FCA
Austrian Regulator FMA confirms ePayments Systems suspension for Austria
On 6 March 2020, the Austrian Financial Market Authority (FMA) confirmed the suspension of the activities of ePayments Systems Ltd as a licensed e-money institution imposed by the UK Financial Conduct Authority (FCA) also for Austria. FinTelegram reported on the FCA actions against ePayments Systems and the resignation of its director Robert Courtneidge. In accordance …
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UK Financial Watchdog – Dysfunctional cryptocurrencies fall outside scope of regulation but security tokens don’t
The FCA has been looking into cryptoassets over the last couple of month and issued the Guidance on Cryptoassets, a policy statement to set out details on where different types of cryptoassets might fall in the regulatory perimeter. FCA said crypto markets were highly dysfunctional. It’s currently up to consumers to understand the risks associated …
UK Financial Watchdog FCA issues Enforcement Performance Report indicating expanding cybercrime activities
On Monday, the UK financial watchdog issued its Enforcement Performance Report. In 2018/19, the Financial Conduct Authority (FCA) issued 265 Final Notices of which 243 have been issued against firms and individuals trading as firms and 22 against individuals. The agency launched 276 regulatory proceedings and 12 crimina proceeding. In total, FCA imposed 16 financial …
Good news: FCA considers a ban of crypto-CFDs for retail investors
In a recently published document, titled “Restricting contract for difference products sold to retail clients,” the FCA revealed that the regulator will soon publish a consultation paper (CP) on a potential ban on crypto derivatives. According to an FCA statement, the agency is proposing rules to address harm to retail investors from crypto-derivatives and exchange-traded …
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UK Regulator FCA Proposes Crypo Regulation
The UK Financial Conduct Authority (FCA) published a Consultation Paper on crypto regulation this week. In it, the regulator specifies its proposals on how crypto activities will be regulated and supervised by the authority. For this purpose, FCA uses the framework developed by the UK Cryptoassets Taskforce for different types of cryptoassets. Scope Of FCA Crypto …