Press releases

Unauthorised firm and directors to pay restitution to consumers

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The High Court has consented to an order by which Samuel Golding, Shantelle Golding, Digital Wealth Limited and Outsourcing Express Limited will pay funds held by them to the Financial Conduct Authority (FCA) for distribution to investors. The funds were raised by the defendants in unauthorised investment schemes operated by them.  

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FCA publishes Annual Report and Accounts 2018/19

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The Financial Conduct Authority (FCA) has today published its Annual Report and Accounts, which looks back on the key pieces of work undertaken by the organisation throughout 2018/19.

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FCA proposes ban on sale of crypto-derivatives to retail consumers

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The Financial Conduct Authority (FCA) is proposing rules to address harm to retail consumers from the sale of derivatives and exchange traded notes (ETNs) referencing certain types of cryptoassets.

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FCA confirms permanent restrictions on the sale of CFDs and CFD-like options to retail consumers

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Following consultation feedback, the Financial Conduct Authority (FCA) is confirming new rules restricting the sale, marketing and distribution of CFDs and CFD-like options to retail customers.

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New Chairs of the Financial Conduct Authority’s Practitioner Panel and Markets Practitioner Panel announced today

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The Financial Conduct Authority Chair, Charles Randell, has today announced the appointments of new Chairs for the FCA’s independent Practitioner Panel and Markets Practitioner Panel.

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Two found guilty of insider dealing

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Today Fabiana Abdel-Malek was sentenced to 3 years’ imprisonment and Walid Choucair sentenced to 3 years’ imprisonment in respect of five offences of insider dealing. Fabiana Abdel-Malek and Walid Anis Choucair were each convicted over the course of the past three days of insider dealing following an eleven week trial brought by the Financial Conduct Authority (FCA) at Southwark Crown Court.

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FCA launches review of the Credit Information Market

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The Financial Conduct Authority (FCA) has today launched a market study to examine how the credit information market operates and the impact it has on consumers.

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FCA fines Bank of Scotland for failing to report suspicions of fraud at HBOS Reading

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The Financial Conduct Authority (FCA) has today fined Bank of Scotland (BOS) £45,500,000 for failures to disclose information about its suspicions that fraud may have occurred at the Reading-based Impaired Assets (IAR) team of Halifax Bank of Scotland.

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Independent reviews of Interest Rate Hedging Products and the Connaught Income Fund Series 1

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The FCA has appointed Independent Reviewers for the lessons learned reviews commissioned by the FCA’s Board. One review will cover the redress scheme for Interest Rate Hedging Products and the other will cover the regulation of firms involved with the Connaught Income Fund Series 1.

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FCA publishes its first annual report on the perimeter

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The Financial Conduct Authority has today published its first annual perimeter report.

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