Regulation · United Kingdom · Diting Lab

Demands for disguised remuneration scheme loan repayments

2026-11-02T00:00:00+09:00

Demands for disguised remuneration scheme loan repayments FCA · Nov 2, 2026 · GuidanceThe FCA has seen demands for repayment of loans, or purported loans, provided under disguised remuneration schemes. Some affected people dispute the amounts claimed and whether the debts can be legally enforced. The FCA urges recipients to think carefully before paying, review HMRC guidance, consider legal advice, and report any undue pressure to the FCA.

FCA publishes terms of reference for independent review of its handling of whistleblower Simon Andriesz

2026-11-02T00:00:00+09:00

FCA publishes terms of reference for independent review concerning Mr Andriesz FCA · Nov 2, 2026The UK Financial Conduct Authority has published the terms of reference for an independent review of its handling of interactions with whistleblower Simon Andriesz. The review, led by independent non-executive director Lea Paterson CBE, covers at least 2017 to 2026. It will assess whether the FCA met its whistleblowing law responsibilities and its own policies, and will recommend improvements. A progress update is due in January 2027 and a final report in spring 2027.

UK adults far better at spotting pressure tactics in horror films than in investment pitches

2026-10-30T00:00:00+09:00

Brits nearly twice as likely to spot pressure tactics in horror films as investment red flags FCA · Oct 30, 2026 · ReportNew FCA survey data shows UK adults aged 18 to 40 who own or are considering investments are nearly twice as likely to recognise pressure tactics in horror films as when the same tactics promote investments. Respondents were also less sceptical of novelty, peer pressure and hype in investment contexts. The FCA's InvestSmart campaign offers a Hype Type Revealer tool to help people understand what may influence their investment decisions.

FCA urges former Verus Financial Services customers to check FSCS compensation eligibility

2026-10-29T00:00:00+09:00

FCA encourages former Verus Financial Services Limited customers to check if they can claim with FSCS FCA · Oct 29, 2026 · EnforcementFormer customers of Verus Financial Services Limited can now check on the FSCS website whether they may claim compensation, subject to assessment. The FCA supports the FSCS as it assesses claims against the firm and decides whether individual claims are eligible. Verus was an independent adviser on investments, pensions, mortgages, equity release and insurance, and since 2025 it has had no permission to carry out regulated financial services in the UK.

UK regulator secures halt to HTX's unlawful crypto promotions

2026-10-29T00:00:00+09:00

FCA stops HTX's crypto promotions FCA · Oct 29, 2026 · Enforcement · CryptoTopic evidence: 「Crypto firms should be under no illusion: being based overseas does not put them beyond the reach of UK law.」 The FCA reached a High Court settlement with Huobi Global S.A., the company behind crypto exchange HTX (formerly Huobi). It has undertaken not to knowingly promote cryptoasset services to UK consumers in breach of section 21 of FSMA. HTX has exited the UK, with deposits and new sign-ups no longer possible. The settlement terms are confidential and involve no admission of liability.

FCA: What 'fair value' looks like in practice three years into the Consumer Duty

2026-10-29T00:00:00+09:00

What does 'fair value' look like in practice? Three years into the Consumer Duty, here’s what we’ve learned. FCA · Oct 29, 2026 · GuidanceThe FCA reviewed how consumer finance firms assess, evidence and monitor fair value three years into the Consumer Duty, and carried out focused work on fees and charges across credit products and supervisory work on home energy consumer hire agreements. It found that weaker firms relied on assumptions, treated target markets as single groups and did not test customer understanding. The article sets out questions firms can use to challenge their own fair value approaches.

Notice that Bullseye Financial Ltd has entered administration

2026-10-27T00:00:00+09:00

Bullseye Financial Ltd enters administration FCA · Oct 27, 2026 · EnforcementThe FCA reports that Bullseye Financial Ltd entered administration on 23 October 2026, with Robert Young of Azets and Matthew Haw of RSM UK appointed as joint administrators. The firm served only professional investors and had agreed on 11 March 2026 to stop all regulated activity. The notice lists customer contact details and warns the public about fraudsters posing as the firm or its administrators.

UK FCA speech on reforming capital markets to support economic growth

2026-10-05T00:00:00+09:00

Reforming UK capital markets to ensure they work well for our economy FCA · Oct 5, 2026 · SpeechJon Relleen, FCA director of infrastructure and exchanges, gave this speech at a 2026 capital markets summit. It reviews around 30 FCA capital markets reforms, including listing rule changes, a bond consolidated tape, and the PISCES market for private company shares. The speech also covers support for tokenisation and AI while keeping market integrity. The archived text and attachments run to about 67,322 characters; the summary is based only on the first 12,000. Check the original. 3 later passages mentioning crypto assets were also used to judge the topic.

FCA survey finds firms' satisfaction, confidence and trust in the regulator rising

2026-10-02T00:00:00+09:00

Firms’ confidence, satisfaction and trust in the FCA rise FCA · Oct 2, 2026 · ReportThe FCA and Practitioner Panel's annual survey of regulated firms reports higher satisfaction, confidence and trust in the FCA, with 79% of firms highly satisfied with their relationship. 88% say they understand the FCA's expectations under the Consumer Duty. Some firms still find regulation burdensome, and the FCA is simplifying reporting requirements. The archived text and attachments run to about 139,817 characters; the summary is based only on the first 12,000. Check the original.

UK financial regulator appoints three new Board members

2026-09-30T00:00:00+09:00

FCA announces new Board appointments FCA · Sep 30, 2026 · PersonnelThe FCA has announced three new members of its Board: non-executive directors Lea Paterson and Matthew Tobin, appointed by the Treasury, and deputy chief executive Sarah Pritchard as an executive member. They take up their roles on 1 October 2026. The announcement outlines their backgrounds in public policy, financial services, regulation and corporate leadership.

UK FCA opens authorisation applications for regulated crypto firms

2026-09-30T00:00:00+09:00

FCA opens the gateway to regulated crypto FCA · Sep 30, 2026 · Guidance · CryptoTopic evidence: 「From today, crypto firms can apply for authorisation from the FCA, marking a landmark moment as the UK takes a step closer towards becoming one of the most trusted places in the world to build and inv」 The FCA announced that crypto firms can apply for authorisation from today, bringing them under full regulation covering consumer protection, safeguarding, market integrity and financial resilience. Firms intending to keep operating should apply by 28 February 2027, ahead of the new regime starting on 25 October 2027. Authorisation is not automatic, and firms that cannot meet the standards will not be allowed to operate in the UK.

Notice that InterestMe Financial Planning Limited (IMFP) and its appointed representative InterestMe Advisers Limited (IMA) have entered administration

2026-09-28T00:00:00+09:00

InterestMe Financial Planning Limited (IMFP) and the appointed representative InterestMe Advisers Limited (IMA) enter administration FCA · Sep 28, 2026 · EnforcementOn 24 September 2026, FCA-authorised IMFP and its appointed representative IMA entered administration, with two Kroll Advisory Limited officers appointed as joint administrators. The notice explains how customers can contact the administrators and what to do about investments, complaints and fraud risks. IMFP does not hold client money or custody assets, which are held by another regulated firm.

FCA secures bankruptcy order against Arthur Temlett

2026-09-28T00:00:00+09:00

FCA secures bankruptcy order against Arthur Temlett FCA · Sep 28, 2026 · EnforcementThe FCA asked the court to make Arthur Temlett, trading as Abacus Insurance Consultants, bankrupt, and the Scottish court granted the application on 27 August 2026. Emma Porter of Aver Chartered Accountants was appointed trustee to assess his finances and distribute any recovered funds to creditors. Temlett is awaiting trial on embezzlement charges brought after a Police Scotland investigation.

UK FCA recovers money for victims of a £1.5m crypto investment fraud

2026-09-28T00:00:00+09:00

FCA secures money back for victims of crypto fraud FCA · Sep 28, 2026 · Enforcement · CryptoTopic evidence: 「persuading them to invest in fake cryptoasset opportunities through companies including CCX Capital and Astaria Group LLP」 The FCA obtained confiscation orders against Raymondip Bedi and Patrick Mavanga, who ran a fake cryptoasset investment scheme through companies including CCX Capital and Astaria Group LLP. At least 65 investors lost £1,541,799. Bedi was ordered to pay £603,404.28 and Mavanga £247,997.99, and the recovered funds will be returned to victims.

UK regulator reviews how it engages with whistleblowers

2026-10-06T00:00:00+09:00

Looking at how we interact with whistleblowers FCA · Oct 6, 2026The UK Financial Conduct Authority (FCA) expressed condolences after a whistleblower it had been in contact with for many years died. It said it closed 1,252 whistleblowing reports last year, with 42% leading to direct action to manage or reduce harm and 53% informing wider work and harm prevention. The FCA has asked independent non-executive director Lea Paterson to review how it interacted with this whistleblower and plans to share lessons early next year.

UK FCA proposes clearer redemption rules for long-term investment funds

2026-10-08T00:00:00+09:00

New rules to make long-term investment funds clearer FCA · Oct 8, 2026 · Draft / consultationThe FCA has set out clearer expectations for asset managers of funds investing in long-term assets such as property. Investors would have to give 90 days' notice to access their money, giving managers time to sell assets in an orderly way. Existing funds would have 2 years to comply and must give investors at least 1 year's notice.

FCA says strong compliance functions support trusted corporate finance markets

2026-10-08T00:00:00+09:00

Strong compliance functions support trusted corporate finance markets FCA · Oct 8, 2026 · ReportThe UK Financial Conduct Authority surveyed 411 corporate finance firms on their compliance resources and activities, receiving 382 responses. Most firms carried out key compliance activities, but gaps remained in practices that support compliance culture, such as safe whistleblowing channels, breach registers and including regulatory compliance in staff performance assessments. The FCA will engage further with selected firms on the adequacy and effectiveness of their compliance resources. The archived text and attachments run to about 51,009 characters; the summary is based only on the first 12,000. Check the original. 5 later passages mentioning crypto assets were also used to judge the topic.

Liam Coleman named permanent chair of the Financial Ombudsman Service

2026-10-09T00:00:00+09:00

Liam Coleman appointed as chair of the Financial Ombudsman Service FCA · Oct 9, 2026 · PersonnelThe FCA Board, with Treasury approval, has appointed Liam Coleman as permanent chair of the Financial Ombudsman Service for a three-year term starting 10 October 2026. He previously served as interim chair for one year. The Ombudsman resolves complaints between financial businesses and their customers.

Legal challenge to motor finance compensation scheme to be heard in February 2027

2026-10-13T00:00:00+09:00

Motor finance legal challenge to be heard in February 2027 FCA · Oct 13, 2026 · EnforcementThe UK Upper Tribunal will hear challenges to the FCA's motor finance compensation scheme from 16 to 26 February 2027. The scheme is partly suspended, but lenders must still follow the rules in force and progress complaints where possible. The FCA says it will defend the scheme robustly.

Two former staff at advice firms plead guilty to £2m client fraud

2026-10-13T00:00:00+09:00

Two plead guilty after clients lose £2m in fraud case FCA · Oct 13, 2026 · EnforcementKerry Nelson, director of Nexus IFA and Nexus IM, and Jacqueline Stephens, the firms' business operations manager, admitted all FCA charges at Portsmouth Crown Court, including fraud by abuse of position, using false documents, and Nelson's money laundering offence. They will be sentenced on 10 December 2026, and the FCA will seek confiscation of Nelson's criminal benefit.

UK regulator arrests three in operation against insider dealing crime ring

2026-10-13T00:00:00+09:00

Three arrests in major FCA operation against criminal insider dealing ring FCA · Oct 13, 2026 · EnforcementThe Financial Conduct Authority (FCA) and the National Crime Agency (NCA) jointly targeted a suspected organised criminal group involved in insider dealing and money laundering. On 13 October, three people were arrested and searches were carried out at five residential premises in London and Manchester, with over 30 devices seized. All three suspects are being interviewed by the FCA.

Jarvis Investment Management Limited enters special administration: the wealth manager has entered a legal insolvency process overseen by appointed administrators.

2026-10-15T00:00:00+09:00

Jarvis Investment Management Limited enters special administration FCA · Oct 15, 2026 · EnforcementOn 14 October 2026, FCA-authorised wealth manager Jarvis Investment Management Limited entered special administration, with Adam Stephens and Philip Hemming of S&W Partners LLP appointed as special administrators. The administrators will assess client money and custody assets, and clients cannot trade or use those assets during the process. Within 8 weeks of appointment, they will write to clients explaining how money and assets will be returned and how to make a claim. The Financial Services Compensation Scheme may cover eligible clients up to £85,000.

ePayments Systems Limited enters special administration

2026-10-15T00:00:00+09:00

ePayments Systems Limited enters special administration FCA · Oct 15, 2026 · EnforcementOn 15 October 2026, FCA-authorised e-money firm ePayments Systems Limited (EPS) entered special administration, with Mark Boast and Allister Manson of Opus Restructuring LLP appointed as joint special administrators. The special regime is similar to ordinary administration but also aims to return customer funds as soon as reasonably practicable and to engage with payment system operators and authorities, including the FCA. The administrators will gather information from creditors and customers and will explain how to make a claim later.

Revocation of LIBOR/EURIBOR-related bans

2026-10-16T00:00:00+09:00

LIBOR/EURIBOR-related bans FCA · Oct 16, 2026 · EnforcementThe FCA reviewed its regulatory action against individuals whose convictions were recently overturned by the Court of Appeal. Because these convictions formed the basis of the FCA's action, it has revoked the bans on Colin Bermingham, Philippe Moryoussef, Jonathan Mathew and Christian Bittar and removed the associated Final Notices from FCA channels. The FCA says it will take no further action against these individuals in this matter.

Building the future of finance in the age of AI: a speech by FCA chief data, information and intelligence officer Jessica Rusu

2026-10-19T00:00:00+09:00

Building the future of finance in the age of AI FCA · Oct 19, 2026 · SpeechA speech by Jessica Rusu, FCA chief data, information and intelligence officer, delivered at the Bloomberg UK Policy Series. It sets out the FCA's aim for safe and responsible AI adoption in financial services, centred on putting consumers first, clear accountability and planning for failure. The speech shares examples of good and poor AI practice and describes how the FCA is using AI in its own supervisory work.

Former CEO banned after misconduct caused about £4m losses in high-risk investments

2026-10-21T00:00:00+09:00

Former chief executive banned after misconduct led to £4m losses in high-risk investments FCA · Oct 21, 2026 · EnforcementThe FCA has banned Jeffrey Dawkins, former chief executive of Vector Wealth Ltd, from performing regulated functions and fined him nearly £270,000. The FCA found that after selling the firm in 2019 to a disqualified director, he remained formally in post while the buyer ran the company and used its authorised status to promote mini-bonds. Investors are expected to lose about £4 million. Kadir Kanizi was also banned from senior management roles and fined for failing to ensure consumers were properly warned of the risks. The archived text and attachments run to about 118,587 characters; the summary is based only on the first 12,000. Check the original.

Speech on deliberate regulatory reform by FCA deputy CEO at Investment Association dinner (20 Oct 2026)

2026-10-21T00:00:00+09:00

Reshaping regulation, deliberately FCA · Oct 21, 2026 · SpeechSarah Pritchard, deputy chief executive of the Financial Conduct Authority, gave this speech at the Investment Association Annual Dinner. It sets out the FCA's five-year strategy covering growth, smarter regulation, consumer help and fighting financial crime. The speech covers reforms to advice and guidance rules, the Consumer Duty, simplification of asset management rules, and fund tokenisation, and urges firms to share intelligence on financial crime early. The archived text and attachments run to about 407,288 characters; the summary is based only on the first 12,000. Check the original. 5 later passages mentioning crypto assets were also used to judge the topic.

FCA moves Leeds office to Wellington Place

2026-10-22T00:00:00+09:00

Leeds office move FCA · Oct 22, 2026The Financial Conduct Authority has signed an agreement for a new office at 2 Wellington Place, to become its long-term Leeds home from 2028. The new office offers 36,097 sq ft of space. The current Leeds office at 6 Queen Street has grown since opening in 2022.

Market integrity in a digital age: speech by FCA chief executive Nikhil Rathi at the City of London's annual City Dinner

2026-10-22T00:00:00+09:00

Market integrity in a digital age FCA · Oct 22, 2026 · SpeechFCA chief executive Nikhil Rathi, speaking at the Corporation of the City of London's annual City Dinner, argues that regulation must focus more on outcomes as technology accelerates. He calls for faster responses to system-wide risks and financial crime, and stronger partnerships between regulators, industry and government to protect market integrity without holding back innovation. The archived text and attachments run to about 12,675 characters; the summary is based only on the first 12,000. Check the original.

FCA restricts six Annex 1 lenders over anti-money laundering control concerns

2026-10-23T00:00:00+09:00

FCA restricts 6 firms following concerns over anti-money laundering controls FCA · Oct 23, 2026 · EnforcementThe FCA has placed voluntary restrictions on six unregulated Annex 1 lenders after raising concerns about their anti-money laundering policies, controls and procedures during application assessments. The restrictions limit taking on new customers and new business with existing customers, including extending credit. The action is part of the FCA's enhanced oversight of Annex 1 firms. The archived text and attachments run to about 36,551 characters; the summary is based only on the first 12,000. Check the original. 1 later passages mentioning crypto assets were also used to judge the topic.

Speech on regulating shared cross-border financial risks

2026-10-23T00:00:00+09:00

Beyond borders: Regulating the risks we share FCA · Oct 23, 2026 · SpeechFCA Chair Ashley Alder delivered the Michael D. Gill Lecture on regulating risks that cross borders, sectors and supply chains. He argues regulation should look beyond individual firms to shared dependencies such as cloud providers, climate perils and digital infrastructure. The speech calls for balancing simplification with resilience and for greater intelligence sharing, joint testing and international cooperation. The archived text and attachments run to about 61,961 characters; the summary is based only on the first 12,000. Check the original. 1 later passages mentioning crypto assets were also used to judge the topic.

UK regulator asks private market firms to manage conflicts of interest as they grow

2026-10-23T00:00:00+09:00

FCA calls on private market firms to manage conflicts of interest in line with rapid growth FCA · Oct 23, 2026 · ReportAn FCA review found private market firms vary in how well they identify and manage conflicts of interest. It noted good practice in governance, oversight and independent challenge, and recurring weaknesses in cross-fund transfers, multi-party transactions, gifts and entertainment, and information barriers. The FCA expects firms to identify, record, manage and disclose conflicts effectively and show that investors are treated fairly.

Chandler King (City) Limited enters creditors’ voluntary liquidation

2026-10-26T00:00:00+09:00

Chandler King (City) Limited enters creditors’ voluntary liquidation FCA · Oct 26, 2026 · EnforcementChandler King (City) Limited, an FCA-authorised independent financial adviser on investments and pensions, entered creditors’ voluntary liquidation on 17 September 2026. Grace Jones and Karyn Jones of Parker Andrews were appointed joint liquidators. The liquidators will assess client money and custody assets and work with the Financial Services Compensation Scheme (FSCS) on returning them to eligible clients.

FCA review on banking access for UK defence SMEs

2026-10-26T00:00:00+09:00

Defence SMEs need banking services that work FCA · Oct 26, 2026 · ReportThe FCA examined whether small and medium-sized defence businesses can access banking services efficiently. It found that the main issue is friction and delay in onboarding and decision-making rather than widespread exclusion. The publication says firms should take risk-based, proportionate decisions for individual customers and improve their management information.

Economic Secretary to the Treasury's speech at UK Digital Assets Week

2026-10-06T00:00:00+09:00

Economic Secretary to the Treasury speech for UK Digital Assets Week HMRC / gov.uk · Oct 6, 2026 · Speech · CryptoTopic evidence: 「Regulations I took through in February bring a broad range of cryptoasset activities within the FCA regulatory perimeter from 25 October 2027.」 The Economic Secretary to the Treasury gave a speech at UK Digital Assets Week arguing that the UK should move quickly to digitise its financial markets. The speech notes that HSBC and ClearToken have received approval to operate live digital securities depositories in the Digital Securities Sandbox, and that the government's Digital Gilt Instrument (DIGIT) is planned for a pilot issuance in the first quarter of 2027. It also outlines progress on the regulatory framework for cryptoassets and stablecoins. The archived text and attachments run to about 12,473 characters; the summary is based only on the first 12,000. Check the original.

Self Assessment deadline approaching: 100 days to go

2026-10-23T00:00:00+09:00

Self Assessment deadline incoming – 100 days to go HMRC / gov.uk · Oct 23, 2026 · GuidanceHM Revenue and Customs (HMRC) reminds taxpayers that the deadline for filing Self Assessment tax returns for the 2025 to 2026 tax year is 31 January 2027, with 100 days remaining. People can file early online via GOV.UK to find out what they owe, get refunds sooner and avoid penalties. The page also covers the paper filing deadline, pre-populated Winter Fuel Payment and High Income Child Benefit Charge details, and notes that gains from cryptoassets above the £3,000 allowance must be declared for Capital Gains Tax.