FCA Dear CEO Letter
12Apr

At A Glance: FCA Dear CEO Letter to Payment and E-Money Firms

Fiona Jelly Founder What’s New? On 16 March 2023, the FCA wrote a Dear CEO letter to Payment and e-Money firms highlighting deficiencies and concerns with the sector and the need for firms to take action. "We remain concerned that many payment firms do not have sufficiently robust controls and... that presents an unacceptable risk of harm to their...

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Essential FCA Guide
11Apr

Essential Guide for Payment Companies: UK Regulatory Outlook in 2023 (+ Timeline)

Fiona Jelly Founder It looks like 2023 could be challenging for Payment and e-Money companies. The FCA appears to have made a New Year's resolution to intensify its supervision of the sector and their March 2023 letter “FCA Priorities for Payment Firms” confirmed as much. A new far-reaching Consumer Duty is on the horizon and the Payment Services Regulator's...

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