The Financial Conduct Authority is to order "significantly" higher standards at some 'host' Authorised Fund Managers (AFMs) where it has identified weaknesses.

The FCA has fined claims management company Crosfill & Archer Claims Limited £110,000 for making cold calls.

The FCA has recruited two experienced lawyers who worked at City law firm Freshfields for senior roles following the exit of its general counsel Sean Martin.

The FCA will introduce a general ban on authorised firms approving financial promotions from unauthorised firms without special permission, the Treasury announced today.