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United kingdom
Europe's Economic Crossroads: Recession Fears and S&P Global's
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Regulation
CySEC Extends Application Deadline for Post-Brexit Temporary Permissions
2021-01-28T15:10:45.000+02:00
UK companies can operate in the country till December 31, 2021.
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Payments
PayPoint Revenue Decline Continues in Q3 FY21
2021-01-21T12:00:22.000+02:00
Emoney and card payment transactions saw gains.
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News
Revolut Applies for UK Banking License
2021-01-11T13:58:38.000+02:00
The company already operates as a full bank in the EU with a Lithuanian license.
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News
Regulator Warns Britons on ‘High Return’ Crypto Schemes
2021-01-11T11:22:29.000+02:00
Demand for cryptos skyrocketed as the digital currencies are on a bull run.
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Retail FX
Pandemic Pushes 4,000 UK Financial Firms into Failure Risk
2021-01-07T12:53:08.000+02:00
The regulator had conducted a massive survey of the industry, gathering data from 23,000 firms.
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Regulation
Deutsche Börse Starts Regulatory Reporting in the UK after Brexit
2021-01-04T12:30:28.000+02:00
The UK trade repository was formed in March 2019.
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Institutional FX
Brexit: UK Regulator Offers Temporary Relief on Swaps Trading
2020-12-31T14:58:05.000+02:00
British companies can approach EU platforms till March 2021.
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Brokers
Interactive Brokers Wants Migration of East European Accounts to Hungary
2020-12-21T17:07:55.000+02:00
It is not clear if it is asking traders across the EU for such migration.
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Brokers
FXTM’s UK Subsidiary Quadruples Revenue in 2019
2020-12-21T11:19:40.000+02:00
The UK entity started to take clients in 2018.
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Brokers
AxiCorp’s UK Subsidiaries Saw Healthy Growth in FY2020 Business
2020-12-18T10:29:22.000+02:00
Revenue’s of both AxiCorp Limited and Star Financials came in positive.
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Brokers
eToro (UK) Posts Solid 2019 Revenue Jump
2020-12-17T09:21:32.000+02:00
The revenue of the UK unit in 2019 surged by 47.6 percent.
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Regulation
UK Crypto Firms Awaiting Recognition Get Temporary Relief
2020-12-16T11:25:22.000+02:00
The companies which have applied for recognition can offer their services till July 9, 2021.
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Regulation
FCA Permanently Bans Speculative Mini-Bond Mass Marketing
2020-12-10T13:15:16.000+02:00
The already imposed temporary ban will become permanent on January 1, 2021.
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News
Starling Becomes First Digital Bank to Post Profits
2020-11-20T15:09:44.000+02:00
The bank generated an operating profit of £0.8 million in October.
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News
Gemini Taps ClearBank for Banking Services in the UK
2020-11-19T11:27:29.000+02:00
The banking services will include dedicated account numbers, sort codes, and Faster Payments.
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Institutional FX
UK to Allow Share Trading in EU Post-Brexit
2020-11-04T13:09:49.000+02:00
The ESMA, on the other hand, wants to limit EEA company shares trading within the bloc.
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Payments
BBVA Pilots SWIFT gpi Integration into UK’s FPS Infrastructure
2020-10-15T12:55:21.000+02:00
SWIFT is actively testing instant international transfers using gpi.
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Regulation
UK’s FCA Bans Retail Sale of Crypto Derivatives
2020-10-06T13:00:36.000+02:00
The ban will come into effect on January 6, 2021.
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Brokers
TIOMarkets UK Turns Profitable in 2019
2020-09-30T12:28:20.000+02:00
Despite being a new brokerage, TIOMarkets is showing strong growth trends.
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Brokers
Gain Capital UK Reported £11.36 Million Loss in 2019
2020-09-29T10:49:38.000+02:00
Similar to its parent company, the FCA-regulated entity struggled with low volatility.
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Regulation
FCA Remains Vigilant; Flags Dozens of Clones, Shady Firms
2020-09-25T08:46:06.000+02:00
The regulator is actively blacklisting companies.to protect investors.
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Execution
Equiti Capital UK Reports $569K Profit for 2019
2020-09-24T10:35:03.000+02:00
After a solid performance in 2019, the trading provider also has a positive outlook for 2020.
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News
Gemini Enables GBP Deposits for Crypto Purchases in the UK
2020-09-24T08:44:25.000+02:00
The exchange received FCA recognition last August.
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Regulation
FCA Seeks Consultation on EEA Firms’ Post-Brexit Authorization
2020-09-23T14:46:11.000+02:00
The MiFID passporting rights for the EEA companies will expire on December 31, 2020.
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Executive Moves
Amerdeep Somal Appointed as the UK’s Complaints Commissioner
2020-09-10T06:49:12.000+02:00
The Complaints Commissioner oversees investigations against the FCA, PRA and the BoE.
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