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FCA urges unauthorised land banking scheme victims to get in touch to return funds

Publish date: 01 March 2019
Issue Number: 60
Diary: CompliNEWS
Category: General

The UK's Financial Conduct Authority (FCA) is urging members of the public who invested in unauthorised collective investment schemes, and who may be eligible to receive some of their money back, to get in contact with the FCA.

Between 2005 and 2010, approximately 870 members of the public invested approximately £32.8m in unauthorised collective investment schemes established and operated by Countrywide Land Holdings Limited, James Kenneth Maynard (trading as Regional Land and Countrywide Land Holdings Limited) and Stephen Ronald Watkins (trading as Consolidated Land UK Limited). These schemes involved the unlawful selling of plots of land.

FCA media release

FSA secures £32 million High Court judgment against three land banks (2012)

Working Smart

By Lee Rossini

Although still in its infancy, the term agentic AI is being heard more frequently. It refers to AI that can act autonomously to achieve goals, make decisions, and adapt to changing environments with minimal human intervention. Unlike traditional AI models that respond only to direct prompts, agentic AI systems are designed with a sense of 'agency': they can plan, execute multi-step tasks, interact with other systems, and learn from outcomes. These systems often combine reasoning, memory, and tool usage, enabling them to operate more like digital collaborators than passive tools.