By Kyte Ekstrom | AML, Brexit, Crypto-Assests, E Money, FCA Regulation, FinTech, Investment Advisor, Investment Manager, payments | 0 Comments
GENERAL REGULATION FSB publishes report: FinTech and Market Structure in the COVID-19 Pandemic – Implications for Financial Stability The Financial Stability Board (FSB) has published a report on the financial stability impact of the COVID-19 pandemic on FinTech and market structure. The main finding of the report is that the pandemic has accelerated the trend […]
Read MoreBy Kyte Ekstrom | Brexit, Compliance, Covid 19, E Money, FCA Regulation, Financial Industries, FinTech, Insurance, Investment, Operational resilience, payments | 0 Comments
Our operational resilience survival guide is here! Simon Hill, Compliance Manager at FinTech Compliance, details the FCA’s expectations to help you comply with the new rules and guidance which come into force on the 31st of March 2022. In December 2019 the FCA, Bank of England (BoE), and PRA (aka the Holy Trinity of regulation), […]
Read MoreBy Kyte Ekstrom | Brexit, Covid 19, FCA Regulation, FinTech | 0 Comments
GENERAL REGULATION FCA Publishes Consultation Paper – Strengthening Financial Promotion Rules The FCA is acting to concerns about the ease and speed with which people can make high-risk investments by proposing a significant strengthening of their rules on how high-risk financial products are marketed. Under the proposed rules, the FCA would ensure firms that approve and […]
Read MoreBy Kyte Ekstrom | Brexit, Compliance, Digital, FCA Regulation, Financial Industries, Financial Promotions, FinTech, Insurance, Investment, News, Pensions, regtech | 0 Comments
HM Treasury Consultation Response: Next Steps for Regulatory Framework on Approval of Financial Promotions HM Treasury has published a response to the July 2020 consultation on the regulatory framework for approval of financial promotions. The original consultation proposed to introduce a new FCA-operated regulatory ‘gateway’ through which authorised firms would need to pass before they […]
Read MoreBy Kyte Ekstrom | Brexit, Compliance, E Money, FCA Regulation, Financial Industries, Financial Promotions, FinTech, Investment, Investment Advisor, Investment Manager, News, payments, Pensions, regtech | 0 Comments
FCA Publishes Dear CEO Letter to E-money Firms on FSCS Protection The FCA has published a Dear CEO letter to e-money firms asking them to write to their customers to make clear how their money is protected. Firms must make it clear if the Financial Services Compensation Scheme (FSCS) does not apply. The FCA is concerned […]
Read MoreBy Kyte Ekstrom | Brexit, communications, Compliance, FCA Regulation, Financial Industries, FinTech, News | 0 Comments
The idea of working from home; not having to drag yourself out of bed at the crack of dawn and foregoing the drudgery of the daily commute, seemed like an unattainable pipe dream less than a year ago. Now, ten months since the first lockdown, working from home looks set to be the norm for […]
Read MoreBy Kyte Ekstrom | Brexit, Compliance, FCA Regulation, Financial Industries, FinTech, Investment, Investment Advisor, Investment Manager, News | 0 Comments
If you are unclear on the implications of the Withdrawal Agreement and how it will affect your business, you are not alone! The vague, obscure definitions, effectively mean a “hard Brexit” for financial services. The only decisive action agreed in the Joint Declaration states that the UK and EU will agree a framework for regulatory […]
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