What does FCA Regulated Mean?
Related Courses The Financial Conduct Authority (FCA) takes responsibility for regulating all financial services industries in the UK. To protect customers, increase market integrity and promote healthy competition, the FCA has three operational activities including authorisation, supervision and enforcement. This means that financial service providers, investment firms, and consumer credit firms must be authorised. Additionally, […]
What are the Results of Treating Customers Fairly?
Related Courses Anyone who deals with distributing products or services to customers must ensure that the customers are treated fairly. The Financial Conduct Authority (FCA) oversees the financial, professional and ethical conduct of financial service providers. Through their Principles for Businesses and criteria for Treating Customers Fairly (TCF), the FCA aims to help companies understand […]
What are the Market Abuse Regulations (MAR)?
The Market Abuse Regulations (MAR) are a set of robust regulations, enforced across the European Union (EU) to actively reduce the rate of market abuse in the industry and to protect individual investors and consumers. The MAR came into effect on 3 July 2016 across EU member states and is subsequently enforced in the UK […]
What are the FCA Principles for Business?
The UK financial services firms contribute hugely to our economy, so we must be able to trust them. The primary objective of the Financial Conduct Authority (FCA) is to regulate and manage the conduct of these firms to protect consumers and the economy. This involves a broad range of roles and responsibilities, which are outlined […]
What are the Key Points of MAR?
The Market Abuse Regulations (MAR) was created in July 2016 to enhance and harmonise the EU regime on market abuse. The key points of the MAR focus on the types of market abuse which will not be tolerated and how to identify and avoid market abuse. The MAR also increases the scope of existing offences […]
What are the FCA Principles for Business?
The UK financial services firms contribute hugely to our economy, so we must be able to trust them. The primary objective of the Financial Conduct Authority (FCA) is to regulate and manage the conduct of these firms to protect consumers and the economy. This involves a broad range of roles and responsibilities, which are outlined […]
What are the FCA Guidelines Around Safeguarding Vulnerable Persons?
The Financial Conduct Authority (FCA) have a key focus on safeguarding vulnerable persons in the financial services industry, to ensure that all consumers are treated fairly and are protected. The customer service staff in a financial services firm play a vital role in identifying and supporting vulnerable persons. Financial services firms must meet the FCA […]
What are the Consequences of Breaching MAR?
The Market Abuse Regulation (MAR) is enforced across the European Union (EU) since 3 July 2016 and aims to prevent and punish those who engage in market abuse. Preventing market abuse is a vital part of the Financial Conduct Authority’s (FCA) drive to protect consumers, to enhance integrity in the market and to promote healthy […]
What Are The Causes of Financial Misconduct?
Related Courses The aggressive sales-based culture exhibited by the financial services industry has driven numerous cases of misconduct, malpractice and fraud. This has resulted in billions of pounds in fines, which has a severe effect on consumers and the economy. Financial misconduct manifests itself in businesses in various ways, including invoice forgery, fraud and the […]
What are Financial Sanctions?
Financial sanctions are essentially restrictive measures imposed on financial resources and services for individuals, entities and bodies that engage in criminal activities. Financial sanctions were implemented to help achieve the UK’s foreign policy and national security objectives, including the prevention of terrorist financing. These sanctions are also designed to maintain confidence in the integrity of […]
