20 January 2021
Time’s up: Deadline passes for crypto firms to register with the FCA
As of 10 January 2021, all cryptoasset firms are required to be registered with the Financial Conduct Authority (FCA) under the Money Laundering Regulations.
14 January 2021
FCA sets expectations for firms to record communications when working from home
FCA focuses on risks associated with unmonitored communications, including the use of unencrypted apps, such as WhatsApp, for sharing potentially sensitive or confidential information when working from home.
9 December 2020
First anniversary of the extension of the Senior Managers & Certification Regime
As we near the first anniversary of the extension of the Senior Managers & Certification Regime (SM&CR) to solo-regulated FCA firms, the first round of annual fitness and propriety assessments will be topping the to-do lists of many compliance professionals.
11 November 2020
The Holiday is Over: Will the FCA’s efforts to support homeowners after the mortgage payment holiday be enough?
One of the impacts of the Covid-19 pandemic is that national income has fallen dramatically. In response to concerns from homeowners unable to meet their mortgage repayment requirements due to a drop in income, the Treasury and Financial Conduct Authority announced a ‘mortgage payment holiday’. This was the result of banks agreeing to allow mortgage-holders suffering from a drop in income to pause their repayments. A ban on home repossessions was put in place at the same time
9 November 2020
Non-financial misconduct is misconduct, plain and simple
The FCA announced on 5 November that it has banned three individuals from working in the financial services industry for non-financial misconduct.