FCA PS26/2: Operational Incident and Third-Party Reporting
The Financial Conduct Authority (“FCA”), together with the Prudential Regulation Authority (“PRA”) and the Bank of England, have published Policy Statement (PS26/2), setting out final rules on reporting serious operational incidents and material third party arrangements. […]
Regulatory Priorities for Payments: Clarity, Consolidation and Accountability
Author: James Borley, Director of Payment Services As previously heralded, the Financial Conduct Authority (“FCA”) Regulatory Priorities Report for Payments (“the Report”) forms part of the FCA’s broader shift away from fragmented portfolio (“Dear CEO”) letters toward a consolidated suite of […]
Safeguarding Audit Standard – Version 1
The publication of the Financial Reporting Council’s (FRC) interim guidance on safeguarding audit engagements marks a pivotal moment for the UK payments and e-money sector. At its core, the guidance issued by the FRC is intended to […]
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 […]
Ready, Willing and Organised: Proving Day-One Operational Readiness
Author: Joel Bailey, Consultant Why This Matters Obtaining authorisation from the FCA isn’t permission to start building, it’s permission to operate. For payment and e-money firms, gaps in day-one readiness can translate quickly into […]