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Statement on the UK Coronavirus Business Interruption Loan Scheme (CBILS) and the new Bounce Back Loan Scheme (BBLS)
The Treasury has today announced amendments to the UK’s CBILS scheme to support small businesses. This statement sets out the FCA’s approach to its regulation of firms in relation to the Government’s CBILS and BBL schemes. -
FCA and FRC joint statement reminding companies that extended financial information timelines continue to apply
In a joint statement, the FCA and the Financial Reporting Council (FRC) have asked firms to stay aware of the current measures in place, considering the situation created by coronavirus (Covid-19). -
Redress package agreed for consumers mis-sold CPP insurance products
The Financial Conduct Authority has reached an agreement with Card Protection Plan Limited (CPP) and 13 high street banks and credit card issuers that will pave the way for redress to be paid to customers who were mis-sold CPP’s Card Protection -
FCA regulation boosts consumer protection in the funeral plans market
The FCA is authorising 26 providers. These firms hold approximately 1.6 million plans, which make up 87% of the market. -
Competition and innovation in financial services: the regulator’s perspective
Speech by Christopher Woolard, Executive Director of Strategy and Competition at the FCA, delivered at Cheung Kong Graduate School of Business. -
100 days of the FCA - Martin Wheatley speaks at the ABI Biennial Conference
Martin Wheatley, chief executive of the Financial Conduct Authority (FCA), will today tell the Association of British Insurers (ABI) Biennial Conference that the FCA is “a very different animal to the Financial Services Authority (FSA)”. -
Statement on certain FCA work in light of coronavirus and changing market conditions
We are providing an update on work that we intend to either stop or postpone in light of the ongoing impact of coronavirus and economic conditions. These changes will allow us to focus our resources on the most urgent work where we can make the most -
FCA calls on firms to improve treatment of politically exposed persons (PEPs)
The FCA has told financial firms – including banks, payment firms and lenders – to do more to ensure Parliamentarians, senior public servants and their families are not treated unfairly. -
FCA highlights concerns when credit firms allow repeat borrowing
The FCA has today published the findings of a review into relending by firms that offer high-cost credit. -
Tribunal upholds FCA ban and significant fine on insurance broker
The Upper Tribunal (Tribunal) has upheld the decision of the Financial Conduct Authority (FCA) to ban Andrew Jeffery, director of Jeffery Flanders (Consulting) Limited, and fine him £150,000 – one of the largest fines imposed on a broker for