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FCA and PSR respond to the CMA’s guidance on business cooperation under competition law
Both the FCA and PSR are supportive of the CMA’s guidance on its approach to business cooperation under competition law, which was published on 25 March 2020. -
Uncle Buck LLP enters administration following FCA action
The FCA had concerns that Uncle Buck Finance LLP (Uncle Buck) was failing to meet the adequate resources Threshold Condition. Given the severity of these concerns, the FCA has required Uncle Buck to stop lending to customers. -
Avoid coronavirus scams
Find out about potential coronavirus (Covid-19) scams, how they could affect you, and how to protect yourself. -
Joint statement by the FCA, FRC and PRA
Financial Conduct Authority, Financial Reporting Council and Prudential Regulation Authority issue a joint statement in response to the coronavirus (Covid-19) situation -
Statement of Policy: Delaying annual company accounts during the coronavirus crisis
Companies and their auditors currently face unprecedented challenges in preparing audited financial information as a result of the coronavirus pandemic. In response to the current situation, the FCA, FRC and PRA are today announcing a series of -
FCA’s expectations on financial resilience for FCA solo-regulated firms – statement update
Statement on the FCA’s expectations on financial resilience for FCA solo-regulated firms. -
Impact of the coronavirus on firms’ LIBOR transition plans
The FCA, Bank of England and members of the Working Group on Sterling Risk-Free Reference Rates have discussed the impact of the coronavirus on firms’ LIBOR transition plans over the coming months. -
Temporary ban on net short positions by Austrian FMA
The Financial Conduct Authority (“FCA”) would like to draw the industry’s attention to the announcement by the Austrian Financial Market Authority (Austrian FMA) which restricts transactions under Article 20 of Regulation (EU) No 236/2012 of -
Banks, building societies and credit unions – branch access for essential services
Banks, building societies and credit unions are working closely with the FCA, the Prudential Regulation Authority and HM Treasury to maintain branch access for essential services. The FCA urges customers to only visit branches where absolutely -
Statement on bank branch opening
In line with the latest UK Government announcement, our current advice to banks and building societies is that they should keep branches and contact centres open, where possible, as they are deemed essential for civil and commercial functions.