Welcome to the latest edition of our compliance newsletter for capital markets firms, including wholesale buy and sell-side firms, wealth managers and corporate finance firms. We are now emerging from the traditionally quiet...
Download tool below The FCA was clear in its recent Dear CEO letter that Annex I firms are expected to complete a gap analysis by September 2024 to investigate the areas of common weakness identified...
The FCA has issued a new consultation paper, CP24-9 (‘the Consultation’), proposing updates to its Financial Crime Guide (FCG). The updates are aimed at enhancing firms’ understanding of the FCA’s expectations regarding...
Download guide below Compliant and effective safeguarding measures are a pre-requisite for being granted and retaining an authorisation for the provision of payment and e-money services. A portfolio letter issued by the FCA in...
Capital Markets Regulatory Newsletter: February 2024 Welcome to the latest edition of our compliance newsletter aimed at capital markets firms, including wholesale buy and sell-side firms, wealth managers and corporate finance firms. Before...
On 7 November 2023, the Treasury published a response to its own Consultation on the financial promotion exemptions for high-net worth individuals and sophisticated investors, first launched back in December 2021. By...
Capital Markets Regulatory Newsletter: October 2023 Welcome to the latest edition of our compliance newsletter aimed at capital markets firms, including wholesale buy and sell-side firms and wealth managers. Since I last...
Capital Markets Regulatory Newsletter: July 2023 Welcome to the latest edition of our compliance newsletter aimed at capital markets firms, including wholesale buy and sell-side firms and wealth managers. Since I last...
We issued a Talking Regulation post on Consumer Duty implementation in mid-January, reminding firms of where they should be ahead of the fast approaching deadline. In the post we mentioned that we...
As we come to the end of 2021, compliance officers might find themselves dedicating a lot of their time reminding employees to complete their compliance training before the year end and following...
On 16 November 2021, The FCA released its latest newsletter on market conduct and transaction reporting issues, ‘Market Watch 68’. The message from the regulator is clear, five years after the introduction...
Choosing the right route for your business In the UK, nearly all financial service activities must be authorised by the Financial Conduct Authority (FCA). There are two main routes that firms can...
LONDON – 14 September 2021 – Cosegic is the UK’s leading provider of compliance consultancy and regtech services to payments services and e-money firms. We have identified a common misunderstanding that is...
In September 2020 we published guides about a new prudential framework that was being proposed for MiFID investment firms and including Principal Brokers and Matched Principal Brokers, MiFID Authorised Investment Managers and firms...
Many cryptoasset firms are today breathing a huge sigh of relief, as the Financial Conduct Authority (FCA) announced that it is extending the deadline for firms requiring registration under the Money Laundering...
Compliancy Services, one of the UK’s leading providers of compliance consultancy and regtech services, is delighted to announce the appointment of Abou Bangoura as a consultant within their Payment Services team. This...
Compliancy Services, one of the UK’s leading providers of compliance consultancy and regtech services, is delighted announce the appointment of Harpartap Singh as Head of Prudential. He will be responsible for the...
MiFID II specifies a number of actions which firms are expected to comply with on an ongoing basis. One of these relate to the publication by execution venues of the quality of...
What do the terms ‘money laundering’, ‘fraud’, ‘bribery’, and ‘market abuse’ all have in common? Hopefully, you correctly guessed that they all relate to financial crime. All regulated firms have financial crime...
Financial services compliance is certainly not getting any easier, in fact many would argue it is getting more complex. Regulators producing a continuous stream of regulatory updates, consultations and thematic reviews, and...
Getting registered under 5MLD Cryptoasset businesses have needed to comply with Money Laundering Regulations (MLRs) since the 10th January 2020, irrespective of whether they are currently registered with the FCA or not....
Understanding the routes to authorisation for e-money firms Compliancy Services are a leading provider of regulatory compliance services to e-money firms. This factsheet, written by James Borley guides you through e-money definitions, licence...
Understanding the routes to authorisation for payment services firms Cosegic are a leading provider of regulatory compliance services to Payment Services Providers. This factsheet, written by James Borley, guides you through Payment Services...
Understanding regulation as a payment services provider Payment services firms need to be aware of the compliance obligations of the Payment Services Regulations 2017. To help them understand their obligations, Cosegic has produced...
Understanding the authorisation process as an MTF The Financial Conduct Authority (FCA) has classed authorisation applications for Multilateral Trading Facilities (MTFs) as complex. This factsheet has been produced to help firms looking...
The Financial Conduct Authority is busy. In its 2017-18 annual report the regulator highlighted some telling stats on its authorisation activities during that year: over 4,400 applications for authorisation from firms, nearly...
Getting regulated by the FCA requires you to go through a fairly structured process all of which contribute to your application pack. These are abbreviated in the diagram below. Diagram – Key...
‘Mind and management’ – the key things to consider The FCA have confirmed that they consider these areas as part of their decision on whether or not to authorise a firm. This factsheet...
Understanding the routes to authorisation for investment firms This information sheet has been prepared to assist investment firms planning on applying for FCA authorisation to establish key information relating to their proposed...
Introduction MIFID II, which went live on 3 January 2018, introduced a significant raft of new rules for the financial services sector in Europe. However, rather than a once-and-for-all set of changes,...