Terium Gestium (clone of FCA authorised firm)

Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm.

This is what we call a ‘clone firm’; and fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold called. They may use the name of the genuine firm, the ‘firm reference number’ (FRN) we have given the authorised firm or other details.

You can find out more about this scam tactic and how to protect yourself from clone firms.

Clone firm details

Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK:

Terium Gestium (clone of FCA authorised firm)

Address: 2nd floor, Waverley house, 7-12 Noel street, London W1F 8GQ

Telephone: 0974592779

Email: [email protected]

Website: www.terium-gestion.com

Be aware that the scammers may give out other false details or mix these with some correct details of the registered firm.

FCA authorised firm details

This FCA authorised firm that fraudsters are claiming to work for has no association with the ‘clone firm’. It is authorised to offer, promote or sell services or products in the UK and its correct details are:

Firm Name: Terium LLP

Firm Reference Number: 499087

How to protect yourself

We strongly advise you to only deal with financial firms that are authorised by us, and check the Financial Services Register to ensure they are. It has information on firms and individuals that are, or have been, regulated by us.

If you want to check a consumer credit firm that may not yet have been authorised by us, please also check the Interim Permission Register.

If a firm does not appear on the Register but claims it does, contact our Consumer Helpline on 0800 111 6768.

There are more steps you should take to avoid scams and unauthorised firms.

You should also be aware that if you give money to an unauthorised firm, you will not be covered by the Financial Ombudsman Service or Financial Services Compensation Scheme (FSCS) if things go wrong.

Report a clone firm

If you think you have been approached by an unauthorised or clone firm, or contacted about a scam, you should contact us. If you were offered, bought or sold shares, you can use our reporting form.

What to do if your firm is cloned

If you think your authorised firm has been cloned or scammers are fraudulently using your name or other details, contact our Firm Helpline on 0300 500 0597.

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Endorsement of credit ratings from the European Union into the United Kingdom for regulatory use in the event of a no-deal Brexit

Under the CRAR SI, the FCA will become the UK regulator of CRAs. Once the new regime is in place, any legal person wishing to issue or endorse credit ratings for regulatory purposes will need to be registered or certified with the FCA. As of the date of this statement, the following CRAs have either registered or intend to register with the FCA. These CRAs will be eligible to endorse ratings from affiliated EU entities, subject to meeting all the relevant provisions in the Regulation. 

List of CRAs intending to operate in the UK after Brexit

The endorsement of ratings from third-country affiliate CRAs allows these ratings to be used by market participants for regulatory purposes. This includes when calculating their capital requirements under the Capital Requirements Regulation and Solvency II. It is important that this practice can continue in a no-deal scenario.

A condition for the endorsement of ratings from a third country into the UK is that the legal and supervisory framework of the third country is deemed to be as stringent as the UK’s. In the context of the FCA’s assessment of the EU regime, the FCA has assessed the EU’s framework against these criteria and has concluded that the legal and supervisory framework meets the conditions for endorsement.

The FCA can confirm that the EU regime is ‘as stringent as’ the UK’s regime for the purpose of the endorsement requirements. However, the decision to endorse some or all the credit ratings issued by EU-based CRAs is one that lies exclusively with UK CRAs. Therefore, those CRAs must ensure they comply with all the requirements in Article 4(3) of CRAR, as amended by the CRAR SI.

ESMA has undertaken a similar exercise to assess the UK’s regulatory and supervisory framework. We welcome ESMA’s announcement that it deems the UK regime to be ‘as stringent as’ the EU regime.

In any event, to ensure a smooth transition to the new regime under a no-deal scenario, ratings issued or endorsed by a CRA established in the EU before exit day and not withdrawn immediately before exit day, will still be available for regulatory use for up to one year after exit, as set out in the CRAR SI and the FCA’s Transitional Direction exercising our Temporary Transitional Power. The Transitional Direction provides relief in the form of a run-off period for ratings issued or endorsed by EU-based CRAs who are not registering with the FCA to be used for regulatory purposes in the UK for up to one year after exit day.

For further information on the UK regulatory and supervisory regime for CRAs, see our webpage for Credit Rating Agencies or email us: [email protected]

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Secure Life (clone of FCA authorised firm)

Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm.

This is what we call a ‘clone firm’; and fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold called. They may use the name of the genuine firm, the ‘firm reference number’ (FRN) we have given the authorised firm or other details.

You can find out more about this scam tactic and how to protect yourself from clone firms.

Clone firm details

Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK:

Secure Life (clone of FCA authorised firm)

Telephone: 02038682824

Website: http://uo.svkpro.com/

Be aware that the scammers may give out other false details or mix these with some correct details of the registered firm.

FCA authorised firm details

This FCA authorised firm that fraudsters are claiming to work for has no association with the ‘clone firm’. It is authorised to offer, promote or sell services or products in the UK and its correct details are:

Firm Name: Secure Life Limited

Firm Reference Number: 797626

How to protect yourself

We strongly advise you to only deal with financial firms that are authorised by us, and check the Financial Services Register to ensure they are. It has information on firms and individuals that are, or have been, regulated by us.

If you want to check a consumer credit firm that may not yet have been authorised by us, please also check the Interim Permission Register.

If a firm does not appear on the Register but claims it does, contact our Consumer Helpline on 0800 111 6768.

There are more steps you should take to avoid scams and unauthorised firms.

You should also be aware that if you give money to an unauthorised firm, you will not be covered by the Financial Ombudsman Service or Financial Services Compensation Scheme (FSCS) if things go wrong.

Report a clone firm

If you think you have been approached by an unauthorised or clone firm, or contacted about a scam, you should contact us. If you were offered, bought or sold shares, you can use our reporting form.

What to do if your firm is cloned

If you think your authorised firm has been cloned or scammers are fraudulently using your name or other details, contact our Firm Helpline on 0300 500 0597.

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Union Capital Partners | FCA

Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us.

However, some firms act without our authorisation and some knowingly run investment scams. 

This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.

Union Capital Partners

Address: AON Center, 200 East Randolph Street, Chicago, IL 60601 USA

Telephone: +1 773 312 4897

Email: [email protected]

Website: https://unioncapitalpartners.com

How to protect yourself

We strongly advise you to only deal with financial firms that are authorised by us, and check the Financial Services Register to ensure they are. It has information on firms and individuals that are, or have been, regulated by us.

If you want to check a consumer credit firm that may not yet have been authorised by us, please also check the Interim Permission Register.

If a firm does not appear on the Register but claims it does, contact our Consumer Helpline on 0800 111 6768.

There are more steps you should take to avoid scams and unauthorised firms.

You should also be aware that if you give money to an unauthorised firm, you will not be covered by the Financial Ombudsman Service or Financial Services Compensation Scheme (FSCS) if things go wrong.

Report an unauthorised firm

If you think you have been approached by an unauthorised firm or contacted about a scam, you should contact our Consumer Helpline on 0800 111 6768. If you were offered, bought or sold shares, you can use our reporting form.

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Payton Capital Partners | FCA

Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by us.

However, some firms act without our authorisation and some knowingly run investment scams. 

This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation.

Payton Capital Partners

Address: 660 Madison Avenue, Suite 1700, New York, 10001, USA

Telephone: +1 914 343 1762

Fax: +1 914 462 3771

Email: [email protected]; [email protected]

Website: www.paytoncapital.com

How to protect yourself

We strongly advise you to only deal with financial firms that are authorised by us, and check the Financial Services Register to ensure they are. It has information on firms and individuals that are, or have been, regulated by us.

If you want to check a consumer credit firm that may not yet have been authorised by us, please also check the Interim Permission Register.

If a firm does not appear on the Register but claims it does, contact our Consumer Helpline on 0800 111 6768.

There are more steps you should take to avoid scams and unauthorised firms.

You should also be aware that if you give money to an unauthorised firm, you will not be covered by the Financial Ombudsman Service or Financial Services Compensation Scheme (FSCS) if things go wrong.

Report an unauthorised firm

If you think you have been approached by an unauthorised firm or contacted about a scam, you should contact our Consumer Helpline on 0800 111 6768. If you were offered, bought or sold shares, you can use our reporting form.

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FCA FIRDS open for firms to test publication from 14 March 2019

In February 2019, we announced that if the UK leaves the EU without an implementation period (a no-deal scenario), firms and trading venues should make reasonable steps to comply with any requirements they have to submit instrument reference data from exit day. 

We have built FCA FIRDS for firms and trading venues to submit this data. In a no-deal scenario, FCA FIRDS will replace the ESMA FIRDS system in the UK

Testing FCA FIRDS publishing solution

From 14 March 2019, firms will be able to test FCA FIRDS’s publishing solution, which enables firms to download full and delta reference files. Firms will need to test using the FCA FIRDS production publishing system (not the FCA FIRDS industry testing publishing system which is currently being restricted as we complete some format and data verification).

To test FCA FIRDS production publishing system, firms should follow the instructions in the FCA Financial Instruments Reference Data System – Instructions on access and download of full and delta reference files.

Firms will be able to download FCA FIRDS delta files and compare them to the files from ESMA FIRDS.

FCA FIRDS will check that the reference data for each instrument identifier is consistent with the reference data in the relevant master record for that identifier. FCA FIRDS master record is determined by a logic that assigns priority to submissions from UK trading venues rather than the existing ESMA approach. As a result, firms may notice divergence in the published data between FCA FIRDS and ESMA FIRDS.

FCA FIRDS is open before Brexit for testing purposes only. ESMA FIRDS is the primary source for files until the exit day. This means ESMA DATINS and FULINS files should not be substituted with FCA FIRDS DATINS and FULINS files until we advise you to do so. Read FCA FIRDS and transaction reporting for further information.

Submissions to FCA FIRDS

Before Brexit, the FCA FIRDS production system will have a one-way connection to our MDP system. Data will flow into FCA FIRDS, but it will not generate feedback to firms. This allows daily Trading Venue Instrument Reference Data (TV IRD) files to be delivered and processed by ESMA as normal. So, for firms there will be no change to the origin of the feedback files.

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FCA introduces final rules on the Directory of financial services workers

Publishing this information on a regular basis will empower customers to make sure they only deal with individuals whom an authorised firm has assessed as fit and proper, or otherwise suitable and those who have appropriate qualifications.

The Directory will enable firms to cross-check references, make their staff known to customers and make it more difficult for unsuitable individuals to operate in the UK market.

This information will also support the FCA, law enforcement, professional bodies and other regulators in monitoring the market, building intelligence and targeting interventions.

These changes will allow users to search information on:

  • all Directors and Senior Managers
  • all staff certified as fit and proper by their firm
  • other important individuals who undertake business with clients and require a qualification to do so

This information will be made public in a clear and easy to use format. 

Jonathan Davidson, Executive Director of Supervision – Retail and Authorisations at the FCA, said:

‘The new Directory will help consumers to protect themselves from unauthorised individuals by clearly and easily identifying individuals who have been banned by the FCA. It will also help firms to understand the employment history of candidates when hiring.’

The final rules set out today require firms to report timely and accurate information about their Directory Persons. Firms will need to take all necessary action to gather the required information and ensure its accuracy prior to submission.  

Banking firms and insurers can start submitting data on Directory individuals using the FCA’s Connect system or the multi-entry facility around September 2019. All other firms can start submitting data as of 9 December 2019 following commencement of the Senior Managers and Certification Regime (SM&CR) for solo-regulated firms.

The FCA will communicate additional information on what firms need to do, including the exact date when FCA systems will open for submissions from banking firms and Insurers at a later stage. Further information on the data submission process and deadlines may be found in PS19/7.

The Directory is expected to go live in March 2020. 

Notes to editors

  1. Policy Statement PS19/7 – Finalising The Directory
  2. CP18/19: Introducing the Directory
  3. PS18/14: Extending the Senior Managers & Certification Regime to FCA firms – Feedback to CP17/25 and CP17/40, and near-final rules
  4. PS18/15: Extending the Senior Managers & Certification Regime to insurers – Feedback to CP17/26 and CP17/41 and near-final rules

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Ian Buckley Financial Services (clone of authorised firm)

Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm.

This is what we call a ‘clone firm’; and fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold called. They may use the name of the genuine firm, the ‘firm reference number’ (FRN) we have given the authorised firm or other details.

You can find out more about this scam tactic and how to protect yourself from clone firms.

Clone firm details

Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK:

Ian Buckley Financial Services (clone of FCA authorised firm)

Address: 8 Duncannon Street, Strand, London, WC2N 4JF

Telephone: 0207 062 6871; 07538 093 483

Website: www.ianbuckleyfx.com; www.ianbuckleyfs.com

Be aware that the scammers may give out other false details or mix these with some correct details of the registered firm.

FCA authorised firm details

This FCA authorised firm that fraudsters are claiming to work for has no association with the ‘clone firm’. It is authorised to offer, promote or sell services or products in the UK and its correct details are:

Firm Name: Ian Buckley (trading as Ian Buckley Financial Services)

Firm Reference Number: 501953

Address: Clawthorpe Hall Business Centre, Burton, Carnforth, Lancs, LA6 1NU

Telephone: 01539566983

Email: [email protected]

How to protect yourself

We strongly advise you to only deal with financial firms that are authorised by us, and check the Financial Services Register to ensure they are. It has information on firms and individuals that are, or have been, regulated by us.

If you want to check a consumer credit firm that may not yet have been authorised by us, please also check the Interim Permission Register.

If a firm does not appear on the Register but claims it does, contact our Consumer Helpline on 0800 111 6768.

There are more steps you should take to avoid scams and unauthorised firms.

You should also be aware that if you give money to an unauthorised firm, you will not be covered by the Financial Ombudsman Service or Financial Services Compensation Scheme (FSCS) if things go wrong.

Report a clone firm

If you think you have been approached by an unauthorised or clone firm, or contacted about a scam, you should contact us. If you were offered, bought or sold shares, you can use our reporting form.

What to do if your firm is cloned

If you think your authorised firm has been cloned or scammers are fraudulently using your name or other details, contact our Firm Helpline on 0300 500 0597.

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Changes to the Board of the Financial Conduct Authority announced

Richard has held senior roles in numerous consumer organisations, including Which?, where he was Executive Director. He is a founding trustee of the Money and Mental Health Policy Institute and is currently Chair of Resolver, the consumer complaint resolution organisation.

Richard Lloyd’s three-year term will begin on 1 April 2019.

Baroness Sarah Hogg has also been re-appointed as a Non-Executive Director for a second three-year term, starting on 1 April 2019. Baroness Hogg is an experienced director of listed companies including 3i, Carnival and GKN, and public bodies including the BBC. She is the FCA’s Senior Independent Director.

Finally, Amelia Fletcher OBE’s second term as a Non-Executive Director has also been extended for a further year, up to 31 March 2020. She will also continue to serve as a Non-Executive Director and Senior Independent Director of the Payment Systems Regulator during this period. Amelia is Professor of Competition Policy at Norwich Business School and a Non-Executive Director of the Competition and Markets Authority. 

Charles Randell, FCA Chair, said:

‘Richard’s proven expertise and deep experience of both consumer issues and financial services mean he is ideally placed to further reinforce the FCA Board’s consideration of consumer needs. I know he will make a significant contribution and I look forward to working with him. I am also delighted that that Sarah Hogg and Amelia Fletcher will continue to serve on the Board.’

John Glen, Economic Secretary to the Treasury, said:

‘Richard Lloyd’s wealth of experience as a consumer expert will be a valuable contribution to the crucial work of the FCA, ensuring our financial sector keeps customers at the heart of how firms do business. I am also delighted to re-appoint Baroness Sarah Hogg for a further three-year term, and to extend Amelia Fletcher’s second term by a further year. Both Sarah and Amelia have brought considerable expertise to the FCA Board, and I am grateful for their continued contributions.’

Notes to editors

The current FCA Board members are:

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Alternative Propositions Ltd (clone) | FCA

Almost all firms and individuals carrying out financial services activities in the UK have to be authorised or registered by us. This firm is not authorised or registered by us but has been targeting people in the UK, claiming to be an authorised firm.

This is what we call a ‘clone firm’; and fraudsters usually use this tactic when contacting people out of the blue, so you should be especially wary if you have been cold called. They may use the name of the genuine firm, the ‘firm reference number’ (FRN) we have given the authorised firm or other details.

You can find out more about this scam tactic and how to protect yourself from clone firms.

Clone firm details

Fraudsters are using or giving out the following details as part of their tactics to scam people in the UK:

Alternative Propositions Ltd (clone of FCA authorised firm)

Telephone: 0333 772 1523

Email: [email protected]

Website: www.alternativepropositions.co.uk

Be aware that the scammers may give out other false details or mix these with some correct details of the registered firm.

FCA authorised firm details

This FCA authorised firm that fraudsters are claiming to work for has no association with the ‘clone firm’. It is authorised to offer, promote or sell services or products in the UK and its correct details are:

Firm Name: Alternative Propositions Ltd

Firm Reference Number: 602443

Address: Anglia House, Carrs Road, Cheadle, Cheshire, SK8 2LA

Telephone: 0161 495 6000

Website: www.alternativeinsurancebrokers.co.uk

How to protect yourself

We strongly advise you to only deal with financial firms that are authorised by us, and check the Financial Services Register to ensure they are. It has information on firms and individuals that are, or have been, regulated by us.

If you want to check a consumer credit firm that may not yet have been authorised by us, please also check the Interim Permission Register.

If a firm does not appear on the Register but claims it does, contact our Consumer Helpline on 0800 111 6768.

There are more steps you should take to avoid scams and unauthorised firms.

You should also be aware that if you give money to an unauthorised firm, you will not be covered by the Financial Ombudsman Service or Financial Services Compensation Scheme (FSCS) if things go wrong.

Report a clone firm

If you think you have been approached by an unauthorised or clone firm, or contacted about a scam, you should contact us. If you were offered, bought or sold shares, you can use our reporting form.

What to do if your firm is cloned

If you think your authorised firm has been cloned or scammers are fraudulently using your name or other details, contact our Firm Helpline on 0300 500 0597.

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