Regulatory

Elevate Credit International Limited (ECIL), a payday lender which sold loans under the Sunny brand, has gone into administration in the UK with Ed Boyle and David Pike of KPMG appointed as administrators of the firm. The lender has blamed its financial difficulties on the coronavirus pandemic, as w

New research by the Financial Conduct Authority (FCA) has found that 2.6 million people in the UK have purchased cryptoassets at some point, marking a 1.1 million increase in buyers since last year.

The Financial Conduct Authority (FCA) is seeking views on establishing a new prudential regime for UK investment firms.

The Financial Conduct Authority (FCA) has launched a consultation on proposals that are designed to promote value for money for the members of workplace personal pension schemes. These proposals aim to make it easier for Independent Governance Committees (IGCs) and Governance Advisory Arrangements (

The Financial Conduct Authority (FCA) is reminding businesses which carry out cryptoasset activity in the UK, that they have to be registered with the FCA to comply with new regulations. To ensure that applications are processed on time the FCA requires firms to submit completed appli

Nikhil Rathi has been appointed as the new permanent chief executive of the Financial Conduct Authority (FCA). 

The Financial Reporting Council (FRC) has announced that Simon Fraser has been appointed as the chair of the Pre-Emption Group (PEG). Mr Fraser has been a longstanding member of the PEG and has a long and distinguished career in investment management and corporate roles, including his current role a

The Financial Conduct Authority (FCA) has announced that credit card, store card, catalogue credit and personal loan customers will be allowed to defer repayments for a further three months. 

The Financial Conduct Authority (FCA) has announced proposals to make permanent its ban on the mass-marketing of speculative illiquid securities, including speculative mini-bonds, to retail investors. The FCA introduced the ban without consultation in January following concerns that speculative mini

Firms must do more to ensure they are always giving appropriate advice to equity release consumers, a review conducted by the Financial Conduct Authority (FCA) has found. 

The Financial Reporting Council (FRC) ) has issued imposed non-financial sanctions on KPMG in relation to the statutory audits of the financial statements of Foresight 4 VCT plc. The sanctions have been imposed for the KPMG's audits of the company for the 2012/2013, 2013/2014 and 2014/2015 financial

The Financial Conduct Authority (FCA) has fined Lloyds Bank, Bank of Scotland and The Mortgage Business a total of £64,046,800 for failures in relation to their handling of mortgage customers in payment difficulties or arrears.

The Financial Conduct Authority (FCA) has set out a package of measures designed to address weaknesses across the defined benefit (DB) transfer market. It includes steps to reduce conflicts of interest by banning contingent charging, as well as help for advisers who want to do the right thing and pr

The Financial Conduct Authority (FCA) has said that insurance firms must consider the impact of coronavirus when assessing the value of their insurance products. The guidance sets out what the FCA considers firms should be doing to identify any material issues that affect the value of the gener

The Financial Conduct Authority (FCA) has confirmed that holiday payments for mortgage customers will be extended until the end of October this year in a bid to combat the financial impacts of the coronavirus crisis.  The FCA has confirmed that customers still experiencing temporary payment dif