Sustainability Disclosure Requirements – An Update
Introduction The Sustainability Disclosure Requirements (“SDR”) rules were published in November 2023 and were set out in the FCA’s policy statement PS23/16. These rules look to create transparency in the […]
Crypto-asset Promotions: Navigating the New Regulatory Landscape
In June 2023, the Financial Conduct Authority (“FCA”) issued Policy Statement 23/6 (the “Policy Statement”), outlining the financial promotion rules for cryptoassets. The new regime took effect on October 2023, […]
FCA Says that Principal Firms are Still Not Meeting Expectations
Two years have passed since the FCA introduced its new rules aimed at improving standards in the Appointed Representative (“AR”) sector (https://www.fca.org.uk/publication/policy/ps22-11.pdf) – prompted by the FCA’s view that the […]
Consumer Duty in Product Governance: Fair Value and Good Outcomes for Consumers
The FCA’s Product Oversight and Governance Thematic Review The FCA’s Thematic Review (TR24/2) assesses whether firms in the General Insurance (GI) and Pure Protection (PP) sectors are meeting their obligations […]
Policy Statement 24/9 – Payment Optionality for Investment Research
Background On 1st August 2024, the FCA introduced new rules for firms wishing to purchase investment research. Previously, the costs of investment research were bundled together with the costs of […]
Consumer Duty: FCA Call for Input
The Financial Conduct Authority (“FCA”) in July 2024 published a Call for Input to assess the impact of the Consumer Duty rules on businesses and consumers and to understand how […]
AML Audit: How to Prepare and Complyport’s Top Tips
Anti-Money Laundering (AML) Internal Audits ensure that your firm is complying with regulations and has effective procedures in place to prevent money laundering (ML) and terrorist financing (TF). Whilst preparing […]
Expanding Confirmation of Payee – Key Provisions and Deadlines for Group 2 Firms
The Payment Systems Regulator (PSR) has issued Specific Direction 17 to extend the use of Confirmation of Payee (CoP) to a broader range of payment service providers (PSPs). This direction […]
Extending Temporary Changes to Motor Finance Complaint Handling Rules
The Financial Conduct Authority (“FCA”) in its recent Consultation Paper CP24/15 (“CP”), aimed to address the ongoing concerns and complexities surrounding motor finance complaints, particularly those involving Discretionary Commission Arrangements […]
Funeral Plans – Navigating the Regulatory Landscape
Funeral Plan Providers and Intermediaries came under regulatory oversight by the Financial Conduct Authority (“FCA”) on 29 July 2022. The goal of the FCA in regulating this sector was to […]