Tag Archives: FinTech
September Monthly Regulatory Update
By Kyte Ekstrom | Compliance, Crypto-Assests, FCA Regulation, FinTech, Investment, Investment Advisor, Investment Funds, News, Sustainable Investing, Uncategorized, Variation of Permission | 0 Comments
General TheCityUK Publishes Report Setting out Regulatory Strategy – Making the UK the Leading Global Financial Centre The report outlines an international strategy for the UK-based financial and related professional services industry. The aim is to make the UK the world’s leading international financial centre within five years. TheCityUK’s strategy takes a three-pronged approach, focusing on: […]
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Don’t Screw up your VoP. A Cautionary Tale!
By Kyte Ekstrom | Variation of Permission, VoP Requirements | 0 Comments
Understanding and applying to the FCA for a Variation of Permission, known in short as VoP, has been a cause of confusion and embarrassment for one firm in particular of late. While we don’t like to point fingers, we would like to highlight the importance of submitting a properly considered and prepared application to ensure […]
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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 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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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 Monthly Regulatory Highlights
By Kyte Ekstrom | AML, communications, Compliance, Digital, E Money, Financial Industries, FinTech, News, payments | 0 Comments
FCA Consultation Paper Proposing Changes to SCA-RTS and guidance for Payment Services and Electronic Money The FCA has published consultation paper CP21/3 on the proposed changes to RTS (Regulatory Technical Standards) on SCA (Strong Customer Authentication) explores changes to the FCA’s guidance on payment services and electronic money. The FCA are taking this opportunity to […]
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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 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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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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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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