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Compliance

Regulation of claims management – all you need to know

On 1 April, the Financial Conduct Authority took over regulation of claims management companies (CMCs). If you work in claims management, what does this mean? What will the impact be, and what does your firm need to do to ensure you’re compliant? FCA regulation of the claims management industry In September last year, the Authority [...]

April 12th, 2019|Compliance|0 Comments

What is the impact of the FCA’s ban on binary options?

On 29 March, the Financial Conduct Authority confirmed that it was permanently banning the sale of binary options to retail customers. In an announcement on its website, the regulator stated that following consultation feedback, it had decided that ‘all firms acting in or from the UK are prohibited from selling, marketing or distributing binary options [...]

April 5th, 2019|Compliance|0 Comments

How to comply with the FCA’s final Brexit rules

Today, 29 March, was due to be the day the UK left the EU – as if we needed reminding. While that deadline hasn’t been met, we are, of course, still on course to leave the EU at some point. Whether this is with or without a negotiated deal remains to be seen. In preparation, [...]

March 29th, 2019|Compliance|0 Comments

How can technology help firms with regulatory reporting?

That’s something the Financial Conduct Authority (FCA) has been exploring. The regulator has issued an update on its Digital Regulatory Reporting (DRR) project. The project has been investigating how technology could make it easier for firms to meet their regulatory reporting requirements – as well as improving the quality of information they provide. What is [...]

March 29th, 2019|Compliance|0 Comments

What are the findings of the FCA’s debt management sector review?

On 15 March, the Financial Conduct Authority (FCA) released the findings of its thematic review into the debt management sector. The review explored whether firms in the sector are meeting the regulator’s standards, treating their new and existing customers fairly, and delivering appropriate outcomes, particularly for vulnerable customers. It focused particularly on: The quality [...]

March 22nd, 2019|Compliance|0 Comments