Tagged: fca

October 4, 2016 @ 8:49 am By JD Alois  |  

Aire, a UK-based Fintech startup that is seeking to redefine how the market approaches credit scoring, has received regulatory approval from the Financial Conduct Authority (FCA).  Aire said it was the “first” in this sector of Fintech – an area typically dominated by the big… Read More

October 2, 2016 @ 2:12 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) held its inaugural conference at Cambridge University this past week engaging in a wide range of topics covering the world of alternative finance. A distinguished cadre of policy makers, platform operators, and academicians descended upon Downing College to… Read More

September 29, 2016 @ 3:27 am By JD Alois  |  

The Financial Conduct Authority (FCA) and the Cambridge Centre for Alternative Finance (CCAF) have formed a unique partnership to assist in the review of the UK alternative finance industry. The first joint project will inform the FCA’s ongoing post-implementation review of crowdfunding regulation which is in… Read More

September 20, 2016 @ 5:23 am By Erin Hobey  |  

AvantCredit has received full authorization by the Financial Conduct Authority (FCA) which covers all credit and lending operations and includes permissions for credit broking, debt collection and debt administration, according to a release. Since launching in the UK in October 2013, AvantCredit has issued more than 70,000… Read More

September 19, 2016 @ 12:56 pm By JD Alois  |  

The Financial Conduct Authority (FCA) has slapped down CFO Lending, a payday loan firm, for unfair lending practices.  CFO Lending also operated as Payday First, Flexible First, Money Resolve, Paycfo, Payday Advance and Payday Credit. According to the FCA, CFO Lending will provide over £34… Read More

September 12, 2016 @ 8:32 am By JD Alois  |  

The Financial Conduct Authority has closed the comment period regarding its request for feedback regarding post-implementation review of FCA crowdfunding rules. The initiative covers debt, equity and other securities. The forthcoming publication reviewing existing rules will incorporate the perspective of platforms, consumers and competitors to… Read More

August 11, 2016 @ 4:23 pm By Samantha Hurst  |  

Exciting news, Mondo investors! The Crowdcube #FundedClub member announced it has officially become a licensed bank and is now regulated by the Financial Conduct Authority and Prudential Regulation Authority. The Mondo team shared details about its launch, which can be found below. “We started Mondo… Read More

August 10, 2016 @ 1:03 pm By Samantha Hurst  |  

On Wednesday, Peer Funding Limited announced the Financial Conduct Authority (FCA) has granted it full permission to operate its peer-to-peer business platform under Part 4a of the Financial Service Marketing Act. The website stated it joins only a handful of fully authorized peer-to-peer business platforms and has… Read More

August 8, 2016 @ 9:51 am By JD Alois  |  

Eureeca closed its self-crowdfunding round this weekend early – 100% funded. The offer closed after just 12 days of being available online. The securities offer was over 60% funded on day one Based in Dubai, Euereeca has bigger ambitions having received FCA approval in the… Read More

July 29, 2016 @ 8:29 am By JD Alois  |  

Even while Brexit pushes pause on so many policy issues, the implementation of Markets in Financial Instruments Directive “II” (MiFID II) moves forward in the UK. The MiFID is a collective regulatory approach to streamlining the purchase and sales of securities across Europe. MiFID II… Read More

July 26, 2016 @ 2:50 pm By JD Alois  |  

The Financial Conduct Authority (FCA) in many ways is the most innovative regulatory body in the world today. Yes, I know. It can be hard for some people to see the word “Regulation” next to “Innovation” when referencing a government agency. But the proof is… Read More

July 26, 2016 @ 12:22 pm By JD Alois  |  

Last week at the opening of Fintech Week in the UK, Christopher Woolard, Director of Strategy and Competition at the FCA, delivered a speech on Fintech innovation and the benefits of RegTech. He also provided an update on Project Innovate since launch. Woolard, as one… Read More

July 25, 2016 @ 5:44 pm By JD Alois  |  

The Financial Conduct Authority (FCA) has finally “fessed up” and publicly admitted to what everyone already knew. They are backed up and behind in processing authorizations for firms seeking their stamp of approval.  Of course, this includes alternative finance platforms and P2P lenders seeking approval… Read More

July 25, 2016 @ 1:46 pm By JD Alois  |  

Gillian Roche-Saunders, is a partner at the law firm of Bates, Wells & Braithwaite in London.  She is a leading regulatory consultant in the Fintech sector having been engaged in alternative finance for the past five years – before the FCA jumped in to officially… Read More

July 24, 2016 @ 7:54 pm By JD Alois  |  

Just because small events like Brexit crop up does not mean the UK is going to slow down its drive for Fintech relevance and dominance. This week the Financial Conduct Authority (FCA) and the Korean Financial Services Commission (FSC) signed a “regulatory cooperation agreement”. This new… Read More

July 21, 2016 @ 10:32 am By JD Alois  |  

The new Financial Conduct Authority (FCA) Chief Executive Andrew Bailey, delivered a wide-ranging speech outlining his vision for the regulatory agency at the Annual Public Meeting yesterday (July 21).  Bailey replaced outgoing executive Tracey McDermott who announced her decision to not seek reappointment this past… Read More

July 17, 2016 @ 11:57 am By Robert Wardrop & Tania Ziegler  |  

  Across Europe, crowdfunding is quickly moving from a fringe funding instrument to becoming a mainstream – finance channel, connecting “crowds” to fund businesses, projects and individuals. In its recently published Report on Crowdfunding in the EU Capital Markets Union, the European Commission details the… Read More

July 12, 2016 @ 8:12 am By JD Alois  |  

The Financial Conduct Authority (FCA) has published a Competition Report, alongside their annual report this year. Incorporated in HM Treasury’s 2015 Productivity Statement, the FCA was asked to produce a standalone annual competition report to show how well they are delivering on their competition objective…. Read More

July 9, 2016 @ 2:54 pm By JD Alois  |  

In 2014 the Financial Conduct Authority (FCA) enacted new rules for the regulation of crowdfunding platforms operated by firms authorized by the FCA. At that time, the agency committed to carrying out a full post-implementation review of the crowdfunding market and regulatory framework in 2016…. Read More

July 8, 2016 @ 11:52 am By JD Alois  |  

As announced earlier today, the Financial Conduct Authority (FCA) has requested feedback from interested parties regarding the regulatory environment for debt and investment-based crowdfunding. The process is part of an anticipated periodic review of this new form of finance. Original rules were enacted in 2014…. Read More