Big Tech and Digital Wallets under the radar: FCA Consultation Paper
Introduction The Payment Systems Regulator (PSR) and the Financial Conduct Authority (FCA) have published a joint Consultation Paper (“CP24/9”) exploring the current landscape, competitive dynamics, opportunities, risks and regulatory considerations […]
Decrypting AML Risk Assessments and the FATF’s High-Risk Jurisdictions
What are AML Risk Assessments and Why are They Important? Anti-Money Laundering (AML) Risk Assessments are systematic evaluations conducted by financial institutions to identify, assess and mitigate the risks of […]
Markets in Crypto-Assets Regulation (MiCA) – a Snapshot of the Story so Far
Introduction Crypto-assets are becoming increasingly popular as financial products, with more and more businesses venturing into the ‘crypto space’. This has brought an increasing focus from Regulators on how these […]
Overseas Fund Regime – Practical Considerations
As outlined in our previous article, the government has introduced a more streamlined entry gateway to the UK market for European Economic Area (EEA) funds authorised under the UCITS (Undertakings […]
FCA Quarterly Consultation No. 44 (CP24/11) – Proposed Handbook Changes Relevant to Funds
On 08 July 2024, the FCA published its Quarterly Consultation Paper No. 44 (CP24/11) on proposed miscellaneous amendments to the FCA Handbook. These are relatively minor changes, however the Regulator […]
FCA Insurance multi-firm review of outcomes monitoring – Consumer Duty
On 26th June 2024, the Financial Conduct Authority (FCA) published the findings of a review it had carried out on how insurance firms monitor, assess and test the outcomes their […]
Urgent Action Needed as Consumer Duty Deadline for Closed Books Looms
With over 1 month until the 31 July 2024 implementation deadline, financial services firms must accelerate their preparations to apply the Consumer Duty to closed products and services. The FCA […]
Consumers to Benefit From New FCA Consumer Duty Rules
FCA Consumer Duty rules provide stronger focus on what consumers need to make good financial decisions The introduction of the new FCA consumer duty rules will ensure financial services firms […]