fscom News and Events

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

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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.

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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

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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]

 

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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

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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.

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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

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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.

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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

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

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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

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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.

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fscom Appoints New Senior Manager to Payments Team

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

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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.

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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

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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.

 

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Brexit Deal: What does it mean for UK financial services? Your Key Questions Answered!

[fa icon='calendar'] 20-Jan-2021 12:29:12 / by Jamie Cooke posted in BREXIT

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In this blog, Managing Director Jamie Cooke, who leads up the investments team in fscom shares his thoughts on the Brexit deal, the current situation facing financial institutions in the UK and what the agreement could mean for the future of the UK’s access to EU financial markets.

 

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BRIEFING: The UK Investment Firm Prudential Regime (IFPR)

[fa icon='calendar'] 15-Jan-2021 10:03:46 / by Jamie Cooke posted in FCA, Investment firms, MIFID II, Investments, IFPR

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In mid-December, the FCA issued a consultation paper (CP20/24) in which it set out the basis for the rules it intends to apply to the prudential requirements for UK investment firms authorised under MiFID II.

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