News & Analysis as of

Financial Conduct Authority (FCA) Banking Sector FinTech

Shearman & Sterling LLP

UK Regulators Consult on Digital Securities Sandbox

On April 3, 2024, the Bank of England and U.K. Financial Conduct Authority published a jointĀ consultation paperĀ on proposed rules for the incoming digital securities sandbox. The Financial Services and Markets Act 2023...more

Allen & Overy LLP

Our top ten enforcement takeaways from the FCA Business Plan 2024/25

Allen & Overy LLP on

The UK Financial Conduct Authority (FCA) has published its business plan for 2024/25. Reducing and preventing financial crime, championing consumer needs and strengthening the UKā€™s position in global wholesale markets all...more

Allen & Overy LLP

Key Regulatory Topics: Weekly Update 8 - 14 Mar 2024

Allen & Overy LLP on

There were some key publications this week in relation to financial crime, including a Commission request for the EBA to advise on standards and guidelines under the future AML/CFT framework in Europe and, in the UK, an HMT...more

Allen & Overy LLP

Key Regulatory Topics: Weekly Update 23-29 Feb 2024

Allen & Overy LLP on

Amongst the broad range of updates this week, at international level, the FSB published its thematic peer review on MMF Reforms and the BCBS published the outcomes of its meeting held on 28 and 29 February, including that it...more

Allen & Overy LLP

Key Regulatory Topics Weekly Update 16 February to 22 February 2024

Allen & Overy LLP on

Of particular note this week in the EU, the Council adopted the legislative package to strengthen market data transparency which includes changes to the EUā€™s trading rules on market data, payment for order flow and commodity...more

Katten Muchin Rosenman LLP

UK Financial Insights from Katten | Issue 8

UK Financial InsightsĀ from KattenĀ is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds in the UK and Europe....more

Goodwin

Providing Critical Services to the UK Financial Sector: Important Draft Rules for Fintechs

Goodwin on

On 7 December 2023, the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) published a joint consultation paper titled ā€CP26/23 - Operational resilience: Critical third parties to the UK financial...more

Katten Muchin Rosenman LLP

The Latest State of Play for the Regulation of AI in the UK Financial Services Industry

On 1 and 2 November 2023, the UK hosted the world's first summit on artificial intelligence safety at Bletchley Park (the Summit). Once the top-secret home where Britain's World War II cryptographers decoded secret enemy...more

Skadden, Arps, Slate, Meagher & Flom LLP

A New Regime Governing Stablecoins

On 6 November 2023, the Bank of England (the UKā€™s central bank) issued a discussion paper on the regulation on stablecoins, alongside another paper by the UK Financial Conduct Authority (FCA) (DP23/4) and a ā€œDear CEOā€ letter...more

Shearman & Sterling LLP

FCA Reviews Treatment of Politically Exposed Persons

The U.K. Financial Conduct Authority has launched a review of the treatment by regulated financial services firms of Politically Exposed Persons based in the U.K. Firms are currently obliged, under the Money Laundering,...more

Shearman & Sterling LLP

UK Conduct Regulator Offers Small Reprieve for Cryptoasset Marketing

The U.K. Financial Conduct Authority announced on September 7, 2023, that firms may avail themselves of a delay to the application of some rules applying to cryptoasset financial promotions. The FCA published rules for...more

Shearman & Sterling LLP

UK Statutory Instrument Published to Bring Cryptoassets Within Financial Promotions Regime

On 7 June 2023, the U.K. government published a statutory instrument (the Financial Services and Markets Act 2000 (Financial Promotion) (Amendment) Order 2023 (FP (Amendment) Order) and related explanatory memorandum)...more

Shearman & Sterling LLP

UNIDROIT Publishes Principles on Digital Assets and Private Law

On May 18, 2023, the International Institute for the Unification of Private Law (UNIDROIT), the intergovernmental organization for modernizing and coordinating private law, published a set of draft Principles on Digital...more

Hogan Lovells

UK FCA overdrafts remedies: Positive findings tempered by cost of living and upcoming Consumer Duty

Hogan Lovells on

The FCAā€™s evaluation of its 2019 personal current account (PCA) overdraft rule changes - introduced as part of its High-Cost Credit Review - paints a largely positive picture in terms of good consumer outcomes. However, the...more

Hogan Lovells

Cost of living crisis and financial services: whatā€™s the impact in the UK and Ireland?

Hogan Lovells on

As part of the Hogan Lovells FinTech Fundamentals webinar series, on 22 March 2023 Financial Services Regulatory senior associate Jen Staniforth hosted a thought provoking panel discussion on the impact of the cost of living...more

Hogan Lovells

UK Consumer Duty: Key considerations to ensure positive Consumer Support outcomes

Hogan Lovells on

The overarching aim of the Consumer Duty principle is to achieve good outcomes for customers. The Consumer Support outcome is intended to ensure that firms apply the same standards to customer journeys before and after the...more

Shearman & Sterling LLP

UK Government Publishes Edinburgh Reforms for Financial Services

Shearman & Sterling LLP on

The U.K. Government announced on 9 December 2022 a series of initiatives, billed as the Edinburgh Reforms, to reform the laws for the U.K. financial services sector. In this note, we consider these reforms in detail and what...more

Wilson Sonsini Goodrich & Rosati

Big Techā€™s Competition Impacts on Payments and Retail Finance in Regulatory Spotlight

The UK Financial Conduct Authority (FCA) recently published a discussion paper (here) summarizing its preliminary findings on the potential competition impact of Big Tech entry into retail financial services. The FCA is now...more

Morrison & Foerster LLP

New European Fintech Regulations Affecting ICT Providers

Morrison & Foerster LLP on

Both the EU and the UK are taking steps to enhance the rules in the financial services sector to add a new layer of direct regulation for key technology providers to banks and other regulated financial services institutions ā€“...more

Hogan Lovells

Global Payments Newsletter, August 2022

Hogan Lovells on

Key developments of interest over the last month include: UK FCA publishes final Consumer Duty rules and guidance; European Commission adopts Delegated Regulation amending RTS on SCA and CSC under PSD2; and South East Asian...more

Shearman & Sterling LLP

UK Treasury Committee Makes Recommendation for Future Regulatory Framework Review

The House of Commons Treasury Committee has published a report on the Future of Financial Services Regulation setting out its view on the priorities for regulatory change in the U.K. now that the U.K. has left the EU. The...more

Skadden, Arps, Slate, Meagher & Flom LLP

UK Government Details Plans To Foster a Cryptocurrency and Fintech Hub

The UK government has unveiled its plans to position the UK as a leading global hub for cryptocurrencies and fintech. John Glen, the Economic Secretary to the Treasury set out detailed proposals to support the development...more

Shearman & Sterling LLP

UK Financial Conduct Authority Acts to Improve Financial Crime Issues at Challenger Banks

The U.K. Financial Conduct Authority has published the findings of itsĀ multi-firm review into financial crime controlsĀ at challenger banks. The FCA undertook the review in 2021 in response to the 2020 National Risk Assessment...more

Hogan Lovells

Global Payments Newsletter, October 2021

Hogan Lovells on

Key developments of interest over the last month include: United Kingdom: HM Treasury responds to Payments Landscape Review call for evidence Hong Kong: HKMA publishes white paper exploring the idea of a CBDC Italy: Bank of...more

Hogan Lovells

Global Payments Newsletter, September 2021

Hogan Lovells on

Key developments of interest over the last month include: El Salvador: Bitcoin becomes legal tender European Union: European Commission proposes Path to the Digital Decade to deliver EU's digital transformation by 2030...more

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JD Supra Privacy Policy

Updated: Dec 28, 2021:

JD Supra is a legal publishing service that connects experts and their content with broader audiences of professionals, journalists and associations.

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Links to Other Websites

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Information for EU and Swiss Residents

JD Supra's principal place of business is in the United States. By subscribing to our website, you expressly consent to your information being processed in the United States.

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You can make a request to exercise any of these rights by emailing us at privacy@jdsupra.com or by writing to us at:

Privacy Officer
JD Supra, LLC
150 Harbor Drive, #2760
Sausalito, CA 94965

You can also manage your profile and subscriptions through our Privacy Center under the "My Account" dashboard.

We will make all practical efforts to respect your wishes. There may be times, however, where we are not able to fulfill your request, for example, if applicable law prohibits our compliance. Please note that JD Supra does not use "automatic decision making" or "profiling" as those terms are defined in the GDPR.

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California Privacy Rights

Pursuant to Section 1798.83 of the California Civil Code, our customers who are California residents have the right to request certain information regarding our disclosure of personal information to third parties for their direct marketing purposes.

You can make a request for this information by emailing us at privacy@jdsupra.com or by writing to us at:

Privacy Officer
JD Supra, LLC
150 Harbor Drive, #2760
Sausalito, CA 94965

Some browsers have incorporated a Do Not Track (DNT) feature. These features, when turned on, send a signal that you prefer that the website you are visiting not collect and use data regarding your online searching and browsing activities. As there is not yet a common understanding on how to interpret the DNT signal, we currently do not respond to DNT signals on our site.

Access/Correct/Update/Delete Personal Information

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Changes in Our Privacy Policy

We reserve the right to change this Privacy Policy at any time. Please refer to the date at the top of this page to determine when this Policy was last revised. Any changes to our Privacy Policy will become effective upon posting of the revised policy on the Website. By continuing to use our Website and Services following such changes, you will be deemed to have agreed to such changes.

Contacting JD Supra

If you have any questions about this Privacy Policy, the practices of this site, your dealings with our Website or Services, or if you would like to change any of the information you have provided to us, please contact us at: privacy@jdsupra.com.

JD Supra Cookie Guide

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How We Use Cookies and Other Tracking Technologies

We use cookies and other tracking technologies to:

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Controlling and Deleting Cookies

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Updates to This Policy

We may update this cookie policy and our Privacy Policy from time-to-time, particularly as technology changes. You can always check this page for the latest version. We may also notify you of changes to our privacy policy by email.

Contacting JD Supra

If you have any questions about how we use cookies and other tracking technologies, please contact us at: privacy@jdsupra.com.

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