Expertise that adds value
The Financial Conduct Authority (FCA)’s Consumer Duty rules were announced in July 2022 and came into force for open products and services in July 2023.
The message from the FCA was clear at fscom’s Payments Regulatory Outlook, as it has been for the previous number of years: keep the money
The new Consumer Duty so far One of the questions most asked of me in recent weeks is how far the payments sector has got
The impact of Brexit is a frequent – and often contested – topic of debate in virtually every industry. But the impact on payment and
For the payments compliance and regulation sector, 2021 has continued at the same frantic pace as 2020, with multiple consultations issued in the first quarter
Yesterday HM Treasury issued a consultation on a proposed special administration regime for insolvent payment and e-money institutions. Speed is clearly of the essence for
The FCA has, yesterday, told payment and e-money institutions that they must produce wind-down plans (WDP) as a condition of authorisation. The move is the
The FCA has, yesterday, published temporary guidance for payment and e-money institutions on how to safeguard and manage their prudential risks. The guidance was consulted on in
fscom will be hosting a webinar on what should be included in a regulated firm’s winddown plan to help clients with the complex task of
Payment and e-money institutions have long called for clearer guidance on the FCA’s expectations of how they meet their obligation to protect customers’ funds. Friday week ago, the FCA
