Latest News - Complyport UK Consultancy Service

FCA CP24/20: Safeguarding Reforms for Payments and E-Money Firms

The FCA has published a Consultation Paper (“CP24/20”) on proposed significant changes to the safeguarding regime for payments and e-money firms. With these changes, the FCA aims to strengthen its […] [...]

FCA Quarterly Consultation No. 45 (CP24/18) – Chapter 3: Facilitating LTAF investment

On 6th September 2024, the FCA published its Quarterly Consultation Paper No. 45 (CP24/18) on proposed miscellaneous amendments to the FCA Handbook. These are relatively minor changes, however, the Regulator […] [...]

UK Ranked Second in Global Money Laundering Offences

Silver medal for UK in Money Laundering Offences The United Kingdom has been ranked second globally for money laundering offences, according to the latest report by Smart Search. The report […] [...]

Good Practice and Areas to Improve – Appointed Representative Principals

Introduction On 8th December 2022 the Financial Conduct Authority (“FCA”) set out new rules and enhanced expectations for Principal firms in PS22/11. For more information on the changes made by […] [...]

ViCA AI Tool Gains Momentum Among Governance, Risk, Compliance and Legal Professionals

Empowering Compliance Professionals with AI ViCA is rapidly becoming an indispensable resource for compliance professionals seeking to lower costs and reduce the time needed for complex compliance queries. By leveraging […] [...]

ComplyCrypto Depository Limited Granted FCA Registration for Cryptoasset Exchange Services

ComplyCrypto Depository Limited is pleased to announce that the Financial Conduct Authority (FCA) approved its registration as a cryptoasset exchange provider under the Money Laundering, Terrorist Financing and Transfer of […] [...]

Digital Operational Resilience Act: 4 Months Away

What is DORA? The Digital Operational Resilience Act (DORA) is a significant EU regulation designed to bolster the digital resilience of the financial sector. Effective from January 16th 2023, DORA […] [...]

Treatment of PEPs – an FCA Guidance Consultation

Proposed Amendments The FCA’s latest Guidance Consultation paper GC24/4 outlines proposed changes to its guidance (FG17/6) regarding the treatment of politically exposed persons (PEPs) under the Money Laundering, Terrorist Financing […] [...]

Sustainability Disclosure Requirements – An Update

Introduction The Sustainability Disclosure Requirements (“SDR”) rules were published in November 2023 and were set out in the FCA’s policy statement PS23/16. These rules look to create transparency in the […] [...]

Crypto-asset Promotions: Navigating the New Regulatory Landscape

In June 2023, the Financial Conduct Authority (“FCA”) issued Policy Statement 23/6 (the “Policy Statement”), outlining the financial promotion rules for cryptoassets. The new regime took effect on October 2023, […] [...]

FCA Says that Principal Firms are Still Not Meeting Expectations

Two years have passed since the FCA introduced its new rules aimed at improving standards in the Appointed Representative (“AR”) sector (https://www.fca.org.uk/publication/policy/ps22-11.pdf) – prompted by the FCA’s view that the […] [...]

Consumer Duty in Product Governance: Fair Value and Good Outcomes for Consumers

The FCA’s Product Oversight and Governance Thematic Review The FCA’s Thematic Review (TR24/2) assesses whether firms in the General Insurance (GI) and Pure Protection (PP) sectors are meeting their obligations […] [...]

Policy Statement 24/9 – Payment Optionality for Investment Research

Background On 1st August 2024, the FCA introduced new rules for firms wishing to purchase investment research. Previously, the costs of investment research were bundled together with the costs of […] [...]

Consumer Duty: FCA Call for Input

The Financial Conduct Authority (“FCA”) in July 2024 published a Call for Input to assess the impact of the Consumer Duty rules on businesses and consumers and to understand how […] [...]

AML Audit: How to Prepare and Complyport’s Top Tips

Anti-Money Laundering (AML) Internal Audits ensure that your firm is complying with regulations and has effective procedures in place to prevent money laundering (ML) and terrorist financing (TF). Whilst preparing […] [...]

Expanding Confirmation of Payee – Key Provisions and Deadlines for Group 2 Firms

The Payment Systems Regulator (PSR) has issued Specific Direction 17 to extend the use of Confirmation of Payee (CoP) to a broader range of payment service providers (PSPs). This direction […] [...]

Extending Temporary Changes to Motor Finance Complaint Handling Rules

The Financial Conduct Authority (“FCA”) in its recent Consultation Paper CP24/15 (“CP”), aimed to address the ongoing concerns and complexities surrounding motor finance complaints, particularly those involving Discretionary Commission Arrangements […] [...]

Funeral Plans – Navigating the Regulatory Landscape

Funeral Plan Providers and Intermediaries came under regulatory oversight by the Financial Conduct Authority (“FCA”) on 29 July 2022. The goal of the FCA in regulating this sector was to […] [...]

Big Tech and Digital Wallets under the radar: FCA Consultation Paper

Introduction The Payment Systems Regulator (PSR) and the Financial Conduct Authority (FCA) have published a joint Consultation Paper (“CP24/9”) exploring the current landscape, competitive dynamics, opportunities, risks and regulatory considerations […] [...]

Decrypting AML Risk Assessments and the FATF’s High-Risk Jurisdictions

What are AML Risk Assessments and Why are They Important? Anti-Money Laundering (AML) Risk Assessments are systematic evaluations conducted by financial institutions to identify, assess and mitigate the risks of […] [...]

Category: Latest News

FCA CP24/20: Safeguarding Reforms for Payments and E-Money Firms

FCA Quarterly Consultation No. 45 (CP24/18) – Chapter 3: Facilitating LTAF investment

UK Ranked Second in Global Money Laundering Offences

Good Practice and Areas to Improve – Appointed Representative Principals

ViCA AI Tool Gains Momentum Among Governance, Risk, Compliance and Legal Professionals

ComplyCrypto Depository Limited Granted FCA Registration for Cryptoasset Exchange Services

Digital Operational Resilience Act: 4 Months Away

Treatment of PEPs – an FCA Guidance Consultation

Sustainability Disclosure Requirements – An Update

Crypto-asset Promotions: Navigating the New Regulatory Landscape

FCA Says that Principal Firms are Still Not Meeting Expectations

Consumer Duty in Product Governance: Fair Value and Good Outcomes for Consumers

Policy Statement 24/9 – Payment Optionality for Investment Research

Consumer Duty: FCA Call for Input

AML Audit: How to Prepare and Complyport’s Top Tips

Expanding Confirmation of Payee – Key Provisions and Deadlines for Group 2 Firms

Extending Temporary Changes to Motor Finance Complaint Handling Rules

Funeral Plans – Navigating the Regulatory Landscape

Big Tech and Digital Wallets under the radar: FCA Consultation Paper

Decrypting AML Risk Assessments and the FATF’s High-Risk Jurisdictions

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Online Training Course: Your MLRO Training Day

In-Person Training Course: Your MLRO Training Day

Webinar: Is Your AML Compliance Robust Enough?

Webinar: Consumer Duty – The Aftermath

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