The U.K. government's plans to tighten the rules for appointed representatives will give the Financial Conduct Authority a far greater enforcement hook, making the regime costlier and harder to access by the companies it is designed to support, lawyers have warned.
The U.K. government's plans to tighten the rules for appointed representatives will give the Financial Conduct Authority a far greater enforcement hook, making the regime costlier and harder to access by the companies it is designed to support, lawyers have warned.
The Financial Conduct Authority said Thursday that trading companies need to address deficiencies in algorithmic trading controls, noting poor record keeping with compliance staff lacking oversight of controls.
A personal injury law firm called for sector-wide guidance on compensation calculations for transgender claimants on Thursday, in order to prevent inequalities in payouts following the U.K. Supreme Court's controversial ruling on the definition of sex.
The Bank of England called Thursday to keep the £85,000 ($114,000) limit for compulsory reimbursement of victims of authorized push payment fraud in payments made through the CHAPS settlements system at a time it is under review.
Mounting pressure on Britain's public healthcare system is spurring the uptake of health insurance products and boosting government tax revenue, financial services consultancy Broadstone said Thursday.
A group of colleges and halls of residence of the University of Oxford have sued Aviva over the insurance giant's alleged failure to pay out for losses sustained during the COVID-19 pandemic.
British insurance companies paid £472 million ($634 million) to settle travel insurance claims in 2024, the Association of British Insurers said Thursday.
