The FCA Opens the Door to Tokenised Fund and Asset Management Models
Innovation is driving change and competition in financial services. The Financial Conduct Authority (FCA) is laying a new regulatory foundation for the new age of financial services by focusing on […]
FCA Authorisations: Increased Scrutiny of Payments Firms at the Gateway
Following on from my recent reflection on my ‘Greatest Hits’, I’ve been asked to revisit another of my key topics: FCA authorisations, with particular focus on the payments sector. Having spent many years […]
FCA Focus on Payments Firms’ Use of Agents and Distributors
As part of its ongoing scrutiny of compliance standards among payment and e-money institutions, the Financial Conduct Authority (FCA) continues to refine its supervisory expectations in priority areas. These include […]
New Year, New Regulation for EMIs
With effect from 1 January 2026 the UK formally adopts the latest version of the Organisation for Economic Co-operation and Development’s (OECD’s) Common Reporting Standards (CRS) (often referred as “CRS 2.0”) under HM Revenue and Customs (HMRC)’s recently updated […]
The Change in Control Regime: A Practical Guide for Firms and Investors
The UK’s Change in Control (CiC) regime has been the subject of many articles over the years, and that’s just from myself! But, if something is worth saying, it’s worth repeating. In this context, it […]
Creating a Provisional Licences Authorisation Regime: An Update Worthy of the Name?
His Majesty’s Treasury (HMT) has published a Policy Update following its commitment in the Regulatory Action Plan of March 2025 to introduce a “provisional licence regime”, aimed at reducing regulatory […]
FCA Review: Data Quality in MIFIDPRU Reporting
The Financial Conduct Authority (FCA) recently published the Prudential regulatory reporting by MIFIDPRU investment firms – data quality review and this has highlighted both areas of strong practice and aspects requiring improvement. Between January 2024 and March 2025, data submitted by approximately 3,800 […]
FCA Publish Consultation Paper on Proposed Changes to Fees, Levies and Free-Block Structure
The Financial Conduct Authority (FCA) in conjunction with the Prudential Regulation Authority (PRA), has published CP25/33: Regulatory fees and levies: policy proposals for 2026/27. The FCA and PRA are funded through fees and levies charged to […]
FCA Publishes Consultation Paper on Improving the UK Transaction Reporting Regime
The Financial Conduct Authority (FCA) has published Consultation Paper CP25/32: Improving the UK transaction reporting regime, outlining proposed changes to streamline transaction reporting requirements and enhance market integrity. Transaction reports are essential for detecting market abuse, preventing […]
UK Transition to T+1 Settlement: What Firms Need to Know
To align with other major global markets, the UK is preparing to move to a T+1 securities settlement cycle on 11 October 2027, reducing the current T+2 timeframe. This means that when a security is traded, […]