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

Crypto Companies Crunched by Cautious UK Banks
Crypto Companies Crunched by Cautious UK Banks
April 02, 2023  |  Cryptocurrency

U.K. Prime Minister Rishi Sunak’s cryptocurrency plans have reportedly hit some snags. As Bloomberg News reported Sunday (April 2), crypto companies were already dealing with...

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FCA Says Many Payments Firms’ Controls Aren’t ‘Sufficiently Robust’
FCA Says Many Payments Firms’ Controls Aren’t ‘Sufficiently Robust’
March 17, 2023  |  Regulation

A United Kingdom regulator has cautioned payments firms that it expects their controls to be “sufficiently robust.” The Financial Conduct Authority (FCA) sent a letter...

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Railsbank Reportedly Seeking Sale Through an Insolvency Process
Railsbank Reportedly Seeking Sale Through an Insolvency Process
March 03, 2023  |  Legal

Railsbank Technology is reportedly close to being sold through an insolvency process. Directors are close to selling the United Kingdom-based FinTech company through a form...

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UK’s FCA: eMoney CEOs Must Make Consumer Duty Rules ‘Top Priority’
UK’s FCA: eMoney CEOs Must Make Consumer Duty Rules ‘Top Priority’
February 21, 2023  |  Regulation

A British regulator has told eMoney firms that they need to change some practices. Financial Conduct Authority (FCA) Director of Payment and Digital Assets Matthew...

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Revolut Claims Profitability as UK Banking License Hangs in Balance
Revolut Claims Profitability as UK Banking License Hangs in Balance
February 19, 2023  |  Digital Banking

British FinTech Revolut could be a step closer to getting its U.K. banking license. The company this week is expected to sign off on its...

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UK Edges Closer to BNPL Regulation as Consultation Kicks Off
UK Edges Closer to BNPL Regulation as Consultation Kicks Off
February 15, 2023  |  BNPL

The U.K. has launched a long-awaited consultation aimed at regulating the BNPL sector. The eight-week consultation, which started Tuesday (Feb. 14) and was announced by...

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FCA Threatens Jail Time for Crypto Ad Violations
FCA Threatens Jail Time for Crypto Ad Violations
February 06, 2023  |  Cryptocurrency

A British regulator is promising “robust action” against cryptocurrency companies violating its advertising rules. That action, the U.K. Financial Conduct Authority (FCA) announced Monday (Feb. 6),...

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UK Regulator Blocked 14X More Misleading Financial Promotions in 2022
UK Regulator Blocked 14X More Misleading Financial Promotions in 2022
February 03, 2023  |  Security & Fraud

The U.K.’s financial regulator sent out over 1,800 alerts last year to protect consumers from financial scams. In a Friday (Feb. 3) press release, the...

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Crypto Exchanges Face Uphill Battle for EU Regulatory Approval
Crypto Exchanges Face Uphill Battle for EU Regulatory Approval
January 29, 2023  |  Cryptocurrency

As European regulators crack down on unlicensed crypto exchanges, gaining approval is proving challenging. Last week, for instance, De Nederlandsche Bank (DNB), the Dutch central...

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