In briefFCA appoints new Board members including two non-executive directors and deputy chief executive
SummaryThe UK Financial Conduct Authority has appointed Lea Paterson CBE and Matthew Tobin as non-executive directors, with the Treasury making the appointments. Deputy chief executive Sarah Pritchard has also joined the Board as an executive member. The new Board roles take effect on 1 October 2026.
In briefFCA opens applications for regulated crypto firms in the UK
SummaryFrom today, crypto firms can apply to the Financial Conduct Authority (FCA) for authorisation. Crypto firms operating in the UK will be brought under full FCA regulation, with standards covering consumer protection, safeguarding, market integrity and financial resilience. Firms intending to keep operating must apply by 28 February 2027, and the new regime comes into force on 25 October 2027.
In briefFinancial planning firm IMFP and its representative IMA enter administration
SummaryThe FCA reports that IMFP and its appointed representative IMA entered administration on 24 September 2026, with Kroll Advisory Limited's two joint administrators taking control. The notice explains how customers can contact the administrators, what to do about investments and complaints, and warns about fraudsters impersonating the firms or administrators.
In briefFCA secures bankruptcy order against Arthur Temlett
SummaryThe FCA asked the court to make Arthur Temlett, trading as Abacus Insurance Consultants, bankrupt, known as sequestration in Scotland. The Sheriff granted the application on 27 August 2026, and Emma Porter of Aver Chartered Accountants was appointed trustee to assess his finances and distribute any recovered funds to creditors. Mr Temlett is awaiting trial on embezzlement charges following a Police Scotland investigation.
In briefUK regulator secures repayment for crypto fraud victims
SummaryThe FCA obtained confiscation orders against Raymondip Bedi and Patrick Mavanga, who ran a fake cryptoasset investment scheme that defrauded at least 65 investors of £1,541,799. On 28 September 2026, Bedi was ordered to pay £603,404.28 and Mavanga £247,997.99. The FCA says funds recovered through the process will be returned to victims.
