Financial Conduct Authority

Financial Conduct Authority is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry.

Source: fca.org.uk

UK’s FCA Plans to Retire Outdated Guidance to Streamline Regulation
UK’s FCA Plans to Retire Outdated Guidance to Streamline Regulation
March 25, 2025  |  Regulation

The United Kingdom’s Financial Conduct Authority plans to retire more than 100 pages of outdated guidance, withdraw hundreds of supervisory publications and take other steps...

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UK’s FCA Seeks Comment on Removing Contactless Card Payment Limit
UK’s FCA Seeks Comment on Removing Contactless Card Payment Limit
March 14, 2025  |  Regulation

The United Kingdom’s Financial Conduct Authority (FCA) is seeking public comment on its proposal to remove the 100-pound (about $129) limit on contactless card payments....

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Chair of UK’s Payment Systems Regulator Calls Abolition ‘Pragmatic Next Step’
Chair of UK’s Payment Systems Regulator Calls Abolition ‘Pragmatic Next Step’
March 12, 2025  |  Regulation

The head of the United Kingdom’s Payment Systems Regulator (PSR) reportedly said Wednesday (March 12) that he had been aware since January that the regulator could be...

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UK’s Starmer Axes Payment Systems Regulator
UK’s Starmer Axes Payment Systems Regulator
March 11, 2025  |  Regulation

Turns out the appetite for financial deregulation stretches across the Atlantic. U.K. Prime Minister Keir Starmer on Tuesday (March 11) announced plans to abolish the...

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UK’s FCA Urges Social Media to Prevent Illegal Financial Promotions
UK’s FCA Urges Social Media to Prevent Illegal Financial Promotions
February 07, 2025  |  Security & Fraud

The United Kingdom’s Financial Conduct Authority is urging social media platforms to do more to prevent illegal financial promotions. The agency intervened and forced the...

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Coinbase Says VASP Approval Makes It UK’s Biggest Registered Crypto Company
Coinbase Says VASP Approval Makes It UK’s Biggest Registered Crypto Company
February 03, 2025  |  Cryptocurrency

Coinbase says it is now the largest registered digital assets company in the U.K. That milestone, announced by the cryptocurrency exchange Monday (Feb. 3), follows Coinbase’s receipt of...

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Open Banking Ltd. to Support UK’s Launch of Variable Recurring Payments
Open Banking Ltd. to Support UK’s Launch of Variable Recurring Payments
January 23, 2025  |  Digital Payments

Two U.K. regulators said Thursday (Jan. 23) that an independent company, Open Banking Limited, will play a key role in advancing the effort to launch...

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UK’s FCA Charts Path From Open Banking to ‘Open Finance’
UK’s FCA Charts Path From Open Banking to ‘Open Finance’
January 22, 2025  |  Bank Regulation

Open banking’s roots lie with the United Kingdom, where PSD2, a decade ago, gave a tailwind to banks’ “opening” their data to third-party providers. As...

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UK’s FCA Proposes Removing Contactless Limit to Allow ‘Greater Flexibility’
UK’s FCA Proposes Removing Contactless Limit to Allow ‘Greater Flexibility’
January 22, 2025  |  Regulation

The U.K.’s Financial Conduct Authority may remove the 100-pound (about $123) contactless limit and “set new digital service standards” as part of its efforts to...

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