/30/sustainable-185x114.jpg" /> <p><!--summary start--> While the Sustainability Disclosure Requirements have blocked ETFs from using the new labels, any ESG-focused ETFs distributed in the UK will still be subject to disclosure requirements. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/bde49dd/96815bd1-1026-427f-bffb-aafa181e9f2f/30/sustainable-185x114.jpg https://www.investmentweek.co.uk/news-analysis/4175832/sustainable-etfs-subject-to-sdr-but-unable-to-benefit-from-labelling-regime https://www.investmentweek.co.uk/news-analysis/4175832/sustainable-etfs-subject-to-sdr-but-unable-to-benefit-from-labelling-regime https://www.investmentweek.co.uk/news-analysis/4175832/sustainable-etfs-subject-to-sdr-but-unable-to-benefit-from-labelling-regime Tue, 12 Mar 2024 15:16:04 +0000 Industry backs House of Lords call to reform 'misleading' investment trust cost disclosure <img alt="Industry backs House of Lords call to reform &#39;misleading&#39; investment trust cost disclosure " src="https://www.investmentweek.co.uk/api/v1/wps/530abd1/fce63d4f-0117-4bd0-8629-5d7317b233a8/28/letter-185x114.jpg" /> <p><!--summary start--> Over 110 senior investment professionals have backed a letter sent by three members of the House of Lords and an MP calling for a change to the way investment trust cost disclosure rules are interpreted. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/530abd1/fce63d4f-0117-4bd0-8629-5d7317b233a8/28/letter-185x114.jpg https://www.investmentweek.co.uk/news/4184182/industry-lords-reform-misleading-investment-trust-cost-disclosure https://www.investmentweek.co.uk/news/4184182/industry-lords-reform-misleading-investment-trust-cost-disclosure https://www.investmentweek.co.uk/news/4184182/industry-lords-reform-misleading-investment-trust-cost-disclosure Mon, 11 Mar 2024 15:23:56 +0000 FCA to allow professional access to crypto ETNs but retail ban remains in place <img alt="FCA to allow professional access to crypto ETNs but retail ban remains in place" src="https://www.investmentweek.co.uk/api/v1/wps/efb45a3/c47ef09b-4d9e-41bd-82f6-8ee4fbbfa3af/8/Cryptocurrencies-bitcoin-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority has shifted its position on cryptoasset exchange traded notes (cETNs), stating it “will not object” if one of the UK’s six recognised investment exchanges requests to create a listed market segment for the products. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/efb45a3/c47ef09b-4d9e-41bd-82f6-8ee4fbbfa3af/8/Cryptocurrencies-bitcoin-185x114.jpg https://www.investmentweek.co.uk/news/4183962/fca-allow-professional-access-crypto-etns-retail-ban-remains https://www.investmentweek.co.uk/news/4183962/fca-allow-professional-access-crypto-etns-retail-ban-remains https://www.investmentweek.co.uk/news/4183962/fca-allow-professional-access-crypto-etns-retail-ban-remains Mon, 11 Mar 2024 08:16:40 +0000 Great British ISA may struggle to be Consumer Duty compliant <img alt="Great British ISA may struggle to be Consumer Duty compliant" src="https://www.investmentweek.co.uk/api/v1/wps/3755146/4e1583cd-7164-4134-9233-cc74e5b4502f/11/Cameron-Steven-Aegon-2023-185x114.jpg" /> <p><!--summary start--> The government may struggle to show the Financial Conduct Authority that the new Great British ISA (GB ISA) is compliant with Consumer Duty regulations, Aegon has warned. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/3755146/4e1583cd-7164-4134-9233-cc74e5b4502f/11/Cameron-Steven-Aegon-2023-185x114.jpg https://www.investmentweek.co.uk/news/4184194/great-british-isa-struggle-consumer-duty-compliant https://www.investmentweek.co.uk/news/4184194/great-british-isa-struggle-consumer-duty-compliant https://www.investmentweek.co.uk/news/4184194/great-british-isa-struggle-consumer-duty-compliant Mon, 11 Mar 2024 08:01:43 +0000 Spring Budget 24: Treasury confirms regulation of ESG ratings <img alt="Spring Budget 24: Treasury confirms regulation of ESG ratings" src="https://www.investmentweek.co.uk/api/v1/wps/f27947e/431ba54e-9831-4bac-b744-b4e61b9e8471/9/esg-sustainable-investing-230418-185x114.jpg" /> <p><!--summary start--> HM Treasury has confirmed it will regulate ESG ratings, following a year-long consultation initiated in the wake of 2023’s Spring Budget. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/f27947e/431ba54e-9831-4bac-b744-b4e61b9e8471/9/esg-sustainable-investing-230418-185x114.jpg https://www.investmentweek.co.uk/news/4182380/spring-budget-treasury-confirms-regulation-esg-ratings https://www.investmentweek.co.uk/news/4182380/spring-budget-treasury-confirms-regulation-esg-ratings https://www.investmentweek.co.uk/news/4182380/spring-budget-treasury-confirms-regulation-esg-ratings Wed, 6 Mar 2024 13:23:04 +0000 FCA puts focus on WealthTek criminal investigation <img alt="FCA puts focus on WealthTek criminal investigation" src="https://www.investmentweek.co.uk/api/v1/wps/de91552/00e9b2fc-0672-4007-9913-37b6f60b452b/12/fca-reception-3-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority has paused its civil action against WealthTek as it focuses on investigating suspected criminal offences by the discretionary fund manager’s owner John Dance. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/de91552/00e9b2fc-0672-4007-9913-37b6f60b452b/12/fca-reception-3-185x114.jpg https://www.investmentweek.co.uk/news/4181114/fca-focus-wealthtek-criminal-investigation https://www.investmentweek.co.uk/news/4181114/fca-focus-wealthtek-criminal-investigation https://www.investmentweek.co.uk/news/4181114/fca-focus-wealthtek-criminal-investigation Mon, 4 Mar 2024 10:44:13 +0000 Cultural change: What regulators expect from financial services firms on D&I <img alt="Cultural change: What regulators expect from financial services firms on D&amp;I" src="https://www.investmentweek.co.uk/api/v1/wps/59f66e3/044ef903-b23c-413b-b70e-86623a84aef7/10/Peter-Haines-185x114.jpg" /> <p><!--summary start--> Peter Haines, director of GRC training at CCL Academy, takes a closer look at the outcomes regulators want to achieve with their recent D&I consultation for financial services firms and implementation challenges. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/59f66e3/044ef903-b23c-413b-b70e-86623a84aef7/10/Peter-Haines-185x114.jpg https://www.investmentweek.co.uk/opinion/4179237/cultural-change-regulators-expect-financial-services-firms https://www.investmentweek.co.uk/opinion/4179237/cultural-change-regulators-expect-financial-services-firms https://www.investmentweek.co.uk/opinion/4179237/cultural-change-regulators-expect-financial-services-firms Fri, 1 Mar 2024 13:00:46 +0000 FCA rules out 'significant intervention' on wholesale data market <img alt="FCA rules out &#39;significant intervention&#39; on wholesale data market" src="https://www.investmentweek.co.uk/api/v1/wps/df129af/d1df7eb5-a88e-4259-b2e1-924a8c52de02/11/data-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority has ruled out a “significant intervention” within the wholesale data market, following the publication of its market study today (29 February). <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/df129af/d1df7eb5-a88e-4259-b2e1-924a8c52de02/11/data-185x114.jpg https://www.investmentweek.co.uk/news/4179884/fca-rules-significant-intervention-wholesale-market https://www.investmentweek.co.uk/news/4179884/fca-rules-significant-intervention-wholesale-market https://www.investmentweek.co.uk/news/4179884/fca-rules-significant-intervention-wholesale-market Thu, 29 Feb 2024 11:27:26 +0000 St James's Place results lay bare cost and charging challenges against market tumult <img alt="St James&#39;s Place results lay bare cost and charging challenges against market tumult" src="https://www.investmentweek.co.uk/api/v1/wps/f188a0a/b50af7d0-6976-4de2-92a8-8430ab55f004/17/FITZPATRICK-Mark-185x114.jpg" /> <p><!--summary start--> St James’s Place is sounding a cautiously positive note on its prospects for 2024 after results this morning laid bare a surprise £426m spend on client refunds and the material effect of its decision last year to overhaul its charging structure. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/f188a0a/b50af7d0-6976-4de2-92a8-8430ab55f004/17/FITZPATRICK-Mark-185x114.jpg https://www.investmentweek.co.uk/news/4179631/st-jamess-results-lay-bare-cost-charging-challenges-market-tumult https://www.investmentweek.co.uk/news/4179631/st-jamess-results-lay-bare-cost-charging-challenges-market-tumult https://www.investmentweek.co.uk/news/4179631/st-jamess-results-lay-bare-cost-charging-challenges-market-tumult Wed, 28 Feb 2024 14:25:06 +0000 FCA plan to publicise investigations sparks industry concerns <img alt="FCA plan to publicise investigations sparks industry concerns" src="https://www.investmentweek.co.uk/api/v1/wps/2808051/00e9b2fc-0672-4007-9913-37b6f60b452b/14/fca-reception-3-185x114.jpg" /> <p><!--summary start--> Industry professionals have raised concerns over the Financial Conduct Authority's proposal to publicise investigations earlier in the process as part of new measures to accelerate the pace and transparency of enforcement cases. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/2808051/00e9b2fc-0672-4007-9913-37b6f60b452b/14/fca-reception-3-185x114.jpg https://www.investmentweek.co.uk/news-analysis/4179436/fca-plan-publicise-investigations-sparks-industry-concerns https://www.investmentweek.co.uk/news-analysis/4179436/fca-plan-publicise-investigations-sparks-industry-concerns https://www.investmentweek.co.uk/news-analysis/4179436/fca-plan-publicise-investigations-sparks-industry-concerns Tue, 27 Feb 2024 15:05:19 +0000 FCA commits to speeding up enforcement investigations in policy overhaul <img alt="FCA commits to speeding up enforcement investigations in policy overhaul" src="https://www.investmentweek.co.uk/api/v1/wps/25fba95/7de4243f-8b9a-4498-b347-c903013eb491/20/CHAMBERS-Therese-FCA-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority has committed to improving the pace and transparency of its investigations as part of an overhaul of its enforcement policy. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/25fba95/7de4243f-8b9a-4498-b347-c903013eb491/20/CHAMBERS-Therese-FCA-185x114.jpg https://www.investmentweek.co.uk/news/4178966/fca-commits-speeding-enforcement-investigations-policy-overhaul https://www.investmentweek.co.uk/news/4178966/fca-commits-speeding-enforcement-investigations-policy-overhaul https://www.investmentweek.co.uk/news/4178966/fca-commits-speeding-enforcement-investigations-policy-overhaul Tue, 27 Feb 2024 11:35:03 +0000 FCA revamps investigations policy with greater focus on 'public interest' - reports <img alt="FCA revamps investigations policy with greater focus on &#39;public interest&#39; - reports" src="https://www.investmentweek.co.uk/api/v1/wps/b92368c/7de4243f-8b9a-4498-b347-c903013eb491/17/CHAMBERS-Therese-FCA-185x114.jpg" /> <p><!--summary start--> The UK’s financial watchdog has said it plans to adopt a looser approach to its strict privacy rules regarding its ongoing investigations, centring them more around the “public interest”. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/b92368c/7de4243f-8b9a-4498-b347-c903013eb491/17/CHAMBERS-Therese-FCA-185x114.jpg https://www.investmentweek.co.uk/news/4178889/fca-revamps-investigations-policy-public-interest-mind-reports https://www.investmentweek.co.uk/news/4178889/fca-revamps-investigations-policy-public-interest-mind-reports https://www.investmentweek.co.uk/news/4178889/fca-revamps-investigations-policy-public-interest-mind-reports Tue, 27 Feb 2024 08:55:47 +0000 BoE's Breeden: More research into non-bank lenders needed to prevent potential crises - reports <img alt="BoE&#39;s Breeden: More research into non-bank lenders needed to prevent potential crises - reports" src="https://www.investmentweek.co.uk/api/v1/wps/7cce315/0ace2f75-2de2-47e5-b29f-cc883fffc586/23/Sarah-Breeden-185x114.jpg" /> <p><!--summary start--> The Bank of England’s deputy governor Sarah Breeden has said more research into non-bank lenders could help better assess the risks of a "credit crunch", potentially triggered by investment funds and other financial intermediaries. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/7cce315/0ace2f75-2de2-47e5-b29f-cc883fffc586/23/Sarah-Breeden-185x114.jpg https://www.investmentweek.co.uk/news/4178636/boes-breeden-research-bank-lenders-prevent-potential-crises-reports https://www.investmentweek.co.uk/news/4178636/boes-breeden-research-bank-lenders-prevent-potential-crises-reports https://www.investmentweek.co.uk/news/4178636/boes-breeden-research-bank-lenders-prevent-potential-crises-reports Mon, 26 Feb 2024 14:46:58 +0000 Permission to appeal filed in relation to Woodford scheme of arrangement <img alt="Permission to appeal filed in relation to Woodford scheme of arrangement" src="https://www.investmentweek.co.uk/api/v1/wps/46ac216/e41ff8d1-e53d-416a-9e0e-8a31193799f2/7/appeal-court-185x114.jpg" /> <p><!--summary start--> Investor group Transparency Task Force has filed an application for permission to appeal against the scheme of arrangement proposed by Link Fund Solutions, which was sanctioned by the High Court on 9 February. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/46ac216/e41ff8d1-e53d-416a-9e0e-8a31193799f2/7/appeal-court-185x114.jpg https://www.investmentweek.co.uk/news/4178197/permission-appeal-filed-relation-woodford-scheme-arrangement https://www.investmentweek.co.uk/news/4178197/permission-appeal-filed-relation-woodford-scheme-arrangement https://www.investmentweek.co.uk/news/4178197/permission-appeal-filed-relation-woodford-scheme-arrangement Fri, 23 Feb 2024 13:31:54 +0000 City minister challenges 'inconsistent' Treasury Committee criticism of Edinburgh Reforms <img alt="City minister challenges &#39;inconsistent&#39; Treasury Committee criticism of Edinburgh Reforms" src="https://www.investmentweek.co.uk/api/v1/wps/a267c0a/73b23e8a-bd82-4770-a281-b4010e195681/15/Afolami-Bim-Economic-Secretary-to-HM-Treasury-and-MP-2024-185x114.jpg" /> <p><!--summary start--> City minister Bim Afolami has challenged a number of conclusions made by the Treasury Select Committee during its inquiry on the Edinburgh Reforms, describing them as “inconsistent”. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/a267c0a/73b23e8a-bd82-4770-a281-b4010e195681/15/Afolami-Bim-Economic-Secretary-to-HM-Treasury-and-MP-2024-185x114.jpg https://www.investmentweek.co.uk/news/4176866/city-minister-challenges-inconsistent-treasury-committee-criticism-edinburgh-reforms https://www.investmentweek.co.uk/news/4176866/city-minister-challenges-inconsistent-treasury-committee-criticism-edinburgh-reforms https://www.investmentweek.co.uk/news/4176866/city-minister-challenges-inconsistent-treasury-committee-criticism-edinburgh-reforms Wed, 21 Feb 2024 15:09:33 +0000 Listings reform will not cure 'general disinterest and malaise' in UK capital markets <img alt="Listings reform will not cure &#39;general disinterest and malaise&#39; in UK capital markets" src="https://www.investmentweek.co.uk/api/v1/wps/7ac66c5/f7957a83-3ced-4c63-8969-672f47f76851/9/london-185x114.jpg" /> <p><!--summary start--> Fund managers have argued the issues plaguing UK capital markets stretch beyond the Financial Conduct Authority’s listings regime reforms. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/7ac66c5/f7957a83-3ced-4c63-8969-672f47f76851/9/london-185x114.jpg https://www.investmentweek.co.uk/analysis/4176890/listings-reform-cure-disinterest-malaise-uk-capital-markets https://www.investmentweek.co.uk/analysis/4176890/listings-reform-cure-disinterest-malaise-uk-capital-markets https://www.investmentweek.co.uk/analysis/4176890/listings-reform-cure-disinterest-malaise-uk-capital-markets Wed, 21 Feb 2024 15:06:53 +0000 FCA on Consumer Duty: 'There are areas where firms could do better' <img alt="FCA on Consumer Duty: &#39;There are areas where firms could do better&#39; " src="https://www.investmentweek.co.uk/api/v1/wps/489e5f4/b538a276-4166-4c09-8eda-2c6f47d7d9ca/5/fca-reception-1-580-358-185x114.jpg" /> <p><!--summary start--> There are still areas of Consumer Duty where firms could do better, according to Financial Conduct Authority executive director of consumers and competition Sheldon Mills. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/489e5f4/b538a276-4166-4c09-8eda-2c6f47d7d9ca/5/fca-reception-1-580-358-185x114.jpg https://www.investmentweek.co.uk/news/4176841/fca-consumer-duty-firms https://www.investmentweek.co.uk/news/4176841/fca-consumer-duty-firms https://www.investmentweek.co.uk/news/4176841/fca-consumer-duty-firms Wed, 21 Feb 2024 12:26:59 +0000 Jupiter forced to divest crypto ETP holding on compliance team demands <img alt="Jupiter forced to divest crypto ETP holding on compliance team demands" src="https://www.investmentweek.co.uk/api/v1/wps/3842c41/9a9644a8-7f87-433a-bb06-21f04275ef47/30/crypto-law-185x114.jpg" /> <p><!--summary start--> Jupiter was forced to divest its position in a crypto ETP following demands from its compliance team, owing to Irish regulations banning the inclusion of cryptoassets in UCITS funds. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/3842c41/9a9644a8-7f87-433a-bb06-21f04275ef47/30/crypto-law-185x114.jpg https://www.investmentweek.co.uk/news/4175204/jupiter-forced-divest-crypto-etp-holding-compliance-team-demands https://www.investmentweek.co.uk/news/4175204/jupiter-forced-divest-crypto-etp-holding-compliance-team-demands https://www.investmentweek.co.uk/news/4175204/jupiter-forced-divest-crypto-etp-holding-compliance-team-demands Fri, 16 Feb 2024 15:50:38 +0000 Deep Dive: 'Confusing' post-Brexit regulation still needs 'ironing out' <img alt="Deep Dive: &#39;Confusing&#39; post-Brexit regulation still needs &#39;ironing out&#39;" src="https://www.investmentweek.co.uk/api/v1/wps/af4b1a8/4ae5f08c-dbca-4d0e-9a5a-60311d59f344/17/brexit-business-185x114.jpg" /> <p><!--summary start--> Despite the eighth anniversary of the EU referendum fast approaching, industry professionals have highlighted that post-Brexit regulation for financial services remains “confused” and in need of “ironing out”. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/af4b1a8/4ae5f08c-dbca-4d0e-9a5a-60311d59f344/17/brexit-business-185x114.jpg https://www.investmentweek.co.uk/analysis/4174539/deep-dive-confusing-post-brexit-regulation-ironing https://www.investmentweek.co.uk/analysis/4174539/deep-dive-confusing-post-brexit-regulation-ironing https://www.investmentweek.co.uk/analysis/4174539/deep-dive-confusing-post-brexit-regulation-ironing Fri, 16 Feb 2024 13:00:27 +0000 FCA quizzes 20 advice firms on Consumer Duty compliance <img alt="FCA quizzes 20 advice firms on Consumer Duty compliance" src="https://www.investmentweek.co.uk/api/v1/wps/217536e/00e9b2fc-0672-4007-9913-37b6f60b452b/11/fca-reception-3-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority (FCA) has written to 20 of the UK’s largest advice firms to request information on their ongoing advice services in line with the Consumer Duty. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/217536e/00e9b2fc-0672-4007-9913-37b6f60b452b/11/fca-reception-3-185x114.jpg https://www.investmentweek.co.uk/news/4174754/fca-quizzes-advice-firms-consumer-duty-compliance https://www.investmentweek.co.uk/news/4174754/fca-quizzes-advice-firms-consumer-duty-compliance https://www.investmentweek.co.uk/news/4174754/fca-quizzes-advice-firms-consumer-duty-compliance Thu, 15 Feb 2024 11:31:37 +0000 FCA: More than 10,000 'misleading' financial ads withdrawn in 2023 <img alt="FCA: More than 10,000 &#39;misleading&#39; financial ads withdrawn in 2023" src="https://www.investmentweek.co.uk/api/v1/wps/63edafe/5e71eb09-2905-4fcb-98c9-6b46a9c938a0/18/fca-reception-1-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority has disclosed proactive measures to safeguard consumers from misleading financial promotions and scams after recording an increase in interventions for 2023. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/63edafe/5e71eb09-2905-4fcb-98c9-6b46a9c938a0/18/fca-reception-1-185x114.jpg https://www.investmentweek.co.uk/news/4174194/fca-misleading-financial-ads-withdrawn-2023 https://www.investmentweek.co.uk/news/4174194/fca-misleading-financial-ads-withdrawn-2023 https://www.investmentweek.co.uk/news/4174194/fca-misleading-financial-ads-withdrawn-2023 Wed, 14 Feb 2024 11:45:59 +0000 Former London Capital & Finance director handed £31,800 fine <img alt="Former London Capital &amp; Finance director handed £31,800 fine" src="https://www.investmentweek.co.uk/api/v1/wps/b3395e7/00e9b2fc-0672-4007-9913-37b6f60b452b/4/fca-reception-3-185x114.jpg" /> <p><!--summary start--> A former director of London Capital & Finance (LCF) has today (13 February) been banned from working in financial services and handed a £31,800 fine. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/b3395e7/00e9b2fc-0672-4007-9913-37b6f60b452b/4/fca-reception-3-185x114.jpg https://www.investmentweek.co.uk/news/4173666/former-london-capital-finance-director-handed-gbp31-800-fine https://www.investmentweek.co.uk/news/4173666/former-london-capital-finance-director-handed-gbp31-800-fine https://www.investmentweek.co.uk/news/4173666/former-london-capital-finance-director-handed-gbp31-800-fine Tue, 13 Feb 2024 12:21:49 +0000 Ratings provider Fairer Finance launches fair value assessment tool <img alt="Ratings provider Fairer Finance launches fair value assessment tool" src="https://www.investmentweek.co.uk/api/v1/wps/4fdaeb9/512c3622-187f-4404-a17b-3b720d1f2332/14/Improving-value-185x114.jpg" /> <p><!--summary start--> Consumer group and ratings provider Fairer Finance has launched a fair value assessment tool to help financial services firms meet Consumer Duty standards. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/4fdaeb9/512c3622-187f-4404-a17b-3b720d1f2332/14/Improving-value-185x114.jpg https://www.investmentweek.co.uk/news/4173461/ratings-provider-fairer-finance-launches-fair-value-assessment-tool https://www.investmentweek.co.uk/news/4173461/ratings-provider-fairer-finance-launches-fair-value-assessment-tool https://www.investmentweek.co.uk/news/4173461/ratings-provider-fairer-finance-launches-fair-value-assessment-tool Tue, 13 Feb 2024 11:22:07 +0000 Global investors warn FCA's listings reform will regress shareholder protections <img alt="Global investors warn FCA&#39;s listings reform will regress shareholder protections" src="https://www.investmentweek.co.uk/api/v1/wps/6468194/292a36ca-3083-4423-9269-96454360b7da/8/Warnings-iStock-1252802600-185x114.jpg" /> <p><!--summary start--> Global investors representing $77trn of global assets under management have issued a warning against the Financial Conduct Authority's proposed UK listings regime reforms. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/6468194/292a36ca-3083-4423-9269-96454360b7da/8/Warnings-iStock-1252802600-185x114.jpg https://www.investmentweek.co.uk/news/4172317/global-investors-warn-fcas-listings-reform-regress-shareholder-protections https://www.investmentweek.co.uk/news/4172317/global-investors-warn-fcas-listings-reform-regress-shareholder-protections https://www.investmentweek.co.uk/news/4172317/global-investors-warn-fcas-listings-reform-regress-shareholder-protections Fri, 9 Feb 2024 13:06:58 +0000 Jeremy Hunt signals interest in potential British ISA launch - reports <img alt="Jeremy Hunt signals interest in potential British ISA launch - reports" src="https://www.investmentweek.co.uk/api/v1/wps/797d471/e3b913bf-7880-4286-9cf1-ca2b6197ad68/5/Jeremy-Hunt-Treasury-185x114.jpg" /> <p><!--summary start--> Chancellor of the Exchequer Jeremy Hunt has said he is “very attracted” by the idea of a British ISA. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/797d471/e3b913bf-7880-4286-9cf1-ca2b6197ad68/5/Jeremy-Hunt-Treasury-185x114.jpg https://www.investmentweek.co.uk/news/4172143/jeremy-hunt-signals-interest-potential-british-isa-launch-reports https://www.investmentweek.co.uk/news/4172143/jeremy-hunt-signals-interest-potential-british-isa-launch-reports https://www.investmentweek.co.uk/news/4172143/jeremy-hunt-signals-interest-potential-british-isa-launch-reports Fri, 9 Feb 2024 08:41:01 +0000 Industry backs 'need for a reset' of UK listings regime <img alt="Industry backs &#39;need for a reset&#39; of UK listings regime" src="https://www.investmentweek.co.uk/api/v1/wps/ac79dc2/5e71eb09-2905-4fcb-98c9-6b46a9c938a0/8/fca-reception-1-185x114.jpg" /> <p><!--summary start--> Players within the financial services industry have backed the Financial Conduct Authority’s reform of the UK listings regime, calling for a “need to reset”. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/ac79dc2/5e71eb09-2905-4fcb-98c9-6b46a9c938a0/8/fca-reception-1-185x114.jpg https://www.investmentweek.co.uk/news/4171593/industry-backs-reset-uk-listings-regime https://www.investmentweek.co.uk/news/4171593/industry-backs-reset-uk-listings-regime https://www.investmentweek.co.uk/news/4171593/industry-backs-reset-uk-listings-regime Thu, 8 Feb 2024 08:31:34 +0000 Consumer Duty exemption for EEA funds poses threats of 'divergence' and 'misalignment' <img alt="Consumer Duty exemption for EEA funds poses threats of &#39;divergence&#39; and &#39;misalignment&#39;" src="https://www.investmentweek.co.uk/api/v1/wps/1239572/7d24c0d2-516c-4011-9ec9-86fe9707f93e/19/direction-g8ccdc37fe-1920-185x114.jpg" /> <p><!--summary start--> Industry players have questioned the level of consumer protection offered to UK investors, as the Treasury plans to exempt funds domiciled in the European Economic Area (EEA) from Consumer Duty requirements under the Overseas Funds Regime (OFR). <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/1239572/7d24c0d2-516c-4011-9ec9-86fe9707f93e/19/direction-g8ccdc37fe-1920-185x114.jpg https://www.investmentweek.co.uk/news/4171213/consumer-duty-exemption-eea-funds-pose-threats-divergence-misalignment https://www.investmentweek.co.uk/news/4171213/consumer-duty-exemption-eea-funds-pose-threats-divergence-misalignment https://www.investmentweek.co.uk/news/4171213/consumer-duty-exemption-eea-funds-pose-threats-divergence-misalignment Wed, 7 Feb 2024 11:53:24 +0000 Chinese watchdog adds further short selling limits in a bid to halt market losses - reports <img alt="Chinese watchdog adds further short selling limits in a bid to halt market losses - reports" src="https://www.investmentweek.co.uk/api/v1/wps/963af36/02bec96b-ba39-46ce-a621-e394c981cb6a/18/china-flag2-185x114.jpg" /> <p><!--summary start--> Chinese regulators have added further trading restrictions to short selling as the nation continues to contend with the recent unpopularity of its stock market. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/963af36/02bec96b-ba39-46ce-a621-e394c981cb6a/18/china-flag2-185x114.jpg https://www.investmentweek.co.uk/news/4170690/chinese-watchdog-extends-short-selling-limits-bid-halt-market-losses-reports https://www.investmentweek.co.uk/news/4170690/chinese-watchdog-extends-short-selling-limits-bid-halt-market-losses-reports https://www.investmentweek.co.uk/news/4170690/chinese-watchdog-extends-short-selling-limits-bid-halt-market-losses-reports Tue, 6 Feb 2024 11:42:01 +0000 Deep Dive: FCA private market review a 'wake-up call' for asset managers <img alt="Deep Dive: FCA private market review a &#39;wake-up call&#39; for asset managers" src="https://www.investmentweek.co.uk/api/v1/wps/ec1bac6/9a4823ac-f84e-4806-aaa5-78cf6c551057/2/fca-reception-1-185x114.jpg" /> <p><!--summary start--> The Financial Conduct Authority’s upcoming review into private market valuations will lead to increased scrutiny on firms’ processes for investing in unlisted assets, especially concerning potential conflicts of interest, experts told Investment Week. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/ec1bac6/9a4823ac-f84e-4806-aaa5-78cf6c551057/2/fca-reception-1-185x114.jpg https://www.investmentweek.co.uk/analysis/4169616/deep-dive-fca-private-market-review-wake-asset-managers https://www.investmentweek.co.uk/analysis/4169616/deep-dive-fca-private-market-review-wake-asset-managers https://www.investmentweek.co.uk/analysis/4169616/deep-dive-fca-private-market-review-wake-asset-managers Fri, 2 Feb 2024 13:42:49 +0000 Swiss regulator pledges 'very strong' focus on UBS - reports <img alt="Swiss regulator pledges &#39;very strong&#39; focus on UBS - reports" src="https://www.investmentweek.co.uk/api/v1/wps/01896cc/538cc7e7-0cd4-473b-bf8d-0a08dfddd586/27/swiss-parliament-185x114.jpg" /> <p><!--summary start--> The Swiss Financial Market Supervisory Authority (FINMA) will focus “very strongly” on UBS in light of the bank’s acquisition of Credit Suisse last year, said FINMA’s chair Marlene Amstad. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/01896cc/538cc7e7-0cd4-473b-bf8d-0a08dfddd586/27/swiss-parliament-185x114.jpg https://www.investmentweek.co.uk/news/4169826/swiss-regulator-pledges-strong-focus-ubs-reports https://www.investmentweek.co.uk/news/4169826/swiss-regulator-pledges-strong-focus-ubs-reports https://www.investmentweek.co.uk/news/4169826/swiss-regulator-pledges-strong-focus-ubs-reports Fri, 2 Feb 2024 12:32:13 +0000 Europe-domiciled funds exempt from Consumer Duty requirements under Overseas Funds Regime <img alt="Europe-domiciled funds exempt from Consumer Duty requirements under Overseas Funds Regime" src="https://www.investmentweek.co.uk/api/v1/wps/77f8672/e4d8b35b-3056-48a9-9a48-bfd71692ec41/26/western-europe-185x114.jpg" /> <p><!--summary start--> Funds from the European Economic Area will not be required to comply with additional UK rules, including the Consumer Duty, under the Overseas Funds Regime, Investment Week understands. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/77f8672/e4d8b35b-3056-48a9-9a48-bfd71692ec41/26/western-europe-185x114.jpg https://www.investmentweek.co.uk/news/4169058/europe-domiciled-funds-exempt-consumer-duty-requirements-overseas-funds-regime https://www.investmentweek.co.uk/news/4169058/europe-domiciled-funds-exempt-consumer-duty-requirements-overseas-funds-regime https://www.investmentweek.co.uk/news/4169058/europe-domiciled-funds-exempt-consumer-duty-requirements-overseas-funds-regime Wed, 31 Jan 2024 15:53:08 +0000 Labour vows to 'reinvigorate' UK capital markets as part of financial services agenda <img alt="Labour vows to &#39;reinvigorate&#39; UK capital markets as part of financial services agenda" src="https://www.investmentweek.co.uk/api/v1/wps/b3f3b10/cd3ad940-0651-433e-b7e1-fd5156aaa3b4/34/Rachel-Reeves-screenshot-185x114.jpg" /> <p><!--summary start--> The Labour Party has unveiled its agenda for the financial services sector ahead of the upcoming General Election, which includes the simplification of the ISA landscape. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/b3f3b10/cd3ad940-0651-433e-b7e1-fd5156aaa3b4/34/Rachel-Reeves-screenshot-185x114.jpg https://www.investmentweek.co.uk/news/4168950/labour-vows-reinvigorate-uk-capital-markets-point-plan-financial-services https://www.investmentweek.co.uk/news/4168950/labour-vows-reinvigorate-uk-capital-markets-point-plan-financial-services https://www.investmentweek.co.uk/news/4168950/labour-vows-reinvigorate-uk-capital-markets-point-plan-financial-services Wed, 31 Jan 2024 15:16:19 +0000 Treasury facilitates long-term UK market access for European fund managers <img alt="Treasury facilitates long-term UK market access for European fund managers " src="https://www.investmentweek.co.uk/api/v1/wps/cb96a58/5fd756b4-7120-425a-a1be-b236ddedf2fa/18/parliament-185x114.jpg" /> <p><!--summary start--> The Treasury has confirmed that European fund managers will be able to submit applications to the Financial Conduct Authority to market their products to UK investors permanently. <!--summary end--></p> https://www.investmentweek.co.uk/api/v1/wps/cb96a58/5fd756b4-7120-425a-a1be-b236ddedf2fa/18/parliament-185x114.jpg https://www.investmentweek.co.uk/news/4168567/treasury-facilitates-long-term-uk-market-access-european-fund-managers https://www.investmentweek.co.uk/news/4168567/treasury-facilitates-long-term-uk-market-access-european-fund-managers https://www.investmentweek.co.uk/news/4168567/treasury-facilitates-long-term-uk-market-access-european-fund-managers Tue, 30 Jan 2024 15:02:10 +0000