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Showing 841 to 850 of 933 search results for requirements under the Consumer Duty.
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FCA warns consumers of the risks of investments advertising high returns based on cryptoassets
The FCA is aware that some firms are offering investments in cryptoassets, or lending or investments linked to cryptoassets, that promise high returns. Investing in cryptoassets, or investments and lending linked to them, generally involves taking -
FCA fines guarantor lender TFS Loans Ltd (in administration) and requires it to provide redress to affected guarantors
We have fined TFS Loans Ltd (in administration) £811,900 in relation to deficient affordability checks on 3,150 guarantors in its consumer credit business. -
News for customers of P.F. (International) Limited (“the firm”), a distributor of Kirby Vacuum Cleaners in the South West area of England
In at least two cases seen by the FCA, the firm entered into a consumer credit agreement despite being told by the customers that they could not afford the credit. ... Misled the FCA. Has close connections with a firm the consumer credit licence of which -
Restrictions imposed on Beaufort Securities Limited (BSL) and Beaufort Asset Clearing Services Limited (BACSL) and both Firms are placed into insolvency
Following an urgent application by the Financial Conduct Authority (FCA), the High Court has appointed Messrs Russell Downs, Douglas Nigel Rackham and Dan Yoram Schwarzmann of PricewaterhouseCoopers (PwC) as joint administrators of BSL and joint -
PS20/2: Publishing and disclosing costs and charges to workplace pension scheme members and amendments to COBS 19.8
Following our consultation in CP19/10, we are publishing our final rules and guidance on requiring pension scheme governance bodies to report costs and charges information to members of workplace pension schemes and some amendments to our COBS 19.8 -
FCA fines SEI Investments (Europe) Limited £900,200 for client money breaches
Under the FCA’s client money rules, firms are required to keep client money separate from the firm's money in client bank accounts with trust status. ... The proposals include measures to facilitate faster and greater return of client assets, reducing -
Half a million consumers paying less credit card interest following FCA intervention
Nearly 600,000 people are now paying less in interest and charges on their credit card debt because of changes made by the FCA. -
FCA publishes rules on how it will apply the new accountability regime to UK branches of overseas banks and Solvency II firms
make further submissions to the PRA as the lead regulator for the transposition of these requirements;. ... On 1 April 2014, the FCA took over responsibility for consumer credit regulation. -
FCA cancels payday lender’s interim permission, bans director and refuses application to conduct regulated business
The Financial Conduct Authority (FCA) has banned Andrew Barry Hart, the sole director, controller and ultimate owner of Wage Payment and Payday Loans Limited (WPPL), from performing any role in regulated financial services. The FCA has also -
The Financial Conduct Authority outlines how it will regulate crowdfunding
Consumers who want to invest in small or start-up businesses via crowdfunding platforms will receive clearer information about the business in which they are investing, under proposed new rules published ... Consumers need to be clear on what they’re