The U.K. government's plans to tighten the rules for appointed representatives will give the Financial Conduct Authority a far greater enforcement hook, making the regime costlier and harder to access by the companies it is designed to support, lawyers have warned.
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SATURDAY, AUGUST 23, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

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Analysis

Appointed Reps Reform Gives FCA Bigger Enforcement Hook

By Alex Davidson

The U.K. government's plans to tighten the rules for appointed representatives will give the Financial Conduct Authority a far greater enforcement hook, making the regime costlier and harder to access by the companies it is designed to support, lawyers have warned.

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FCA Warns Firms Of Failings In Algorithmic Trading Controls

By Alex Davidson

The Financial Conduct Authority said Thursday that trading companies need to address deficiencies in algorithmic trading controls, noting poor record keeping with compliance staff lacking oversight of controls.

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Injury Firm Seeks Guidance On Payouts For Trans Claimants

By Joel Poultney

A personal injury law firm called for sector-wide guidance on compensation calculations for transgender claimants on Thursday, in order to prevent inequalities in payouts following the U.K. Supreme Court's controversial ruling on the definition of sex.

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POLICY & REGULATION

BoE Says No Urgent Need To Raise £85K APP Fraud Limit

By Alex Davidson

The Bank of England called Thursday to keep the £85,000 ($114,000) limit for compulsory reimbursement of victims of authorized push payment fraud in payments made through the CHAPS settlements system at a time it is under review.

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Health Insurance Uptick Fuels £123M Rise In UK Tax Revenue

By Dawood Fakhir

Mounting pressure on Britain's public healthcare system is spurring the uptake of health insurance products and boosting government tax revenue, financial services consultancy Broadstone said Thursday.

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NEWS IN BRIEF

Brief

Oxford Uni Sues Aviva Over COVID Interruption Insurance

By Joel Poultney

A group of colleges and halls of residence of the University of Oxford have sued Aviva over the insurance giant's alleged failure to pay out for losses sustained during the COVID-19 pandemic.

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Brief

ABI Data Shows Insurers Paid £472M In Travel Claims For 2024

By Dawood Fakhir

British insurance companies paid £472 million ($634 million) to settle travel insurance claims in 2024, the Association of British Insurers said Thursday.

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LAW FIRMS IN TODAY'S NEWS

Eversheds Sutherland

Holman Fenwick

Kennedys Law LLP

Minster Law

Mishcon de Reya

Norton Rose

Travers Smith

COMPANIES IN TODAY'S NEWS

Association of British Insurers

Aviva SA

Greensill Capital

London Stock Exchange Group PLC

GOVERNMENT AGENCIES IN TODAY'S NEWS

Bank of England

European Union

Financial Conduct Authority

Financial Ombudsman Service

UK High Court