Enhancing Consumer Understanding: Practical Lessons from FCA Guidance and FG26/2
Consumer understanding remains a cornerstone of the Consumer Duty, requiring firms to ensure that communications enable customers to make effective, timely, and properly informed decisions. Recent FCA supervisory work on Consumer understanding, and in particular FG26/2 on good and […]
FCA Whistleblowing Data Q4 2025: Key Trends and Compliance Implications
The UK FCA has published its latest Whistleblowing quarterly data 2025 Q4 (October-December), offering insights into the types of misconduct being reported and how intelligence from whistleblowers continues to support the regulator’s […]
FCA vs HMRC: Who Rules the Register?
Author: James Borley, Director of Payment Services In my experience advising firms across the payments and e-money sector, one of the most persistent areas of confusion concerns Anti-Money Laundering (AML) registration and supervision in […]
Sequencing the Future: The UK’s Payments Forward Plan
Author: James Borley, Director of Payment Services On 26 February 2026, the Payments Vision Delivery Committee published the UK’s first Payments Forward Plan; a three-year sequenced roadmap for payments policy aimed at […]
Mind and management – Don’t Lose Your Head (Office)!
Authors: Joel Bailey, Consultant James Borley, Director of Payment Services Last week the FCA published a series of helpful videos aimed at helping prospective applicants for authorisation or registration in the payments and digital […]
Open Banking’s Next Frontier: FCA/PSR cVRP Prioritisation Statement
Author: James Borley, Director of Payment Services In the ongoing evolution of UK payments infrastructure, the recent publications from the Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) (specifically their 15 January 2026 letter to […]
FCA PS24/10: Expansion of the Dormant Assets Scheme – Second Phase
Overview The Dormant Assets Scheme The Dormant Assets Scheme (DAS) is a UK government initiative designed to reunite people with their dormant financial assets, such as bank accounts, insurance policies […]
FCA Quarterly Consultation No. 45 (CP24/18) – Chapter 3: Facilitating LTAF investment
On 6th September 2024, the FCA published its Quarterly Consultation Paper No. 45 (CP24/18) on proposed miscellaneous amendments to the FCA Handbook. These are relatively minor changes, however, the Regulator […]
Loan-based crowdfunding platforms may no longer require permission of ‘accepting deposits’
The FSMA By Way of Business Order (SI 2001/1177) is to be amended, affecting P2P lenders and others that operate a loan-based crowdfunding platform which facilitates loans to lending businesses.
Client Money: Loan-Based Crowdfunding CP16/4
Since the FCA assumed responsibility for the regulation of loan-based crowdfunding in April 2014, an investor’s money, subject to certain transitional provisions, held by a platform (P2P agreements) – both […]