Statements

Update on the Bank of England and FCA Memorandum of Understanding for supervision of market infrastructure
Statements Published: 24/02/2023 Last modified: 24/02/2023
The authorities concluded that the MoU’s arrangements for co-operation remain effective and have re-affirmed their commitment to co-operate domestically and internationally.

FCA to distribute funds to consumers following enforcement against unlawful CFD forex trading business
Statements Published: 24/02/2023 Last modified: 24/02/2023
We have secured money that will be paid to consumers that were subject to illegal contracts for difference (CFDs) forex trading promotions made by the director of 24HR Trading Academy Ltd.

Update on potential enforcement action against Link Fund Solutions
Statements Published: 20/02/2023 Last modified: 20/02/2023
The Financial Conduct Authority (FCA) is providing a short update on its proposed enforcement action against Link Fund Solutions Ltd (LFS). 

Cryptoasset firms marketing to UK consumers must get ready for financial promotions regime
Statements Published: 06/02/2023 Last modified: 06/02/2023
All cryptoasset firms marketing to UK consumers, including firms based overseas, will soon need to comply with the new UK financial promotions regime.
Statement on wind-up of FSCB
Statements Published: 24/01/2023 Last modified: 24/01/2023
The Financial Services Culture Board (FSCB) has supported industry in taking huge strides to improve culture following the financial crisis.

Further update to ancillary activities exemption for commodity derivatives
Statements Published: 24/01/2023 Last modified: 24/01/2023
In March 2022 we published a statement which provided an update on the ‘market share test’ as set out under Article 2 of UK MiFID RTS 20 relating to the ancillary activities exemption from authorisation as a MiFID investment firm for firms

10% depreciation notifications
Statements Published: 22/12/2022 Last modified: 22/12/2022
We have decided to extend the temporary measures for firms during the interim period, pending the revocation of Article 62.

Guidance for firms supporting their existing mortgage borrowers impacted by the rising cost of living
Mortgage lenders and intermediaries Statements Published: 07/12/2022 Last modified: 08/12/2022
The FCA is consulting on draft guidance explaining a range of options firms have to support customers, including varying a contract for forbearance purposes.

Update on debt packager proposals
Statements Published: 05/12/2022 Last modified: 05/12/2022
In November 2021, we consulted (CP 21/30) on new rules and guidance to ban debt packagers from receiving fees or other remuneration for referrals to debt solution providers.

Statement on Liability Driven Investment (LDI)
Statements Published: 30/11/2022 Last modified: 30/11/2022
The FCA welcomes the statements made today by The Pensions Regulator, the Central Bank of Ireland and the Commission de Surveillance du Secteur Financier (CSSF- Luxembourg) on the resilience of Liability Driven Investment (LDI) portfolios and the