Financial Conduct Authority
Coverage of Financial Conduct Authority in the Nexus archive.
- Boost City regulator’s powers to help protect UK consumers from AI, says watchdog
The Financial Conduct Authority (FCA) has called for stronger regulatory powers to protect UK consumers from AI risks in financial services. A review highlighted increased threats of cybercrime and fraud as companies shift toward AI-enabled services by 2030.
- Boost City regulator’s powers to help protect UK consumers from AI, says watchdog
The Financial Conduct Authority (FCA) has called for stronger regulatory powers to protect UK consumers from AI-related risks, including cyber-crime and fraud, as AI reshapes financial services by 2030. The review highlights a shift from human-led to AI-enabled services in the sector.
- FCA Finalizes Landmark Crypto Rules to Make UK a 'Global Hub'
The UK's Financial Conduct Authority (FCA) has finalized landmark rules for cryptocurrency firms, aiming to position the UK as a global hub for crypto innovation. The mandatory regulatory regime will come into effect by late 2027.
- Tuesday briefing: Inside Shabana Mahmood’s new UK asylum reforms
UK Home Secretary Shabana Mahmood announced asylum reforms requiring asylum seekers to pay £10,000 for state-funded living costs or face denied settled status, a policy criticized by refugee charities. The reforms also aim to accelerate safe legal asylum routes like employer sponsorship to address political criticism. Additional updates include Andy Burnham's political blueprint, new crypto regulations in the UK, and a shooting in Germany.
- Crypto firms operating in UK to be subject to sweeping new rules
The UK's Financial Conduct Authority (FCA) will require crypto firms to demonstrate resilience to market shocks and hold capital against risky assets starting October next year. The regulations aim to increase oversight of the crypto industry, which has gained popularity through social media influencers and a legitimisation drive under US President Donald Trump.
- UK regulator waters down landmark crypto rules
The UK's Financial Conduct Authority (FCA) has relaxed capital and disclosure requirements for digital assets after industry complaints that the new rules were overly burdensome. The changes aim to ease the regulatory burden on crypto firms.
- UK sets final crypto rules as firms face 2027 FCA authorization deadline
The UK’s financial regulator has published its crypto regulatory framework, setting the authorization deadline for cryptocurrency firms for February 2027.
- UK sets capital, market abuse rules in landmark crypto framework
The UK's Financial Conduct Authority (FCA) has finalized cryptocurrency rules addressing capital requirements, stablecoins, and market abuse, with implementation set for October 2027. The framework marks a significant regulatory step for the crypto industry in the UK.
- FCA closes investigation into Drax over biomass sourcing
The Financial Conduct Authority (FCA) closed a 10-month investigation into Drax, a power generator, regarding its biomass sourcing practices. The FCA reviewed thousands of pages but found no evidence to justify further action.
- Rathbones Shares Plunge on £60 Million Hit From FCA Review
Rathbones shares experienced a significant drop due to a £60 million financial impact from a Financial Conduct Authority (FCA) review.
- UK financial regulator floats allowing 10% crypto allocations for retail funds
The UK's Financial Conduct Authority is considering allowing retail funds to allocate up to 10% to crypto if it aligns with their disclosed investment objectives. The proposal aims to provide limited exposure to cryptocurrency within retail-focused investment products.
- FCA sues Neil Woodford for allegedly offering unauthorised investment advice
The UK Financial Conduct Authority is suing Neil Woodford and his UAE-registered company W4.0 for allegedly offering unauthorized investment advice. The FCA seeks an injunction to prevent them from engaging in 'potentially unlawful activities' following Woodford's prior ban from senior financial roles.
- Beware 'money tips' adverts about motoring finance that promote claims management firms, says FCA
The Financial Conduct Authority (FCA) warns the public to be cautious of 'money tips' advertisements promoting claims management firms in the context of motoring finance. These ads are highlighted as potential risks requiring consumer vigilance.
- Bank boss contests FCA fine for not revealing Venezuela and US penalties
BancTrust’s Carlos Fuenmayor is contesting a Financial Conduct Authority (FCA) fine for failing to disclose penalties from Venezuela and the US. He alleges the watchdog's action infringes on freedom of expression.
- House of Lords committee urges UK regulators to ease stablecoin rules that could stifle market growth
A UK House of Lords committee warned that Britain lags the U.S. and the EU on stablecoins, urging the Bank of England (BoE) and Financial Conduct Authority (FCA) to revise regulations. The committee argued that current rules risk stifling market growth.
- UK Regulator Warns Soccer Clubs Over Unauthorized Crypto Sponsorship Deals
The UK's Financial Conduct Authority (FCA) has warned Premier League soccer clubs that partnerships with unlicensed cryptocurrency firms could expose fans to unregulated trading platforms. The alert highlights risks associated with unauthorized crypto sponsorship deals.
- FCA’s Palantir deal could expose UK financial data to Trump’s US, critics fear
The UK’s financial watchdog faces criticism over its partnership with US tech firm Palantir, with concerns that sensitive UK citizen and company data could be accessed by the Trump administration under US disclosure laws. Critics warn a US law requiring tech companies to share information with American authorities may apply to Palantir’s role in helping the Financial Conduct Authority combat crime.
- Bank of England, FCA Set Out ‘Shared Vision’ for Tokenization
The Bank of England and Financial Conduct Authority have launched a joint Call for Input on tokenization, marking a shift from pilot projects to production. This initiative aims to establish a shared vision for tokenization. The move is expected to impact the UK's financial regulatory landscape.
- UK proposes near-24/7 settlement to prepare markets for tokenization
The UK's Financial Conduct Authority and Bank of England propose extending operating hours for core payment and settlement infrastructure to near 24/7 availability. This change aims to prepare markets for tokenization. The authorities are seeking feedback on new guidance.
- UK’s financial payments network is ready for tokenization, regulators say
The UK's financial payments network is ready for tokenization, according to regulators. This development is expected to enhance security and efficiency in financial transactions. Regulators have given their approval for the implementation of tokenization.
- Why YOUR company pension could be silently doomed. Here's what to do if your money is in one of the 'lifestyle' funds leaving millions of savers short just BEFORE they retire
Company pensions in 'lifestyle' funds may be at risk, potentially leaving millions of savers short on retirement funds. This issue affects individuals nearing retirement age. Savers are advised to take action to protect their investments.
- UK regulator launches review of ‘aggressive’ claims management firms amid compensation concerns
The UK's Financial Conduct Authority has launched a review of claims management companies due to concerns over aggressive marketing and misleading advertising. The review focuses on unfair exit fees and people being signed up without permission. This comes amid concerns that firms are misleading victims of financial scandals about their compensation.
- India orders infosec red alert in case Mythos sparks crime spree
India's Securities and Exchange Board has issued a warning to participants in the nation's equities industry to revisit their information security systems due to the potential risks posed by Anthropic's Mythos bug-finding AI. The regulator advised entities to take immediate action to prevent cyberattacks. Other regulators around the world have also acknowledged the risks Mythos poses.
- FCA faces four lawsuits over £9.1bn compensation scheme for car loan victims
The UK's Financial Conduct Authority (FCA) is facing four legal challenges against its £9.1bn compensation scheme for victims of the motor finance scandal. The FCA claims the scheme is the 'fastest, simplest route for consumers,' but the lawsuits from Consumer Voice and three lenders have created uncertainty for millions of affected individuals.
- UK regulator clears path for tokenized funds within existing rules
The UK's Financial Conduct Authority (FCA) approved rules allowing UK funds to maintain onchain registers and introduce a Direct-to-Fund dealing model to streamline tokenized funds under existing regulations.
- UK cracks down on illegal peer-to-peer crypto trading in nationwide raids
The UK's Financial Conduct Authority conducted nationwide raids on eight locations suspected of illegal peer-to-peer cryptocurrency trading, issuing cease-and-desist orders to halt the activities.
- UK FCA carries out first crackdown on illegal peer-to-peer crypto trading
The UK's Financial Conduct Authority (FCA) has conducted its first operation targeting illegal peer-to-peer crypto trading. This marks a regulatory effort to address unregulated cryptocurrency transactions.
- UK cracks down on illegal peer-to-peer crypto trading in nationwide raids
The UK's Financial Conduct Authority raided eight locations suspected of illegal peer-to-peer crypto trading, issuing cease-and-desist orders to crack down on such activities.
- UK plans payments rule changes for stablecoins, tokenized deposits
The UK government is planning to overhaul regulations for stablecoins and tokenized deposits as part of its digital markets strategy. Chris Woolard, a former FCA official, has been appointed to support this initiative.
- Banks policy is no bit coin
The Co-operative Bank is implementing a new policy to block cryptocurrency payments starting May 18, 2026, citing increased fraud risks. A user who frequently uses Bitcoin in China expresses frustration, arguing that the policy infringes on personal financial freedom despite their positive experience with crypto transactions.
- Coinbase rolls out UK crypto-backed loans as FCA shapes rules
Coinbase has introduced USDC loans for UK users, backed by BTC, ETH, and cbETH, expanding its borrowing services as the UK develops a crypto regulatory framework. The move aligns with the Financial Conduct Authority's (FCA) efforts to establish clearer rules for the crypto industry.
- UK Sets Path to Crypto Regulation With FCA Consultation
The UK's Financial Conduct Authority (FCA) is consulting on its interpretation of regulated cryptoasset activities under rules set to take effect in October 2027. The regulator seeks feedback to shape the implementation of these regulations.