The companies, products and regulatory developments shaping the broker industry.
A reconciliation of two FCA publications separates a 5.7% fall in firms from incomplete entry-and-exit counts. The regulator reports stable adviser numbers, making consolidation a different question from lost advice capacity.
Hong Kong plans to widen restricted financial-business titles, but statutory amendments still require legislative approval.
The action against the UK entity took effect on 19 October. The final notice links overdue fees and levies to failures of suitability and regulatory cooperation.
The claim targets allegedly unauthorised transactions between 2018 and 2022. Its outcome turns on the contracts, UK regulatory perimeter and available remedies, alongside the exchange’s separate withdrawal process.
The gateway opened on 30 September 2026. The 28 February 2027 application-window deadline affects the transition available before the full regime starts on 25 October 2027.