The Financial Conduct Authority (FCA) has secured a further victory in its land bank battle as a man has been sentenced to six years and nine months imprisonment for his part in operating a £4.3 million unauthorised collective investment scheme. Read more.
A document seen by Reuters shows regulators are considering drafting a new law that will offer free credits covering between 30 and 100 per cent of companies’ carbon emissions, depending on how likely they are to relocate abroad. Read more.
The United Nations climate secretariat’s head of carbon-market demand encouraged countries to use existing credits created under the Kyoto Protocol to meet emission-reduction targets even after that pact ends in 2020. Read more.
Experts are warning that boiler room scammers have been stepping up their efforts to trick UK investors – in the wake of the new pension freedoms rolled out in April. The scams are so sophisticated that increasingly investors are falling for their lies. Read more.