Regulation and Compliance
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PIMFA raises concerns about proposed public announcements of potential enforcement action against firms by FCA
In a statement released this afternoon, PIMFA has raised serious concerns about the impact of making public possible enforcement against firms by…
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PFS launches new Proficiency+ Consumer Duty competence diagnostic tool
PFS announces new tool and tests to allow firms to identify training opportunities in line with Consumer Duty Today the Personal Finance…
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FCA requests information from firms about delivery of their ongoing advice services and the Consumer Duty
The Financial Conduct Authority (FCA) is today writing to a number of financial adviser firms requesting information about their delivery of ongoing…
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Financial watchdog stops thousands of misleading ads and promotions
Over 10,000 financial adverts and other promotions were withdrawn or changed in 2023 following intervention from the Financial Conduct Authority (FCA), an…
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Compliance expert, Adam Samuel, releases pocket-sized guide to compliance for financial professionals
With the publication of his latest book, snappily entitled “Compliance – A Short Book”, Adam Samuel has delivered (arguably) what is the…
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Compliance expert states HSBC’s ‘reckless approach’ may have led to £57m fine
HSBC has been fined more than £57m by the Bank of England’s Prudential Regulation Authority (PRA) for failing to protect consumer deposits adequately.…
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AML compliance failures are rife in the UK – SmartSearch’s new report and damning figures
An analysis of more than 1,600 ‘anti-money laundering (AML) events’ recorded across the UK in the last decade shows money laundering is…
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Labour puts pensions, guidance and ISA reform front-and-centre of financial services agenda in its ‘Financing Growth’ plan
Today’s announcement by Labour of it’s first ever plan for financial services, entitled ‘Financing Growth’. As part of it’s plan, the party…
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Regulated firms at breaking point amid increased regulatory burden and budget pressures
Firms must relinquish outdated and time-consuming compliance processes in light of tighter budgets and increasing regulatory burden, digital compliance experts at SmartSearch…
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The Timebank: Dear Regulator… Scams and your powers
With their take on the occasional ‘Dear CEO’ letter that comes out of the FCA, starting this month, the good people at…
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