Fiona Jelly Founder For Payments or E-Money firms, staying compliant with the FCA reporting deadlines is business-critical because your continuing FCA authorisation and ability to do business depends on it! In this guide, we provide a detailed overview of the FCA regulatory reports that may be applicable to your firm. This includes the report name, a brief description,...
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 business.In this blog, we’ll cover the key aspects of the...
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, you can improve compliance, reduce costs, and say goodbye to...
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 it off, they’re often hampered by a lack of time...
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 regulatory reporting is a priority for 2023 and that they’ll...
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...
Fiona Jelly Founder With limited time, a tight budget and lots of other responsibilities, how in the world will you navigate the increasingly complex FCA authorisation process? But you must!However, the stark reality is that in 2022, the FCA authorised 20 Payment and e-Money firms compared with 71 firms in 2021. A major factor is the FCA’s...
