fscom News and Events

Will Brexit damage the UK FinTech ecosystem?

[fa icon='calendar'] 01-May-2017 20:00:00 / by Jamie Cooke posted in FINTECH, BREXIT

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Many surveys, and there have been a lot recently, try to indicate which city or country is a leading FinTech hub. Time and again New York, London and San Francisco come out on or close to the top. But what impact will will the Brexit decision have on the UK's standing? Will we see it plummet down these league tables? Read on to see my view! 

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FX forwards: in or out of scope under MiFID II?

[fa icon='calendar'] 13-Apr-2017 18:03:15 / by Alison Donnelly posted in FCA, Compliance, FINTECH

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For years, the UK charted a lonely but pragmatic course with its interpretation that deliverable FX forwards are not investment instruments. UK payment and e-money institutions can offer such products without requiring authorisation under the Financial Services and Markets Act 2000 (FSMA) while counterparts elsewhere in the EEA had to be regulated. The implementation of MiFID II in January 2018 will, among other things, confirm the UK’s position but the new definition is a little tighter than what we are used to in the UK and payment and e-money institutions must consider whether they want to remain unregulated.

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The Top 4 Regulatory Challenges for FinTechs in 2017

[fa icon='calendar'] 13-Apr-2017 08:22:27 / by Philip Creed posted in PSD2, 4MLD, GDPR, FINTECH, BREXIT

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