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Future Payments

Future of Payments

In November this year, HM Treasury (HMT) published a report, ‘The Future of Payments Review 2023’,...
e-money institutions

FCA review of Money mules

In October 2023, the FCA publicised the key findings arising from its multi-firm review of payment...
Crypto Promotions

FCA crypto promotion alerts

In October 2023, the FCA announced that it had issued 146 alerts about cryptoasset promotions on...
Digital Pound

The digital pound

The Bank of England (BoE) recently announced that it is looking into the case for a digital pound.
Money Laundering

Proliferation financing

Proliferation financing refers to the act of providing funds or financial services for use, in...
Global Payments

Global Payments Report 2023

In 2022, account-to-account (A2A) payments continued growing across the globe, with the expansion...
Economic Crime Plan

Economic Crime Plan

In March 2023, HM Government published its second Economic Crime Plan, covering the period 2023 to...
mortgage lending compliance

Mortgage lending statistics

The FCA collects mortgage lending data via the Mortgage Lending and Administration Return (MLAR)1...
Payment Services

Payment Services Newsletter

Payment Services Compliance Newsletter - Here's an overview of our monthly payment services updates:
Payment services

Review and Call for Evidence

In January 2023, HM Treasury released its statutory review of the Payment Services Regulations 2017...
World Payment

World Payment Report 2022

The latest edition of the World Payment Report 2022 is now live. As we can all acknowledge, work,...
Resilience

Operational resilience

At the end of 2019, the PRA and FCA publicised a joint Consultation Paper on Operational...
Deadline

TPR Deadline Nov 22

In its October 2022, regulation roundup, the FCA announced that EEA-based firms in the temporary...
High cost risk

High cost lenders

In October 2022, the FCA issued a Dear CEO letter that sets out the regulator’s updated view on the...

Market Watch 70

In its Market Watch 70, the FCA outlines some recent observations on the transaction reporting and...

FCA Consumer Duty webinars

In September 2022, the FCA announced that it is hosting a series of sector-based webinars in...

Funeral Plan Regulations

In March 2021, the FCA launched a consultation on its proposal for introducing regulation to the...

New Payments Architecture

The New Payments Architecture (NPA) is intended to create a retail payment infrastructure that will...

FCA issues Market Watch 69

In its Market Watch 69, issued in May 2022, the FCA discusses firms’ arrangements for market abuse...

Employee fraud increases

KPMG’s latest published biannual UK Fraud Barometer disclosed that cases of fraud by employees rose...
compliance consultants

Matched Principal exemption

The Matched Principal exemption from the regulated activity of dealing as principal will no longer...

FCA Business Plan 2021/22

The FCA Business Plan 2021/22, issued on 15th July 2021. It's the first annual plan since Nikhil...

New FCA online fees portal

New FCA online fees portal launched on 12 April 2021 for users to access their invoices and arrange...

FCA Market Watch 66

In its most recent Market Watch 66, published in Jan 20, the FCA sets out its expectations for...

5MLD temporary crypto regime

FCA established, from 16 Dec 2020, a 5MLD temporary crypto regime to allow existing cryptoasset...

SM&CR annual reporting

The SM&CR introduced a new annual reporting requirement which firms must complete and submit to the...

New CBDF rules

The CBDF rules (CBDF Directive) introduced a new harmonised definition for "pre-marketing" in the...

FCA DB transfer feedback

The FCA is undertaking thirty enforcement investigations arising from concerns identified in the...

Assessment of Value reports

The FCA is holding discussions with fund firms to ascertain whether they are complying with the...

FCA Policy Statement 19/4

Policy Statement 19/4 is set to improve the quality of information available to investors in...

CASS Update

There are no significant CASS regulatory changes in the pipeline however it is important for firms...

MiFID II - A Year On

A year on since it's implementation, here are the biggest challenges firms have faced so far in...

Autumn Budget 2018

The Autumn Budget 2018 includes various issues relating to Thistle clients; Brexit, taxations, PFI...

EMI Thematic Review

In October 2018, the FCA published its EMI thematic review into money laundering and terrorist...

ESMA CFD Update

The latest ESMA update agrees to renew the restriction on the marketing, distribution or sale of...

Data Breach Over-Reporting

Many businesses are disclosing minor personal data breaches to it in the mistaken belief that they...

Track My Application (TMA)

Track My Application (TMA) will help Connect users keep track of their FCA application and...

Dear CEO Brexit letter

The FCA has said UK firms will be given some flexibility when deciding how best to ensure that they...

FCA Sandbox Cohort 4

The FCA announced on 3rd July 2018 the 29 firms that were successful in their applications to begin...

LEI Transition Period Ends

ESMA have confirmed the LEI transition period allowing for a smooth introduction of the use of...

FCA Change of Address

The FCA’s registered address will formally change on 1st July 2018, please use this address when...

FCA Adviser T&C Review

The FCA has recently written to adviser firms asking for details of their training, competence and...

GDPR Update

Some recently issued industry research shows that some advisers may be underprepared for the...

FCA Business Plan 2018/19

The priorities in this year’s FCA Business Plan reflect the high level of resource the FCA needs to...

Passporting Update

Greater certainty and stability offered to financial markets by the Brexit transition agreement...

FCA Regulatory Return Letter

The FCA issued Dear CEO letters in February 2018 to investment firms concerning the quality of the...

FCA and ICO Joint GDPR Update

The EU General Data Protection Regulation will apply in the UK from 25 May 2018. It is an essential...

AIS and PIS Applications

The majority of the updated PSD 2 regime will apply from 13/01/2018 and certain payments businesses...