Regulation

Two investors are taking TenetConnect to the Financial Ombudsman Service (FOS) after unsuccessfully trying to retrieve money lost due to what they claim was negligent advice to invest in an unregulated overseas property scheme.

Proposals that will see fund managers break down profits and losses in pounds and pence figures for the first time have been approved by the Financial Reporting Council.

The Financial Conduct Authority (FCA) has issued a warning notice to a director of an appointed representative (AR) firm for promoting and arranging unregulated collective investment schemes (UCIS) despite its network not allowing UCIS business.

The Investment Management Association (IMA) has called on members to "abandon" using annual management charges on any literature following the regulator's guidance on fund charges.

The Financial Conduct Authority (FCA) has urged asset managers to move away from using the annual management charge (AMC) as their headline cost, instead pushing for a focus on the ongoing charges figure (OCF).

Lawyers representing Arch Financial Products (AFP) chief executive Robin Farrell and former compliance manager Robert Addison have cited the pair's possible inexperience in running a fast-growing organisation - not a lack of integrity - for some of the...

Have firms done enough to comply with FCA rules?

The upper tribunal hearing of Arch Financial Products (AFP) chief executive Robin Farrell and former compliance officer Robert Addison in relation to regulatory action taken against them by the Financial Services Authority (FSA), starts today.

It is "essential" clients are given prior notification when their fund holdings are converted to post-RDR 'clean' alternatives, but individual consent is not necessary, the Financial Conduct Authority (FCA) has outlined in finalised guidance on bulk transfers...

The Financial Conduct Authority (FCA) has appealed Thursday's court decision to halt its case against a group of alleged fraudsters after no barristers were willing to represent them.