Compound Growth

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• 22/12/2014:   Press Release: Seven additional financial benchmarks to be regulated by FCA
• 22/12/2014:   CP 14/32: Bringing additional benchmarks into the regulatory and supervisory regime
• 19/12/2014:   CP 14/31: Strengthening accountability in banking: forms, consequential and transitional aspects
• 19/12/2014:   PRA CP 28/14: Strengthening Accountability in Banking
• 18/12/2014:   Press Release: Debt management firm Harrington Brooks to pay redress to 4,500 customers
• 18/12/2014:   Final Notice: Collingwood Mourton Associates Ltd authorisation cancelled for breach of threshold conditions
• 17/12/2014:   Press Release: Defined contribution workplace pensions: the audit of charges and benefits in legacy schemes
• 16/12/2014:   TR 14/21: Retail investment advice: Adviser charging and services
• 16/12/2014:   Post-implementation review of the Retail Distribution Review
• 16/12/2014:   Press Release: Early indications that reforms of financial advice are working
• 15/12/2014:   Press Release: Former Blackrock M.D., Jonathan Paul Burrows, banned for fare evasion during his commute to work
• 15/12/2014:   Final Notice: Jonathan Paul Burrows prohibited from performing any function in relation to any regulated activities
• 12/12/2014:   Final Notice: Leanne Marie Nicholson prohibited from performing any function in relation to any regulated activies
• 12/12/2014:   CP 14/30: Improving complaints handling
• 12/12/2014:   CP 14/29: Guaranteed Asset Protection insurance: a competition remedy
• 12/12/2014:   Press Release: FCA consults on complaints handling improvements
• 12/12/2014:   Press Release: FCA proposals to tackle issues in GAP insurance market
• 12/12/2014:   Final Notice: Michael Stanley Hirst prohibited from performing any function in relation to any regulated activities
• 11/12/2014:   TR 14/20: Annuities sales practice
• 11/12/2014:   MS 14/3: Retirement income market study
• 11/12/2014:   Occasional Paper No. 5: The value for money of annuities and other retirement income strategies in the UK
• 08/12/2014:   CP 14/28: MIPRU Simplification
• 05/12/2014:   Final Notice: Imperial Escrow Ltd authorisation cancelled
• 05/12/2014:   CP 14/27: Quarterly Consultation Paper Number 7
• 05/12/2014:   FCA Enforcement Conference
• 01/12/2014:   GC 14/9: Multilateral Trading Facilities (MTFs) - Dear CEO Letter and Good FCA Practice
• 01/12/2014:   PS 14/18: Credit broking and fees
• 28/11/2014:   PRA CP 27/14: CRD IV - Liquidity
• 27/11/2014:   PS 14/17: Retirement Reforms and the Guidance Guarantee
• 27/11/2014:   CP 14/26: Regulatory fees and levies: policy proposals for 2015/16
• 27/11/2014:   FG 14/9: Primary Market Bulletin number 7
• 27/11/2014:   GC 14/8: Primary Market Bulletin number 9
• 26/11/2014:   CP 14/25: Changes to the approved persons regime for Solvency II firms
• 26/11/2014:   PRA CP 26/14: Sennior Insurance Managers Regime: A New Regulatory Framework for Individuals
• 25/11/2014:   Final Notice: Coffin Insurance Services authorisation cancelled
• 25/11/2014:   MS 14/6: Credit card market study
• 24/11/2014:   TR 14/19: Wealth management and private banks: conflicts of interest - in-house investment products
• 24/11/2014:   PRA CP 25/14: The PRA Rulebook: Part 2
• 21/11/2014:   Final Notice: Coffin Insurance Services’ permission cancelled for failure to submit a regulatory return
• 21/11/2014:   PRA CP 24/14: Solvency II: further measures for implementation
• 20/11/2014:   Final Notice: RBS, NatWest and Ulster Bank fined £42,000,000 for IT failings
• 17/11/2014:   Final Notice: Chase de Vere fined £560,000 for poor sales practices in relation to Keydata products
• 17/11/2014:   TR 14/18: Complaint handling
• 14/11/2014:   GC 14/7: Proposed guidance on financial crime systems and controls
• 14/11/2014:   TR 14/17: Managing bribery and corruption risk in commercial insurance broking
• 14/11/2014:   TR 14/16: How small banks manage money laundering and sanctions risk
• 12/11/2014:   Final Notice: HSBC Bank Plc
• 12/11/2014:   Final Notice: Citibank N.A.
• 12/11/2014:   Final Notice: J P Morgan
• 12/11/2014:   Final Notice: RBS
• 12/11/2014:   Final Notice: UBS AG
• 11/11/2014:   PS 14/16: Detailed rules for the price cap on high cost short term credit
• 11/11/2014:   Press Release: UBS fined £233,814,000 for failure to adequately control its FX trading operations
• 11/11/2014:   Press Release: RBS fined £217,000,000 for failure to adequately control its FX trading operations
• 11/11/2014:   Press Release: J P Morgan Chase fined £222,166,000 for failure to adequately control its FX trading operations
• 11/11/2014:   Press Release: HSBC fined £216,363,000 for failure to adequately control its FX trading operations
• 11/11/2014:   Final Notice: Citibank fined £225,575,000 for failure to adequately control its FX trading operations
• 07/11/2014:   PS 14/15: Removing the transparency directive’s requirement to publish interim management statements
• 07/11/2014:   PS 14/14: CRD IV - Changes to EBA high earners and benchmarking information reports
• 05/11/2014:   Press Release: Peter Joseph Halpin fined £412,700 for failing to take reasonable steps to ensure Swinton complied with regulations
• 05/11/2014:   Press Release: Nicholas Bowyer fined £306,700 for failing to exercise due skill care and diligence at Swinton
• 05/11/2014:   Press Release: Anthony Peter Clare fined £208,600 for failing to exercise due skill care and diligence at Swinton
• 30/10/2014:   CP 14/24: Changes in workplace personal pension schemes
• 29/10/2014:   CP 14/23: Restrictions on the retail distribution of regulatory capital instruments
• 29/10/2014:   Press Release: Sesame fined £1,598,000 for undermining the objectives of the Retail Distribution Review
• 28/10/2014:   Press Release: Yorkshire Building Society fined £4,135,600 for failings in relation to its handling of mortgage arrears
• 28/10/2014:   FS 14/2: Feedback Statement on project innovate
• 14/10/2014:   FS 14/1: Feedback on CP 12/13 - Solvency II - COBS rule changes
• 09/10/2014:   Closing date for comments on MS 14/4
• 09/10/2014:   Press Release: Pritchard Stockbrokers would have been fined £4,932,600 for recklessly failing to protect client assets
• 09/10/2014:   Press Release: David Welsby would have been fined £50,400 for failing to provide adequate protection of client assets at Pritchard
• 09/10/2014:   Press Release: David Gillespie would have been fined £100,800 for failing to provide adequate protection of client assets at Pritchard
• 02/10/2014:   CP 14/22: Guidance on the FCA’s registration function under the Co-operative and Commuinity Benefit Societies Act 2014
• 01/10/2014:   FG 14/8: Guidance on the Financial Policy Committee’s recommendation on loan to income ratios in mortgage lending
• 29/09/2014:   PS 14/13: Changes to regulatory reporting: Adviser charging and product sales data
• 26/09/2015:   CP 14/21: Feedback and Policy Statement on CP 14/02 - consultation on joint sponsors and sponsor conflicts
• 25/09/2014:   CP 14/20: Implementing the Mortgage Credit Directive and the new regime for second charge mortgages
• 24/09/2014:   Final Notice: Andrew Barlas would have been fined £80,000 for knowingly submitting two false mortgage applications
• 24/09/2014:   Traded life policy investments: alert for financial advisers
• 23/09/2014:   Final Notice: Barclays fined £37,745,000 for failing to arrange adequate protection for clients’ safe custody assets
• 22/09/2014:   CP 14/19: CRD IV - EBA high earners and benchmarking information report
• 16/09/2014:   Final Notice: Peter Thomas Carron fined £300,000 for procuring investments from his clients into companies that he controlled
• 15/09/2014:   Final Notice: EPLS Risk Solutions Limited’s permission cancelled for failing to submit a regulatory return
• 11/09/2014:   TR 14/15: Mobile banking and payments
• 05/09/2014:   CP 14/18: Quarterly consultation number 6
• 29/08/2014:   TR 14/14: Redress for PPI mis-sales
• 29/08/2104:   Final Notice: Craig Stuart Cameron fined £350,000 for marketing unregulated collective investment schemes to retail customers
• 28/08/2014:   Final Notice: Douglas Caroll‘s permission cancelled for failing to submit a regulatory return
• 28/08/2014:   Press Release: FSA fines spread bet broker £490,000 for transaction reporting failures
• 28/08/2014:   Press Release: Deutsche Bank fined £4,718,800 for inaccurate transaction reporting
• 27/08/2014:   Press Release: RBS and NatWest fined £14,474,600 for serious failings in their advised mortgage business
• 26/08/2014:   CP 14/17: Early implementation of the Transparency Directive’s requirements for reports on payments to governments
• 26/08/2014:   CP 14/16: Proposed rules for independent governance committees
• 14/08/2014:   Final Notice: UK2PK Limited’s registration cancelled for failing to submit a regulatory return
• 14/08/2014:   Final Notice: Codeway Finance Limited’s registration cancelled for failing to submit a regulatory return
• 14/08/2014:   Final Notice: Al-Noor Corporation Limited’s registration cancelled for failing to submit a regulatory return
• 07/08/2014:   Press Release: Stonebridge International Insurance Limited fined £8,373,600 for failing to treat customers fairly
• 06/08/2014:   FG 14/7: Primary Market Bulletin number 6 & number 7
• 06/08/2014:   CP 14/16: Proposed rules for independent governance committees
• 06/08/2014:   GC 14/6: Social media and customer communications: The FCA’s supervisory approach to financial promotions
• 06/08/2014:   GC 14/5: Primary Market Bulletin number 8
• 05/08/2014:   GC 14/4: Guidance on the Financial Policy Committee’s recommendation on loan to income ratios in mortgage lending
• 04/08/2014:   PS 14/12: A new capital framework for SIPP operators
• 01/08/2014:   CP 14/15: Recovery and Resolution Directive
• 31/07/2014:   TR 14/13: Best Execution and Payment for Order Flow
• 30/07/2014:   CP 14/14: Strengthening the alignment of risk and reward: New remuneration rules
• 30/07/2014:   CP 14/13: Strengthening accountability in banking: A new regulatory framework for individuals
• 28/07/2014:   Final Notice: Lloyds Bank plc and Bank of Scotland plc fined £105,000,000 for manipulating submissions to benchmark interest rates
• 24/07/2014:   MS 14/1: General insurance add-ons market study
• 23/07/2014:   CP 14/12: Removing the Transparency Directive’s requirement to publish interim management statements
• 23/07/2014:   Final Notice: Investments Limited would have been fined £621,583 but for its financial position
• 23/07/2014:   Final Notice: Financial Limited would have been fined £12,589,134 but for its financial position
• 21/07/2014:   TR 14/12: Enhanced transfer value pension transfers
• 21/07/2014:   CP 14/11: Retirement reforms and the guidance guarantee
• 18/07/2014:   MS 14/5: Joint FCA/CME SME banking market study
• 17/07/2014:   Press Release: Ian Charles Hannam fined £450,000 for two market abuse offences
• 16/07/2014:   TR 14/11: Price comparison websites in the general insurance sector
• 15/07/2014:   CP 14/10: Proposals for a price cap on high cost short term credit
• 11/07/2014:   TR 14/10: Developments in the distribution of retail investments: Purchasing investments without a personal recommendation
• 11/07/2014:   GC 14/3: Retail Investment Advice: Clarifying the boundaries and exploring barriers to market development
• 10/07/2014:   DP 14/3: The use of dealing commission regime
• 10/07/2014:   Annual Report 2013/2014
• 09/07/2014:   MS 14/4: Wholesale sector competition review
• 07/07/2014:   DP 14/2: Fairness of changes to mortgage contracts
• 04/07/2014:   Closing date for responses to GC 14/2
• 03/07/2014:   PS 14/11: FCA regulated fees and levies
• 01/07/2014:   PS 14/10: Client money held in Individual Savings Accounts and feedback to CP 14/9
• 30/06/2014:   First COREP returns due
• 23/06/2014:   DP 14/1: Recovering the costs of administering the regulatory gateway through application fees
• 20/06/2014:   FC 14/6: Annuity comparison websites - financial promotions review and guidance for firms
• 16/06/2014:   Final Notice: Credit Suisse International fined £2,398,100 for misleading financial promotions
• 16/06/2014:   Press Release: Yorkshire Building Society fined £1,429,000 for misleading financial promotions
• 12/06/2014:   Effective today: The FCA’s ‘Financial Crime: a Guide for Firms’ - FC Part 1 | FC Part 2
• 12/06/2014:   FG 14/5: Examples of good and poor practice in ‘Banks’ control of financial crime risk in trade finance
• 11/06/2014:   CP 14/9: Client money help in ISAs
• 10/06/2014:   PS 14/9: Review of the client assets regime for investment business
• 06/06/2014:   CP 14/8: Quarterly consultation number 5
• 06/06/2014:   Closing date for responses to the remainder CP 14/5
• 29/05/2014:   CP 14/:- Consumer Credit interim permission fees for local authorities
• 27/05/2014:   FCA calls on insurance intermediaries to manage conflicts better
• 27/05/2014:   TR 14/9: Commercial insurance intermediaries - conflicts of interest and intermediary remuneration
• 23/05/2014:   Final Notice: Barclays fined £26,033,500 for failings surrounding the London Gold Fixing
• 23/05/2014:   Final Notice: Daniel Plunkett fined £95,600 for market manipulation in relation to the London Gold Fixing
• 22/05/2014:   TR 14/8: Insurers’ management of claims - household and retail travel
• 16/05/2014:   Press Release: FCA says consumer credit firms must raise advertising standards
• 16/05/2014:   PS 14/8: Enhancing the effectiveness of the Listing Regime (feedback to CP 13/15)
• 15/05/2014:   FCA warns about TimeBinary, who it believes has been conducting unauthorised investment business in the UK!
• 15/05/2014:   Martin Brokers (UK) Ltd fined £630,000 for LIBOR related misconduct
• 13/05/2014:   FCA reviews how fund charges are set out
• 08/05/2014:   PS 14/7: Changes to the use of dealing commission rules (feedback on CP 13/7)
• 08/05/2014:   Catalyst Fund Management’s permission cancelled for failure to pay FCA fees
• 08/05/2014:   Autopromotions Insurance Services’s permission cancelled for failure to pay FCA fees
• 08/05/2014:   GC 14/2: Consultation on revision of the Transaction Reporting Users Pack (TRUP)
• 06/05/2014:   Closing date for responses to the remainder for CP 14/4
• 06/05/2014:   FG 14/4: Changing customers to post RDR unit classes
• 02/05/2014:   PS 14/6: Competition in the Markets for Services Provided by a Recognised Investment Exchange (feedback on CP 13/16)
• 30/04/2014:   Closing date for responses to CP 14/2
• 29/04/2014:   John Christopher Hughes banned for failings in his supervision of Kweku Mawuli Adoboli
• 26/04/2014:   Effective today: Mortgage Market Review changes go live
• 24/04/2014:   Invesco Perpetual fined £18,643,000 for mis-management of funds
• 17/04/2014:   Timothy Adrian Hughes and Andrew Charles Rees banned and fined £490,100 in relation to unsuitable advice on pension investments.
• 09/04/2014:   FG 14/3: Budget 2014 - Pension reforms: guidance to firms in the interim period
• 09/04/2014:   FCA cancels The Zim Shop Limited’s regulatory permission for failure to submit its FSA056 return
• 07/04/2014:   TR 14/7: Clarity of fund charges
• 07/04/2014:   TR 14/6: Supervising Retail Investment Firms: being clear about adviser charges and services
• 07/04/2014:   CP 14/5 - Closing date for responses to Q6, 7, 8, 11, 12
• 04/04/2014:   CP 14/4 - Closing date for responses to chapter 5
• 03/04/2014:   David Lloyd Wren banned and fined £70,000 for misappropriation of insurance premiums
• 01/04/2014:   Press Release: FCA takes over regulation of consumer credit from the Office of Fair Trading
• 01/04/2014:   Video: FCA First Anniversary
• 31/03/2014:   FCA announces its Annual Risk Outlook and Business Plan for 2014/15
• 31/03/2014:   CP 14/6: FCA regulated fees and levies: rates proposals 2014 / 15
• 28/03/2014:   PS 14/5: Response to CP 12/38 - Mutuality and with-profits funds: a way forward
• 27/03/2014:   Final Notice: Philip Eley banned and fined £7,200 for falsifying evidence of no claim discounts
• 24/03/2014:   Final Notice: Santander UK fined £12,377,800 for failings in the provision of financial advice
• 20/03/2014:   TR 14/5: Supervising retail investment firms: delivering independent advice
• 20/03/2014:   FCA fines Mark Stephenson £662,700 for manipulating Gilt prices on 10 October 2011
• 19/03/2014:   Press Release: FCA fines Besso limited £315,000 for anti bribery and corruption failings
• 14/03/2014:   Closing date for responses to CP 14/3
• 11/03/2014:   General Insurance Add-Ons Market Study
• 11/03/2014:   SME banking market study
• 07/03/2014:   CP 14/5: Changes to regulatory reporting
• 06/03/2014:   PS 14/4: Regulatory approach to crowd funding and non-readily realisable securities
• 06/03/2014:   CP 14/4: Quarterly consultation Paper
• 04/03/2014:   TR 14/4: Risks to customers from financial incentives
• 03/03/2014:   Review of implementation of platform rules
• 28/02/2014:   PS 14/3: Final Rules for Consumer Credit firms
• 28/02/2014:   CP 14/3: Consumer Credit - further amendments to DEPP and EG
• 27/02/2014:   Final Notice: FCA bans former CEO of CIB Partners Ltd
• 26/02/2014:   Press Release: FCA fines FXCM UK £4,000,000 for making unfair profits and not being open with the FCA
• 25/02/2014:   TR 14/3: Mortgage lenders’ arrears management and forbearance
• 25/02/2014:   Closing date for responses to CP 13/14
• 17/02/2014:   Closing date for responses to CP 14/1
• 14/02/2014:   GC 14/1: Annuity Comparison Websites
• 14/02/2014:   TR 14/2: Review of Annuities
• 14/02/2014:   Retirement Income Market Study
• 14/02/2014:   Press Release: FCA gets fraudster, Benjamin Wilson, jailed for 7 years
• 13/02/2014:   Press Release: Homeserve fined £30,000,000 for widespread failings
• 12/02/2014:   EMIR: Details of derivatives contracts must be reported to recognised trade repositories
• 10/02/2014:   TR 14/1: Transition Management Review
• 06/02/2014:   Closing date for responses to the remainder for CP 13/18
• 05/02/2014:    Closing date for responses for CP 13/15
• 31/01/2014:   Final Notice: FCA fines State Street UK £22,900,000 for Transitions Management failings
• 31/01/2014:   PS 14/2: Incoming Statutory Regime for Primary Information Proividers
• 31/01/2014:   PS 14/1: referrals to discretionary investment managers and adviser complaints reporting
• 31/01/2104:   FG 14/2: General guidance on the AIFM Remuneration Code
• 31/01/2014:   Closing date for responses to CP 13/16
• 30/01/2014:   Press Release: Ewan King -Adviser banned and fined for fabricating RDR qualification certificate
• 30/01/2014:   CP 14/2: Proposed amendments to the listing rules
• 29/01/2014:   Press Release: FCA bans former BGC senior executive
• 27/01/2014:   Press Release: £31,000,000 to be paid to Arch Cru consumers
• 23/01/2014:   Press Release: FCA fines Standard Bank £7,600,000 for failures in anti-money laundering controls
• 20/01/2014:   CP 14/1: FSCS management expenses levy limit.
• 17/01/2014:   Closing date for responses to Chapter 2 CP 13/18
• 16/01/2014:   FG 14/1: Supervising retail investment advice: inducements and conflicts of interest
• 06/01/2014:   Closing date for responses to CP 13/14
• 01/01/2014:   CRD IV - The Capital Requirement Regulations take effect

2014 Regulatory News