Viewing post categorized under: FCA Regulation

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 […]

Read More
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 […]

Read More
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 […]

Read More
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 […]

Read More
Does the Kalifa Review of UK FinTech go far enough?

By Kayne Osbourne MCSI | 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 […]

Read More
March Monthly Regulatory Highlights

By Kyte Ekstrom | FCA Regulation, News | 0 Comments

The European Parliament publishes draft report on Crypto-assets regulation The European Parliament has published a draft report on the European Commission’s proposal for a regulation of the European Parliament and of the Council on markets in crypto-assets and amending Directive (EU) 2019/1937 (COM(2020)0593 – C9-0306/2020 – 2020/0265(COD)) Suggested amendments to the Regulation include: Amendment 1 – Authorisation […]

Read More
Please BoJo Help Fintech Grow!

By Kyte Ekstrom | Compliance, FCA Regulation, FinTech, News | 0 Comments

There is an old compliance joke. Yes, there are actually some jokes in compliance. No, they aren’t all funny! Some of them are the regulations themselves. In any case, there is a compliance joke which dips its toes into also poking fun at our dear departed friends, the EU. Although it has since been found […]

Read More
FCA Consultation Paper Proposing Changes to SCA-RTS and guidance for Payment Services and Electronic Money

By Kyte Ekstrom | E Money, FCA Regulation, FinTech, News, Uncategorized | 0 Comments

If you are thinking what the hell is an SCA or a RTS, and do I really need to care or read this? The answer is, on this rollercoaster ride through the horror hall of Covid-19 and the ever changing landscape of fintech, with fraudsters waiting in the shadows to jump out at anytime, can […]

Read More
UK Company Directors to Face Fines and Bans Under Audit Reform Proposal

By Kyte Ekstrom | Compliance, FCA Regulation, FinTech, News | 0 Comments

After the accounting scandals at Carillion PLC and Patisserie Valerie in 2018 and 2019, individual company directors are set to face potential fines and bans for major failures under proposals to overhaul corporate governance and audit oversight. Accounting errors which previously may have incurred a slap on the wrist for company board members will be […]

Read More
January Monthly Regulatory Highlights

By Kyte Ekstrom | AML, Brexit, communications, Compliance, Consumer Credit, Credit Brokers, Credit Lenders, E Money, FCA Regulation, FinTech, Insurance, Investment, Investment Advisor, Investment Manager, News, Uncategorized | 0 Comments

Don’t have time, or the will, to trawl through endless websites reading long articles about financial news and regulation. We’ve got you covered with our Monthly Regulatory Highlights – snippets of the past months regulatory news and updates (along with links to corresponding webpages and press-releases) – saving you time and making it easy for […]

Read More

Archives
Categories