Payments
PPS Money enters liquidation: what its agent network must do now
Premier Payment Solutions has collapsed with no FSCS cover and no safeguarding for customers. Agents face an unresolved authorisation question.
Eleanor Vance
Enforcement
Upper Tribunal confirms Odey industry ban: all five FCA allegations upheld, fine cut to £1.53m
The ban stands. The Tribunal found he dismantled his own firm's governance to escape accountability. For firms with owner-managers in senior manager functions, the mechanism is as instructive as the misconduct.
Policy
FCA seeks input on tokenised gold: perimeter uncertainty is the central question, bespoke regime among the options
Worth reviewing if you operate in wholesale commodity or digital asset markets. Responses close 23 October 2026.
Conduct
FCA proposes two GI value measures reporting cuts, with wider overhaul signalled for 2027
Worth reviewing, with a deadline to note. The FCA wants to drop two data fields from GI value measures reporting. If you submit that data, here is what changes, when it takes effect, and what is coming in 2027.
Enforcement
Man pleads guilty to fraud and forgery over fabricated Touchstone Exploration takeover bid
A London man has admitted fabricating a takeover approach for an AIM-listed oil company using false identities and forged documents. No action required; useful context on how the FCA is using its criminal enforcement powers.
Policy
FCA CP26/32: Fractional shares, crypto venue deferrals, and eight Handbook fixes open for comment until 12 October
Three changes carry real firm impact for crypto platforms, fractional share dealers, and banks; payment and e-money firms should also check the DISP definition update. Responses close 12 October 2026.
Policy
FCA open finance mortgage sprint: direction of travel, not confirmed policy
The FCA has published an outcomes report from its June 2026 mortgage and open finance sprint. Nothing is confirmed policy yet, but the conditions participants set out are specific enough to be worth tracking.
Enforcement
FCA decides to ban and fine adviser £742,700 for unauthorised DB pension transfer advice
The FCA has decided to ban Daniel Thomas and fine him £742,700 for advising 53 clients on DB pension transfers without the required qualifications. Findings are provisional pending an Upper Tribunal hearing.
Enforcement
FCA bans three Dolfin Financial figures behind £35.5m investor visa scheme
Three former senior figures at Dolfin Financial have been banned from financial services after the FCA found they ran a scheme that helped clients bypass UK investor visa requirements using false evidence of compliance.
Enforcement
FCA bans and fines former SVS Securities CEO over conflicts of interest and hidden exit penalty
Demetrios Hadjigeorgiou steered client pension money into high-risk products while SVS took issuer payments, then failed to stop a 10% exit charge customers never knew about.
Enforcement
FCA permanently bans debt management senior manager for concealing High Court director disqualification
Howard Roland Duckett hid a ten-year director ban from the FCA while holding two senior management functions. The prohibition is permanent.
Governance
FCA flags governance and risk failures at high-growth firms across asset management, wealth and payments
Worth reviewing. The FCA has published good and poor practice findings from its Early and High Growth Oversight pilot: forward-looking supervisory signalling that scaling firms cannot ignore.