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May Regulation Update

By Kyte Ekstrom | Brexit, Compliance, Crypto-Assests, ESG, FCA Inovation Hub, FCA Regulation, FinTech | 0 Comments

FCA Publishes Speech – Learning from Innovation The speech delivered by Nikhil Rathi, CEO of the FCA, provides the FCA’s perspective on what can be learned from the last 30 years; with a particular focus on innovation. Mr Rathi highlighted, among other things, that: digital skills will be integrated in all future financial services education, including […]

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April Regulation Update

By Kyte Ekstrom | Compliance, Compliance Retainer Service, FCA Inovation Hub, FCA Regulation, FinTech, Uncategorized | 0 Comments

PRA Publishes Consultation Paper – Regulated Fees and Levies 2022/23 Consultation paper (CP4/22) is relevant to all firms that currently pay PRA fees or are expecting to do so within the 2022/23 fee year. The proposals relate to: Fees applicable to firms in the temporary regimes. Changes to the internal model application fees and the model […]

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March Regulation Update

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 […]

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Operational Resilience – are you ready for World War Z?

By 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), […]

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February Regulation Update

By Kyte Ekstrom | Compliance, FCA Regulation, FinTech, Head of Compliance, MLRO | 0 Comments

GENERAL REGULATION FCA Publishes Policy Statement – PS21/3 Building operational resilience In December 2019, the FCA, in partnership with the Bank of England (BoE), and PRA consulted on proposed changes to improve the operational resilience of the UK financial sector. From their findings the Bank then published a ’shared Final Policy Summary’. The new FCA rules and […]

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Understanding the New Investment Prudential Regime – K-Factors & Capital Calculations

By Kyte Ekstrom | Compliance, FCA Regulation, FinTech, Investment, Investment Advisor, Investment Funds, Investment Manager | 0 Comments

The new regime has thrown a spanner in the works of all investment firms regulated by the FCA as it brings about BIG changes. The new requirements, which came into force on the 1st January 2022, seek to capture the potential harm posed by firms to their clients and the markets in which they operate. […]

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January Monthly Regulation Update

By 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 […]

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December Monthly Regulation Update

By Kyte Ekstrom | Agent Relationship, AML, Appointed Agent, Appointed Representative, E Money, FCA Regulation, Financial Promotions, FinTech, Investment, Investment Advisor, Investment Funds, Investment Manager, payments, Pensions, Regulatory Hosting, Umbrella Services | 0 Comments

December Headlines General Regulation– HM Treasury publishes Consultation Paper – Financial Promotion Exemptions– House of Commons Publishes Letter – Future of the UK and EU AML/CFT Regimes– FCA Publishes Consultation Paper (CP21/34)- Improving the Appointed Representatives Regime Payment Services, E-Money & Open Banking– FCA publishes Policy Statement (PS21/19) – Strong Customer Authentication– Transparency International UK publishes […]

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Final Rules UK IFPR – are you ready?

By Kyte Ekstrom | FCA Regulation, FinTech, Investment | 0 Comments

FCA Publishes Third Policy Statement (PS21/17) – Final Rules UK IFPR The final rules have been made in order to streamline and simplify prudential requirements for solo-regulated UK firms authorised under the Markets in Financial Instruments Directive (MiFID) regime. The rules form part of the FCA’s Investment Firms Prudential Regime (IFPR), and contain minor updates to the near-final […]

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November Monthly Regulation Update

By Kyte Ekstrom | AML, Consumer Credit, Credit Lenders, Crypto-Assests, E Money, FCA Regulation, FinTech, Insurance Broker, Investment Advisor, Uncategorized | 0 Comments

T’is the season to be compliant! Each month we publish the latest regulation updates and industry news. Our monthly regulation update covers only the salient points –  it’s the gift that keeps on giving! General Regulation– HM Treasury Publishes Supervision Report 2019/20 – AML and CTF– Speech by Economic Secretary – New Directions for the Future of UK […]

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