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As we transition to a low emissions economy, financial markets will increasingly want better information on how companies plan to adapt their business models, their operations and their products and services. Climate transition plan disclosures deliver this information. The TPT Disclosure Framework provides a set of good practice recommendations to help companies across the economy …

FCA welcomes the launch of the Transition Plan Taskforce Disclosure Framework Read More »

NSW director Gary Cutcliffe has been convicted after pleading guilty on 22 September 2023 to five offences of falsification of company books in contravention of s1307(1) of the Corporations Act 2001. Mr Cutcliffe was released without sentence after entering into a recognizance release order to be of good behaviour for 18 months and paying a …

NSW director sentenced for falsifying company books Read More »

We previously set out our expectations of firms in the Temporary Permissions Regime (TPR). If they missed their landing slot or failed to apply by 31 December 2022, we expected them to voluntarily cancel their temporary permissions. If this did not happen, we would act to cancel a firm’s permissions as the TPR should only be used by …

Wellington Court Financial Services Limited has had its temporary permissions revoked. This means the firm can no longer conduct regulated activity in the UK. Read More »

Our actions mean that London Court Ltd cannot conduct regulated activities for either new clients or new investments. It can however provide bond administration and ISA management services to existing clients and investments they already hold. Why have we taken this action? We are concerned that London Court Ltd has inadequate systems and controls in …

FCA places restrictions on London Court Ltd Read More »

Mr Dean George Scook, of Victoria Park, Western Australia has appeared in the Perth Magistrates Court charged with eleven counts of stealing as an officer of a company. ASIC alleges that on eleven occasions between 22 August 2018 and 24 June 2019, Mr Scook stole funds totalling $675,196 from Rock Mining Australia Pty Ltd. ASIC …

Dean George Scook charged with stealing Read More »

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today launches a Call for Evidence (CfE) on the shortening of the settlement cycle. Stakeholders are invited to provide their input by 15 December 2023. The Call for Evidence will help ESMA to assess the costs and benefits of a possible …

ESMA consults on the potential impact of shortening the standard settlement cycle Read More »