FCA imposes another ban on an individual for non-financial misconduct

The Financial Conduct Authority has once again acted to ban an individual as a result of misconduct which was not related to his role in financial services. The Surrey-based independent financial adviser will be banned from carrying out any regulated activity, unless he is successful in his appeal to the Upper Tribunal. He is currently the sole director of his firm and holds the SMF3 (Executive Director), SMF16 (Compliance Oversight) and SMF17 (Money Laundering Reporting Officer) roles.


FCA reminds firms of their continuing obligations as mortgage payment deferral application period ends

The March 31 deadline for applying for a payment holiday on a mortgage, loan or other arrangement under the Financial Conduct Authority’s Covid-19 special measures has now passed. However, the FCA wishes to stress to firms that they still have an obligation to provide what it calls ‘tailored support’ to anyone who has been financially affected by coronavirus and who continues to require assistance with their repayment schedule.

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