Search Results for: FSCS
FSCS announces its final levy for 2016/17 at £337m
April 26th, 2016
The Financial Services Compensation Scheme (FSCS) has announced its levy for 2016/17. FSCS will levy £337m in this financial year, £26m less than forecast in its Plan and Budget for 2016/17, published in January. The levy in 2015/16 totalled ...
FSCS publishes its Plan and Budget: 2016/17
January 20th, 2016
The Financial Services Compensation Scheme (FSCS) today publishes its Plan and Budget: 2016/17. The document reveals details of a £363m indicative levy on firms for the period, foreshadows FSCS’s management costs falling by nearly £2m and highlights internal organisational ...
KPMG insolvency on Alpari UK: Compensation Payments made by FSCS – Notice to Clients
June 4th, 2015
KPMG insolvency has issued an announcement regarding: Alpari UK Limited (in special administration) This information is in addition to previous information. KPMG insolvency notes that: “In light of the recent payments made by FSCS to those clients who had assigned their ...
First FSCS payment for ex-Alpari customers successfully received by ETX last month
June 3rd, 2015
ETX Capital is pleased to announce that the first Financial Services Compensation Scheme payments were received successfully last month, with all of the relevant clients able to access their funds instantly. “We are delighted that we have been able to help the ...
FSCS will shortly be compensating eligible Alpari claimants
May 15th, 2015
FSCS will start to pay compensation to eligible Alpari claimants from 14 May 2015. Once FSCS has paid compensation, the joint special administrators will email claimants to confirm that the payment has been made. Compensation will be paid in ...
Alpari UK: FSCS announces final levy for 2015/16 at £319m
April 28th, 2015
Today the Financial Services Compensation Scheme (FSCS) announces its levy for 2015/16. The figure stands at £319m. That’s an increase of £32m from the amount forecast in FSCS’s Plan and Budget in January. The increase is primarily because of a rise ...
Administrators appointed for Premier FX Limited
September 6th, 2018
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has issued an announcement to inform investors and public that on 13 August 2018, on the application of the FCA, the ...
FCA UK Warns About Investing In Cryptocurrency CFDs
November 15th, 2017
The Financial Conduct Authority, the conduct and prudential regulator for financial services firms and financial markets in the UK, has issued a warning to inform public and investors in relation to the risks of investing in cryptocurrency CFDs. Contracts ...
FCA UK bans and fines financial advisors
October 13th, 2017
The Financial Conduct Authority (FCA) has banned Mrs Colette Chiesa and Mr John Chiesa from working in financial services for integrity failings. Additionally, Mrs Chiesa has been fined £50,000 for attempting to mislead the FCA during an FCA interview. ...
Alpari (UK) Administrators issued an update progress report
February 17th, 2017
The Join Administrators of Alpari (UK) Limited have published the 4th progress report, an update report including of all amounts received and payments made since the date of their appointment, the costs which they have incurred to date and ...
