financial services - Complyport UK Consultancy Service

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 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 […] [...]

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 […] [...]

Consumer Duty Board Reports: Examples of Good and Poor Practices

The Financial Conduct Authority (‘FCA’) has recently published a comprehensive assessment of Consumer Duty Board Reports, identifying both strong practices and areas requiring improvement, aiming for firms to improve their […] [...]

Research Payment Optionality Expansion – Fund Managers

Introduction With the introduction of payment optionality in July 2024 for MiFID investment firms through PS24/9, the FCA is now consulting to expand this optionality further to asset managers who […] [...]

Operational Resilience Lessons Learned: The CrowdStrike Outage

Introduction The FCA continues to emphasise the necessity for a firm’s operational resilience framework and their ability to deliver important business services in severe circumstances. Following the CrowdStrike outage, the […] [...]

Cyber Resilience and the FCA’s Expectations for Financial Institutions

Importance of cyber security Cybersecurity is a critical component of operational resilience for firms in the financial sector. As financial institutions increasingly rely on digital infrastructure to manage transactions, store […] [...]

FCA FG24/5: Prudential Assessment of Acquisitions and Increases in Control

Recently the FCA and PRA presented their findings PS18/24 after a period of consultation, within CP 25/23, regarding prudential assessment of acquisitions and increases in control. The FCA has also […] [...]

Good Practice and Areas to Improve – Consumer Duty Price and Value

Introduction On 18th September 2024, the Financial Conduct Authority (“FCA”) set out an update to its initial observations of the Price and Value framework introduced by the Consumer Duty (the […] [...]

FCA Regulated Firms Ongoing Obligations

Obtaining authorisation from the Financial Conduct Authority (“FCA”) is a significant milestone for any financial services firm operating in the UK. However, authorisation is not the end of the regulatory […] [...]

KYC Outsourcing – Cut the Cost of Compliance!

UK firms are spending the equivalent of £21k per hour on fighting financial crime (Lexis Nexis Compliance Report 2023). Despite this burgeoning cost which continues to rise, research indicates that […] [...]

Debt Management Firms Authorisation

Debt management firms play a vital role in helping individuals manage their debts effectively, particularly when facing financial difficulties. Operating under the Financial Conduct Authority (“FCA”) regulations in the UK, […] [...]

New APP Fraud Reimbursement Regulations

What is Authorised Push Payment Fraud Authorised Push Payment (APP) Fraud occurs when someone is tricked into authorising a payment to a fraudster posing as a legitimate recipient. APP Fraud […] [...]

Dear CEO: FCA’s Expectations for Financial Advisers and Investment Intermediaries

On 7 October 2024, the Financial Conduct Authority (FCA) wrote a Dear CEO letter to financial advisers and investment intermediaries. The Letter provides an outline of the FCA’s priorities and […] [...]

AI in Financial Services

AI and its impact in financial services Artificial Intelligence (AI) has the potential to bring huge benefits, or, in some cases, significant risks. In the financial services sector, the possibilities […] [...]

Tag: financial services

Companies House Turns the Table on Financial Criminals

Dear CEO Letter for CFD providers

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

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

Consumer Duty Board Reports: Examples of Good and Poor Practices

Research Payment Optionality Expansion – Fund Managers

Operational Resilience Lessons Learned: The CrowdStrike Outage

Cyber Resilience and the FCA’s Expectations for Financial Institutions

FCA FG24/5: Prudential Assessment of Acquisitions and Increases in Control

Good Practice and Areas to Improve – Consumer Duty Price and Value

FCA Regulated Firms Ongoing Obligations

KYC Outsourcing – Cut the Cost of Compliance!

Debt Management Firms Authorisation

New APP Fraud Reimbursement Regulations

Dear CEO: FCA’s Expectations for Financial Advisers and Investment Intermediaries

AI in Financial Services

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Women in Compliance: Navigating Challenges & Embracing Opportunities

Webinar: The FCA’s Greenwashing Regulations are Now in Effect – What Does this Mean?

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