ASIC has cancelled AGFA Accountants Pty Ltd's registered agent status due to breaches of its Registered Agent Terms and Conditions. This action underscores ASIC's ongoing enforcement focus on registered agent compliance and signals increased scrutiny of firms providing company registration services on behalf of clients.
The FCA has publicly flagged RUDIMENTAL24 INVESTITION as an unauthorized entity potentially targeting UK consumers with unlicensed financial services or products. Compliance teams should note this addition to the FCA Warning List as part of ongoing due diligence, screening, and anti-fraud monitoring processes, particularly where third-party or counterparty checks are involved.
ASIC has secured further NSW Supreme Court orders to protect assets held in the Deckchair Trust after discovering Christopher Edwards purportedly changed the trust's trustee shortly after provisional liquidators were appointed to his associated companies. This escalation—joining Edwards personally to the proceedings—signals ASIC's intent to pursue individuals who attempt to circumvent asset preservation orders through trust and corporate structuring maneuvers.
The FCA has issued updated guidance clarifying who must register under the Money Laundering Regulations (MLRs) to provide cryptoasset services in the UK, ahead of the new regulatory regime launching on 25 October 2027. Compliance teams at firms offering cryptoasset exchange, custodian wallet, or marketing services to UK customers should urgently assess registration obligations, given historically low approval rates and high withdrawal/rejection rates.
The FCA has added Finsbury Markets to its Warning List, confirming the firm is not authorized to provide or promote financial services in the UK. Compliance teams should treat this as a consumer protection and financial crime alert, ensuring no business relationships, referrals, or payment flows connect to this entity.
The FCA- and PRA-sponsored Climate Financial Risk Forum released six new publications in October 2025 covering adaptation finance, physical risk vendor benchmarking, quantitative scenario analysis, and nature-related risk. While non-binding, these materials signal regulatory expectations for how firms should mature their climate risk management practices and will likely inform future supervisory dialogue.
The FCA's September 2026 list of non-legal corrections and clarifications updates several Handbook provisions, most notably formalizing detailed record-keeping and notification requirements for the motor finance commission consumer redress schemes (CONRED) and updating DISP compensation limits. While described as having no legal effect or policy change, firms involved in motor finance redress must note the extensive new tabular record-keeping and reporting obligations now embedded in CONRED Sch 1 and Sch 2.
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