The FCA has published an indicative roadmap of key dates for the development and introduction of the UK’s crypto regime as new research revealed crypto ownership has risen 20%.
It’s no secret that the FCA has come in for flak over it’s naming and shaming enforcement plans and it’s no surprise it has decided to dilute them as a result. But should it be backing off?
Two individuals running a fake investment scam - which used clone websites and other methods to target investors - have been convicted by the FCA for their roles in a £1.5m fraud.
The FCA has issued a warning notice that it is preparing to take action against high profile fund manager Crispin Odey for demonstrating a "lack of integrity."
The FCA said it was already working to improve in doing more to facilitate growth, acting proportionately, and improving data collection to reduce the regulatory burden on firms.
Firms in the retail investments sector, which includes most financial advice firms, had one of the lowest levels of satisfaction with their relationship with the FCA.
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