Tag: FCA

The UK's top financial markets watchdog has ordered Buy2LetCars and Rent2OwnCars owner Raedex to halt operations.

The UK’s Financial Conduct Authority (FCA) will change the amount of shares an issuer is required to have in public hands from 25% to 10%.

A UK regulator has moved to toughen up the playbook for buy now pay later (BNPL) companies, which has been welcomed by the PwC.

Five defendants facing accusations of unauthorised deposit takings have been ordered by a judge to pay back £675,000 to members of the public, but the case is not over yet.

The buy now pay later sector may have had its best year ever in 2020, but now the UK’s top financial watchdog is calling for stricter rules “to protect consumers”.

Lanistar has been accused of failing to pay its workers on time, suffering from low staff morale, postponing launches, mishandling influencer contracts and of making many employees redundant.

Having been found guilty of inside trading in June 2019, a former day trader has now been ordered by Southwark Crown Court to pay £3.9m via a consent confiscation order.

The UK's top financial watchdog investigated 47 unauthorised businesses in 2020, ensuring the return of almost £6m to consumers.

The UK Supreme Court has ruled that policyholders should have their coronavirus losses covered by insurers and the InsurTech industry is welcoming the decision.

Bitcoin's value may have skyrocketed in the past year, but the UK's top financial regulator warns that investment in the market is far from certain.