fscom News and Events

The Crypto Regulatory Frontier: Security Tokens, In or Out?

[fa icon='calendar'] 27-May-2021 12:24:35 / by Jamie Cooke posted in Investment firms, Cryptoassets, Investments

[fa icon="comment"] 0 Comments

‘IPO’, three letters to embody the essence of a $3.76tn UK market, so fundamental that their meaning speaks even to the uninitiated. Initial offerings, however, extend beyond the realms of traditional shares. Yet, for the vast majority, news of an STO – Security Token Offering is likely to fly under the radar.

On the one hand, this comes as no surprise. A report by the Cryptoasset Taskforce confirmed that security tokens compose only a very limited portion of the markets within the UK. Consequently STOs, or Security Token Offerings, are about as common as royalty. On the other hand, despite their nature as cryptoassets, they aren’t so very different to the common shares that marketeers and the public alike have come to know.

Read More [fa icon="long-arrow-right"]

Let’s talk about Strong Customer Authentication: CP21/3

[fa icon='calendar'] 29-Apr-2021 17:49:45 / by Greg James posted in SCA, Payments sector, E-money sector

[fa icon="comment"] 0 Comments

In this fourth blog in our series on the FCA’s CP21/3 consultation, Greg James looks at the proposed changes to strong customer authentication (SCA); one of the most contentious regulatory developments introduced by the second Payment Services Directive (PSD2).

The FCA has made a clear effort to alleviate some of the strain on the customer journey, however with new guidance inevitably comes new questions. We have broken down the changes into those that will generate the most conversation and those that are simply explicit confirmations in existing guidance.

Read More [fa icon="long-arrow-right"]

EEA payment and e-money institutions after Brexit: CP21/3

[fa icon='calendar'] 28-Apr-2021 15:42:22 / by Dipesh Patel posted in fincrime, authorisation, TPR, Payments sector, E-money sector, safeguarding

[fa icon="comment"] 0 Comments

For the EEA payment service providers now in the FCA’s reach because of Brexit, the past few months have been a sharp learning curve as to expectations. CP21/3 provides a steer through the proposed changes to the Payment Services and Electronic Money Approach Document.

Read More [fa icon="long-arrow-right"]

Open Banking after Brexit: CP21/3

[fa icon='calendar'] 30-Mar-2021 12:35:51 / by Colin Sloan posted in FCA, Payments sector, E-money sector, open banking

[fa icon="comment"] 0 Comments

The FCA has proposed new guidance on Open Banking, charting its first course of regulatory divergence in the area after Brexit.[1] As detailed below, among other things, the FCA is proposing to make dedicated interfaces mandatory for many payment account providers (ASPSPs).[2]

 

Read More [fa icon="long-arrow-right"]

FCA consultation on changes for payment and e-money institutions: CP21/3

[fa icon='calendar'] 26-Mar-2021 13:08:35 / by Alison Donnelly posted in FCA, Payments sector, E-money sector, safeguarding

[fa icon="comment"] 0 Comments

For the payments compliance and regulation sector, 2021 has continued at the same frantic pace as 2020, with multiple consultations issued in the first quarter by HM Treasury, the PSR and the FCA.

 

In this series of blogs, fscom subject matter experts will analyse the changes proposed in the FCA’s CP21/3, issued at the end of January.

Read More [fa icon="long-arrow-right"]

The Kalifa Review – What It Means for UK Fintech and The Fight Against Financial Crime.

[fa icon='calendar'] 05-Mar-2021 12:30:00 / by fscom Team posted in FINTECH, fincrime

[fa icon="comment"] 0 Comments

The Kalifa review, commissioned by the HMT sets out a strategic plan for the UK to remain a world class centre in fintech. Earlier this week, Director of Financial Crime, Philip Creed and the rest of the Emerging Payments Association’s Project Financial Crime team gave their opinion on the Kalifa report in the first podcast of the EPA’s Insights Series.

Read More [fa icon="long-arrow-right"]

Vulnerable Customers: FCA publishes new guidance on firms’ responsibilities

[fa icon='calendar'] 25-Feb-2021 16:53:59 / by Dipesh Patel posted in E-money, FCA, payments, Vulnerable Customers

[fa icon="comment"] 0 Comments

In this blog, Dipesh Patel discusses the FCA's finalised guidance on firm's responsibilities to ensure they are treating vulnerable customers fairly.

Read More [fa icon="long-arrow-right"]

Q&A of a Q&A: A breakdown of the EBA's recent SCA opinions

[fa icon='calendar'] 24-Feb-2021 17:11:43 / by Greg James posted in E-money, SCA, payments, Open Banking and SCA

[fa icon="comment"] 0 Comments

In this blog, Greg James simplifies the questions and answers provided by the EBA in their seven new Q&As on strong customer authentication and helps you to understand the impact, starting with those he believes are most consequential.

Read More [fa icon="long-arrow-right"]

fscom Appoints New Senior Manager to Payments Team

[fa icon='calendar'] 25-Jan-2021 12:46:35 / by fscom Team posted in fscom News

[fa icon="comment"] 0 Comments

fscom, one of the leading compliance firms for the regulated sector in the UK and Ireland is continuing to expand its Payments Team with the appointment of a new senior manager, Dipesh Patel.

Read More [fa icon="long-arrow-right"]

6AMLD – What are the key changes to the Sixth Anti Money Laundering Directive?

[fa icon='calendar'] 22-Jan-2021 09:48:26 / by Fred McDowell posted in cryptocurrency, fincrime, Cryptoassets, 6MLD

[fa icon="comment"] 0 Comments

In this blog, Fred McDowell, Senior Manager within the fincrime team in fscom, outlines the key changes in the 6th Anti Money Laundering Directive (6AMLD) and what it means for regulated firms in both the UK and the EU.

 

Read More [fa icon="long-arrow-right"]

Subscribe to Email Updates

Recent Posts