UK’s Data Protection and Digital Information Bill
In September 2021, the UK Government launched its public consultation exercise, “Data: A new direction”, to help inform its intended development and proposals of how it wished to reform the […]
So Long And Thanks For All The…Regulations? A Look At The Key Points Proposed In The Financial Services and Markets Bill
Brexit may be in the not-so-distant past; however, its effects are still being felt. One of the key areas that was left languishing without clarity was the financial services sector. […]
Funeral Plan Provider Application Refused By The FCA
Two days before the FCA begins its regulation of UK funeral plan providers the regulator has announced its refusal of One Life Funeral Planning Ltd’s application for authorisation. One Life […]
Cyber Security: No longer a Luxury
Cybersecurity is one of the biggest challenges facing the financial services market today and cyber-attacks are an ever-increasing threat to companies’ financial stability. Research conducted by the Direct Line Business […]
Misuse of personal devices at work
You may have seen an article we wrote in March this year on the risks associated with mobile messaging and how regulating record keeping practices in financial services firms is […]
Is The OFSI Stepping up?
In the “Corruption Crackdown: Amending the Economic Crime Bill” article we published on the 21st March 2022, we explained how changes were on their way for the Office for Financial […]
FCA Authorisation & The Regulation of Buy-Now Pay-Later Credit Firms
The government is to strengthen the regulation of interest-free Buy-Now Pay-Later agreements, in order to protect the millions of Britons currently utilising this service to manage their finances by spreading […]
FCA Authorisation for Funeral Plans Providers: What It Means To Be Regulated By The FCA
From the end of July 2022, it will be a criminal offence for funeral plan providers to sell funeral plans unless they are authorised by the FCA. Up until the […]
Webinar Recording – FCA Cryptoasset Registration – What firms need to know in 2022
Since January 2020, firms undertaking any cryptoasset activity in the UK have had to comply with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations […]
Suspicious Activity Reports (SARs) – To Report or Not to Report
All regulated or supervised firms are covered by the requirements of the Proceeds of Crime Act 2002 (as amended) and its requirements to report to the relevant Financial Intelligence Unit […]