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.
-
Mar- 2018 -22 MarchHigh Street
PerfectHome to refund £2.1m to customers issued unaffordable loans
Rent-to-own firm PerfectHome has been ordered to refund a total of £2.1m to customers issued with loans they could not afford, in an agreement with the Financial Conduct Authority (FCA). The FCA identified that the firm’s affordability assessments did not adequately take into account customer circumstances. Additionally, the regulator said…
Read More » -
Jan- 2018 -24 JanuaryHigh Street
Ombudsman access to small firms may be extended
More small businesses may have access to the Financial Ombudsman Service, according to a new consultation launched. Under changes proposed by the FCA, around 160,000 additional SMEs, charities and trusts would be able to refer complaints to the Ombudsman. Changes the eligibility criteria would include businesses with fewer than 50…
Read More » -
10 JanuaryEconomy
‘Serious concerns’ over CFD retail investment tool
The Financial Conduct Authority (FCA) has said it has ‘serious concerns’ over the way CFDs (contracts for difference) are sold to retail investors. The speculative tool has become popular with investors despite roughly 76% of users losing money through it in 2016. CFDs are being marketed as an alternative to…
Read More »
