Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

FCA definition

What does FCA mean? In legal practice, FCA means the UK financial conduct authority, the conduct regulator for most financial services firms and markets. It sets and enforces conduct standards (including the Consumer Duty), authorises firms and individuals, and oversees markets so they function well for consumers and market integrity. Created by the Financial Services Act 2012 and exercising powers under the Financial Services and Markets Act 2000 (FSMA), the FCA replaced the FSA in 2013. It makes rules in the FCA Handbook, polices financial promotions (FSMA s.21), supervises firms, and uses extensive enforcement powers. The FCA is the UK competent authority...

Financial services references to the Upper Tribunal (Tax and Chancery Chamber): procedure, powers, disciplinary and non‑disciplinary references, expedited route, applications, appeals and third party rights

Published by a LexisNexis Financial Services expert

Practice notes

The Financial Services enforcement database

The Financial Services Enforcement Database brings together comprehensive details on substantive Financial Conduct Authority (fca) and Prudential Regulation Authority (PRA) Final Notices and, where obtainable, Decision Notices, covering 2014 onwards. The Database can be searched and refined by fields including rule/legislation breach, keyword, sector, date, financial penalty, facets of financial penalty analysis, outcomes such as redress and prohibition orders, and further actions like referrals to the Upper Tribunal. This Practice Note sets out the law and process for making a reference to the Upper Tribunal (Tax and Chancery Chamber) following a disciplinary or non-disciplinary decision of the FCA or the PRA; including decisions on restrictions, financial penalties and prohibition orders under the Financial Services and Markets Act 2000 (FSMA 2000), and the FCA’s registration of cryptoasset firms under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, SI 2017/692 (MLRs). It addresses the Upper Tribunal’s role and scope of its powers when determining references in financial services matters. The Upper Tribunal also has jurisdiction to hear appeals against decisions of other lower tribunals, chambers and regulators. Such appeals fall entirely outside the scope of this Practice Note...

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Guy Wilkes

Mishcon de Reya

Guy is a Partner in the Finance and Banking Disputes Group. He specialises in financial services regulatory disputes and has been involved in some of the FCA and PRA's highest profile investigations into both individuals and institutions. He was formerly a member of the FCA's senior leadership team and had responsibility for developing enforcement strategy, especially in relation to financial crime and anti-money laundering where he chaired the cross-divisional working group. While at the FCA, Guy set up and ran an internal expert group for investigations against senior individuals. Guy also conducts and advises clients on internal investigations, including those involving senior managers. His regulatory experience involves a wide range of matters including anti-money laundering and anti-bribery controls, listings rule breaches, conflicts of interest, suitability of investment advice, treatment of customers, client asset rules, market misconduct, competition law and personal culpability of...

Sheron Cheng

Mishcon de Reya

Sheron is an associate in Mishcon de Reya's highly regarded Financial Services Investigations and Enforcement practice. She has experience on contentious regulatory and enforcement work and has experience advising firms and senior individuals under regulatory investigation by regulators such as the Financial Conduct Authority ("FCA"). Prior to joining Mishcon, Sheron worked at the Enforcement division of the FCA where she gained valuable insight into the FCA's approach to enforcement. Sheron is dual qualified as a lawyer in both England/Wales and Hong Kong....

Elizabeth Hope

Mishcon de Reya

Elizabeth is a Managing Associate in Mishcon's highly regarded Financial Services Investigations and Enforcement practice.Elizabeth's practice is exclusively focussed on contentious regulatory and enforcement work, and she has significant experience advising firms and senior individuals at risk of, or under, regulatory investigation by the Financial Conduct Authority ('FCA') and Prudential Regulation Authority ('PRA') for alleged serious misconduct or rule breaches. Elizabeth has played a key role in some of the most important financial services cases of recent years and brings great experience, strategic insight and judgement. Her experience includes cases concerning complex multi-party market abuse, serious misconduct, supervisory/pre-enforcement enquiries and internal investigations. Elizabeth's skills were strengthened by a seven-month secondment to the FCA's Enforcement Division where she gained valuable insight into the FCA's approach to Enforcement and future priorities.Elizabeth also has a range of experience representing clients faced with enquiries or...

Web page updated on 21/05/2026

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