Financial Services Blog

11 November 2020

The Holiday is Over: Will the FCA’s efforts to support homeowners after the mortgage payment holiday be enough?

One of the impacts of the Covid-19 pandemic is that national income has fallen dramatically. In response to concerns from homeowners unable to meet their mortgage repayment requirements due to a drop in income, the Treasury and Financial Conduct Authority announced a ‘mortgage payment holiday’. This was the result of banks agreeing to allow mortgage-holders suffering from a drop in income to pause their repayments. A ban on home repossessions was put in place at the same time

Anna Holmes

9 November 2020

Non-financial misconduct is misconduct, plain and simple

The FCA announced on 5 November that it has banned three individuals from working in the financial services industry for non-financial misconduct.

Anna Holmes

13 October 2020

Fitness and propriety investigations: practical considerations

How should regulated firms respond when issues come to light which call into question the fitness and propriety of a member of staff? In the second part of their series of fitness and propriety blogs, Jill Lorimer and Nick Ralph consider best practice. You can read the first part of the series by clicking here.

Nick Ralph

7 October 2020

FCA issues new guidance on fitness and propriety assessments in the financial services sector

The Financial Conduct Authority (“FCA”) has recently provided information to their regulated firms as to good and bad practice relating to, amongst other things, the carrying out of fitness and propriety (“F&P”) assessments.

Nick Ralph

31 July 2020

The new cryptoasset promotions consultation: widening the perimeter of FCA regulation

Research recently undertaken by the FCA has found that 5.35% of the UK population hold (or have previously held) cryptoassets where in 2019 this figure was 3%. For several years now the Government, the Bank of England and the FCA have been consulting on and considering how best to regulate this burgeoning market.

Jill Lorimer

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