Financial Conduct Authority (FCA), Investment, Securities

FCA’s final rules for PISCES: London’s new private share trading market

White & Case LLP on 6/13/2025

The Financial Conduct Authority ("FCA") has published its final rules for the Private Intermittent Securities and Capital Exchange System ("PISCES") – London's new private company share trading platform. The proposals are a...more

UK Financial Conduct Authority publishes consultation on the regulatory framework for PISCES

A&O Shearman on 12/26/2024

The U.K. Financial Conduct Authority has published a consultation on the regulatory framework for the Private Intermittent Securities and Capital Exchange System (PISCES), the proposed new platform for trading shares in...more

HM Treasury Publishes Consumer Composite Investments (Designated Activities) Regulations 2024

A&O Shearman on 11/26/2024

The Regulations: (i) replace assimilated law in relation to the Packaged Retail and Insurance-based Investment Products Regulation, establishing a new legislative framework for the regulation of Consumer Composite...more

UK High Court Finds London Capital & Finance Plc to be a Ponzi Scheme

A&O Shearman on 11/22/2024

The U.K. High Court has handed down judgement in the civil case of London Capital & Finance Plc (in administration) and others v Michael Andrew Thomson and others [2024] EWHC 2894 (Ch). London Capital & Finance was an...more

Draft UK Consumer Composite Investments (Designated Activities) Regulations 2024 Published

A&O Shearman on 10/17/2024

The draft Consumer Composite Investments (Designated Activities) Regulations 2024 have been published, together with an explanatory memorandum. The Regulations establish a proposed new legislative framework for the regulation...more

UK Conduct Authority Clarifies Forbearance for Investment Trust Disclosure Requirements Under PRIIPs Regulation

A&O Shearman on 10/14/2024

The updated forbearance statement provides great clarity on the implication of the forbearance as regards compliance by firms with other rules and regulations, including the Consumer Duty and communicating to consumers. The...more

UK Conduct Authority Consults on Wide-Ranging Change to Financial Promotion Rules

A&O Shearman on 2/7/2022

The U.K. Financial Conduct Authority has launched a consultation on proposed changes to the financial promotion rules. The proposals range from rules relating to the approval by authorized firms of financial promotions of...more

Financial Conduct Authority (FCA) › Investment › Securities