In December 2023, the Payment Systems Regulator (PSR) issued a Policy Statement ‘Fighting authorised push payment scams: final decision’. This introduced, amongst other matters, a new reimbursement requirement for consumer victims of...
Earlier this year, we hosted a webinar to discuss the FCA’s prudential requirements focus areas for the payments sector. Attendees were asked whether in response to the portfolio letter issued in Q1...
Overview At the end of November 2023, the FCA published its consultation paper (CP23/23) in respect of proposed new capital deductions for redress aimed at personal investment firms (‘PIFs’). The purpose of...
Some key areas of consideration… It’s hard to believe that it’s only been 15 months since the Investment Firm Prudential Regime (‘IFPR’) came into force. Since the go live date, we have...