Rising living costs are placing unprecedented pressure on UK households. From soaring grocery bills to climbing energy prices, consumers are feeling the squeeze—and for many, this means struggling to keep up with existing credit commitments. 

A significant overhaul of the safeguarding requirements for Authorised Payment Institutions (APIs) and Electronic Money Institutions (EMIs) is on the horizon.

The FCA is taking charge of non-financial misconduct by extending bullying & harassment prohibition to non-banking firms. This extension should be helpful for the industry, removing previous uncertainty about how to deal with employee disciplinaries and grievances from a regulatory perspective.

To support firms's ability to hire talent, aspects of SM&CR are set to be removed and refined. It will be a welcome development by the industry, while the FCA aims to still preserve the core benefits of the regime.

New rules to regulate buy-now-pay-later products announced by the Treasury

The FCA has announced a range of initiatives to help firms seeking authorisation or wanting to launch innovative products and services.

The proposals for asset managers are a meaningful change to AIFMD but they may not be positive for all AIFMs. We recommend assessing the impact on your firm and responding to the Call For Input if you see unintended consequences.

The FCA's new guidance states that ‘polluters’ need to meet, not avoid, the redress liabilities owed to consumers when things go wrong.

The FCA has recently published a consultation paper (CP24/20) regarding proposed changes to the safeguarding rules for payments firms and e-money firms.

As the 31st July deadline looms for closed products implementation and for board sign off on the annual board report, the FCA is publishing

Did you know that any firm wanting to approve financial promotions for third parties, such as investee companies, must apply to secure a...

Gateway for firms who approve financial promotions for unauthorised persons will soon come in to force

The FCA recently published a consultation on how its financial promotion requirements apply on social media. The purpose of this...

The FCA has delayed the SDR Policy Statement, buying firms another valuable few months until the anti-greenwashing rule goes live.

There's just one month to go until the implementation of the Consumer Duty on 31st July 2023. Firms are reminded to be ready.

The UK government has recently published further details on the new ‘failure to prevent fraud’ offence in which organisations will now be...

The FCA have issued a Dear CEO letter to firms in the alternative investment sector outlining their view of the main risks of harm that...

The FCA issued the final rules on the new Consumer Duty on 27 July 2022 in PS22/9: A New Consumer Duty. In a press release issued by the...

The FCA has released its policy statement on High-Risk Investments (PS22/10) which the FCA has framed in its press release as a 'clamp down

The FCA has recently announced that the unique six-digit Firm Reference Numbers (FRNs) to identify firms and Product Reference Numbers...