The FCA, The Bank of England, the PRA, and the PSR (“the regulators”) have an MoU in place which sets out the high-level framework for working and cooperating with one another in...
On 10 June 2025, the Financial Conduct Authority (FCA) published its much-anticipated final rules for a new type of trading venue: the Private Intermittent Securities and Capital Exchange System — better known...
FCA Enforcement has taken a “use it or lose it” stance on payment firms to visibly use their licences, or risk the chances of it being revoked: Last week the regulator published...
The 31st March 2025 deadline has now passed, marking the end of the transition period set out in the FCA’s PS21/3: Building Operational Resilience policy. So, what now? You have implemented your...
Recent banking app failures have raised the profile of operational resilience and its importance, but people may have missed the fact that in the run up to Christmas last year the FCA...
The last quarter of 2024 was dominated by coverage on APP Fraud and the FCA’s Safeguarding Consultation Paper. On the latter, we hope we have, in our recent webinar on the subject,...
Rumours last week that Chris Hemsley, the Managing Director of the Payment Systems Regulator (PSR) would be leaving his role, were confirmed yesterday with an official statement from the PSR saying Hemsley...
This is a strange one… in the murky depths of the Chancellor’s Budget Statement released last week, there was the following amendment: 4.22 The government will also legislate to reinstate the previous...
The FCA recently reported on what happened to the 1,191 solo-regulated firms that entered the Temporary Permissions Regime: 212 firms secured full UK authorisation, 875 firms did not seek full UK authorisation...
It was hard to avoid the press coverage of the FCA’s ban of former Barclays CEO James Staley, last week. It’s certainly highly significant and the FCA will want to draw attention to...
On 20 February 2023, the FCA published a discussion paper, DP23/2: Updating and improving the UK regime for asset management (the Discussion Paper). This is an important contribution to the Future Regulatory...
With Christmas and New Year celebrations behind us, many of firms will be looking to the year ahead and how they can ensure they are ready for the go-live date for Consumer...
Last week, the FCA released a consultation paper CP22/27 with its proposed measures to further tighten controls and reduce risk of consumer harm from misleading advertisements. But lets look a little bit...
In March of this year, we held a webinar that looked at the FCA gateway, which processes all applications and authorisations, to examine how the transformations that we are seeing take place internally...
With just over two weeks to go until firms are required to have their Consumer Duty implementation plans in place, the FCA has published additional information, which is based on queries they...
Last week the government responded to the cost-of-living crisis with an emergency mini-budget. With the cap on bankers’ bonuses now removed, the Government appears to be trying to increase London’s status as...