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On 2 September 2025, Scott & Mears Credit Services Limited (SMCS), a debt collection firm, went into administration. Louise Longley and Julian Pitts of Begbies Traynor (Central) LLP were appointed as Joint Administrators. SMCS is authorised and regulated by the FCA to provide debt-collecting services.... Read More
Consumers could benefit from the convenience of contactless payment when making larger payments, under proposals being consulted on by the FCA. The FCA wants to give card providers the flexibility to decide the right limit for them and their customers.Many card providers already offer customers... Read More
Charles Hunter, Kayan Kalipha and Luke Desmaris appeared before Westminster Magistrates’ Court, each individually charged with an offence relating to their social media posts. The individuals – often referred to as ‘finfluencers’ – are alleged to have encouraged social media followers to invest in foreign... Read More
Speech by Steve Smart, joint executive director of enforcement and market oversight, at the 1LoD Financial Crime Summit. Financial crime is still too often seen as a lesser offence. A small-scale scam here, a phishing email there. Non-violent, technical, almost victimless.After more than 30 years... 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
Matthew and Nikolas West have been sentenced for insider dealing, in a prosecution brought by the FCA. Matthew West has been sentenced to 15 months’ imprisonment, suspended for 2 years, along with an unpaid work requirement of 200 hours. Nikolas West has been sentenced to... Read More
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
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