The FCA has decided to ban Mr Richard Fenech and Ms Heather Dunne from working in financial services and fine them £270,646 and £399,817 respectively. The FCA found that the pair operated a flawed advice model that put customers’ guaranteed pension benefits at significant risk, and that Ms Dunne failed to act with due skill, …
Clear crypto regulation will improve the integrity of the UK’s crypto markets, help protect people and support the UK’s growth and competitiveness. Admissions and disclosures and market abuse regimes are crucial to improving the integrity and cleanliness of our crypto markets, as well as helping people make informed financial decisions. Our Discussion Paper DP24/4 (Admissions …
FCA seeks feedback on plans to improve the transparency of the UK’s crypto markets Read More »
HSBC Bank Australia Limited (HSBC Australia) failed to adequately protect customers scammed out of millions of dollars, according to documents filed by ASIC in the Federal Court today. ASIC alleges HSBC Australia failed to have adequate controls in place to prevent and detect unauthorised payments and failed to comply with its obligations to investigate customer …
ASIC sues HSBC Australia alleging failures to adequately protect customers from scams Read More »
Fraudsters are using the following details to scam people: Name: john-lewis-partnerships.com (Clone of FCA Authorised Firms) Email: [email protected] Website: john-lewis-partnerships.com Scammers may give out other false details, including email addresses, telephone numbers, postal addresses and Firm Reference Numbers. They may mix these details with the genuine details of authorised firms. They may also change their …
Fraudsters are using the following details to scam people: Name: Everything Financial Loans UK (clone of an FCA authorised firm) Telephone: 02071932486 Email: [email protected], [email protected] Scammers may give out other false details, including email addresses, telephone numbers, postal addresses and Firm Reference Numbers. They may mix these details with the genuine details of authorised firms. …
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published a Consultation Paper seeking stakeholders’ views on how the European Single Electronic Format (ESEF) can be applied to sustainability reporting. The proposals also aim to ease the burden associated with financial reporting. It is a priority for ESMA …
ESMA consults on proposals to digitalise sustainability and financial disclosures Read More »
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is today publishing Q&As with further details on specific aspects of the practical application of the Guidelines on funds’ names using ESG or sustainability-related terms. The Q&As are related to green bonds [UCITS, AIF][1], the convergence on “meaningfully investing in sustainable …
ESMA puts forward Q&As on the application of the Guidelines on funds’ names Read More »
ASIC has cancelled the Australian financial services licence held by Macgill Financial Services Pty Ltd ACN 096 357 630 (Macgill Financial Services) on 29 November 2024, after finding it has ceased to carry on a financial services business. ASIC may suspend or cancel an AFS licence, by giving written notice, if the licensee ceases to …
ASIC cancels AFS licence of Macgill Financial Services Pty Ltd Read More »
ASIC has cancelled the Australian financial services licence held by Patrick Joseph O’Neill on 9 November 2024, due to Mr O’Neill’s failure to comply with licence obligations. The Corporations Act imposes obligations on Australian financial services licensees. Mr O’Neill has not complied with the obligations to be a member of an external dispute resolution scheme, …
ASIC cancels AFS licence of Patrick Joseph O’Neill Read More »
Registered company auditor Joseph John Santangelo will not be able to audit companies until June 2026 after the Companies Auditors Disciplinary Board (CADB) found that he failed to carry out or perform adequately and properly the duties of an auditor in conducting the group audits of the financial statements of the entity comprising Greensill Capital …
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