Tag: Financial Conduct Authority

The UK's top financial markets watchdog has ordered Buy2LetCars and Rent2OwnCars owner Raedex to halt operations.

A UK regulator has moved to toughen up the playbook for buy now pay later (BNPL) companies, which has been welcomed by the PwC.

The buy now pay later sector may have had its best year ever in 2020, but now the UK’s top financial watchdog is calling for stricter rules “to protect consumers”.

Having been found guilty of inside trading in June 2019, a former day trader has now been ordered by Southwark Crown Court to pay £3.9m via a consent confiscation order.

The UK's top financial watchdog has warned firms to not forget to regularly reviewer regulatory permissions or risk having their licence to operate cancelled.

The UK's top financial watchdog investigated 47 unauthorised businesses in 2020, ensuring the return of almost £6m to consumers.

The UK Supreme Court has ruled that policyholders should have their coronavirus losses covered by insurers and the InsurTech industry is welcoming the decision.

Challenger banks Monzo and Starling Bank led the list that provided the best service among the UK's 19 largest personal account providers, according to new research from British regulators.

Almost 4,000 regulated firms in the UK were at risk of failing in October and 59% of companies believe Covid-19 will have an adverse effect on their business, according to research from a City watchdog.

An experienced trader at Fenician Capital Management has been slammed with a £100,000 fine and prohibited from working in any regulated activity after allegedly engaging in market abuse.