Financial Conduct Authority

In the past 7 days we issued 15 warnings about unauthorised or clone firms.   Protect yourself and find all recent warnings fca.org.uk/consumers/unautho… #FCAWarnings #FinancialRegulation

ESG ratings generally assess how companies or other entities, assets, or financial products perform against environmental, social and governance criteria. Firms providing ESG ratings in the UK will need our authorisation by 29 June 2028. fca.org.uk/news/press-releas… #FCAGrowth #FinancialRegulation #ESG

Almost 9 out of 10 (89%) car finance customers who've complained or are considering it want the choice of an offer of compensation before legal challenges to our compensation scheme conclude. We support lenders making settlement offers, as long as customers are offered no less than they would receive through the scheme. Read more fca.org.uk/news/press-releas… #CarFinance #MotorFinance

In the past 7 days we issued 14 warnings about unauthorised or clone firms.   Protect yourself and find all recent warnings fca.org.uk/consumers/unautho… #FCAWarnings #FinancialRegulation

We’ve secured High Court undertakings to ensure global crypto exchange HTX will not knowingly promote cryptoasset services unlawfully to UK consumers. HTX is no longer active in the UK. UK users should visit its website for information about the availability of its services and arrangements for withdrawing any residual assets. fca.org.uk/news/press-releas… #FightingFinancialCrime #Crypto #Cryptoassets #FinancialRegulation

We’ve restricted 6 unregulated lenders after raising concerns over their anti-money laundering controls. The restrictions were imposed on each firm’s request and limit their ability to take on new customers or do new business with existing customers. Annex 1 firms must show they can manage the money laundering risks they face. fca.org.uk/news/press-releas… #FinancialRegulation #FightingFinancialCrime

Rising mortgage rates and energy bills are making it harder to keep up with repayments. If you’re struggling, contact your lender. They must offer support tailored to your situation. They may reduce or pause your payments, change your loan terms or direct you to free debt advice. bbc.co.uk/news/articles/c84g… #HelpingConsumers #FinancialServices

In the past 7 days we issued 19 warnings about unauthorised or clone firms.   Protect yourself and find all recent warnings fca.org.uk/consumers/unautho… #FCAWarnings #FinancialRegulation

Speaking at Mansion House, Nikhil Rathi set out how we need to adapt as technology transforms financial markets. That means investing in data and technology, using our powers effectively and working in partnership to maintain trust and market integrity. fca.org.uk/news/speeches/mar… #FinancialServices #FinancialRegulation #SmarterRegulator

We’ve banned former Vector Wealth CEO Jeffrey Dawkins after his misconduct led to £4m losses in high-risk investments. He falsely told us he remained in control of the firm, allowing its authorised status to make high-risk mini-bonds appear safer than they were. Former senior manager Kadir Kanizi has also been fined and banned. Mini-bonds are high risk investments and not suitable for most people. Read more fca.org.uk/news/press-releas… #FightingFinancialCrime #FinancialRegulation

In the past 7 days we issued 16 warnings about unauthorised or clone firms.   Protect yourself and find all recent warnings fca.org.uk/consumers/unautho… #FCAWarnings #FinancialRegulation

How can agentic AI and data science help us become a smarter regulator? Our Chief Data, Information & Innovation Officer Jessica Rusu spoke to @HoCcommitteesUK about using technology and data to identify issues sooner, intervene faster and act at greater scale. #SmarterRegulator #FinancialServices #FinancialRegulation #AI

In a joint operation with @NCA_UK, 3 individuals were arrested following a major operation to disrupt a suspected organised criminal group for insider dealing and money laundering. More than 100 FCA and NCA staff took part in searches at 5 residential premises in London and Manchester. Mobile phones, laptops, and tablets were seized by FCA investigators. Working with partners, we’ll continue to use all the powers at our disposal to crack down on serious and organised crime groups involved in market abuse. fca.org.uk/news/press-releas… #FightingFinancialCrime #FinancialRegulation

Two people who worked at financial advice firms have pleaded guilty to fraud after 4 clients lost £2m. Director of Nexus Independent Financial Advisors and Investment Managers Ltd, Kerry Nelson and the firms’ business operations manager, Jacqueline Stephens, admitted charges of defrauding clients between January 2019 and January 2023, using false documents as part of the fraud. Kerry Nelson has also admitted a money laundering offence after money was withdrawn from the firms, which she used to fund her extravagant lifestyle. Both will be sentenced at Portsmouth Crown Court in December. fca.org.uk/news/press-releas… #FightingFinancialCrime #FinancialRegulation

The Upper Tribunal has confirmed it will hear the legal challenges to our motor finance compensation scheme between 16 to 26 February 2027. Our scheme is the quickest, fairest and most efficient way to compensate consumers and we'll defend it robustly. #CarFinance #MotorFinance fca.org.uk/news/statements/m…

In the past 7 days we issued 96 warnings about unauthorised or clone firms.   Protect yourself and find all recent warnings fca.org.uk/consumers/unautho… #FCAWarnings #FinancialRegulation

New research from @WhichUK has found examples of firms on our Warning List advertising on major online platforms, underlining the need for tech firms to protect consumers by doing more to tackle illegal financial promotions and scams.