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 Seeks Comment on Removing Contactless Card Payment Limit

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. Get the Full Story Complete 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. Get the Full Story Complete the form to unlock this article and...

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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. Get...

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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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UK BNPL Volumes Jump Nearly 20% Amid Increased Scrutiny
UK BNPL Volumes Jump Nearly 20% Amid Increased Scrutiny
January 16, 2025  |  BNPL

British consumers are increasingly embracing buy now, pay later (BNPL) plans amid increasing government scrutiny. Get the Full Story Complete the form to unlock this...

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