FSA Closes Book on Split-Cap No single individual will be formally censured in relation to the mis-selling of split-capital investment trusts, £195m has been paid out in compensation 22.05.07 Telegraph, Capital Markets, Financial Services, Split Capital Investment Trusts

State Pension Opt-Outs Not Mis-Sold FSA report into advice given on opting out of State Earnings Related Pension (SERP) and State Second Pension (S2P) did not generally involve mis-selling, response to complaints to Financial Ombudsman 10.05.07 BBC, FSA Press Release, Financial Services, Pensions

FSA to Probe Mortgage Market FSA is to undertake review of retail mortgage market, special interest in 'sub-prime' sector, lending to people with low credit rating, source of unravelling in US housing market 11.04.07 Telegraph, FSA Press Release, Consumer Credit, Consumer Rights, Financial Services, Property Law

SIPPs Will Be Illegal Firms providing self-invested pension plans (SIPPs) are failing to obtain approval from FSA, which took over regulation of the schemes this month, risk putting investors outside scope of redress from Ombudsman, ban on continuing with contributions 10.04.07 Financial Times, Financial Services, SIPP

FSA to Examine UK Listing Rules Financial Services Authority is to examine rules governing listing in the UK, response to investor concern that overseas companies - such as Rosneft and Sistema - do not comply with level of standards required of British firms 05.04.07 Telegraph, Financial Times, FSA Press Release, Capital Markets, Corporate Governance, Financial Services, UK Listing Rules

FSA Stepping Up Commodity Oversight Financial Services Authority plans to step up supervision of commodity markets, rising interest among fund managers is bringing risk of poor controls and less experienced staff 27.03.07 Telegraph, FSA Press Release, Basic Materials, Capital Markets

Regulation Critical in Barclays ABN Deal Barclays and ABN are going for a quick deal, incorporate in UK but HQ in Amsterdam, FSA expected to fight plan for De Nederlandsche Bank to be lead regulator 21.03.07 Guardian, LegalDay Blog, Banking Law, Capital Markets, Financial Services

Inside Trading Is Rife in the City Study of mergers and acquisitions on London Stock Exchange in 2005 suggests levels of inside trading have hardly changed, despite it being key priority of regulator, says Financial Services Authority (FSA) 08.03.07 Guardian, Capital Markets, Inside Trading

Paying for Financial Compensation Investment banks 'furious' that Financial Services Authority (FSA) wants them to contribute to consumer compensation, including them in 'pool of last resort' in Financial Services Compensation Scheme (FSCS), critics say wholesale sector benefits from general stability of UK financial market 28.02.07 Times, Consumer Credit, Consumer Rights, Financial Services

Doubts About Rules for Foreign Firms FSA is being pushed to clarify rules for overseas firms listing on London Stock Exchange, unlike foreign companies, which follow their local governance rules, UK firms are subject to Combined Code on corporate governance 23.02.07 Guardian, Capital Markets, UK Listing Rules, Corporate Governance

IFA in Improper Pension Transfer The Financial Services Authority (FSA) has prohibited Ivan and Valerie Richards from performing certain controlled functions, case relates to advice provided by Alexanders, and IFA, regarding transfer of employees from final salary pensions of one company to personal pensions scheme of another following a takeover 07.05.07 FSA Press Release, Financial Services, Pensions, TUPE

Call for FSA to Fight Crime National Audit Office (NAO) report says Financial Services Authority (FSA) should do more to fight financial crime 01.05.07 BBC, HM Treasury Press Release, Capital Markets, Financial Services, Fraud, Money Laundering

FSA Retail Distribution Review The Financial Services Authority (FSA) will set out the key issues for discussion on its major review of the retail distribution market at a conference on 27 June 2007 30.04.07 FSA Press Release, Conferences, Financial Services, Investment

FSA Fine for Priniciples Breaches The Financial Services Authority (FSA) has fined David Whistance, the former Finance Director of W Deb MVL Plc (WDM), £30k for breaches of FSA Principles by failing to exercise due skill, care and diligence 12.04.07 Company Law, Corporate Governance

Solicitors Fronted Boiler Room A solicitor, Adrian Sam has been made bankrupt by the Financial Services Authority (FSA) because his previous law firm, Adrian Sam & Co (ASC), assisted an illegal overseas boiler room 29.03.07 Financial Services Authority, Financial Services, Solicitor Practice

Regulating Commodity Markets The Financial Services Authority (FSA) has today published a paper, Growth in Commodity Investment, concludes that markets have changed significantly bringing new issues which need to be understood and acted upon by participants 26.03.07 FSA Press Release, Basic Materials, Capital Markets

ICO Outs DPA Delinquents The Information Commissioner's Office (ICO) has issued a 'name and shame' list naming 11 leading organisations as being in breach of the Data Protection Act (DPA), action taken following complaints about disposal of customers' information 24.03.07 Eversheds, Data Protection, Financial Services

Shift in Insurance Regulation An interim report published by the Financial Services Authority demonstrates that consumer experiences and risk of detriment vary substantially for general insurance products, FSA has decided to consider a differentiated, principles-based approach to insurance conduct of business (ICOB) regulation 22.03.07 FSA Press Release, Financial Services, Insurance, Payment Protection Insurance

FSA Warns on Stress Testing The Financial Services Authority (FSA) has called on firms to improve the stress testing of their businesses after its financial risk report highlighted the greater impact a shock could have were it to happen in the next 18 months 05.02.07 FSA Press Release, Capital Markets, Financial Services

New FSA Crime Unit New FSA unit, Financial Crime and Intelligence Division, led by Philip Robinson, to examine risks from information security and hi-tech crime, including potential for low-tech breaches of security, such as the careless disposal of sensitive data, will also work with economic experts to measure scale of financial crime 23.01.07 Financial Services Authority, Criminal Justice, Financial Services, Fraud

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