The FCA has provided feedback on its 2025 multi-firm review of customer due diligence (CDD), enhanced due diligence (EDD) and ongoing due diligence controls across various regulated sectors.
The feedback relates to the...more
4/13/2026
/ AML/CFT ,
Anti-Money Laundering ,
Compliance Management Systems ,
Compliance Monitoring ,
Customer Due Diligence (CDD) ,
Due Diligence ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
Financial Services Industry ,
Internal Audit Functions ,
Policies and Procedures ,
Regulatory Oversight ,
Risk Assessment ,
Risk Management
On 30 March, the UK Financial Conduct Authority (FCA) published Policy Statement PS26/3 (the PS), which confirmed the introduction of an industry-wide motor finance redress scheme (the Scheme). The Scheme is intended to...more
4/3/2026
/ Automotive Industry ,
Compliance Dates ,
Consumer Lenders ,
Consumer Protection Laws ,
Credit Agreements ,
Disclosure Requirements ,
Financial Conduct Authority (FCA) ,
Lenders ,
Loans ,
New Regulations ,
Redress Payments ,
Regulatory Oversight ,
Regulatory Requirements ,
Reporting Requirements ,
UK
The Financial Conduct Authority (FCA) held a webinar on 18 March regarding its expectations for cryptoasset firms’ anti-money laundering (AML), counterterrorist financing (CTF) and proliferation financing frameworks (AML...more
3/20/2026
/ AML/CFT ,
Anti-Money Laundering ,
Anti-Terrorism Financing ,
Blockchain ,
Compliance ,
Cryptoassets ,
Cryptocurrency ,
Customer Due Diligence (CDD) ,
Digital Assets ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
FinTech ,
Money Laundering ,
Regulatory Oversight ,
Regulatory Requirements ,
Risk Management ,
Sanctions ,
Transaction Monitoring ,
Travel Rule
HM Treasury has just published a consultation paper seeking views on proposed legislative changes to the appointed representatives (AR) regime under the Financial Services and Markets Act 2000 (FSMA). The regime, which allows...more
2/13/2026
/ Consultation Papers ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Reform ,
Financial Services Industry ,
HM Treasury ,
New Legislation ,
Proposed Legislation ,
Proposed Rules ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
Risk Management ,
UK
The Financial Conduct Authority (FCA) hosted a webinar on 29 January on the new regime for cryptoasset regulation that will commence 25 October 2027.
The FCA stressed the importance for cryptoasset businesses to act now...more
1/29/2026
/ AML/CFT ,
Anti-Money Laundering ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
FinTech ,
New Regulations ,
Registration Requirement ,
Regulatory Reform ,
Regulatory Requirements ,
Risk Management ,
UK
As part of the UK’s rapid overhaul of its digital assets regulatory regime, the Bank of England this week issued a consultation paper on the bank’s “Proposed regulatory regime for sterling-denominated systemic stablecoins”....more
11/14/2025
/ Bank of England ,
Consultation Papers ,
Digital Assets ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Reform ,
FinTech ,
HM Treasury ,
New Regulations ,
Payment Systems ,
Regulatory Oversight ,
Regulatory Requirements ,
Risk Management ,
Stablecoins ,
UK
On 7 April 2025, HM Treasury published a consultation to overhaul the UK Alternative Investment Fund Managers regime. That same day, the Financial Conduct Authority (FCA) published a call for input outlining its intended...more
This briefing covers the FCA’s proposed rules for market abuse in cryptoassets (MARC) in (DP24/4) and follows our earlier coverage on the proposals for the FCA’s admissions and disclosures (A&D) regime proposed in that...more
1/28/2025
/ Anti-Money Laundering ,
Compliance ,
Crypto Exchanges ,
Cryptoassets ,
Digital Assets ,
Disclosure Requirements ,
Financial Conduct Authority (FCA) ,
Insider Trading ,
Market Abuse ,
Market Manipulation ,
Regulatory Requirements ,
UK
The Financial Conduct Authority (FCA) has released its first publication (DP24/4) on its future rules for U.K. cryptoasset market participants. This discussion paper seeks input on the FCA’s proposed rules for admissions and...more
1/17/2025
/ Anti-Money Laundering ,
Compliance ,
Cryptoassets ,
Digital Assets ,
Disclosure Requirements ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Market Abuse ,
Proposed Rules ,
Regulatory Agenda ,
Regulatory Requirements ,
Securities Regulation ,
UK
The U.K.’s Financial Conduct Authority (FCA) has today published its high-level proposals for a major overhaul of the U.K.’s cryptoasset regulatory regime. Whilst substantive rules have not been issued today, the FCA’s...more
The U.K.’s banking and financial services regulators have recently issued guidance updating their approach to handling applications to approve acquisitions of U.K.‑regulated businesses. This guidance is of interest to...more
11/21/2024
/ Control Test ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
General Partnerships ,
Hedge Funds ,
Limited Partnerships ,
Private Equity ,
Prudential Regulation Authority (PRA) ,
Significant Influence Test ,
UK ,
UK Brexit
Crypto-asset firms are increasingly focused on the impact of MiCA on their businesses both from the perspective of high-level strategy and in relation to changes to their day-to-day compliance arrangements. MiCA represents a...more
This Note is the second part of our look at regulatory expectations for sanctions compliance in the U.K. The first part of our review looked at Financial Conduct Authority (“FCA”) systems and controls requirements. The focus...more
11/22/2023
/ Due Diligence ,
Economic Sanctions ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
Fund Transfers ,
Money Laundering ,
National Crime Agency (NCA) ,
Office of Financial Sanctions Implementation (OFSI) ,
Risk Assessment ,
Terrorism Funding ,
UK
The PRA and FCA have announced that the U.K. will be removing the bonus cap for individuals working in U.K. banks.
The U.K.’s remuneration rules for the banking and financial services sector were introduced in the wake of...more
Enforcement and legal risks relating to sanctions compliance remain high and all firms should continue to exercise care in meeting regulatory expectations. The promulgation of new sanctions relating to Russia has slowed but...more
Over the last few months, the European Commission and the European Supervisory Authorities (“ESAs”) have published a number of press releases and reports that aim to clarify and provide further updates on concepts used within...more
On 12 April 2023, the European Supervisory Authorities (“ESAs”) published a joint consultation, proposing further amendments to the Regulatory Technical Standards (“RTS”) regarding the sustainability indicators in relation to...more
The UK Government has successfully positioned the UK as a FinTech and Crypto-friendly jurisdiction. At the same time, in a post-Brexit world, UK regulation of the crypto sector has lagged behind developments in the EU where...more
2/3/2023
/ AML/CFT ,
Anti-Money Laundering ,
Cryptoassets ,
Cryptocurrency ,
Financial Conduct Authority (FCA) ,
Financial Services and Markets Act ,
FinTech ,
FSMA ,
Stablecoins ,
UK ,
UK Brexit
Digital assets have experienced enormous growth over the recent years, including in the derivatives space, with certain assets such as Bitcoin and Ether having daily trading volumes that rival some of the more traditional...more