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The Seychelles Financial Services Authority (FSA) announced that the Seychelles EOIR Report is largely compliant. A press release regarding this information is available for download, dated February 04, 2026. Contact details and location of the FSA are also provided.
FSA SeychellesThe Financial Services Authority of Seychelles (FSA) has taken enforcement action against MX Global Ltd for operating the MEXC cryptocurrency exchange platform without the required license under the Virtual Asset Service Providers Act, 2024. Despite previous public statements and a transition period, MX Global Ltd failed to apply for a license or inform the Authority of its activities. The FSA's investigation confirmed MX Global Ltd as the operator, reinforcing that the company is not authorized for virtual asset activities in Seychelles.
FSA SeychellesThe Financial Conduct Authority (FCA) has issued a warning against PCP Refunds 4U Ltd, stating that the firm may be providing or promoting financial services without proper authorization. The FCA advises consumers to avoid dealing with this firm due to the lack of regulatory protection, including access to the Financial Ombudsman Service or the Financial Services Compensation Scheme. This warning was first published and last updated on June 19, 2026, targeting UK consumers.
The Financial Conduct Authority (FCA) is providing an update on the reforms to the UK Money Market Fund (MMF) Regulation, following the Government's plans to replace current rules. The FCA consulted on proposals to enhance the resilience of UK-domiciled MMFs, including significant increases in minimum liquid asset requirements and the removal of the regulatory link between liquidity levels and the need for managers to impose tools such as liquidity fees or redemption gates. Responses to the consultation generally supported most proposals, particularly 'delinking', although questions were raised regarding the proposed increase in MMF liquidity levels.
The Financial Conduct Authority (FCA) has initiated civil proceedings against Neil Woodford and W4.0 for allegedly operating without proper authorization. The FCA claims that Mr. Woodford and W4.0 are providing regulated investment advice and financial promotions through their platform www.w4pz.com, in violation of sections 19 and 21 of the Financial Services and Markets Act 2000 (FSMA). The regulatory body is seeking an injunction to halt these activities.
The Financial Conduct Authority (FCA) is proposing rule changes to make mortgages more accessible, especially for first-time buyers, older borrowers, and the self-employed. These changes aim to give lenders more flexibility in assessing a borrower’s finances to better reflect individual circumstances. The FCA acknowledges the trade-offs in widening access but emphasizes the long-term benefits of home ownership over renting.
The FCA has decided to fine Carlos Fuenmayor, CEO of BancTrust, £99,600 for failing to disclose three separate matters to the regulator. These failures included not revealing a US FINRA investigation and sanction, and the freezing of his bank accounts in Venezuela. The FCA stated that these omissions prevented a full assessment of Mr. Fuenmayor’s fitness and propriety.
The High Court has confirmed the appointment of special administrators for Euro Exchange Securities UK Limited (EES) after the firm ceased trading. This action follows the FCA's concerns regarding EES's operations, which indicated significant financial crime risks. The special administrators will work to ensure client funds are returned and investigate the firm's practices.
Emad Aladhal, director of retail banking, delivered a speech at the Later Life Lending Summit discussing the potential of later life lending as the fourth pillar in retirement. He highlights the need for a joined-up approach across product design, advice, and support to build consumer trust and deliver good outcomes. The FCA pledges to support a better-functioning market while emphasizing the industry's role in leading this change.
Therese Chambers, Joint Executive Director of Enforcement and Market Oversight at the FCA, delivered a speech at the IBA Anti-Corruption Conference discussing the evolving nature of financial crime. She highlighted the FCA's commitment to using all available tools, including enforcement, to prevent harm before it escalates. Chambers emphasized the importance of a collaborative, global approach involving regulators, law enforcement, and industry to combat financial crime effectively.
The Financial Conduct Authority (FCA) has closed its investigation into Drax Group PLC, concluding that there was insufficient evidence to justify further action. The investigation focused on disclosures made in Drax's annual reports regarding the sustainability of its Canadian biomass. The FCA emphasized its commitment to taking action when evidence supports it, and closing cases swiftly when it does not.
The Financial Conduct Authority (FCA) has announced that Amplifi Capital (U.K.) Limited, Solvenza Limited, Silicon Marketing Limited, and Halo Financial Limited have all entered administration between May and June 2026. This indicates financial difficulties leading to the appointment of administrators to manage their affairs. Additionally, the High Court has approved the distribution of money recovered from Argento Wealth Limited to eligible investors.
