Viewing post categorized under: Uncategorized

October 14, 2019
September Regulatory Update

By Admin | Uncategorized | 0 Comments

The FCA fines Tullett Prebon £15.4 million The Financial Conduct Authority (FCA) has fined Tullett Prebon (Europe) Limited (Tullett Prebon) £15.4 million for failing to conduct its business with due skill, care and diligence, failing to have adequate risk management systems and for failing to be open and cooperative with the FCA. Tullett Prebon, now […]

Read More
September 25, 2019
August Regulatory Update

By Admin | Uncategorized | 0 Comments

Guidance for firms on the fair treatment of vulnerable customers The FCA  are currently consulting on Guidance to give firms involved in the supply of retail products or services clarity on how they should treat vulnerable customers fairly. The FCA’s Financial Lives survey found that 50% of adults show characteristics of potential vulnerability and thus […]

Read More
August 22, 2019
July Regulatory Update

By Admin | Uncategorized | 0 Comments

EBA publishes thematic report on the impact of fintech on payment and e-money institutions The EBA has conducted a thematic review on the impact financial technology has on the business models of payment and e-money institutions. The report, published July 8th, covers current key trends shaping institutions’ business models, the different approaches to financial technology […]

Read More
August 1, 2019
June Regulatory Update

By Admin | Uncategorized | 0 Comments

Assessing adequate financial resources – FCA Consultation Paper (CP19/20)  The FCA has published a Consultation Paper (CP19/20) on the purpose of, and the FCA’s approach to, its assessment of adequate financial resources for FCA solo-regulated firms. The Consultation Paper sets out: (i) the role of assessing adequate financial resources in minimising harm; (ii) what the […]

Read More
June 14, 2019
May Regulatory Update

By Admin | Uncategorized | 0 Comments

FCA publishes final report in relation to RBS GRG The Financial Conduct Authority (FCA) has today published the final report on its investigation into Royal Bank of Scotland’s (RBS) treatment of small and medium-sized enterprise (SME) customers transferred to its Global Restructuring Group (GRG). While admitting it “clearly fell short of the standards its customers […]

Read More
June 10, 2019
Regulatory Bulletin: New rules for P2P platforms

By Admin | Uncategorized | 0 Comments

FCA confirms new rules for P2P lenders In brief On 4th June 2019, the FCA published Policy Statement 19/14: Loan-based (‘peer-to-peer’) and investment-based crowdfunding platforms: Feedback to CP18/20 and final rules (PS19/14). The policy statement sets out the final policy positions the FCA have reached, taking into account feedback received in response to CP18/20. It also […]

Read More
May 14, 2019
April Regulatory Update

By Admin | Uncategorized | 0 Comments

Our Regulatory Update is a monthly digest of significant regulatory developments affecting FCA-regulated firms. FCA changes mortgage advice rules to encourage consumer choice The FCA has recently published proposals for changes to its mortgage sales requirements which will help to give consumers more choice in how they buy a mortgage. The proposals are one part […]

Read More
April 16, 2019
Regulatory Bulletin: FCA consults on Guidance for the Insurance sector

By Admin | Uncategorized | 0 Comments

FCA consults on Guidance for the Insurance sector In brief The FCA has proposed non-handbook guidance for insurance product manufacturers and distributors – see GC19/2. Insurance intermediaries, as product distributors, should consider the impact that their distribution strategy has on the overall value of the product to the customer. What does this mean? Product value in general insurance (GI) is an increasing […]

Read More
November 17, 2017
Are you ready for PSD2?

By admin | Uncategorized | 0 Comments

Are you ready for PSD2? Introduction The revised Payment Services Directive (PSD2) represents perhaps the most significant evolution of the way payment services are regulated in Europe; in short, it is expected to revolutionise the way we make payments online. In contrast to the majority of financial services legislation passed since 2008, PSD2 represents an […]

Read More
October 5, 2017
Regulatory Bulletin: ICOs

By admin | Uncategorized | 0 Comments

How are Initial Coin Offerings (ICOs) regulated? WHAT is it?  ICO, or Initial Coin Offering is a fundraising mechanism, which allows people to sell crypto-tokens in exchange for bitcoin and ether (which are cryptocurrencies). To understand how this works it is important to make sure you understand how cryptocurrencies came about in the first place, […]

Read More

Archives
Categories