The UK's FCA updates its Financial Services Register
The UK’s Financial Conduct Authority (FCA) has updated its Financial Services Register to improve consumer protection.
1. Your application – an overview – FCA Consumer Credit Guides
Step-by-step guides for consumer credit firms applying for FCA authorisation on the online Connect system.
Introduced by business advisor and TV personality, Nick Hewer this guide outlines how to log in to Connect system, the different stages of the application, and how a firm can pay a fee at the end of the application process.
Watch the FCA Consumer Credit authorisation Step-by-Step Guides series:
1. Your application – an overview
https://www.youtube.com/watch?v=dtZwyEmv1u4
Download the PDF guide:
https://fca.org.uk/your-fca/documents/1-your-application-an-overview-authorisation-application-guides
2. Firm Details
https://www.youtube.com/watch?v=SimVzsNGF88
Download the PDF guide:
https://fca.org.uk/your-fca/documents/2-firm-details-authorisation-application-guides
3. Permission Types & Fees
https://www.youtube.com/watch?v=dctIHmeurLA
Download the PDF guide:
https://fca.org.uk/your-fca/documents/3-permission-types-and-fees-authorisation-application-guides
4. Consumer Credit Supplement
https://www.youtube.com/watch?v=2uGfN_huqUk
Download the PDF guide:
https://fca.org.uk/your-fca/documents/4-consumer-credit-supplement-authorisation-application-guides
5. Disclosure of Significant Events
https://www.youtube.com/watch?v=qg-hiwPg2t8
Download the PDF guide:
https://fca.org.uk/your-fca/documents/5-disclosure-of-significant-events-authorisation-application-guides
6. Systems & Controls
https://www.youtube.com/watch?v=gWAVR9zeSOE
Download the PDF guide:
https://fca.org.uk/your-fca/documents/6-systems-and-controls-authorisation-application-guides
7. Compliance
https://www.youtube.com/watch?v=k0wdMaw8LME
Download the PDF guide:
https://fca.org.uk/your-fca/documents/7-compliance-authorisation-application-guides
8. Personnel Information
https://www.youtube.com/watch?v=eZeREcOWP8w
Download the PDF guide:
https://fca.org.uk/your-fca/documents/8-personnel-information-authorisation-application-guides
9. Owners & Influencers
https://www.youtube.com/watch?v=Qz0PPPKyYTo
Download the PDF guide:
https://fca.org.uk/your-fca/documents/9-owners-and-influencers-authorisation-application-guides
10. Supporting Documents
https://www.youtube.com/watch?v=dVwfJHCI2sw
Download the PDF guide:
https://fca.org.uk/your-fca/documents/10-supporting-documents-authorisation-application-guides
11. Firm Declaration
https://www.youtube.com/watch?v=yznDU9u-yHU
Download the PDF guide:
https://fca.org.uk/your-fca/documents/11-firm-declaration-authorisation-application-guides
Watch the consumer credit step-by-step-guides on our website:
http://www.fca.org.uk/consumer-credit-applications-video-guides
FCA Consumer Credit: http://fca.org.uk/consumer-credit
About the FCA http://fca.org.uk/about
Follow the FCA on social media:
Twitter https://twitter.com/thefca
LinkedIn http://www.linkedin.com/company/financial-conduct-authority
London Capital and Finance – FCA Regulatory Failure (Financial Planner Rant)
The Financial Conduct Authority (FCA) failed to “effectively supervise and regulate” the failed mini-bond firm London Captial and Finance, which resulted in the loss of £237 million for 11,625 investors. That’s the conclusion of a new independent report by former Court of Appeal Judge Dame Elizabeth Gloster. I needed to have a rant about this, as it has real financial implications for my business and for you as an investor.
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Martin Bamford is a Chartered Financial Planner, Fellow of the Personal Finance Society and Director of Client Education at Informed Choice.
He’s author of three bestselling personal finance books:
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Martin is responsible for investment management research at Informed Choice and is our media spokesman. He is the host of the popular Informed Choice Radio podcast: https://icradio.co.uk/
Listen on Apple Podcasts: https://itunes.apple.com/gb/podcast/the-informed-choice-podcast/id941872073?mt=2 &ls=1
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We help people just like you find answers to the big financial questions, making sure you can live a meaningful life as a result.
As an award-winning firm of Chartered Financial Planners working in Cranleigh and Petersfield, we know a thing or two about Independent Financial Planning.
Our team of Financial Planners use their knowledge and experience to deliver impartial and unbiased independent financial advice which will remove stress, bring your goals closer and deliver real financial security.
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Informed Choice Ltd. Authorised and regulated by the Financial Conduct Authority.
The guidance contained within this video is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.
The value of your investments and the income from them can go down as well as up and is not guaranteed at any time. You may not get back the full amount you invested. Past performance is not a guide to future performance, nor a reliable indicator of future results or performance.
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Andrew Bailey on FCA’s Business Plan 2018/19
Andrew Bailey, Chief Executive discusses our Business Plan publication and the coming year.
The annual Business Plan gives details of the specific areas of work the FCA is prioritising for the next year.
The priorities in this Business Plan reflect the variety of changes affecting both financial services and the wider society. Firms are being challenged by rapidly evolving user needs, as well as heightened uncertainty in the economic and political outlook. Our Business Plan shows how we will use our resources to tackle these challenges. Preparing for and implementing the changes resulting from European Union (EU) withdrawal is inevitably the priority for our discretionary activity.
Our key planned activities for this year are set out in our EU chapter, our 7 priorities which cut across different financial sectors as well as our priorities for the seven specific sectors we regulate.
Much of what we do and the harms we try to address will continue to be priorities for future Business Plans and we will continue to monitor and adapt our approach to the ever-evolving landscape.
https://www.fca.org.uk/publications/corporate-documents/our-business-plan-2018-19?youtube
FCA Register New Link
The FCA have recently updated their web link for the FCA Register to: https://register.fca.org.uk/s/
#FCA #Register