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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 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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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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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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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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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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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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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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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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June Regulatory Update

By Joseph Paice | Uncategorized | 0 Comments

Financial Ombudsman Service publishes 2019/20 complaints data and future strategy Following the FOS’s consultation on it’s future strategy (published Dec 2019) it has published it’s 2019/20 annual complaints data alongside its future strategy looking ahead to 2025 and beyond. The 2019/20 annual complaints data shows that the FOS received over 270,000 new complaints relating to […]

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