FCA consultation paper on Changes to the SCA-RTS and to the guidance in ‘Payment Services and Electronic Money – Our Approach’ and the Perimeter Guidance Manual
On 28 January, the FCA published a consultation paper which proposed amendments to the SCA‑RTS, as well as updates and additions to its published guidance in the Regulatory Technical Standards, […]
FCA review on Implementing Technology Change
On 5 February 2021, the FCA published its review on Implementing Technology Change. This review sets the FCA’s findings from its cross-Financial Services change management review which looked at how […]
FCA launches new online fees portal
On 12 April 2021, the FCA is launching a new online invoicing portal for users to access their invoices and arrange payment of their fees. Firms should continue using the […]
Forbearance – adopting ‘custom tailored’ customer approaches
Now more than ever, best practice collections activity requires active and personalised customer engagement. The challenges that firms are facing due to coronavirus (Covid-19) are not insignificant, which only heightens […]
FCA to launch new invoicing portal
The FCA have advised they are launching a new online invoicing portal on 12th April 2021 for firms to access their invoices and arrange payment of their fees. Until the […]
London Is Still A Global Gateway for Financial Services
News that nearly 1,500 firms are in the UK’s Temporary Permissions Regime (TPR) show that London is still seen as a global gateway for financial services. That the majority of […]
Ensuring your compliance is up to date – 6 key regulatory and compliance updates in February 2021 so far
2020 brought significant changes to the regulatory landscape in the UK with Brexit and COVID 19 still causing operation issues for some firms. A lot of us had to rapidly […]
Publication of financial instruments reference data after the end of the Brexit transition period
On 6 January 2021, the European Securities and Markets Authority (ESMA) published its first set of Financial Instruments Reference Data System (FIRDS) files following the end of the Brexit transition period. ESMA […]
ESMA reminds firms of the MIFID II rules on reverse solicitation
On 13 January 2021, ESMA issued a Public Statement to remind firms of the MiFID II requirements on the provision of investments services to retail or professional clients by firms not […]
Brexit and UK Financial Services Compensation Scheme protection
The Financial Services Compensation Scheme (FSCS) provides compensation and protection to customers of authorised financial services firms that have failed. FSCS protection for UK-based customers of UK authorised firms will […]