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News

EBA publishes Opinion on the deadline and process for completing the migration to SCA for e-commerce card-based payment transactions

The European Banking Authority (EBA) has published an Opinion on the deadline for the migration to strong customer authentication (SCA) under the revised Payment Services Directive (PSD2) for e-commerce card-based payment transactions. The Opinion sets the deadline to 31 December 2020 and prescribes the expected actions to be taken during the migration period. Today's Opinion [...]

October 16th, 2019|Comments Off on EBA publishes Opinion on the deadline and process for completing the migration to SCA for e-commerce card-based payment transactions

Stuart Hudson to fill new CMA Senior Director role

Stuart Hudson has been appointed to the newly-created role of Senior Director for Strategy, Communications, Nations and Regions at the Competition and Markets Authority (CMA). He will join the CMA on 25 November from Brunswick Group LLP, where he was a Partner advising clients on mergers and acquisitions, regulation and public policy matters. Stuart brings [...]

October 16th, 2019|Comments Off on Stuart Hudson to fill new CMA Senior Director role

ASIC to provide relief from financial adviser compliance scheme obligations

The Australian Securities & Investments Commission (ASIC) has announced that it will make a legislative instrument to provide relief to Australian financial services (AFS) licensees from financial adviser compliance scheme obligations, following a Government announcement last week. On Friday, the Hon. Josh Frydenberg MP, Treasurer, and the Assistant Minister for Superannuation, Financial Services and Financial [...]

October 16th, 2019|Comments Off on ASIC to provide relief from financial adviser compliance scheme obligations

FCA announces future work on climate change and green finance

The Financial Conduct Authority (FCA) has published a feedback statement setting out its proposals to improve climate change disclosures by issuers and information to consumers on green financial products and services. The Statement identifies a number of priorities, which will provide a foundation for the FCA’s future work on climate change and green finance. These [...]

October 16th, 2019|Comments Off on FCA announces future work on climate change and green finance

ASA Rulings published

The Advertising Standards Authority (ASA) rulings are published every Wednesday and set out on the public record how, following investigation, the advertising rules apply and where the ASA draw the line in judging whether an ad has broken the rules. This week’s rulings have been published, and the following advertisers have been formally investigated. Rulings [...]

October 16th, 2019|Comments Off on ASA Rulings published

Connaught independent review invites individuals to get in touch

Independent Reviewer Raj Parker has announced that the independent investigation (the Review) into the Financial Services Authority (FSA) / Financial Conduct Authority (FCA) regulatory approach to, implementation and oversight of the Connaught Income Fund Series 1 (the Fund) invited affected individuals to get in touch. A consultation process is underway which will give individuals the [...]

October 15th, 2019|Comments Off on Connaught independent review invites individuals to get in touch