Cryptoasset AML/CTF regime: Meeting the FCA’s expectations to register as a Cryptoasset Service Provider (“CASP”)
The popularity of Cryptoasset Service Providers (“CASPs”) has surged in recent years, driven by a combination of technological advancements, growing interest in cryptocurrencies and increased adoption by both retail and […]
Case Update: ‘Finfluencers’ charged for promoting unauthorised investment scheme plead NOT guilty
On 16 May 2024, the Financial Conduct Authority (“FCA”) brought charges against nine social media influencers in an unprecedented case. On 13 June 2024, at Westminster Magistrates’ Court, three out […]
Securing Your AIFM Authorisation: A Strategic Guide for Success
In today’s ever-changing financial industry, becoming an authorised Alternative Investment Fund Manager (“AIFM”) is a significant achievement that can open new opportunities and is crucial for both operational success and […]
Overseas Fund Regime – The Next Steps
Following the UK’s exit from the European Union (EU) in 2020, European Economic Area (EEA) funds authorised under the UCITS (Undertakings Collective Investment in Transferable Securities) Directive have only been […]
Understanding the FCA’s Threshold Conditions
The Financial Conduct Authority (“FCA”) is a regulatory body in the United Kingdom responsible for overseeing the conduct of financial services firms and financial markets to ensure they operate in […]
ICARA: Process and Requirements
The Internal Capital Adequacy and Risk Assessment (ICARA) process, introduced by the Investment Firm Prudential Regime on 1st January 2022, is a comprehensive internal capital and risk assessment mechanism for […]
Understanding the new Proposed FOS Charges
What is FOS? The Financial Ombudsman Service (“FOS”) is a free financial dispute resolution service that Acts as a fair and impartial judge for eligible complainants. These eligible complainants must […]
CP24/6: FCA Consulting on Regulated Fees and Levies for 2024/25
The Financial Conduct Authority (“FCA”) published consultation paper (“CP”) CP24/6 on 9 April 2024 and has since expanded on its contents on 29 May 2024 with the addition of an […]
Urgent Action Needed as Consumer Duty Deadline for Closed Books Looms
With over 1 month until the 31 July 2024 implementation deadline, financial services firms must accelerate their preparations to apply the Consumer Duty to closed products and services. The FCA […]
Complyport’s New AI Tool – ViCA.Chat – Set to Revolutionise Compliance Support Services
ViCA.Chat, the Virtual Compliance Assistant powered by AI technology, is set to transform regulatory compliance consulting. Developed by ComplyMAP Group’s AI engineers and Complyport’s compliance consulting teams, ViCA redefines compliance […]