The rules governing financial services could be streamlined to reduce burdens on businesses, following a review launched by the FCA. The move comes after the introduction of the Consumer Duty, which makes sure that businesses deliver good outcomes for consumers when they buy financial products and services. The regulator is calling on industry to identify
The FCA has set out a package of measures designed to help strengthen the UK’s capital markets and position as a global and vibrant financial centre. Proposals for new public offers and admissions to trading regime Key to the package are proposed rules to establish the new Public Offers and Admissions to Trading Regime (POATRs)
Banks and building societies will need to weigh up if local communities lack access to cash services, like branches and ATMs, and plug significant gaps, under new FCA rules. From 18 September, banks and building societies will need to: assess cash access and understand if additional services are needed, when changes are being made
The FCA has told financial firms – including banks, payment firms and lenders – to do more to ensure parliamentarians, senior public servants and their families are not treated unfairly. Under legislation adopted by Parliament, financial firms are required to do extra checks on so-called politically exposed persons (PEPs). This follows global standards set
The Payments Systems Regulator (PSR) and Financial Conduct Authority (FCA) are seeking views on the benefits and risks digital wallets bring to people and businesses. The use of digital wallets has grown rapidly over the last few years, and it’s likely that more than half of UK adults now use one. With Apple Pay, Google Pay
