Regulation

The Financial Services Authority has fined hedge fund boss Alberto Micalizzi £3m and banned him from performing any role in regulated financial services, after he lied to investors in his now defunct fund.

Andrew Tyrie, the chairman of the Treasury Select Committee, has asked George Osborne to respond to suggestions from Barclays that retrospective tax action taken against the bank earlier this year was "unwarranted".

Three people have pleaded guilty to insider dealing following a prosecution brought about by the Financial Services Authority (FSA) relating to Blue Index, although two other employees caught up in the same case have been acquitted.

Multi-manager investment boutique Architas is launching a Multi-Asset Blended range of eight funds, combining active and passive management styles.

The man responsible for HSBC's UK retail and commercial banking business has been named as the next chairman of the Financial Services Practitioner Panel (FSPP).

The Financial Services Authority (FSA) is telling banks, building societies and credit unions to publicise more prominently the guarantee schemes which apply to their customers' deposits.

The Financial Services Authority (FSA) has refused to name the companies behind more than 300 adverts it removed last year.

CONDENSED

Sanlam Private Wealth (SPW) has acquired the client bank of Twickenham-based IFA Camilleri & Associates.

The Financial Services Authority (FSA) has warned that firms must make sure any rebalancing of clients' portfolios is "entirely mechanical" unless they have discretionary permissions.