Updates to the UK Cryptoasset Regulatory Framework
The United Kingdom aims to bring clarity and oversight to the rapidly expanding cryptoasset market via a comprehensive regulatory regime. These regulations, once implemented, will represent a significant step towards […]
REP018 Compliance
What is the Purpose of REP018 for Payment Service Providers? REP018 is a mandatory reporting requirement for all UK-authorised Payment Service Providers (PSPs). This regulation, enforced by the Financial Conduct […]
FCA Dear CEO letter – The need for firms to maintain adequate financial resources
It has now been a few months since the Financial Conduct Authority (“FCA”) began its probe into motor finance practices, specifically the use of discretionary commission arrangements. Whilst that work […]
Operational Resilience in Digital Payments: Deadline Approaching for Payments Institutions
Key Considerations for Payments Institutions With under a year left until the Operational Resilience implementation deadline, firms caught under the FCA Operational Resilience requirements must take prompt action. Entities authorised […]
Extension of Sustainability Disclosure Rules to Portfolio Management
Recently the FCA has launched a new consultation paper (CP24/8) to discuss the extension of the Sustainability Disclosure Requirements (SDR) to Portfolio Management services. This regime extension will build on […]
Navigating FCA’s Supervisory Focus: Key Insights for Asset Managers
On the 1st of March 2024, the Financial Conduct Authority (“FCA”) wrote to CEOs in the asset management and alternatives sector with an update to its supervisory approach. We know […]
Webinar Recording – Internal Audit: Mastering Your Third Line of Defence
As regulations grow more complex, financial services firms face increasing scrutiny of their governance and controls. Robust internal audits are essential to test and evidence compliance across areas like conduct, […]
Webinar: AML and Fraud Prevention in the Insurance Sector
With the Financial Conduct Authority (FCA) increasing its focus on compliance in the insurance sector, understanding and adhering to regulatory expectations has never been more crucial. The FCA’s recent actions […]
Insurance Compliance in the Spotlight: Complyport Launches Expert Services
Our industry observations At Complyport, we have observed a pivotal regulatory shift within the insurance sector. This is all but confirmed by the Financial Conduct Authority’s (FCA) Dear CEO […]
Mastering the FCA SMF Interview: 8 Questions Answered
Securing approval as a Senior Management Function (SMF) at an FCA-authorised firm requires passing a rigorous interview with the regulator. With accountability and individual responsibility at the center of the […]