The FCA held discussions with regulated firms across different industries since they published the final Consumer Duty rules in July 2022. The watchdog identified a
The FCA updated their Consumer Duty page to include additional content on some of the key topics they have been receiving queries on. These include
The number of fines issued by the Financial Conduct Authority more than doubled last year, with 26 fines issued in 2022 compared with just 10
With the FCA becoming more proactive, it is essential that e-money and payments firms also take a more proactive approach to their regulatory compliance, to
The FCA intervened to amend or withdraw 4,151 financial promotions between July and September, the highest since it started publishing the data. According to the
Neopay has supported another e-money client to achieve authorisation from the FCA. Although the process is taking longer, particularly for e-money and payments firms, authorisations
Consumer Duty – latest upates On 16 November 2022, Nikhil Rathi, the FCA’s Chief Executive, gave a speech at the UK Finance Annual Dinner on
An Interview with Nigel Reed, COO Neopay Ltd With the change in the FCA approach, many firms are nervous about applying for new authorisations due
The FCA’s reputation has taken a serious hit in the last few years with scandals, backlogs, low employee morale and even strike action. This, coupled
The Financial Conduct Authority has released an update on the Skilled Person Reviews under Section 166 of the Financial Services and Market Act 2000 conducted