The Financial Conduct Authority (FCA) has officially charged Henrik Schliemann with nine criminal offences, which include fraud by abuse of position, fraud by false representation, and forgery. Schliemann previously served as a director of a merchant bank that was regulated by the FCA and had significant authority over financial matters and company accounts. The charges are serious and underscore the FCA’s commitment to maintaining integrity within the financial sector. This case highlights the ongoing efforts of regulatory bodies to address fraudulent activities and protect consumers from financial misconduct.
[Date: 4 December 2025]
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🟡 ESE Capital Limited FRN 469499 – Firm enters liquidation
ESE Capital Limited has entered Creditors’ Voluntary Liquidation as of December 1, 2025. The firm has appointed Adam Price and Lane Bednash from CMB Partners UK Limited as Joint Liquidators to manage the liquidation process. ESE Capital Limited was authorized by the FCA but faced financial difficulties leading to this decision. The liquidation process will allow creditors to recover funds in accordance with the legal framework governing insolvency. This development reflects the challenges some firms face in the current economic climate and the regulatory landscape.
[Date: 4 December 2025]
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🟢 Establishing a bond consolidated tape provider
A significant development has occurred regarding the bond consolidated tape contract, as the FCA has reached an agreement to lift the freeze on its award. This decision follows a High Court order and allows for the signing of a contract with Etrading Software (ETS). The establishment of a bond consolidated tape provider is essential for enhancing transparency and efficiency in the bond market, enabling better data access for market participants. This initiative is part of the FCA’s broader strategy to improve market infrastructure and ensure robust regulatory frameworks.
[Date: 4 December 2025]
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🔵 FCA simplifies complaints reporting process
In a move to enhance operational efficiency and consumer protection, the FCA has announced plans to simplify the complaints reporting process for firms. The regulatory body will replace five existing complaints returns with a single consolidated return, aiming to improve data quality and streamline the reporting mechanism. This initiative is expected to strengthen consumer protection across the sector by simplifying how complaints are tracked and resolved, ensuring that issues raised by consumers are addressed more effectively.
[Date: 4 December 2025]
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🟣 FCA helps firms to test AI safely
The FCA is launching an innovative initiative to assist firms in the financial sector to safely test artificial intelligence applications. The AI Live Testing program is the first of its kind in the UK financial markets, designed to provide firms with a controlled environment to explore the benefits and risks associated with AI technologies. Participating firms will receive tailored support to help them navigate the complexities of implementing AI solutions, ultimately fostering innovation while ensuring compliance with regulatory standards.
[Date: 4 December 2025]
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🔴 Cyber security incident, Wednesday 3 December update
On December 3, 2025, a significant cyber security incident was reported, prompting updates and response measures from local authorities. The specifics of the incident have not been disclosed, but it is clear that there is an ongoing effort to address the situation and mitigate any potential impacts on sensitive data and systems. Authorities are likely coordinating with relevant stakeholders to ensure a robust response to protect against future incidents, reflecting the growing concern over cyber security in today’s digital landscape.
[Date: 4 December 2025]
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