The FCA has concluded that there is no evidence of banks denying politicians access to accounts due to their political views following an investigation in the wake of the row that erupted between Nigel Farage and Coutts Bank this summer.

The FCA is introducing requirements for new screening checks for firms that approve financial adverts to help the regulator crack down on rogue ads.

The FCA has intervened to order the compulsory liquidation of Surrey IFA firm Independently East Ltd (IEL) (FRN488046) after placing restrictions on the firm earlier this year.

US-owned wealth manager and Financial Planner Raymond James Investment Services (FRN 194713) has agreed that it will not employ any new investment managers or open any new branches without the consent of the Financial Conduct Authority.