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The FCA is investigating whether the London Stock Exchange Group and the landlord of the LSE data centre building have hindered competition for low latency connectivity services (LLCS) between certain trading venues. Currently, only LSEG can use the rooftop of the data centre building for... Read More
John Burford has been sentenced to 2 years in prison in a £1 million investment fraud case, following a prosecution brought by the FCA. Mr Burford, who lives in Mansfield, defrauded over 100 investors out of £1 million between 2016 and 2021 through his firm,... Read More
Responding to today’s launch of the consultation on future payment systems regulation, David Geale – FCA, Executive Director, Payments and Digital Finance and Payment Systems Regulator (PSR) Managing Director – said:’The Government’s consultation is an important next step in simplifying and clarifying payments regulation. The... Read More
Motor insurers have changed their settlement and compensation practices after the FCA found some insurers had short-changed customers on stolen or written off vehicle claims. It means that an estimated 270,000 motorists are expected to receive £200m in compensation for historic claims that were underpaid,... Read More
Speech by Therese Chambers, joint executive director of enforcement and market oversight, delivered at AFME’s European Compliance and Legal Conference 2025. Speaker: Therese Chambers, joint executive director of enforcement and market oversightEvent: AFME’s European Compliance and Legal Conference 2025Delivered: 22 September 2025Note: this is the... Read More
We’re proposing to make further cuts to data reporting, that will benefit 11,000 retail intermediary firms. Regular submission of the Retail Mediation Activities Return (RMAR) helps support firms, understand consumer outcomes, and flags any issues that may come up with retail intermediary activities.Our analysis has... Read More
The FCA is launching a £1 million campaign, letting motor finance customers know they don’t need to use a claims management company (CMC) or law firm to access an industry-wide compensation scheme the regulator is proposing. As part of the campaign, which will feature radio... Read More
Speech by Kate Collyer, FCA chief economist, at Warwick Business School, Financial Regulation in Support of the UK’s Growth. Productivity in our sector has stalled over the past decade and UK economic growth has disappointed since the financial crisis.There are lots of ways to measure... Read More
An individual has been convicted for breaching the Data Protection Act, but acquitted of fraud and unauthorised business offences, following a prosecution brought by the FCA. On Monday 1 September, Taunton-based Nicholas Harper, aged 26, pleaded guilty to encouraging or assisting an offence to be... Read More
We have received a legal challenge to our decision to award the contract for the bond consolidated tape provider. In response, we said:’We undertook a fair, competitive 2-stage process to ensure the provider could deliver a high-quality tape and the best value for money. ‘This... Read More