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April 12, 2021
Navigating the AML Minefield

By Simon Hill | Uncategorized | 0 Comments

The legal and regulatory landscape for a firm’s compliance with anti-money laundering and counter-terrorist financing can be a little daunting, to say the least. Between the various associations publishing guidelines and recommendations, and the lack of prescriptive requirements in legislation, it is not too difficult to see why this is an area where many firms […]

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February 23, 2021
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 […]

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January 29, 2021
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 […]

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January 24, 2021
The Supreme Court Ruling for FCA Business Interruption Insurance Cases

By Kyte Ekstrom | Compliance, Financial Industries, FinTech, Insurance, News, Uncategorized | 0 Comments

If, like most insurance brokers, advisors and policyholders, you’ve been waiting with bated breath to find out the outcome of the business interruption insurance appeal. The wait is finally over. Depending on your perspective, you can either, finally take a sigh of relief, or exhale in exasperation as you read on. The Supreme Court handed […]

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December 8, 2020
November Regulatory Update

By Simon Hill | Uncategorized | 0 Comments

FCA seeks views on change and innovation in the unsecured credit market as part of the Woolard Review – 2 November 2020 The FCA has published a Call for Input on change and innovation in the unsecured credit market as part of a review that considers how regulation can better support a healthy, unsecured lending […]

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November 6, 2020
October Regulatory Update

By Simon Hill | Uncategorized | 0 Comments

FCA publishes perimeter report 2019/20 – 29 September 2020 The FCA has published its second annual perimeter report, which determines which activities require authorisation and what level of protection consumers can expect for the financial services and products they purchase. The report aims to provide clarity to stakeholders on the FCA’s role and sets out […]

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October 14, 2020
September Regulatory Update

By Simon Hill | Uncategorized | 0 Comments

FCA publishes new webpage on Digital Sandbox – 2 September 2020 The FCA has published a new webpage containing information about the FCA DataSprint, a three week event held in July and August 2020 which brought together a wide range of participants from regulated firms, start-ups, academia, professional services and others. Participants collaborated on developing […]

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September 8, 2020
August Regulatory Update

By Simon Hill | Uncategorized | 0 Comments

FCA updates Handling of Complaints statement for firms – 31 July 2020 The FCA has published an updated version of the statement it originally published in May, to clarify its position on complaints handling during the Covid-19 pandemic. The regulator clarifies its position regarding: Complaint handling capacity and priorities Vulnerable consumers Maintaining the quality of […]

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August 11, 2020
July Regulatory Update

By Simon Hill | Uncategorized | 0 Comments

FCA publishes statement on its expectations for Benchmark Administrators and firms using Appointed Representatives regarding the Appointed Persons Regime (APR) – 30 June The FCA stated that it recognises that firms may need longer periods of temporary arrangements if, for example, an Approved Person is absent because of coronavirus, or if recruitment to replace an […]

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July 31, 2020
How to Assess Adequate Financial Resources

By Simon Hill | Uncategorized | 0 Comments

Introduction Following the consultation on its guidance in June 2019, in June 2020 the Financial Conduct Authority (FCA) has published the Finalised Guidance (FG20/1) on a framework for financial services firms ensure they have adequate financial resources. The guidance applies to all FCA-solo-regulated firms. We summarised the key information to take away from this guidance […]

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