FCA: Unauthorised investment scheme
FCA has charged Bruce Rowan, David Simmons, Robert Sweeney and Justin Russell with multiple counts of conspiracy to commit fraud by false representation. Robert Sweeney and David Simmons are also charged with money laundering. The defendants conspired to defraud via Hanover Merchant Capital UK Ltd and Liberty House Capital Ltd, by misleading UK investors that their money would fund water extraction and bottled water production, and about the returns they could expect.
Last updated · 13 Mar 2026
Regulatory News - Financial Services & Regulation
See allFCA: MS26/1: Later Life Mortgages Market Study – update
Following feedback from stakeholders, FCA has decided not to make any changes to its ToR, but has clarified the market study’s scope with regard to products and advice/consumer decision-making.
FCA: Board minutes
FCA has published the minutes of the meeting held on 23 April 2026, which included updates from the Chair and CEO.
For more information
FCA: Sponsorship arrangements between football clubs and unauthorised firms
FCA has raised concerns that a number of unauthorised firms, including crypto businesses and trading platforms, are using sponsorship and may be breaching UK financial services laws by providing financial services in the UK without authorisation. FCA has written directly to football clubs, mainly in the Premier League, to warn about their relationships with these firms and remind them of their responsibilities to fans.
The Financial Services and Markets Act 2023 (Commencement No. 14) Regulations 2026/587 (C47)
These Regulations bring into force on s1(1) FSMA so far as it relates to the revocation of certain instruments relating to short selling which are referred to in Schedule 1 to the Act. (Date in force: 13 July 2026)
For more information
HoL Financial Services Regulation Committee: Stablecoins – waiting for regulation
The Committee has now published its report. Amongst other matters, it concludes that the UK is currently lagging behind in developing its regulatory regime compared to the USA and EU and that there are some elements of the UK’s proposed regime which would diverge from international equivalents, including in requirements for systemic issuers to hold unremunerated backing assets, the proposed stablecoin holding limits, and the restrictions on commercial banks issuing stablecoins; The report sets out a number of recommendations for the authorities, including consideration of whether the existing legal frameworks are sufficient to detect and deter illicit activity using private unhosted and unregulated wallets.