UK

United Kingdom

Cryptoasset Taskforce publishes report on UK approach to cryptoassets

The Financial Conduct Authority (FCA) has today, as part of a Treasury (HMT) led Cryptoasset Taskforce published a report on the UK’s policy and regulatory...

RegTech Regulatory Reporting or What we’ve learned from the FCA DRR paper

Data or rather the quality of data is often at the centre of any problem RegTech tries to solve. The same is true for Regulatory...

UK financial watchdog consults on no-deal Brexit approach

The Financial Conduct Authority (FCA) today published two consultation papers, setting out its proposals in the event the UK leaves the European Union on 29...

The Increasing Accountability of Senior Management in Financial Services

The Global Financial Crisis is pinned to the moral hazard of bankers but the question is whether it has resulted in any changes to senior...

FCA proposes changes to rules for crowdfunding platforms

Following a post-implementation review of its crowdfunding rules, the Financial Conduct Authority (FCA) is opening a consultation on new rules for loan-based crowdfunding platforms. The...

The Brexit clock is ticking – What FinTechs and RegTechs need to do now

Time is running out On Friday, Theresa May, the British prime minister, managed to convince her cabinet to reach an agreement on how to approach the...

FCA publishes discussion paper on transforming culture in financial services

The Financial Conduct Authority (FCA) has today published a discussion paper on transforming culture in financial services which presents views from academics and industry thought...

Plans for Bitcoin AML regulation? You really shouldn’t be surprised, you know!

The Treasury statement that anti-money laundering regulations should be updated to include Bitcoin and other virtual currencies has caused quite a stir. Looking closely at...

British financial regulator warns about risks of investing in cryptocurrency derivatives

The British financial regulator, the Financial Conduct Authority (FCA), has today published a warning about the risks of investing in cryptocurrency Contracts for differences (CFDs)....

FCA advises on PSD2 implementation

Today, the FCA published the policy statement PS17/19 regarding the Implementation of the revised Payment Services Directive (PSD2). The revised Payment Services Directive (PSD2) is required...

FCA consults on information about current account services

The FCA today published its Consultation Paper CP17/24 on proposals to require current account providers to publish information on service and performance. This consultation proposes new...

FCA outlines next stage of Project Innovate

The FCA is taking its efforts in the FinTech and RegTech area to the next level as indicated in a speech by a senior official....

FCA publishes near final rules on MiFID II and encourages firms to submit applications for MiFID II authorisation

The Financial Conduct Authority (FCA) has today published near final rules on the implementation of the Markets in Financial Instruments Directive (MiFID) II. These include...

FCA reviews effectiveness of UK primary capital markets

The Financial Conduct Authority (FCA) has today published a Discussion Paper which seeks feedback on how the UK primary capital markets can most effectively meet...

FCA fines Deutsche Bank £163 million for serious anti-money laundering controls failings

The Financial Conduct Authority (FCA) has today fined Deutsche Bank AG (Deutsche Bank) £163,076,224 for failing to maintain an adequate anti-money laundering (AML) control framework...

Former portfolio manager sentenced to 12 months imprisonment for insider dealing

In a prosecution brought by the Financial Conduct Authority (FCA) Mark Lyttleton, a former Equity Portfolio Manager at BlackRock Investment Management (UK) Limited, has today...

PRA issues rules for passporting and algorithmic trading under MiFID II

This Prudential Regulation Authority (PRA) today published policy statement (PS) 29/16. The paper provides feedback to responses to Consultation Paper (CP) 9/16 ‘Implementation of MiFID II:...

FCA publishes MiFID II consultation paper

The Financial Conduct Authority (FCA) has today (29 September 2016) published its third consultation paper on the implementation of the revised Markets in Financial Instruments...

UK regulator reminds firms’ of importance of diversity on management bodies

The PRA today published a letter it had sent to firms regarding the PRA rules on diversity within firms’ management body. This letter is a reminder...

FCA publishes policy development update

The FCA today published Policy Development Update – Issue 36. These updates provide information on publications issued since the last edition, information about recent Handbook-related and other...

FCA and PRA respond to Parliament’s questions on crowdfunding regulation

The Treasury Committee has published responses from Tracey McDermott, former Chief Executive of the Financial Conduct Authority (FCA), and Andrew Bailey, former Deputy Governor for...

Can we predict which consumer credit users will suffer financial distress?

The FCA today published its Occasional Paper No. 20 with the title "Can we predict which consumer credit users will suffer financial distress?". People suffer financial...

FCA highlights risks about accepting business from unauthorised introducers or lead generators

The FCA today issued a statement regarding investment advisers’ and authorised firms’ responsibilities when accepting business from unauthorised introducers or lead generators. An authorised firm...

FCA provides update on Payment Protection Insurance

The Financial Conduct Authority (FCA) has today confirmed that it believes that, overall, the package of proposals on payment protection insurance (PPI) complaints laid out...

FCA advises on Payment Accounts Regulations

The FCA today published PS16/20: Payment Accounts Regulations 2015 - feedback on CP16/7, final Handbook changes and finalised guidance. In this Policy Statement the FCA summarises the feedback...

PRA publishes latest monthly regulatory update

The Prudential Regulation Authority (PRA) today published a regulatory digest for the month of July. The digest is for people interested in the UK financial services industry and highlights key regulatory news and...

FCA consults on MiFID II implementation

The Financial Conduct Authority (FCA) has today published its second consultation paper (CP16/19) on the implementation of the Markets in Financial Instruments Directive II (MiFID...

FCA advises on Financial Crime reporting

The FCA today issued Policy Statement "PS16/19: Financial Crime Reporting: feedback on Chapter 6 of CP15/42 and final rules". In this Policy Statement, the FCA reports on...

FCA outlines next steps in FX remediation programme

The FCA today published a statement in relation to its FX remediation programme, which it had launched in 2014 to ensure UK foreign exchange (FX) firms addressed...

FCA publishes final findings of credit card market study

The Financial Conduct Authority (FCA) has today published the final findings of its study of the credit card market, and set out a package of...