1.3 Wed 30/09/2020 - 12:00 Reference texts Articles 318-44, 321-77, 321-81 and 323-39 of the General Regulation Articles 47, 48 and 92 of Delegated Regulation (EU) 231/2013 of the European Parliament and of the Council of 19 December 2012 …

Five fast-growing firms have joined the FCA’s Scale-up Unit, receiving tailored support to help them innovate, navigate regulation and grow sustainably. ClearScore, Modulr, Teya, Urban Jungle and Zilch, spanning payments, consumer finance, credit information and insurtech, are the first firms regulated solely by the FCA to take part. The Scale-up Unit gives firms tailored regulatory support as they develop new products, respond to policy changes and manage the challenges of rapid growth. Insights from a recent pilot with 15 high-growth firms, published on 10 August 2026, show that early investment in governance, risk management and controls helps firms manage the opportunities and challenges of growth, as well as scale sustainably.‘High-growth firms play a vital role in driving economic growth across the UK,’ said Jessica Rusu, chief data information and innovation officer, FCA. ‘We want the UK to remain one of the best places in the world to start, grow and scale a financial services business. That’s why we're supporting ambitious firms as they scale, helping them navigate regulation and innovate with confidence.’Six firms, jointly regulated by the FCA and PRA, were announced as the Scale-Up Unit’s first cohort in February. Applications for the next group will open soon.Since the FCA launched its innovation services, it has supported more than 1,000 innovative and growing firms.Notes to editorsThe FCA opened applications for solo-regulated firms to join the Scale-up Unit pilot in May. Applications closed on 22 June 2026.Read more about the Scale-up Unit.ClearScore, Modulr, and Zilch are part of the Unicorn Council for UK FinTech, a coalition established by Innovate Finance which brings together UK-based fintech unicorn founders and CEOs aiming to accelerate growth in the sector.The Scale-up Unit sits alongside the FCA’s existing programmes, including Innovation Pathways, Pre-Application Support Service (PASS) and Early and High Growth Oversight function, creating a clear pathway from start-up to scale-up.Early and High Growth Oversight identifies firms experiencing rapid growth at an earlier stage – including newly authorised firms, and those undergoing significant change – and provides proactive engagement to help them navigate key challenges as they scale.Between July 2025 and March 2026, the FCA engaged with 15 firms across asset management, wealth management and payments as part of an Early and High Growth Oversight pilot. This was to identify rapidly growing firms earlier and support them as they establish and evolve their business. The FCA assessed whether their governance, risk management and control frameworks were developing in line with their growth and has published insights from this pilot.

The FSMA wishes to draw the attention of the public to fake information sites that steal the identity of Belgian media to promote fraudulent trading platforms. These fake websites fraudulently use the visual identity and name of well-known Belgian or international media outlets (Le Soir, La Libre, HLN, Euronews, etc.) to lend credibility to the investment offers they promote. The FSMA therefore urges consumers to be particularly vigilant.Fraudsters are increasingly using fake information websites that steal the appearance of well-known Belgian and international media outlets. The fake articles they publish there are in fact disguised advertisements whose sole objective is to encourage readers to fill in a contact form in order to be contacted by a fraudulent trading platform. To lend the appearance of credibility to their contents, these fraudsters shamelessly steal the identity of Belgian celebrities. They attribute false statements to them or make it seem as if they were investing in online trading platforms. These fake press articles often describe alleged incidents occurring during a televised debate or interview aired on Belgian TV stations. In so doing, they refer to so-called ‘clashes’ between politicians, economic or financial leaders and journalists or TV hosts, during which one of the participants apparently reveals to the public that investing in a trading platform is the secret to getting rich. The fraudsters try to reassure investors by claiming that these trading platforms comply with Belgian financial legislation and regulations and that they are authorized by the FSMA or the National Bank of Belgium. These fake articles are often accompanied by deep fake photos or video clips from programmes, in an effort to enhance their trustworthiness.The FSMA has identified a fraudulent trading platform by the name of BitKeltTrade, which uses the website: https://www.bitkelttrade.com.The FSMA also identified several fraudulent information sites that redirect consumers to the fake BitKeltTrade trading platform. These sites are:https://glowrift.inkhttps://mizinlolom.cyouhttps://mofnvexa.cyouhttps://radolovbelogor.clickhttps://vworlix.cyouhttps://yogrvexa.cyouThe FSMA reminds consumers that the presence of the name or logo of a well-known media site or public person does not in any way constitute a guarantee of reliability. Before making any investments, investors are encouraged to verify that the provider is authorized to provide investment services, and to exercise great prudence if they are presented with promises of returns on investment that seem too good to be true.

The European Banking Authority (EBA) today published its latest Environmental, Social and Governance (ESG) risk dashboard, showing continued stability in banks’ transition and physical climate risk indicators across the EU/EEA in second half of 2025. The results also indicate gradual improvements in the availability and quality of climate-related data, particularly for energy efficiency assessments of mortgage portfolios, supporting more robust climate risk monitoring in the banking sector.

 Warning:Unauthorised Investment Firm / Investment Business Firm  Unauthorised Firm NameJP Morgan Asset Management (Clone) Website Addressesjpmorgan-income.comjpmorgan-ireland.com  Email Addresses usedPeter.fyfe@jpmorgan-ireland.comwilliam.colley@jpmorgan-income.comCompliance@jpmorgan-ireland.com Telephone Numbers used+353 1 263 3063+353 1 263 3070 Authorisation in IrelandJP Morgan Asset Management (Clone) is not authorised to operate as an investment firm or investment business firm in Ireland. Additional InformationThis scam firm has cloned the details (name and address) of the legitimately authorised firm JP Morgan Bank (Ireland) Public Limited Company in order to add an air of legitimacy to the scam.  It should be noted that there is no connection whatsoever between the legitimate JP Morgan Bank (Ireland) Public Limited Company and the unauthorised scam entity. The unauthorised entity is actively targeting Irish residents through unsolicited phone calls and emails, offering fixed-term deposit investment services and corporate and government bond investments.Notes:Any person wishing to contact the Central Bank with information regarding such firms / persons may telephone (01) 224 5800 or report an unauthorised firm directly to the Central Bank.For more information on how to protect yourself from financial scams, please visit www.centralbank.ie/financialscams The name of the above firm is published under section 53 of the Central Bank (Supervision and Enforcement) Act 2013.

Das Staatssekretariat für Wirtschaft (SECO) hat eine Änderung der Liste der sanktionierten natürlichen Personen, Unternehmen und Organisationen der Verordnung vom 21. März 2025 über Massnahmen gegenüber Personen und Organisationen, die mit den Taliban in Verbindung stehen (SR 946.231.07), publiziert. 

July 22, Chicago—NFA has ordered Hardee Brothers LLC, an NFA Member commodity pool operator and commodity trading advisor in New York, N.Y., to withdraw from and not reapply for NFA membership or principal status with an NFA Member at any time in the future. NFA also ordered Sidney Curtis Hardee, an associated person and principal of Hardee Brothers, to withdraw from and not apply for NFA membership or reapply for NFA associate membership or principal status with an NFA Member at any time in the future.

22 July 2026 ICMA’s AI in Capital Markets Working Group today published their response to the Financial Stability Board (FSB) public consultation on “Sound Practices for Responsible Adoption of Artificial Intelligence (AI)”.ICMA’s consultation response builds on its consistent engagement with policymakers and regulators on AI in Capital Markets. The full response, along with previous consultation submissions from the AI in Capital Markets (AICM) Working Group, can be accessed on our website here.Key points: ICMA members support the responsible adoption of AI within financial services and agree that AI oversight should be proportionate to the risk and materiality of each use case. ICMA supports a technology-neutral and flexible approach to AI governance, allowing frameworks to adapt as technologies evolve while maintaining robust risk management standards. Where possible, ICMA members encourage AI governance to be embedded into existing governance and risk management frameworks, rather than requiring separate AI-specific structures. ICMA members highlight that many risks stated in the report are not unique to AI applications (e.g. cybersecurity, data breaches, third-party dependency), whilst recognising that AI adoption can amplify existing risks and increase the surface area for vulnerabilities in organisations. They also encourage a clearer distinction between traditional AI and machine-learning applications and newer AI technologies, to ensure supervisory attention remains focused on the genuinely new or materially different risks. The proposed sound practices are broadly comprehensive and appropriate for senior management and board level individuals. However, greater emphasis should be placed on workforce readiness, skills development, training, and strategic workforce planning to support effective AI adoption. In the capital market, each business line will have different outputs and risk levels unique to their position, necessitating a devolution of responsibility into the relevant teams. The report would benefit from the inclusion of additional capital market case studies, such as using AI to extract information from bond documentation, enhance liquidity management, improve the accuracy of bond rating assessments, and make pricing predictions. ICMA encourages greater public-private collaboration, including through initiatives such as BIS Project Noor and CMORG, to foster a shared understanding of AI-related implications for financial stability and the broader financial system. Contact:emma.thomas@icmagroup.org