Mon, Nov 8, 2021

Regulatory Focus - October 2021

In this edition of Regulatory Focus, Kroll’s compliance experts round up key news and publications from the FCA from July to October 2021.

FCA Key Topics – September - October 2021

Read more about the key topics on the FCA’s agenda during the past few months which includes:

  • Update on the FCA’s new prudential regime
  • The FCA and the Bank of England’s new quoting conventions
  • The FCA’s proposes streamlined decision-making process

FCA Updates – September - October 2021

Areas covered:

  • Man sentenced to over five years imprisonment for money laundering
  • IFA banned from working in financial services
  • Individual sentenced to 28 months imprisonment from forging a trust deed

FCA Updates – July - August 2021

Areas covered:

  • FCA statement on supervision of commodity position limits
  • Joint Bank of England and FCA review of open-ended investment funds
  • FCA published Annual report and accounts 2020/2021
  • Regulatory Hosted Solution Update
  • Transforming to a forward-looking, proactive regulator
  • Information for firms using exemptions from the financial promotions order
  • FCA secures conditional resolution of proceedings against an investment scheme
  • FCA enforcement: Individual charged with one offence of money laundering
  • Four year sentencing for fraudulent trading and providing financial services without FCA authorization
  • FCA publishes final rules to strengthen investor protections in special acquisition companies (SPACs)
  • FCA consults on proposals to boost disclosure of diversity on listed company boards and executive committees
  • Enforcement: Court of appeal upholds findings of breaches against firm
  • FCA stops firms from offering contracts for differences (CFDs) to UK customers
  • Third consultation on new prudential regime for UK investment firms
  • Unlawful CFD forex trading promotion results in bankruptcy order
  • Firms reminded about potential financial crime risks linked to Afghanistan

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