Financial Services Law, recent cases

PPI Complaints 2/8/16

The FCA published its feedback on CP 15/39 in respect of its proposed rules and guidance on payment protection insurance complaints including a final cut-off date for such complaints and announced further consultation with a response date of 11 October 2016.

FCA v Analyst Investment Management Plc (AIMP) 9/8/16

The FCA found that AIMP had failed to satisfy the suitability threshold and cancelled AIMP’s permission to carry out regulated activities.

FCA v Cenkos Securities Plc 8/8/16

FCA fined Cenkos Securities, which is an AIM-listed company, £530,500 for failing to carry out adequate due diligence to support its submissions to the FCA in relation to its sponsor services.