FCA faces four legal challenges to motor finance redress scheme
→Motor finance lenders must keep redress plans flexible until FCA confirms next steps
FCA
10 briefs
UK FCA sets fund tokenisation guidance and Direct to Fund rules
→Asset managers must map tokenised fund designs to FCA guidance
UK FCA charges Shaun Lawrence over unauthorised mortgage broking
→Mortgage networks must verify authorisation before regulated arranging
UK FCA opens cryptoasset pre-application meetings from May 11
→Crypto firms can request FCA authorisation meetings from May 11
FCA censures Sapia and mandates £19.6m client restitution
→Firms must enforce client-money segregation controls in account handling
UK FCA restricts LCM Family Limited from regulated activities and asset handling during administration
→Client-facing teams must stop all dealings with LCM — the firm cannot conduct regulated activities or handle assets without FCA approval
UK’s FCA and PRA streamline SM&CR, cut certification roles and extend filing timelines
→Compliance teams must update SM&CR certification scope and senior-manager application timelines
UK's FCA orders cease-and-desist at illegal peer-to-peer crypto sites
→Unregistered peer-to-peer crypto traders must stop operations immediately
UK FCA revises short selling reporting and notification rules
→Firms must follow extended reporting timelines and annual confirmations
UK FCA bars Bazar Money Transfer from payment services
→Firm cannot process regulated remittance transactions