Investments Newsletter - November 2023
Investments monthly newsletter - November 2023
UK Retail Disclosure Framework
The SSR (Short Selling Regulation), applies to financial instruments admitted to trading or traded...
The Short Selling Regulations 2024
The government has issued a draft SI with an accompanying policy note setting out how it plans to...
Who counts as wealthy? Changes to the financial promotion rules will have an impact upon angel and venture capital
HM treasury recently consulted on changes to the thresholds for what it means to be wealthy and how...
The Consumer Duty: A Continuous Journey Towards Better Outcomes
On the 1st November 2023 the FCA Director of Cross-Cutting Policy and Strategy, Nisha Arora, gave a...
Dear CEO Letter: FCA Expectations for Wealth management and Stockbroking
On the 8th November 2023, the FCA issued a ‘Dear CEO’ letter, intended for firms that typically...
FCA publishes final report on IFPR implementation
The IFPR and the corresponding prudential standards under MIFIDPRU began on 1 January 2022. The...
Compliance and Enforcement Newsletter - November 2023
Compliance and Enforcement Newsletter - November 2023
Global regulators foster digital innovation with Project Guardian
The FCA has announced that it is partnering with regulators around the world as part of the...
FCA secures confiscation order against convicted CFO
On 2 November, Southwark Crown Court imposed a Confiscation Order of £355,369 on Timothy Coleman,...
Seriously incompetent pensions advisor handed ban and £200k fine
The FCA has banned Geoffrey Armin from advising customers on pension transfers and opt-outs and...
Credit and Mortgages Monthly Newsletter - November 2023
Credit and mortgages monthly newsletter - November 2023
General Insurance Value Measures reporting rules for firms
In PS20/9, the FCA introduced rules requiring General Insurance firms to report value measures...
Attesting compliance with General Insurance Pricing Practices rules
In PS21/5, issued in May 2021, the FCA confirmed that senior managers would be required to attest...
FCA publishes consultation paper on fees
In November 2023, the FCA published its consultation paper on FCA fees CP23/22: Regulatory fees and...
Financial Crime Newsletter - November 2023
Financial Crime Newsletter - Here's an overview of our monthly financial crime updates
FCA issues guidance to help crypto firms comply with marketing rules
Following a recent change in legislation, cryptoassets promotions targeting UK consumers now fall...
FCA responds following AI and machine learning consultation
In Discussion Paper DP5/22 – Artificial Intelligence and Machine Learning, issued jointly with the...
Treasury responds to feedback on future regulatory regime for cryptoassets
Responding to feedback on its recent consultation and call for evidence on the future financial...
PSR publishes authorised push payments fraud performance data
Authorised push payment (APP) fraud occurs when a fraudster tricks someone into sending a payment...
Payment Services Newsletter - November 2023
Payment Services monthly newsletter - November 2023
PSR publishes APP fraud performance data
In October 2023, the Payment Services Regulator (PSR) published 2022 performance data on authorised...
FCA and Modulr agree customer onboarding restrictions
The FCA has imposed customer onboarding restrictions on payments-as-a-service provider Modulr until...
Safeguarding Your Payments and E-Money Business from FCA Enforcement Powers
In the realm of UK Payments and e-money services, an area subject to increased scrutiny from the...
The Future of Payments: Exploring the Implications of PSD3 for UK Payment Services Firms
The financial landscape is constantly evolving, and as we approach the implementation of PSD3...
What investors should expect in Jeremy Hunt's Autumn Statement
On 22nd November 2023, Chancellor Jeremy Hunt issued HM Government’s Autumn Statement, covering its...
HM Treasury amends HNW and sophisticated investor definitions for financial promotions
In November 2023, HM Treasury consulted on changes to the thresholds for categorising the...
FCA reviews its approach to secondary consumer credit brokers
In November 2023, the FCA announced that it had recently reviewed its interpretation of the...
FCA brings proceedings against unauthorised and fraudulent mortgage advisers
In November 2023, unauthorised mortgage adviser Larry Barreto was found guilty of 11 charges of...
FCA reviews firms' anti-payment fraud systems
In November 2023, the FCA reported that while its multi-firm review of firms’ fraud controls and...
FCA marketing guidance for crypto firms
In November 2023, the FCA published new non-Handbook guidance (FG 23/3) to support crypto firms in...
The FCA issue a Dear CEO letter to wealth managers and stockbrokers
In November 2023, the FCA issued a Dear CEO letter setting out its assessment of the wealth...
The FCA and Bank of England publish proposals for regulating stablecoins
In November 2023, the FCA and the Bank of England requested feedback on their proposed approach,...
FCA issues financial promotions quarterly data 2023
In November 2023, the FCA issued a summary of the data generated between 1 July 2023 and 30...
Economic Crime and Corporate Transparency Act: What financial institutions need to know
In October 2023, the Economic Crime and Corporate Transparency Act (the ECCTA) received Royal...
Consumer Duty: Not once and done
In November 2023, the FCA reported a speech given by Nisha Arora, its Director of Cross-Cutting...
PSR publish APP fraud performance data
In October 2023, the Payment Services Regulator published 2022 performance data covering the...
FCA secures contract charges for BNPL customers
In October 2023, the FCA announced that it had agreed deals with two buy now pay later (BNPL)...
The FCA identifies common issues with crypto marketing
In October 2023, the FCA publicised that it has been supervising crypto firms since 8 October based...
Investments Newsletter - October 2023
Investments monthly newsletter - October 2023
Our Platforms Portfolio Supervision Strategy
The FCAs key concerns about harm within the Platform Portfolio include: - Fees and charges not...
Financial Promotions for high-risk investments
In August 2022, the FCA published PS22/10, which outlined new requirements for firms promoting...
FCA issues 146 alerts in first 24 hours of new crypto marketing regime
The FCA issued 146 alerts about cryptoassets promotions on the first day of a new regime that...
Our supervision strategy for Corporate Finance Firms
The FCA has written a Dear CEO letter to Corporate Finance Firms (CFFs) to outline the harms to...
Compliance and Enforcement Newsletter - October 2023
Compliance and Enforcement Newsletter - October 2023
FCA premieres innovative ad ahead of GameStop movie
The FCA has adopted an innovative approach to cinema advertising as it attempts to raise awareness...
WealthTek LLP ordered to cease operations
The FCA has taken action to protect consumers after identifying serious regulatory and operational...
Two banned over British Steel Pension Scheme advice failings
Keith Dickinson and Andrew Allen of Mansion Park Limited (in liquidation) have been banned from...
Credit and Mortgages Monthly Newsletter - October 2023
Credit and mortgages monthly newsletter - October 2023
Fifty-nine firms hold EU crowdfunding licences
Fifty-nine crowdfunding and peer-to-peer lending platforms have been authorised under EU-wide...
FCA consults on proposed additional product sales data returns
The FCA is requesting feedback on the proposed inclusion of three new product sales data returns...
Financial Crime Newsletter - October 2023
Financial Crime Newsletter - Here's an overview of our monthly financial crime updates
FCA fines ADM Investor Services £6.5m for financial crime control failings
Broker ADM Investor Services International Limited (ADMISI) has been fined £6,470,600 for having...
Companies House and the Economic Crime and Corporate Transparency Bill
The Economic Crime and Corporate Transparency Bill published on 22 September 2022, proposes...
EY pays back £15m to Santander UK in dispute over AML quality
Santander UK’s fin crime consultants EY have paid back £15m and will no longer work for the lender.
Payment Services Newsletter - October 2023
Payment Services monthly newsletter - October 2023
Binance to discontinue Visa debit card services in Europe
Prominent global cryptocurrency exchange Binance is to discontinue its Visa debit card services in...
World Payments Report finds non-cash transactions continuing to rise
Non-cash transaction volumes have maintained their upward momentum, as consumers and businesses...
First Supervisory Notice to London Court Limited
In October 2023, the FCA issued a First Supervisory Notice imposing certain requirements on London...
FCA review of Money mules
In October 2023, the FCA publicised the key findings arising from its multi-firm review of payment...
FCA announces it is making improvements to the application process for authorisations
In October 2023, the FCA announced that it is making improvements to the application process for...
The FCA addresses the AIF and NURS regimes
In October 2023, the FCA announced, in a speech given to the Investment Association, that it has...
Financial watchdog fines Equifax Ltd £11 million for role in one of the largest cyber-security breaches in history
In October 2023, the FCA announced that it had fined Equifax Ltd £11,164,400 for failing to manage...
FCA crypto promotion alerts
In October 2023, the FCA announced that it had issued 146 alerts about cryptoasset promotions on...
FCA fine ADM Investor Services
In October 2023, the FCA fined investment brokerage firm ADM Investor Services International...
FCA publicises its funeral plan firms sector priorities for 2023 - 2025
In September 2023, the FCA publicised its funeral plan firms sector priorities for 2023-2025. It...
FCA financial resilience survey - October 2023
In September 2023, the FCA asked a number of firms to complete a survey to help the regulator...
End of implementation period for debt packager referral fee ban
In October 2023, the FCA again publicised that its Policy Statement and Final Rules on the debt...
FCA issues Dear CEO Letter - Supervision strategy for Corporate Finance Firms
The FCA issued in September 2023 a Dear CEO letter to corporate finance firms, outlining its...
Payment Services Newsletter - September 2023
Payment Services monthly newsletter - September 2023
FCA says poor-quality applications are creating log jams
The FCA has said that poor-quality applications and ‘radical innovation' are sustaining a log jam...
EC sees new opportunities in modernising payment services
The European Commission (EC) recently put forward fresh proposals for bringing payments and the...
PSR consults on APP fraud reimbursement overhaul
The UK Payment Systems Regulator (PSR) has launched two consultations ahead of the implementation...
Investments Newsletter - September 2023
Investments monthly newsletter - September 2023
Fund managers warn government over net zero target
Fund houses managing £1.5trn in assets have written to the government warning that confused...
VCTs prove resilient against wider venture capital industry decline
Venture capital trusts saw an 8% growth in deployment of capital over 2022, despite a staggering...
Platform industry suffers worst Q2 sales since 2010
Platform sales failed to pick up between April and June this year, leading to the worst...
Navigating CrossBorder Payment Challenges - Insights from the FSB
In today's global business landscape, diversity and inclusion have become essential pillars for...
Nine out of ten investment trusts end H1 on discount
Investment Week has found that just 20 out of 231 investment trusts (around 8.7% of trusts) ended...
Consistently underperforming equity funds total soars to 56
Bestinvest’s latest Spot the Dog report found the number of persistently underperforming funds has...
Financial Crime Newsletter - September 2023
Financial Crime Newsletter - Here's an overview of our monthly financial crime updates
FCA reports on good and bad Cryptoasset AML/CTF regime applications
The FCA has been the anti-money laundering and counter-terrorist financing (AML/CTF) supervisor for...
FCA reviews UK firms’ sanctions systems and controls
The FCA has set out findings from its assessments of sanctions systems and controls in financial...
The Economic Crime and Corporate Transparency Bill
The Economic Crime (Transparency and Enforcement) Bill, which makes provision for economic crime...
Credit Monthly Newsletter - September 2023
Credit monthly newsletter - September 2023
Key takeaways from the FCA’s recently introduced Consumer Duty
At the end of August, one month on from the introduction of the FCA’s Consumer Duty for current...
FCA consults on IDD replacement rules
The FCA is asking for feedback on its proposals for transferring part of the current regulatory...
The changing face of consumer lending
The combined effect of the rising cost of living, the higher base rate, and low wage growth means...
Compliance and Enforcement Newsletter - September 2023
Compliance and Enforcement Newsletter - September 2023
Two banned and fined over pension transfer advice failings
The FCA plans to fine Toni Fox and David Price £681,536 and £632,594 respectively for their roles...
ICO fines This Is The Big Deal Limited over PECR contraventions
The Information Commissioner’s Office (ICO) has fined energy provider and switching service This Is...
FCA given new powers to protect access to cash
The Financial Services & Markets Act 2023 has granted the FCA new powers to help it maintain the...
CP23/20: Shaping Tomorrow's Financial World with Diversity and Inclusion Today
In today's global business landscape, diversity and inclusion have become essential pillars for...
Ready for crypto assets – but will you meet the FCA's expectations?
We said that crypto assets would fall under tougher financial promotions rules when they are...
FCA gateway for approving financial promotions for unauthorised firms
The FCA announced in September 2023 that regulated firms approving financial promotions for...
Review of later-life mortgages finds poor advice and misleading promotions
In September 2023, the FCA reported that in a review of later-life mortgage firms, it had worked...
Regulating Crypto Assets – The FCA’s approach to crypto regulation
Regulating Crypto Assets – The FCA’s approach to crypto regulation will look like from a regulatory...
The FCA has set out the issues it will consider as part of their review of the treatment of domestic PEPs by financial services firms
Earlier this month the Financial Conduct Authority (FCA) announced that they would conduct a review...
The Consumer Duty one month on
As of the end of August 2023, the FCA's Consumer Duty has been in existence for a month for current...
Compliance and Enforcement Newsletter - August 2023
Compliance and Enforcement Newsletter - August 2023
FCA wins civil case against Ponzi-like care home investment scheme
The High Court has ruled in favour of the FCA against Robin Forster, the director of a company...
FCA secures confiscation order against convicted money launderer
Southwark Crown Court recently imposed a confiscation order of £562,636 against Richard Faithfull...
FCA responds to NatWest Board announcement on account closures
Commenting on the NatWest Board’s announcement on allegations relating to account closures and...
FCA continues crackdown on unregistered crypto ATMs
The FCA says it has visited and inspected 34 locations across the UK this year suspected of hosting...
Credit Monthly Newsletter - August 2023
Credit monthly newsletter - August 2023
Mortgage arrears jump comes as ‘no surprise’
In the second quarter of 2023, 81,900 homeowner mortgages with arrears of 2.5% or more, a jump of...
FCA finds 60% of P2P firms not complying with new risk warning
The FCA has found that almost two-thirds of peer-to-peer lending and crowdfunding firms failed to...
Consumer Credit act to be replaced by new FCA rules
The Consumer Credit Act is set to be axed, along with Section 75. The Act will be replaced by rules...
Financial Crime Newsletter - August 2023
Financial Crime Newsletter - Here's an overview of our monthly financial crime updates
PSR takes first step in drive to combat APP fraud
The Payment Systems Regulator (PSR) recently published a consultation on two of the draft...
Highlights from FCA and SFO 2022/23 annual reports
‘To reduce and prevent financial crime, we have a strengthened authorisation process, improved...
Consultation on cryptoasset transfers now closed
The Joint Money Laundering Steering Group (JMLSG) recently published proposed amendments to Sector...
FCA asks banks for information on account closures
After announcing that it intends to carry out a data exercise looking into the basis on which...
Investments Newsletter - August 2023
Investments monthly newsletter - August 2023
BlackRock retakes net flows crown in Q2
The latest Pridham Report found that, in the second quarter, BlackRock retook top spot for both...
Active equity funds gain ground on trackers in H1 2023
After a bleak 2022, the performance of active equity funds has seen an uptick relative to trackers...
Article 9 funds see lowest inflows on record
Dark green funds saw their lowest flows on record through the second quarter of 2023, despite...
Industry welcomes trio of reforms including review of short-selling rules
Chancellor of the Exchequer Jeremy Hunt has introduced a ‘sweeping package of UK regulatory...
One in six asset managers expected to disappear by 2027
The findings from a survey carried out by PwC suggest that 16% of asset management firms will...
Payment Services Newsletter - August 2023
Payment Services monthly newsletter - August 2023
FCA requests data from banks on account closures
After announcing that it intends to carry out a data exercise looking into the basis on which...
The digital pound
The Bank of England (BoE) recently announced that it is looking into the case for a digital pound.
Government responds to payments regulation consultation
The recent publication of the government’s Payments Regulation and the Systemic Perimeter:...
UK government fine UK company one million pound in breach of Russian sanctions
In August 2023, the UK government fined a company £1 million for breaching Russian sanctions.
FCA finds fund managers' value assessments significantly improved but there is still work to do
In August 2023, following a review that it carried out of 14 authorised fund managers’ value...
FCA sets out expectations for UK cryptoasset firms to comply with the new Travel Rule
The FCA has released its expectations that UK cryptoasset businesses will comply with the new...
Proposed rules for non workplace pensions
In December 2022, the FCA set out in its Policy Statement PS 22/15 the final rules intended to...
FCA financial promotions quarterly data 2023 - Q2
In August 2023, the FCA provided a summary of data generated between 1 April 2023 and 30 June 2023...
Consumer Duty and carrying out acceptable price and value assessments
With the Consumer Duty now applying to all firms having a direct or indirect relationship with...
Compliance and Enforcement Newsletter - July 2023
Compliance and Enforcement Newsletter - July 2023
FCA outlines concerns about sustainability-linked loans market
Sustainability-linked loans (SLLs) aim to support sustainable economic activity and growth, with...
Regulators combine to call on firms to help struggling customers
Following a roundtable meeting with Chancellor Jeremy Hunt the FCA has joined other regulators in...
Morgan banned over British Steel Pension Scheme advice failings
The FCA has banned Denis Lee Morgan of Pembrokeshire Mortgage Centre Limited (in liquidation) (PMC)...
ClientEarth fails in judicial review against FCA
ClientEarth, an environmental charity that seeks to bring legal challenges in respect of entities...
Financial Crime Newsletter - July 2023
Financial Crime Newsletter - Here's an overview of our monthly financial crime updates
Financial Action Task Force holds third plenary meeting
Global money laundering and terrorist financing watchdog the Financial Action Task Force (FATF)...
PSR progresses new APP scam reimbursement requirements
The Payment Systems Regulator (PSR) has published a consultation on two of its draft directions...
Payment Services Newsletter - July 2023
Payment Services monthly newsletter - July 2023
PSD3: modernising payment services and opening financial services data
The European Commission (EC) has put forward proposals for bringing payments and the wider...
Digital identity rollout critical for digital wallet confidence and growth
A new report from API management and security vendor Curity has found that UK organisations and...
The fraud epidemic isn’t going anywhere. It’s time to take action
We have recently seen a slew of bad news about an alarming ongoing rise in payments fraud,...
Investments Newsletter - July 2023
Investments monthly newsletter - July 2023
Mixed reaction for LTAF retail extension
The FCA has opened up the Long-Term Asset Fund (LTAF) structure to retail investors, a move that...
Reports suggest UK set to scrap MiFID client research ban
Reports have emerged suggesting that Chancellor of the Exchequer Jeremy Hunt is set to announce an...
UK investors put £632m into fixed income funds in May
Fixed income funds saw inflows of £356m into funds during May, while institutional clients pulled...
Credit Monthly Newsletter - July 2023
Credit monthly newsletter - July 2023
Millions turning to unauthorised lenders
New research conducted by IPSOS for Fair4All Finance suggests than more than three million people...
MPs launch SME lending inquiry
Parliament’s Treasury Committee has announced plans to launch an inquiry into SME lending. This...
FCA enables firms to provide mortgage breathing space
The FCA has made changes to its rulebook to allow lenders to offer their mortgage customers...
Consumer Duty Webinar Part Four - Consumer Support
In our fourth and final webinar of this 4 part series, we looked at the Consumer support outcome...
Consumer Duty Webinar Part Three - Consumer Understanding
In our third webinar of this 4 part series, we looked at the consumer understanding outcome under...
FCA guidance consultation on social media usage
The FCA plans to take another significant step in 2023 in its work to combat illegal and...
Navigating the Impact of Mandatory APP Fraud Reimbursement on UK Payments Firms
As authorised push payment (APP) fraud continues to rise in the UK, regulatory measures are being...
FCA review of liquidity management in asset managers
In July 2023, the FCA reported on its recent multi-firm review of liquidity management in fourteen...
Financial Services and Markets Bill proposes certain changes to union legislation
The current Financial Services and Markets Bill proposes certain changes to union legislation in...
Are you ready for the cryptoasset financial promotions regime?
In July 2023, the FCA issued a letter to crypto firms entitled Cryptoasset firms marketing to UK...
Consumer Duty Webinar Part Two - Price and Value Outcome, your questions answered
In our second webinar of the series we examined the Price and Value outcome under the Consumer Duty...
Insider Insights: Tips for Smooth Interaction with the FCA as a Payments Services/E-money Firm
Navigating the FCA's regulatory landscape can be challenging, but with the right approach, it can...
Consumer Duty Webinar Part One - Products and Services Outcome, your questions answered
We examined the Products and Services outcome under the Consumer Duty and answered your questions...
FCA issues findings from Consumer Duty survey
In June 2023, the FCA commissioned an anonymous survey of 1,230 firms in some of the sectors in...
Compliance and Enforcement Newsletter - June 2023
Compliance and Enforcement Newsletter - June 2023
Three charged over unauthorised sale-and-rent-back schemes
The FCA has initiated criminal proceedings against three individuals for carrying out regulated...
JROC sets out next steps to help UK open banking grow
The Joint Regulatory Oversight Committee (JROC) has set out an ambitious programme of work to take...
FCA fines firm over failings that enabled illegitimate tax reclaims
The FCA has fined ED&F Man Capital Markets Ltd (MCM) £17.2m for serious failings in its oversight...
Brothers convicted for taking £750,000 out of failed investment firm
In a prosecution brought by the FCA, Peter Currie (59) was convicted at Southwark Crown Court of...
Credit Monthly Newsletter - June 2023
Credit monthly newsletter - June 2023
Bank of England set to ‘water down’ rules for lenders
The Bank of England is set to ‘water down’ changes to its post-crisis rulebook, after lenders are...
Lenders to pay out £47m to financially struggling borrowers
Following an investigation into how lenders treat borrowers who are experiencing financial...
FCA publishes mortgage lending statistics for June 2023
The FCA collects mortgage lending data via the Mortgage Lending and Administration Returns (MLARs)...
Financial Crime Newsletter - June 2023
Financial Crime Newsletter - Here's an overview of our monthly financial crime updates
Consumer cryptocurrency trading should be regulated like gambling
The House of Commons Treasury Committee recently called for consumer trading in unbacked...
EBA consults on crypto-assets-related amendments to ML/TF guidelines
The European Banking Authority (EBA) recently launched a public consultation on amendments to its...
PSR confirms new requirements for APP fraud reimbursement
The Payment Systems Regulator (PSR) has argued that new requirements for banks and payment...
Investments Newsletter - June 2023
Investments monthly newsletter - June 2023
MPs scrutinise FCA over two-year Crispin Odey probe
The FCA is under pressure from MPs over its handling of misconduct allegations against the hedge...
Consumer confidence boosted by £2.8bn invested in funds during April
The Investment Association (IA) recently released its key findings for April 2023.
EIS investment into startups hits £2.5bn all-time high
The latest figures from HM Revenue & Customs (HMRC) show more private investors than ever backing...
Payment Services Newsletter - June 2023
A new white paper from Tietoevry Banking argues that - rather than competing - card payments and...
Will the future be cards, mobile payments… or both?
A new white paper from Tietoevry Banking argues that - rather than competing - card payments and...
A2A payments now worth more than $500bn
Worldpay’s Global Payments Report revealed that account-to-account (A2A) payments are now worth...
UK consumers embrace alternative payment methods
The Global Payments Report 2023 shows UK consumers embracing alternative payment offerings like...
Navigating Regulatory Compliance: The Role of Agents in the Changing Financial Landscape
An agent is a person or business which acts on behalf of regulated Payment Services Providers...
Empowering Operational Resilience: Unleashing the Power of Cyber Resilience
In today's digital landscape, organisations face a multitude of cyber threats that can disrupt...
FCA introduces new rules for marketing cryptoassets
In June 2023, the FCA announced in its Policy Statement PS 23/6 new rules that mean crypto firms...
FCA bans referral fees for debt packages
In June 2023, the FCA announced that it is banning, through its Policy Statement 23/5, certain...
Financial Crime Newsletter - May 2023
Financial Crime Newsletter - Here's an overview of our monthly financial crime updates
OPBAS publishes report on legal and accountancy sector supervision
In its fourth report, the Office for Professional Body Anti-Money Laundering Supervision (OPBAS)...
Financial watchdog puts banks on alert in fight against money laundering via the Post Office
A series of measures designed to reduce the risk of money laundering via the Post Office have today...
Payment Services Newsletter - May 2023
Here's an overview of our monthly payment services updates from out Payment Services Compliance...
Report: The European payments landscape for 2023
Payments Cards & Mobile’s exclusive annual review of European payments data from 33 European...
European P2P sector could get €400m boost from AI this year
The continued uptake of artificial intelligence (AI) among European peer-to-peer lending platforms...
GSMA: State of the Industry Report on Mobile Money
Mobile money is now considered a mainstream financial service in many countries During the COVID-19...
Investments Newsletter - May 2023
Investments monthly newsletter - May 2023
Calastone: UK investors poured £1.4bn into equity funds in April 2023
UK investor confidence in equity funds has risen, as demonstrated by the net £1.4bn added to the...
Pridham Report: Fund sales show signs of recovery
Fund sales in the first three months of 2023 improved compared to the previous two quarters, the...
UK venture capital investment tumbles to pre-pandemic levels as market jitters linger
Venture capital investment in the UK tumbled back to pre-pandemic levels in the first three months...
Credit Monthly Newsletter - May 2023
Credit monthly newsletter - May 2023
Fintech to hit $1.5trn by 2030
Asia-Pacific will outpace the US and Europe to eventually become the world’s largest fintech market.
Lending to see £29bn increase
Total lending is expected to go up by 1.2% this year, a net increase of £29bn, according to EY Item...
Bank of England to “water down” rules for lenders
Regulators are therefore examining ways to lower the burden on banks when the UK adopts new...
Compliance and Enforcement Newsletter - May 2023
Compliance and Enforcement Newsletter - May 2023
FCA publishes Decision Notices for Banque Havilland SA and three of its former employees
The FCA has decided to fine Banque Havilland £10m; its former London branch CEO, Edmund Rowland,...
FCA announces plan to deliver significant redress to Woodford investors
Following an investigation by the FCA, Link Fund Solutions (LFS) has agreed to provide, with a...
Joint Regulatory Oversight Committee sets out recommendations for the next phase of open banking in the UK
Today [17/04/2023], the Joint Regulatory Oversight Committee (JROC), co-chaired by the FCA and the...
The FCA to introduce a new Principle and a new Code of Conduct rule in the wake of the Consumer Duty
On 31st July 2023, the FCA will implement the Consumer Duty, which is intended to fundamentally...
FCA will conduct more firm evaluations with little to no advance notification
The FCA has stated that it will conduct assessments on firms with little or no notice when it has...
Building Financial Armor: What you need to know about FIN073, the FCA’s new Regulatory Return
The FCA will be replacing the Financial Resilience Survey with a new Financial Resilience...
General Data and Protection Regulation
The UK Parliament is currently reviewing a new Data Protection and Digital Information Bill with...
The FCA explains its Consumer Duty requirements and the key points you need to be aware of
With fewer than ninety days to go until the start of the Consumer Duty, the FCA has urged firms to...
The FCA’s Assessing Suitability Review (Part 2) is happening. Time to take a look back.
Since 2015, the FCA has seen a seismic shift in people drawing their pension savings flexibly.
FCA warns of impending Consumer Duty deadline
In May 2023, with fewer than ninety days to go until the start of the Consumer Duty, the FCA has...
Recommendations for The Next Phase of Open Banking in the UK
In April 2023 the Financial Conduct Authority (FCA) and the Payment Services Regulator (PSR)...
What the Prime Minister’s Fraud Strategy means for you
In May 2023, the UK Government issued a new Policy Paper describing its fraud strategy for 2019 to...
Multi-occupany leasehold insurance reforms
In May 2023, the FCA proposed, in its Consultation Paper CP 23/8, new rights and protections for...
Changing the scope of the baseline financial resilience regulatory return
In May 2023, the FCA announced that it is consulting on changes to the scope of firms that provide...
Transforming transactions with the digital pound – Is this the future?
The Bank of England and HM Treasury have presented a consultation paper to Parliament entitled:...
Proliferation financing
Proliferation financing refers to the act of providing funds or financial services for use, in...
Payments Services with Purpose: Embracing ESG for a sustainable financial future
In its recent ‘Dear CEO’ letter, the FCA clarified its commitment to supporting the financial...
Senior Managers and Certification Regime (SMCR) and the increasing expectation for FCA to apply this to Payment Services firms
The impetus for introducing the Senior Managers and Certification Regime (SMCR) derived originally...
FCA market abuse peer review of Contracts for Difference and spread bets
In April 2023, the FCA reported in its Market Watch publication on its recent market abuse peer...
Investments Newsletter - April 2023
Investments monthly newsletter - April 2023
Investors pull record £54bn from UK funds
Investors withdrew £53.9bn from UK funds in 2022, the biggest annual outflow ever, according to an...
European investors return to bond and equity markets
European investors have piled back into fixed-income and equity funds, with both asset classes...
European asset managers attract $54bn inflows in 2023 so far
European asset managers have seen inflows of $54bn so far in 2023, marking a reversal from 2022,...
ESMA report finds EU MMF industry worth close to €1.5tn
EU financial markets regulator and supervisor ESMA has published its inaugural market report on EU...
Costs of retail investment products continue slow decline
EU financial markets regulator the European Securities and Markets Authority (ESMA) recently...
Payment Services Newsletter - April 2023
Payment Services Compliance Newsletter from April 2023. Here's an overview of our monthly payment...
UK Open Banking market at a crossroads
A new report on Open Banking by the Coalition for a Digital Economy reports that UK Open Banking is...
Global Payments Report 2023
In 2022, account-to-account (A2A) payments continued growing across the globe, with the expansion...
Optimising payments and the transition to ISO20022
Payment models are changing radically, creating both challenges and opportunities for financial...
Credit Monthly Newsletter - April 2023
Credit monthly newsletter - April 2023
Lenders report increased default rates in Q1
Default rates on secured and unsecured loans to households and loans to small and medium-sized...
Invest and Fund predicts P2P rebirth, as real estate investment evolves
As the market sees increasing corporate ownership of housing assets, residential development...
European P2P market serves 112 countries
Research by Robo.cash suggests European peer-to-peer lenders now operate in 112 countries.
Compliance and Enforcement Newsletter - April 2023
Compliance and Enforcement Newsletter - April 2023
Four individuals face fraud charges
The FCA has started criminal proceedings against four individuals for conspiracy to commit fraud...
FCA imposes restrictions on Lisa Campbell
On 3 April 2023, the FCA imposed a number of conditions on its approval of Lisa Campbell as a...
FCA updates on its operating service metrics for authorisations
The FCA has published an update on its operating service metrics for authorisations timelines.
FCA welcomes publication of criminal market abuse regime review
The FCA has welcomed the UK government’s recently issued statement on the completion of the...
FCA to collect Treasury’s economic crime levy from July
The government’s new economic crime levy (ECL) will be jointly collected by HMRC, the FCA, and the...
Green mortgages present consumer vulnerability risk
David Geale, Director of Retail Banking at the FCA, gave a speech on green mortgages and consumer...
MLTF Regulations 2022 - Material Discrepancies
Money laundering and terrorist financing pose a serious threat to the global financial system, and...
DP 23/3 Review of the Senior Managers and Certification Regime
In December 2022, the Government announced, as part of the Edinburgh Reforms, that the Treasury,...
Reforms to the financial promotions exemptions
The UK government is consulting on proposals to amend the financial promotions exemptions available...
Consumer Duty - 10 things firms need to consider in relation to the fair price and value outcome
The new FCA rules relating to the Consumer Duty Regulation will come into force, for firms that are...
Cryptoasset firms marketing to UK consumers must prepare for financial promotions regime
In April 2023, the FCA publicised that all cryptoasset firms marketing to UK consumers, including...
FCA sets clear plan for next 12 months
In April 2023, the FCA announced that, in the second year of its three-year strategy, it plans to...
Economic Crime Plan
In March 2023, HM Government published its second Economic Crime Plan, covering the period 2023 to...
Payment Services Newsletter - March 2023
Payment Services Compliance Newsletter - Here's an overview of our monthly payment services updates
Cards used for half of payments for first time last year
Card payments accounted for half (51 percent) of all payments in the UK in 2019. Remote banking...
The Future Development of Open Banking in the UK - Final report for the Joint Regulatory Oversight Committee
More than 6.5 million consumers and SMEs in the UK already use open banking-enabled products and...
Britcoin: UK government reveals ‘digital pound’ plans
A central bank digital currency (CBDC) is currently being explored by the Treasury and the Bank of...
The European payments landscape for 2023
Payments Cards & Mobile’s exclusive annual review of European payments data from 33 European...
Interview: The transformation of the UK payments landscape
Jana Mackintosh is Managing Director for Payments and Innovation at UK Finance. She is experienced...
Investments Newsletter - March 2023
Investments monthly newsletter - March 2023
Investment trusts have worst year since 2008
The closed-ended space had its worst calendar year since 2008, but Winterflood analysts are hopeful...
Consolidated VCT sector sees investment boom
The venture capital trust sector underwent a consolidation last year while managing to increase its...
Asset managers prepare for staff reductions and streamlined product offerings in challenging 2023
Asset managers have continued to record outflows, underperformance, and declining revenues in the...
European ETFs see 12% drop in AUM despite inflows
European ETFs saw $87bn in net new assets throughout 2022, despite seeing a drop in assets under...
Top performing funds fail to repeat success
Investors have been warned against chasing annual best performing fund lists, after new data...
Credit Monthly Newsletter - March 2023
Credit monthly newsletter - March 2023
How will the property downturn impact P2P lending?
Investing in property-backed peer-to-peer lending can be a brilliant way to access the housing...
Eurocrowd launches pan-European working group
The European Crowdfunding Network (Eurocrowd) has launched an internal working group for platforms...
P2P business sector booms as consumer lending drops
Peer-to-peer business lending in Europe grew by 76 percent year-on-year to reach €300m (£266m) in...
Compliance and Enforcement Newsletter - March 2023
Compliance and Enforcement Newsletter - March 2023
FCA takes further action against unregistered crypto ATMs in East London
The FCA has used its powers to inspect several sites in East London suspected of hosting illegally...
Financial Conduct Authority to tackle competition problems with the trade data market
A new Financial Conduct Authority report has found that competition in some parts of the wholesale...
FCA to distribute funds to consumers following enforcement against unlawful CFD forex trading business
The FCA has secured money that will be paid to consumers that were subject to illegal contracts for...
FCA takes action against unregistered crypto ATM operators in Leeds
The Financial Conduct Authority has used its powers to enter and inspect several sites around Leeds...
FCA starts court process to recover money for investors
The FCA has commenced High Court proceedings against an unauthorised investment firm and its sole...
FCA Annual Financial Crime Reporting (REP-CRIM) support
Banks, building societies, companies engaged in MiFID activity, and companies dealing in...
FCA Dear CEO Letter published - Payment services firms need to listen up or they will be left behind
On March 16, 2023, the FCA published a Dear CEO Letter sending a strong message to payment services...
Mortgage lending statistics
The FCA collects mortgage lending data via the Mortgage Lending and Administration Return (MLAR)1...
Implementing the Consumer Duty in credit brokers
In March 2023, the FCA issued five Dear CEO letters to credit sector firms concerning the...
FCA confirms help for mortgage borrowers struggling with payments
In March 2023, the FCA confirmed its final mortgage guidance in FG 23/2, setting out the ways...
Fast-growing firms multi-firm review
In March 2023, the FCA summarised its findings and set out its expectations of fast-growing FCA...
As your business blooms, is your regulatory control framework getting stuck in the weeds?
On 10 March, 2023, the FCA set out its expectations of FCA solo-regulated fast growing firms to...
Does your firm need help or advice with its client assets (CASS) arrangements and reporting?
The FCA’s client money and custody assets rules, known as CASS, have been a particular focus for...
The FCA's Asset Management Supervision Strategy – Dear CEO letter
In March 2023, the FCA issued its first Dear CEO letter to asset management firms since it launched...
Creating or advising on high-risk products? If so, you'd better read on
In August 2022, following its consultation (CP 22/2), the FCA published its Policy Statement 22/10...
Payment Services Newsletter
Payment Services Compliance Newsletter - Here's an overview of our monthly payment services updates:
Predicted payments trends for 2023
Our lives are becoming increasingly digitised, as connected devices and services proliferate.
Cash still the most frequently used means of payment at POS
The European Central Bank (ECB) has published its latest study on consumer payment attitudes across...
The future of UK consumer payments
A new forecast from UK Finance predicts that debit cards will be the preferred means of payment for...
Investments Newsletter
Investments monthly newsletter
Fewer UK active managers outperformed in 2022
A study by Hargreaves Lansdown has found that the proportion of UK active managers who outperformed...
Investment trusts with biggest discounts in 2022
Investment trust discounts are at their highest level since the global financial crash in 2008, but...
UK fund flows record second positive month of 2022 in November
UK fund flows reached £389m in November 2022, the second month of positive flows for the year,...
Equity fund flows fall to weakest in eight years
Outflows from equity funds reached £6.3bn in 2022, the lowest figure since 2014, with...
2022, the year that proved troubles come in threes
Managers of UK-focused investment trusts are optimistic for 2023. So says, Nick Britton, head of...
Credit Monthly Newsletter
Credit monthly newsletter
More crowdfunding firms approved under new EU rules
The EU crowdfunding regulator has approved more platforms under the new pan-European crowdfunding...
Paying with BNPL leads to 72% higher transaction values
A study from Erasmus University Rotterdam (EUR) found that consumers spend on average 72% more per...
What does ECSPR mean for UK P2P platforms?
The newly introduced European Crowdfunding Service Providers Regulation (ECSPR) presents an...
Robo.cash predicts 6% growth in P2P volumes for 2023
Robo.cash is predicting that the European peer-to-peer (P2P) lending market will grow 6% during...
Compliance and Enforcement Newsletter
Compliance and Enforcement Newsletter
FCA issues statement of objections to three money transfer firms
In a recently issued statement of objections, the FCA alleged that three money transfer firms fixed...
Michael Nascimento sentenced after failing to pay confiscation order
Michael Nascimento has been sentenced to almost four additional years in prison for failing to pay...
TSB fined £48.6m for operational resilience failings
The FCA and the PRA have fined TSB Bank plc a total of £48.6m over operational risk management and...
FCA publishes observations on how firms are implementing its requirements for the ICARA process and reporting under IFPR
The FCA has published its initial observations on how firms are implementing its requirements for...
FCA seeks views on updating asset management regulation
In February 2023, the FCA announced in its Discussion Paper DP 23/2 that it is seeking views on...
FCA's Executive Director, Sheldon Mills briefs firms on the Consumer Duty
In February 2023, the FCA advised that some firms are using inappropriate tactics in an effort to...
Review and Call for Evidence
In January 2023, HM Treasury released its statutory review of the Payment Services Regulations 2017...
FCA issues Dear CEO letter to debt advice and other debt services firms on implementing the Consumer Duty
In February 2023, the FCA issued two Dear CEO letters to debt advice firms and firms in debt...
FCA issues Dear CEO letter to payment services firms on implementing the Consumer Duty
In February 2023, the FCA issued a Dear CEO letter to firms authorised under the Payment Services...
Ensuring Compliance in the Digital Age: Electronic Communications Exclusion Audits
The electronic communications industry has grown rapidly in recent years, and with it, the...
FCA censures Amigo for failing to conduct adequate affordability checks
In February 2023, the FCA publicly censured Amigo Loans Ltd, via a Final Notice, for failing to...
Buy Now Pay Later (BNPL) Consultation
In February 2023, HM Treasury launched its long-anticipated consultation on the future regulation...
Regulatory returns and the importance of a timely submission
We all know, that for a payment services firm it is critical to stay compliant with the rules of...
Consumer Duty events for retail investment and mortgage firms including compliance consultants
As firms continue to prepare for the implementation of the Consumer Duty regulation in July 2023,...
FCA imposes requirements on firms to change or discontinue promotions in 2022
In February 2023, the FCA announced in its data analysis of 2022 financial promotions, that it had...
FCA publishes Dear CEO letters to help firms to prepare for the Consumer Duty
In February 2023, as firms prepare for the implementation of the Consumer Duty in July 2023, the...
FCA reveals plans to make financial advice more accessible - Update
In November 2022, the FCA, as part of its consumer investment strategy, set out in its Consultation...
HMT launches financial services regulatory regime for cryptoassets
In February 2023, the UK government committed itself to introduce a new regulatory regime for...
FCA proposes to ban debt packager referral fees to protect consumers
In February 2023, the FCA announced that it would progress previous proposals to ban debt packager...
Credit Monthly Newsletter January 2023
Credit monthly newsletter January 2023
What will P2P look like in 2023?
There’s no doubt that 2022 was another transformative time for peer-to-peer lending. The past...
EU agrees new rules on online credit
European parliamentarians have reached an agreement on updated consumer credit rules designed to...
Europe prepares for influx of newly licensed P2P and crowdfunding firms
The new European Crowdfunding Service Provider Regulation (ECSPR) has been effective since November...
New EU rules could see lenders expand to UK
The new European Crowdfunding Service Provider Regulation (ECSPR) could make the UK peer-to-peer...
Payment Services Newsletter January 2023
Payment Services Compliance Newsletter January 2023 - Here's an overview of our monthly payment...
How acquirers can solve the payments puzzle
A new paper from Tribe Payments outlines huge opportunities for acquirers in the digital economy.
Payment platform problems – fix or switch?
Today’s leading financial institutions still operate outdated card and payment platforms dating...
Contactless mobile payments to surpass a billion users in 2024
A new study has found that the total number of unique contactless mobile payment users will top a...
Investments Newsletter January 2023
Investments monthly newsletter January 2023
Industry faces mounting to-do list as regulatory equivalence drifts ever further
Regulatory teams face another tough year in 2023, as further divergence between the EU and UK...
Dividend payouts forecast to hit record highs in 2023
Total dividend payments from the FTSE 100 are forecast to hit a new record in 2023, with a...
Private markets to face reality check in 2023
The resilience of private markets is set to be tested as short-term woes permeate the space; but...
One in five sustainable funds falls short of SFDR standards
Almost 20% of Article 9 sustainable funds are breaching ‘do no harm’ standards, according to new...
Q3 sees new low for funds delivering three-year top-quartile returns
According to Columbia Threadneedle Investments Multi-Manager FundWatch, the number of funds...
Compliance and Enforcement Newsletter January 2023
Enforcement monthly newsletter January 2023
FCA publishes Decision Notices against bond traders over market manipulation
The FCA has published Decision Notices for market abuse that have been issued to bond traders Diego...
FCA issues Final Notice on Carlo Palombo
The FCA has issued a Final Notice prohibiting Carlo Palombo from performing any function in...
Newly authorised firms get FCA support on financial promotions and other rules
The FCA has created a new function to help newly authorised firms adapt to its supervision as they...
FCA raises concerns over problem behaviours linked to trading app design
The FCA has warned stock trading app operators to review design features such as game-like elements...
Final Notice issued to former CEO for anti-money laundering failings
The FCA has publicly censured Mohammad Ataur Rahman Prodhan, the former Chief Executive Officer of...
The FCA’s review of retirement income advice – time to look back to 2015
The FCA announced in January 2023 that it will be kicking off its long-awaited thematic review of...
Cryptoasset AML CTF regime feedback on good and poor quality applications
Only 15% of firms applying under the FCA’s MLR cryptoasset regime have made it through to the other...
FCA highlights areas of focus for firms implementing the Consumer Duty
With six months to go before the Consumer Duty regulation comes in, the FCA has published a...
Consultation on the section 21 gateway
In January 2023, the FCA reminded the industry that, subject to legislation, a new authorisations...
FCA to issue Financial Resilience Survey (formerly “Covid-19 Impact Survey”)
In February 2023, the FCA will ask a wide range of firms to complete a Financial Resilience survey...
FCA thematic review of retirement income advice
In January 2023, the FCA announced that it will be undertaking a thematic review assessing the...
FCA issues portfolio letter to wholesale brokers
In January 2023, the FCA set out in a letter issued to wholesale brokers its new strategy for...
The necessity of compliance - Toqio
One of the hottest topics in fintech right now is related to processes that need to occur prior to...
Portfolio Strategy: Claims Management Companies
In January 2023, the FCA wrote to claims management companies to set out its updated view of the...
Fines issued by the FCA more than doubled in 2022
In January 2023, it was reported that the number of fines issued by the FCA had more than doubled...
Creditspring financial stability tracker
In December 2022, Creditspring, a lender specialising in small no-interest loans, published its...
The mental shift required for the Consumer Duty
We’ve seen, in recent years, our industry becoming more focused on adhering to the abundance of...
TSB fined £48.65m for operational resilience failings - what are the lessons learned?
In December 2022, the FCA and the PRA fined TSB Bank plc £48,650,000 (£29,750,000 by the FCA and...
FCA follows up on High Risk Investments
In late 2022, the FCA engaged with firms, via roundtable sessions, in the run-up to the...
FCA refuses authorisation to two funeral plan providers in 2022
In July 2022, the FCA issued a Decision Notice to One Life Funeral Planning Ltd, refusing the...
FCA tells firms to change behaviour ahead of the Consumer Duty
It has been reported the FCA has begun telling firms to change their behaviour ahead of the...
UK Treasury consults on Consumer Credit Act reforms
For almost fifty years, the Consumer Credit Act 1974 (CCA) has ensured effective regulation for...
Credit Monthly Newsletter December 2022
Credit monthly newsletter December 2022
FCA financial promotions ‘loophole’ threatens BNPL firms with jail time
The FCA has written to buy-now pay-later (BNPL) chiefs warning that they could face up to two years...
£12m compensation to be paid to thousands of struggling borrowers
The FCA expects lenders to learn the lessons from examples of good and poor practice seen during...
One in eight UK consumers has experienced BNPL fraud
New research shows that only a third of Brits trust buy-now-pay-later (BNPL) services to protect...
P2P investing stands out in a record year for alternatives
Peer-to-peer lending has stood out amongst alternative investments, offering more transparency,...
Investments Newsletter December 2022
Investments monthly newsletter December 2022
UK bonds see £1.3trn drop in value since start of 2022
A research report by Collidr Asset Management has found that, by late October, more than £1.3trn...
VCT fundraising behind schedule due to late offer openings
By October, venture capital trusts (VCTs) had raised fewer funds in the current tax year than in...
UK funds suffered largest outflows on record in September
According to Investment Week September saw the largest redemptions on record from UK focused funds,...
UK investors flee equity funds in record-breaking dash
UK equity funds saw the highest level of outflows on record during August, according to data from...
Retail investors set to drive next wave of alternatives AUM growth
A report by data provider Preqin suggests that private capital assets under management (AUM) are...
Compliance and Enforcement Newsletter December 2022
Enforcement monthly newsletter December 2022
FCA obtains High Court judgment against unauthorised mortgage brokers
The FCA has obtained a judgment against London Property Investments (U.K.) Limited (LPI) and NPI...
FCA bans director with violent criminal conviction
The FCA has banned Ashkan Zahedian from working in financial services after he was convicted of...
FCA progresses market abuse claim against Globo Plc chiefs
The FCA has commenced civil proceedings against the former CEO and CFO of Globo Plc for alleged...
FCA prosecutes five individuals over 'all-or-nothing’ investment scheme
Following an application at Southwark Crown Court on 31 October 2022, two prosecutions for alleged...
FCA cancels Umuthi Healthcare Solutions shares
Earlier this year, the FCA issued Umuthi Healthcare Solutions PLC (UHS) with a First Supervisory...
Payment Services Newsletter December 2022
Payment Services Compliance Newsletter December 2022 - Here's an overview of our monthly payment...
Digital wallet users expected to exceed 5.2 billion globally by 2026
A new study has found that the total number of digital wallet users will exceed 5.2 billion...
How does the future look for embedded payments?
A long article in Payments Cards & Mobile looked at what embedded payments are - and what the...
World Payment Report 2022
The latest edition of the World Payment Report 2022 is now live. As we can all acknowledge, work,...
75% of European banks to move parts of payments value chain to SaaS
A new study from Tietoevry Banking reveals that European banks will accelerate outsourcing in...
Chancellor Hunt to launch review of Senior Managers and Certification Regime
In December 2022, the Chancellor of the Exchequer announced a set of reforms, referred to as the...
Portfolio strategy letter for Financial Advisers and Intermediaries
In December 2022, the FCA issued a portfolio strategy letter to the CEOs of financial advisers and...
Payment services authorisation update Dec 22
During a recent regulatory compliance forum, a keynote speech made by Nicholas Webb, the manager of...
Mortgage lending statistics - December 2022
The FCA collects mortgage lending data via the Mortgage Lending and Administration Return (MLAR)...
FCA reveals plans to make financial advice more accessible
In November 2022, the FCA, as part of its consumer investment strategy, set out in its Consultation...
FCA fines Pembrokeshire Mortgage Centre Ltd £2.4m for serious failings in relation to the British Steel Pension Scheme
In December 2022, FCA fined Pembrokeshire Mortgage Centre Limited (trading as County Financial...
FCA sets out how mortgage firms should be supporting borrowers
In December 2022, the FCA set out ways that mortgage firms can help customers worried about or...
The FCA proposes stricter regulations to protect consumers from misleading financial promotions
In December 2022, the FCA proposed new measures to clamp down on illegal, unfair or misleading...
First Supervisory Notice to Lilium Markets Ltd
In November 2022, the FCA issued a First Supervisory Notice explaining its decision, taken the...
FCA highlights continuing concerns about problem firms in the CFD sector
On 1st December 2022, the FCA issued a Dear CEO letter to CFD providers outlining its expectations...
Improvements needed to the credit information market to deliver better lending decisions for borrowers
In November 2022, the FCA set out its proposals in the interim report forming part of its Market...
8th December 2022 deadline - Stronger FCA oversight of Appointed Representatives (ARs)
In December 2021, the FCA issued a consultation paper, CP 21/34 on improving the appointed...
FCA review of stock trading app operators
The FCA has warned stock trading app operators to review design features in their apps, including...
Credit Monthly Newsletter November 2022
Credit monthly newsletter November 2022
BNPL – Not such a great idea after all?
In this article we look at the effect of an economic slowdown on payment choices and ask whether...
90pc of European platforms applying for EU-wide licence
90 per cent of European crowdfunding platforms say they have already started working on the...
Four platforms authorised under new EU crowdfunding rules
Lendahand and Crowdcube are among the first cohort of crowdfunding platforms to be authorised under...
Payment Services Newsletter November 2022
Payment Services Compliance Newsletter November 2022 - Here's an overview of our monthly payment...
Swift accepts community request to delay ISO 20022 migration
Swift says it has worked extensively with its global community to prepare for the start of the ISO...
The EBA Fraud Taxonomy is now publicly available
To match the speed of instant payments and their increasing adoption throughout Europe, fraud...
Payments industry continues strong post pandemic recovery statistics
A new report on the recovery of the payments industry suggests the global payments industry...
Investments Newsletter November 2022
Investments monthly newsletter November 2022
Investors set to prioritise healthcare amid demographic shift
Healthcare is set to get a boost after the sector was identified as ‘significantly attractive’ by...
Demand for investment trusts remains resilient in Q2 despite market turmoil
Purchases of investment companies on adviser platforms remained resilient in the second quarter of...
Outflows slow to £129 million in July amidst continued uncertainty
UK savers took £129 million out of funds in July 2022, down from £4.5 billion in June, according to...