New APP Fraud Reimbursement Regulations
What is Authorised Push Payment Fraud Authorised Push Payment (APP) Fraud occurs when someone is tricked into authorising a payment to a fraudster posing as a legitimate recipient. APP Fraud […]
Dear CEO: FCA’s Expectations for Financial Advisers and Investment Intermediaries
On 7 October 2024, the Financial Conduct Authority (FCA) wrote a Dear CEO letter to financial advisers and investment intermediaries. The Letter provides an outline of the FCA’s priorities and […]
AI in Financial Services
AI and its impact in financial services Artificial Intelligence (AI) has the potential to bring huge benefits, or, in some cases, significant risks. In the financial services sector, the possibilities […]
FCA PS24/10: Expansion of the Dormant Assets Scheme – Second Phase
Overview The Dormant Assets Scheme The Dormant Assets Scheme (DAS) is a UK government initiative designed to reunite people with their dormant financial assets, such as bank accounts, insurance policies […]
Corporate Finance Authorisation in the UK
The Corporate Finance regime in the UK consists of firms that offer various financial services and provide financial advisory services to corporate clients, such as companies, businesses and institutional investors. […]
FCA Proposed Changes to Consumer Credit Regulatory Returns
The FCA is proposing significant changes to consumer credit regulatory returns, targeting firms involved in activities like credit broking, debt adjusting, debt counselling and providing credit information services. These proposed […]
Upcoming Retail-Disclosure Requirements Reform
Introduction On 19th September 2024 the Financial Conduct Authority (“FCA”) announced its commitment to reform the retail disclosure requirements, moving away from the EU-inherited consumer cost disclosure regulations. The reform […]
Key Messages for Firms – Consumer Duty Fair Value Assessment
Introduction We are now a little over a year into the full implementation of the Consumer Duty, on 31st July 2023, with closed products now also subject to the rules. […]
The FCA Digital Securities Sandbox
The Digital Securities Sandbox (DSS) Following its launch in December 2023, and the joint Bank of England and FCA Consultation Paper in April 2024, the DSS is now open for […]
Understanding FCA Mortgage Authorisation in the UK
The UK mortgage industry is tightly regulated to protect consumers and maintain high standards of financial services. Central to this regulatory framework is the Financial Conduct Authority (FCA) which ensures […]