Tagged: financial conduct authority

September 17, 2026 @ 7:33 am By Omar Faridi  |  

UK’s financial regulator has given digital-asset businesses a clearer map of what will count as a regulated activity under the country’s incoming crypto framework. The Financial Conduct Authority (FCA) has published perimeter guidance explaining which firms will need full authorisation once the new regime takes… Read More

August 14, 2026 @ 12:55 pm By JD Alois  |  

HTX, formerly Huobi, was a prominent crypto exchange that Justin Sun took control of in 2022. In 2023, a series of events caused Huobi to rebrand as HTX. More recently, HTX has faced sanctions allegations over activity in Russia. In May, the Financial Conduct Authority (FCA… Read More

July 15, 2026 @ 6:21 am By Omar Faridi  |  

The United Kingdom has implemented significant new oversight for Buy Now Pay Later (BNPL) services, marking a major shift in how these popular payment options are managed. As of July 15, 2026, providers of deferred payment credit—commonly referred to as BNPL—must adhere to stricter standards… Read More

May 12, 2026 @ 1:34 am By Omar Faridi  |  

KPMG indicated that new rules designed to protect customer funds held by payment and electronic money firms took effect on 7 May 2026, marking a significant upgrade to the UK’s financial safeguards. The Financial Conduct Authority (FCA) introduced the measures to ensure that client money… Read More

April 17, 2026 @ 5:21 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has joined forces with research and technology partners at the Turing Institute and Plenitude Consulting to create a synthetic dataset designed to enhance the fight against money laundering. This initiative tackles a long-standing obstacle in financial crime prevention: the… Read More

January 20, 2026 @ 12:07 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has initiated a collaborative effort to advance the integration of stablecoins into the payments landscape. This “Stablecoin Sprint,” scheduled for March 4-5, 2026, in London, aims to convene a group of participants—including fintechs, traditional banks, payment providers, technology firms,… Read More

October 24, 2025 @ 9:05 am By JD Alois  |  

The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have joined to open up a “Scale Up Unit” with a mission to support regulated firms grow. The Chancellor of the Exchequer, Rachel Reeves, shared the news during a Forum in Leeds. The Forum focused… Read More

July 14, 2025 @ 12:12 am By Omar Faridi  |  

The Financial Conduct Authority (FCA)’s annual report sets out how it has used data and technology to crack down on harm in financial services. As part of the report, the FCA shares that over 1,600 websites suspected of promoting financial services without permission were suspended, removed,… Read More

June 14, 2025 @ 4:15 pm By Omar Faridi  |  

The Financial Conduct Authority (FCA) has recently outlined a transformative agenda to bolster economic growth and enhance the UK’s standing as a leading financial center. Through a combination of regulatory reforms, innovative initiatives, and a rebalanced approach to risk, the FCA is working to create… Read More

June 9, 2025 @ 3:00 am By JD Alois  |  

Artificial intelligence (AI) is all the rage today, with expectations that all sectors of industry will be transformed as software takes over both mundane and complex tasks. While there remains an element of concern as to how AI could develop, perhaps becoming “self-aware,” the reality… Read More

May 8, 2025 @ 8:25 am By JD Alois  |  

The Financial Conduct Authority (FCA) has announced a new executive to operate the Payments System Regulator (PSR), an entity that has been consolidated within the FCA. David Geale will become the Executive Director for Payments and Digital Finance Executive Director and the Payment Systems Regulator… Read More

March 13, 2025 @ 4:56 pm By Omar Faridi  |  

In a significant policy reversal, the UK’s Financial Conduct Authority (FCA) has scrapped its controversial proposal to routinely “name and shame” firms under investigation. In the US, it is common for regulators to name the firms or individuals under investigation. If a case is settled… Read More

March 12, 2025 @ 10:43 am By JD Alois  |  

The UK Payment Systems Regulator (PSR)will be shuttered by the UK government. The move is described as reducing “red tape” or “unnecessary regulation” to improve growth by reducing the burdens ladled upon businesses. The PSR oversees payment systems like card rails. Its responsibilities will be… Read More

February 10, 2025 @ 2:17 pm By JD Alois  |  

The UK Financial Conduct Authority (FCA) says it had almost 20,000 financial advertisements pulled or changed during 2023 – almost double the year prior. The FCA specifically mentioned promotions involving crypto, debt, and “claims management company” (CMC). CMCs came from 46 authorized CMC firms, affecting… Read More

January 31, 2025 @ 11:27 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) is pursuing rules that aim to make it easier for listed companies to issue bonds and investors, including smaller ones, to invest in these assets. The FCA explains that it would like to encourage listed firms to issue bonds… Read More

December 15, 2024 @ 9:45 am By Omar Faridi  |  

Salad Money says that its Salad Technologies, part of the Salad group, has been approved by the UK’s FCA as an official Account Information Services Provider (AISP). The accreditation means Salad can access applicants’ Open Banking data directly rather then through a licensed third party…. Read More

November 26, 2024 @ 11:48 am By JD Alois  |  

The UK Financial Conduct Authority (FCA) says ownership of crypto is on the rise in the country. According to the securities regulator, 12% of UK adults hold digital assets, an increase from their previous study when 10% reported holding crypto. The FCA says that awareness… Read More

November 22, 2024 @ 8:46 am By JD Alois  |  

The Bank of England and the Financial Conduct Authority (FCA) have jointly published a report indicating that 75% of financial firms already use artificial intelligence (AI). AI rocketed to public perception following the release of ChatGPT. Consumer development of AI fueled a need for all… Read More

October 23, 2024 @ 10:57 pm By Michael Wong  |  

The Financial Conduct Authority (FCA) is intensifying its efforts to curb illegal activities by financial influencers, commonly known as “finfluencers“, who may be promoting financial services unlawfully. As part of a targeted crackdown, the regulator has issued 38 alerts against social media accounts run by… Read More

October 22, 2024 @ 11:15 am By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) has recently shared a comprehensive update on crypto-asset registrations processes, which are said to be focused on building strong foundations. The FCA noted in its extensive update that quite often, they are asked about the number of companies they… Read More