FCA

The 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 Scraps 90-Day Reauthentication Open Banking Rule

UK’s FCA Scraps 90-Day Reauthentication Open Banking Rule
UK’s FCA Scraps 90-Day Reauthentication Open Banking Rule
December 02, 2021  |  Banking

The U.K.’s Financial Conduct Authority (FCA) has scrapped the 90-day reauthorization requirement, a move seen as a boon for the open banking sector. Get the...

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FCA Proposes Changes That Remove ‘Barriers’ to Growth And Innovation in UK Payments
FCA Proposes Changes That Remove ‘Barriers’ to Growth And Innovation in UK Payments
November 29, 2021  |  Payments Innovation

In its 2020-21 business plan, the U.K.’s Financial Conduct Authority (FCA) announced that the payments sector would be one of its key priorities for the...

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UK Lawmaker Calls for Urgent Regulation of Buy Now Pay Later Providers
UK Lawmaker Calls for Urgent Regulation of Buy Now Pay Later Providers
November 24, 2021  |  BNPL

In tough economic times, paying for goods in several installments instead of paying for the full cost upfront has never been more attractive to consumers....

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UK Treasury: BNPL’s Growth May Give Rise to ‘Consumer Detriment’ 
UK Treasury: BNPL’s Growth May Give Rise to ‘Consumer Detriment’ 
October 21, 2021  |  BNPL

In the United Kingdom, buy now, pay later (BNPL) is in the regulatory crosshairs. Get the Full Story Complete the form to unlock this article...

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Wise’s Käärmann Faces Sanctions from UK’s FCA
Wise’s Käärmann Faces Sanctions from UK’s FCA
October 01, 2021  |  Taxes

Kristo Käärmann, CEO and co-founder of money transfer firm Wise, may face sanctions in the U.K. for a tax violation that could see him banned...

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FCA Chair: Investors Need Protection From Online Crypto Schemes
FCA Chair: Investors Need Protection From Online Crypto Schemes
September 08, 2021  |  Cryptocurrency

Investors need protection from sketchy cryptocurrency schemes, especially those being promoted online by paid influencers in “pump and dump” maneuvers, Financial Conduct Authority Chairman Charles...

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Bitcoin Daily: FCA Chair Calls for Stricter Regulations on Platforms Promoting Crypto
Bitcoin Daily: FCA Chair Calls for Stricter Regulations on Platforms Promoting Crypto
September 06, 2021  |  Bitcoin

Charles Randell, head of the U.K. Financial Conduct Authority (FCA), has said regulators in the country should be given more power to protect consumers from...

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Lloyds Bank Hit With Biggest UK Watchdog Fine In Two Years
Lloyds Bank Hit With Biggest UK Watchdog Fine In Two Years
July 08, 2021  |  Bank Regulation

Lloyds Bank was hit with a fine totaling £90 million by the U.K. Financial Conduct Authority (FCA), it’s biggest since 2019 and the second largest...

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