Investors have lost almost $1bn, with another $3.5bn expected. The FSS issued a compensation guideline for financial firms that mis-sold the risky ELS products.
March 12, 2024Measures include inducing listed companies to improve their dividend payout ratios and enhance investment returns for shareholders.
January 25, 2024The FSS found that some firms incentivised sales of high-risk and complex ELS products through internal policies and KPIs.
January 10, 2024The insurers coordinated with each other when negotiating contracts with corporate customers on insurance premiums, affecting more than 570 policyholders.
December 27, 2023The rules cover business conduct, technology risks, and consumer access. Crypto assets can be counted towards accredited investor net worth calculations.
November 24, 2023The SFC calls out distributor practices such as offering guaranteed returns, imposing lock-up periods, and lowering dealing frequency.
October 25, 2023The alerts came soon after new rules took effect prohibiting crypto firms from advertising to UK consumers without the FCA's authorisation.
October 10, 2023Bank presidents asked to inspect their institutions' internal control systems, and to do more to contain rising levels of household indebtedness.
August 21, 2023The rules implement "differentiated regulatory requirements" based on an institution's development strategy, business scale, complexity, and risk status.
July 28, 2023The incentive is expected to help boost the demand for mid- and low-credit grade corporate bonds in the market.
May 15, 2023