Tag Archives: compliance

March 8, 2021
Reinventing Your Compliance Management

By Joseph Paice | communications, Compliance, FinTech, News, regtech | 0 Comments

Setting the landscape Like many industries, technology has completely transformed the financial services industry. The explosion of FinTech is an already widely discussed topic, and one that I do not wish to exhaust here. However, what is interesting is how this new breed is being serviced in terms of their compliance needs – and yes, […]

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March 8, 2021
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 […]

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March 2, 2021
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 […]

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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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February 16, 2021
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 […]

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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 28, 2021
FCA Statement: Review Your Firms Regulatory Permissions

By Kyte Ekstrom | Compliance, Consumer Credit, Credit Brokers, Credit Lenders, E Money, FCA Regulation, Financial Industries, FinTech, Insurance, Investment, Investment Advisor, Investment Manager | 0 Comments

The mighty powers of the FCA are about to become even move vigilant! The Financial Services Bill 2019-2021 – which is currently making its way through parliament – means that the FCA will be able to act more quickly when they consider that firms are no longer carrying out regulated activities. The statement published on […]

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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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January 21, 2021
FCA Publishes Paper on COVID-19 and Recording Communications

By Kyte Ekstrom | Brexit, communications, Compliance, FCA Regulation, Financial Industries, FinTech, News | 0 Comments

The idea of working from home; not having to drag yourself out of bed at the crack of dawn and foregoing the drudgery of the daily commute, seemed like an unattainable pipe dream less than a year ago. Now, ten months since the first lockdown, working from home looks set to be the norm for […]

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January 19, 2021
National Risk Assessment of Money Laundering and Terrorist Financing 2020

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

If you’ve only just got up to speed with the implementation of the provisions of the 5th AML directive in 2020, and the UK’s Sanctions and AML Act in 2018 (which came into force at the end of the UK’s Brexit transition period) then news that HM Treasury and the Home Office have recently jointly […]

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