FCA updates on reporting: FCA has updated alternative investment fund managers (AIFMs) on problems it is experiencing with its reporting system which means many AIFMs are currently unable to report. It stresses that, nevertheless, it expects all firms will be given the ability to report within one month of the reporting period ending 31 December 2014. All firms remain in scope of reporting obligations for this period. (Source: FCA Updates on Reporting)

FCA publishes Cifas MoU: FCA and the anti-fraud organisation Cifas have signed a memorandum of understanding (MoU) that took effect from 12 December 2014. The MoU addresses how the organisations work together in matters relating to current accounts for disqualified persons under the Immigration Act. (Source: FCA and Cifas Sign MoU)