Viewing post categorized under: Compliance
October Monthly Regulatory Update
By Kyte Ekstrom | AML, Compliance, FCA Regulation, FinTech | 0 Comments
GENERAL REGULATION UK Finance Publishes Report – Anti-bribery and Corruption Compliance -Definition of Public Officials UK Finance has worked with members to develop a practical and risk-based definition of ‘public officials’ for the purposes of anti-bribery and corruption compliance. The report states that it is widely recognised that bribery of public officials is particularly damaging, […]
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September Monthly Regulatory Update
By Kyte Ekstrom | Compliance, Crypto-Assests, FCA Regulation, FinTech, Investment, Investment Advisor, Investment Funds, News, Sustainable Investing, Uncategorized, Variation of Permission | 0 Comments
General TheCityUK Publishes Report Setting out Regulatory Strategy – Making the UK the Leading Global Financial Centre The report outlines an international strategy for the UK-based financial and related professional services industry. The aim is to make the UK the world’s leading international financial centre within five years. TheCityUK’s strategy takes a three-pronged approach, focusing on: […]
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July Monthly Regulatory Update
By Kyte Ekstrom | Compliance, Financial Promotions, FinTech | 0 Comments
FCA Publishes Dear Chair Letter and Guiding Principles – ESG and Sustainable Investment Funds The Dear Chair letter (dated the 19th of July) is addressed to the chairs of authorised fund managers (AFMs). The letter sets out ways of improving the quality and clarity of authorised environmental, social and governance (ESG) and sustainable investment funds. The FCA […]
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BIG Changes to Insurance Regulation
By Kyte Ekstrom | Compliance, FCA Regulation, FinTech, Insurance, Insurance Broker | 0 Comments
The FCA are making BIG changes to the way insurers and insurance distributors will have to review all of their policies and models. The FCA are planning on scrapping the idea of ‘price-walking’ (referring to when new insurance customers receive more competitive and cheaper premiums), as this contends the FCA’s objectives for a fair and […]
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June Monthly Regulatory Update
By 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 […]
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May Monthly Regulatory Update
By 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 […]
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Are you compliance happy?
By Kyte Ekstrom | Compliance, Compliance Retainer Service, Consumer Credit, Crypto-Assests, E Money, FinTech, Insurance, Investment, payments | 0 Comments
Is your current compliance solution cutting the mustard? Show us the scope and cost of your current compliance retainer and we will endeavour to match or beat what you’re currently paying AND enhance the scope. There’s an offer you can’t refuse! On the fence? Then consider this… Are you a square peg in a round […]
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April Monthly Regulatory Update
By Kyte Ekstrom | AML, Compliance, Crypto-Assests, FCA Regulation, FinTech, News | 0 Comments
Bank of England Publish Press Release on Central Bank Digital Currency The Bank of England and HM Treasury have announced the joint creation of a Central Bank Digital Currency (CBDC) Taskforce to coordinate the exploration of a potential UK CBDC. A CBDC would be a new form of digital money issued by the Bank of […]
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Does the Kalifa Review of UK FinTech go far enough?
By admin | Brexit, Compliance, Consumer Credit, Credit Brokers, Credit Lenders, E Money, FCA Regulation, Financial Industries, FinTech, Insurance, Investment, Investment Advisor, Investment Manager, News, payments, regtech | 0 Comments
FinTech is no longer a niche within financial services, nor is it a subsector. In fact, it is a core asset for Global Britain. This was the message from Ron Kalifa OBE, author of the Kalifa Review of UK Fintech, received with much praise by the industry. The independent Treasury review published on February 26th is […]
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Reinventing Your Compliance Management
By Joseph Paice | communications, Compliance, FinTech, News, regtech | 0 Comments
Setting the landscape Like many industries, technology has completely transformed the financial services industry. The explosion of FinTech is an already widely discussed topic, and one that I do not wish to exhaust here. However, what is interesting is how this new breed is being serviced in terms of their compliance needs – and yes, […]
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