financial services - Complyport UK Consultancy Service

Strengthening Financial Services Through Technology and Oversight

The Financial Conduct Authority (FCA) has released its Annual Report for 2024, marking the final year of its 2022-2025 strategic cycle. The report highlights significant achievements in using data and […] [...]

Fresh Set of FCA Fines, their Implications and Impact

In 2024, the FCA issued fines totalling £176,045,385 as part of its disciplinary actions and enforcement penalties. These fines were issued for various breaches, including Market Abuse Regulations, listing rules, […] [...]

Evolution of KYC Managed Services

Evolution of KYC Managed Services KYC (Know Your Customer) managed services refer to comprehensive solutions provided by third-party firms that take on the responsibility of managing various aspects of the […] [...]

The Interim Capital Regime – Further Clarification by the Prudential Regulation Authority

Background PS19/24 – Strong and Simple Framework: The definition of an Interim Capital Regime (“ICR”) firm was issued by the Prudential Regulation Authority (“PRA”) at the end of 2024 and […] [...]

Unlocking Sustainable Finance: FCA’s Latest Consultation Paper CP24-26

The Financial Conduct Authority (FCA) has recently released its Quarterly Consultation Paper No. 46 (CP24-26). The consultation opened on 6th December 2024, focusing on several key changes aimed at enhancing […] [...]

Operational Incident and Third-Party Reporting

Overview The Financial Conduct Authority’s (FCA) Consultation Paper, CP24/28, outlines proposed changes to the regulatory framework governing how firms report operational incidents and manage third-party arrangements. Introducing this Consultation Paper […] [...]

Operational Resilience: Preparing for the 31 March 2025 Deadline

Introduction Financial services firms required to comply to the Operational Resilience requirements must do so by 31 March 2025. These requirements stem from the Financial Conduct Authority’s (FCA) Policy Statement […] [...]

Navigating the Future of Financial Regulation: Insights from CP24/24: The MiFID Organisational Regulation

The Financial Conduct Authority (FCA) has recently released a pivotal Consultation Paper, CP24/24: The MiFID Organisational Regulation. This Paper outlines the FCA’s proposal to incorporate the firm-facing requirements of the […] [...]

FCA Outlines 2025 Priorities for Payments Firms

The Financial Conduct Authority (FCA) has issued a Dear CEO letter to Chief Executive Officers of payments portfolio firms, setting out its supervisory priorities for 2025. The Letter highlights three […] [...]

A Case of Market Abuse and How We Can Help Your Business Stay Compliant

The FCA has issued a Final Notice to the former Chief Supply Chain Officer at Wizz Air Holdings plc for breaches of the Market Abuse Regulations (MAR). This Notice, dated […] [...]

Transaction Monitoring and Money Laundering Risks: Metro Bank PLC case study

Monitoring the risk of criminal misuse of the UK’s financial system remains a supervisory priority for the FCA, with an evident risk of financial and other penalties for non-compliant firms. […] [...]

CP24/25: FCA Fees and Levies for 2025/26

The FCA recently released its Consultation Paper CP24/25, detailing proposed changes to regulatory fees and levies for the 2025/26 financial year. This Consultation is part of the FCA’s annual review […] [...]

FCA Expectations for Self-Invested Personal Pension (SIPP) Operators

The FCA has recently issued a portfolio letter to Self-Invested Personal Pension (SIPP) operators, detailing its expectations and priorities for 2024. This follows a Dear CEO letter sent to these […] [...]

Companies House Turns the Table on Financial Criminals

New Identity Verification Requirements for UK Companies In the realm of rising financial crime, both AML specialists and financial criminals have long identified Companies House as a target for fraud. […] [...]

Dear CEO Letter for CFD providers

Introduction: The FCA’s Approach to Contracts for Difference (CFDs) The latest “Dear CEO” letter outlines the FCA’s strategic focus for the next two years in the CFD portfolio sphere. It […] [...]

FCA Short Selling Regulation and its Importance in Financial Markets

Short-selling regulation (“SSR”) is a key aspect of financial market oversight aimed at promoting fair trading practices and ensuring market stability. Short selling has been regulated in the United Kingdom […] [...]

How to Pass the FCA’s Fit and Proper Test for Key Personnel and Proposed SMFs

The Financial Conduct Authority (“FCA”) sets high standards for individuals in Senior Management Functions (“SMFs”) and Certification function individuals within regulated firms. The Fit and Proper (“F&P”) Test as outlined […] [...]

Mansion House Speech 2024 – What’s Next for Regulation?

Introduction On 14th November 2024, the Chancellor Rachel Reeves, delivered her Mansion House package setting out the government’s plans for the UK economy moving forward. The agenda looks to create […] [...]

Financial Promotions: HNWI and Sophisticated Investors certificates update

The UK Financial Promotions regime has been through a plethora of updates in the recent years. In February 2024, a £31,800 fine was imposed on a former director of London […] [...]

FCA’s New Transparency Framework for Bond and Derivatives Markets

The FCA has introduced an updated transparency framework in the UK aimed at refining the bond and derivatives markets to foster enhanced market integrity, investor protection and competition. This initiative […] [...]

Tag: financial services

Strengthening Financial Services Through Technology and Oversight

Fresh Set of FCA Fines, their Implications and Impact

Evolution of KYC Managed Services

The Interim Capital Regime – Further Clarification by the Prudential Regulation Authority

Unlocking Sustainable Finance: FCA’s Latest Consultation Paper CP24-26

Operational Incident and Third-Party Reporting

Operational Resilience: Preparing for the 31 March 2025 Deadline

Navigating the Future of Financial Regulation: Insights from CP24/24: The MiFID Organisational Regulation

FCA Outlines 2025 Priorities for Payments Firms

A Case of Market Abuse and How We Can Help Your Business Stay Compliant

Transaction Monitoring and Money Laundering Risks: Metro Bank PLC case study

CP24/25: FCA Fees and Levies for 2025/26

FCA Expectations for Self-Invested Personal Pension (SIPP) Operators

Companies House Turns the Table on Financial Criminals

Dear CEO Letter for CFD providers

FCA Short Selling Regulation and its Importance in Financial Markets

How to Pass the FCA’s Fit and Proper Test for Key Personnel and Proposed SMFs

Mansion House Speech 2024 – What’s Next for Regulation?

Financial Promotions: HNWI and Sophisticated Investors certificates update

FCA’s New Transparency Framework for Bond and Derivatives Markets

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