Tel: +44 (0) 7841 513 323 | +44 (0) 1732 875 808 | Email: info@LSCPROM.co.uk

News

Andrew Bailey calls on tech giants to collaborate with the FCA to help protect consumers

In his final podcast interview as Chief Executive, Andrew Bailey looks back at the last year and his time at the Financial Conduct Authority (FCA), and underlines the important work ahead as the UK leaves the European Union. In an exclusive Inside FCA Podcast interview where he looks back at challenges and achievements of the past year, Andrew [...]

January 23rd, 2020|Comments Off on Andrew Bailey calls on tech giants to collaborate with the FCA to help protect consumers

Firms now need to update or confirm their Firm Details annually

From 31 January 2020, firms that come under Sup 16.10 reporting requirements have to check, amend or confirm the accuracy of their Firm Details annually, using the Financial Conduct Authority’s (FCA) Connect portal. They will need to do this within 60 business days of their Accounting Reference Date (ARD). Even if your Firm Details have not changed from [...]

January 23rd, 2020|Comments Off on Firms now need to update or confirm their Firm Details annually

Guidelines on fraud reporting under PSD2 – Update

The European Banking Authority (EBA) has published an amendment to its 2018 guidelines on fraud reporting under the revised Payment Services Directive (PSD2). The changes reflect some consequential amendments to the reporting templates under the guidelines as a result of clarifications provided more recently by the European Commission on the application of strong customer authentication [...]

January 23rd, 2020|Comments Off on Guidelines on fraud reporting under PSD2 – Update

New overdraft rules

New overdraft rules mean 7 out of 10 people will be better off or see no change. Across the market, 7 out of 10 overdraft users will be better off or see no change, when new rules on overdrafts, introduced by the Financial Conduct Authority (FCA), come into force in April. Around 14 million people [...]

January 22nd, 2020|Comments Off on New overdraft rules

EBA consults on the future of the EU-wide stress test framework

The European Banking Authority (EBA) has launched a public consultation on possible future changes to the EU-wide stress test. This discussion paper aims to present the EBA’s vision of the future of the EU-wide stress test and to collect comments and feedback from the different users. “The framework we are proposing today aims at making [...]

January 22nd, 2020|Comments Off on EBA consults on the future of the EU-wide stress test framework

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 [...]

January 22nd, 2020|Comments Off on ASA Rulings published