The Financial Conduct Authority (FCA) published its Credit Information Market Study final report on 3 December 2023, following its interim report and discussion paper in November 2022. The report sets out a package of remedies, including both regulator-led and industry-led measures. The FCA has concluded that the current industry governing...

The long-delayed transition of the Financial Reporting Council (FRC) into the new body the Audit, Reporting and Governance Authority (ARGA) was initially intended to have been fully implemented during the course of this year, but is now expected in the course of 2024. The implementation of ARGA is intended to...

Sanctions compliance continues to challenge businesses operating in the UK and particularly those in the payments and fintech sectors. Those challenges are likely to be amplified by the Office of Financial Sanctions Implementation (OFSI), which recently exercised new enforcement powers and the publication of guidance by the Financial Conduct Authority...

The UK Financial Conduct Authority (FCA) has recently published proposals to increase diversity and inclusion (D&I) in the financial services sector. The consultation period will remain open until 18 December 2023, and interested parties can attend a webinar on 30 October 2023. Publication of the final rules is planned for...

At the end of June 2023, the Law Commission published its long-awaited report on digital assets. At some 300 pages, it's not light reading but its conclusions set out a strong vote of confidence for the flexibility and creativity of the English legal system and its ability to address most...

Authorised push payment (APP) fraud remains a significant issue across the financial services industry. APP fraud occurs when an individual is conned into making a bank transfer to a fraudster. This type of scam can be difficult to tackle as the transfer looks legitimate from the perspective of the individual's...

The UK Financial Conduct Authority (FCA) has resumed its public policy notifications, including some notices that are relevant for fund managers, following a pause during the sensitive political climate in the lead up to the UK general election, There have also been a number of updates related to sustainability from...

The Financial Conduct Authority (FCA) and the Bank of England (BoE), together with the Prudential Regulation Authority (PRA), a month before the UK general election was called, delivered an outline of how they would take a principles-based approach to AI for the UK financial sector. The regulators' strategic approach was...

Amid concern that the financial services sector may be facing a new surge in complaints because of the Financial Conduct Authority's (FCA) investigation into discretionary commission arrangements in the motor finance industry, the Solicitors Regulation Authority (SRA) has issued a timely warning to law firms working on financial compensation claims...

The UK government has published new guidance on the National Security and Investment Act (NSIA) focused on early-stage ventures, spin-outs and international investors, but has postponed a wider consultation on the regime. The government had previously planned on launching a wider-ranging consultation on the NSIA regime this summer; however, it...