The Ultimate FCA Consumer Duty Summary + 10 Practical Tips for Implementation

editor2023-07-30T21:23:43+01:00 Fiona Jelly Founder The Financial Conduct Authority's (FCA) new Consumer Duty marks a huge shift in the financial regulatory landscape, ushering in new consumer-centric standards. The duty requires firms to put their customer's needs first and to weave the Consumer Duty into the operational fabric of their...

Don’t Get Caught Out! Ensure FCA Compliance with Our Ultimate Compliance Checklist (FREE!)

editor2023-07-30T20:56:08+01:00 Fiona Jelly Founder UK Payment firms don't get caught out! With 2023 in full swing, it's time to take control of your regulatory obligations and ensure compliance with the Financial Conduct Authority (FCA). We know regulatory compliance can be a real headache, but with a structured approach,...

10 Mistakes Payment Companies Make When Preparing FCA Reports (And How to Avoid Them!)

editor2023-07-30T20:54:36+01:00 Fiona Jelly Founder Effective reporting to the FCA is essential for Payment and e-Money Companies, but time and again they end up making the same mistakes. They may be confused about reporting requirements and legal terminology. Or perhaps they’ve hard-coded bad logic into their internal spreadsheets. To top...

Master FCA Capital Adequacy and PS Complaints Returns in 5 Simple Steps

editor2023-07-30T20:58:57+01:00 Fiona Jelly Founder Payment companies, your financial year-end is a busy time. And while your finance team is likely helping with financial reporting, FCA reporting is often left until the last minute. This is a risky approach, as the FCA emphasized in their March 2023 Dear CEO Letter that...

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

editor2023-07-30T21:00:36+01:00 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...

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

editor2023-07-30T21:01:23+01:00 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...