FCA
This coverage focuses on the Financial Conduct Authority’s (FCA) oversight and actions affecting the UK retail sector. Reporting highlights regulatory changes, compliance requirements, investigations, enforcement actions, and guidance — all analysed for their impact on retail operations, financial practices, and corporate governance. The content is designed for retail executives and managers responsible for ensuring regulatory compliance and mitigating risk.
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Jun- 2022 -28 JunePeople Moves
John Lewis bolsters finance team amid £50m investment
John Lewis Finance has appointed Paul Dawson to the newly created role of product director and Alison Verlander as the chief risk officer, in a bid to help lead the company’s expansion into new financial products and services. The announcement comes as John Lewis revealed it is investing over £50m…
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20 JuneOnline & Digital
Gov outlines buy now, pay later regulation
The government has announced plans to strengthen regulation of interest-free buy now pay later (BNPL) credit agreements, which will require providers to implement affordability checks. BNPL credit agreements can be a way to manage finances, allowing people to spread the full cost of a purchase over time. However, the government…
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16 JuneHealth & Beauty
THG rejects ‘undervalued’ takeover approaches
THG has announced it has rejected all unsolicited proposals for the company deeming them to be “unacceptable” and to “significantly undervalued the company”. In a statement released this morning ( 16 June) it said that as confirmed in the company’s preliminary FY 2021 results on 21 April 2022, THG has…
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10 JuneHealth & Beauty
THG to gift shares to 500 staff
Online beauty retailer THG has announced it is to gift shares to 500 of its employees. The Manchester-based firm said it will reward the selected members of staff below executive level subject to “achievement of various targets”. THG said an application has been made to the Financial Conduct Authority (FCA)…
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Apr- 2022 -20 AprilComment
SCA and the impact on e-commerce
What has been the impact of SCA in the UK? If you’re in the U.K., you will already be aware of the Strong Customer Authentication (SCA). Brands and retailers implemented changes way before the deadline (14th March 2022) to help combat fraud. For shoppers, it’s a win to get that…
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Feb- 2022 -14 FebruaryNews
Studio Retail to appoint administrators amid failure to acquire £25m loan
Studio Retail, the digital value retailer, has announced its intention to appoint administrators to SRG and Studio Retail Limited, its wholly owned subsidiary, to protect the interests of its creditors. The announcement comes as Studio Retail, previously known as Findel, has been unable to reach an agreement with its UK…
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Jan- 2022 -10 JanuaryOnline & Digital
THG hands FCA dossier on ‘irregular’ trading claims
THG has reportedly handed over a dossier to the financial watchdog the FCA which it hopes will prove that it experienced a coordinated attack on its share price. According to The Times, THG has passed over data that it believes indicates irregular stock market trading and short-selling. The paper also…
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Dec- 2021 -20 DecemberNews
Amazon partners with Barclays to launch ‘buy now, pay later’ service
Amazon has announced its partnership with Barclays to enable UK customers to have access to a new, flexible payment method. It revealed customers will have “greater flexibility” to pay for their purchases, with financing options available on terms between 3 – 48 months. Customers will find their reusable credit account…
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Oct- 2021 -22 OctoberNews
FCA calls for legislative change to protect consumers
In its latest Perimeter Report, the Financial Conduct Authority (FCA) has called for legislative change to address concerns beyond its remit. It revealed that duties on internet companies in the Online Safety Bill should extend to paid-for advertising, as well as user-generated content. The FCA also believes that the bill…
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15 OctoberEconomy
ProCook considers London IPO
ProCook has announced it is considering an initial public offering on the main market of the London Stock Exchange. Should ProCook proceed with the IPO, it said the admission would be to the premium listing segment of the Official List of the FCA and to trading on the main market…
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