FCA’s speech on regulating the UK as a global financial centre
On 13 April, the FCA published a speech delivered by Nausicaa Delfas (Executive Director of International and Interim Chief Operating Officer) on regulating the UK as a global financial centre. […]
FCA speech on “Compliance, Culture and Evolving Regulatory Expectations”
On 26 April 2021, the FCA published a speech delivered by Mark Steward (Executive Director of Enforcement and Market Oversight) on 31 March 2021, on compliance, culture and evolving regulatory […]
Start preparing for the new Prudential Regime (IFPR)
written by Mike Dalmiras One of the many hot topics on the UK regulatory agenda is the implementation of the new Investment Firms Prudential Regime (IFPR). The new regime, which […]
Fixing the Laundering Cycle
written by William Jamieson – Manager, Regulatory Services. The COVID-19 Pandemic demonstrated two things. First, we humans are relatively good at adapting to changed circumstances and trying to carry on […]
Appointed Representatives – are principal firms meeting the FCA’s requirements?
Written by Peter Wilson – Manager Appointed Representatives (ARs) are a common way for principal firms to grow their business without the need to go through the sometimes costly and […]
FCA admits FSCS levy is unsustainable
Speaking at the Personal Investment Management & Financial Advice Association (Pimfa) Virtual Fest V2, FCA director of life insurance and financial advice Debbie Gupta the FCA admitted that admitted the […]
FCA starts criminal proceedings against NatWest Plc
On 16 March 2021, the FCA announced that it has commenced criminal proceedings against National Westminster Bank Plc (NatWest) in respect of offences under the Money Laundering Regulations 2007 (MLR […]
FCA confirms the increase in thresholds for contactless payments
The FCA has confirmed changes to its rules to allow for an increase in the single transaction contactless payment threshold from £45 to £100. The contactless threshold for multiple transactions […]
FCA update on support for consumers impacted by coronavirus
Mortgages The FCA’s Mortgages Tailored Support Guidance sets out its expectation that firms should not enforce mortgage repossessions, except in exceptional circumstances, before 1 April 2021. The FCA published updated […]
FCA Guidance for firms on the fair treatment of vulnerable customers
On 23 February 2021, the FCA finalised its guidance setting out its view on how firms should comply with their obligations under the FCA’s Principles for Businesses and ensure that […]