Regulatory updatershttps://www.nortonrosefulbright.com/en/inside-fintech/blog/rss/regulatory-updatersFind the latest articlesen{3893FCEE-A426-4F6E-8F7C-5FE6F26FFBA8}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2023/03/monthly-global-fintech-regulatory-updaterHannah MeakinSimon LovegroveRegulatory updatersBlog postMonthly Global FinTech regulatory updaterEvery month we provide the Global Blockchain Business Council’s Post-Trade Distributed Ledger group with a global regulatory FinTech updater, the latest version of which can be found here.Tue, 07 Mar 2023 15:49:00 ZHannah Meakin, Simon Lovegrove{F7CED4A0-E762-4701-8BE2-A87A4201E8E1}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2023/02/monthly-global-fintech-regulatory-updaterSimon LovegroveHannah MeakinRegulatory updatersBlog postMonthly Global FinTech regulatory updaterEvery month we provide the Global Blockchain Business Council’s Post-Trade Distributed Ledger group with a global regulatory FinTech updater, the latest version of which can be found here.Thu, 09 Feb 2023 16:28:00 ZSimon Lovegrove, Hannah Meakin{BE2D0491-8B81-4491-823C-AD8FF7AF1C37}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2023/01/monthly-global-fintech-regulatory-updaterSimon LovegroveHannah MeakinRegulatory updatersBlog postMonthly Global FinTech regulatory updaterEvery month we provide the Global Blockchain Business Council’s Post-Trade Distributed Ledger group with a global regulatory FinTech updater, the latest version of which can be found here.Tue, 10 Jan 2023 14:53:00 ZSimon Lovegrove, Hannah Meakin{5D539BDE-372B-49C1-B37A-F422E629F27D}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2022/12/monthly-global-fintech-regulatory-updaterHannah MeakinSimon LovegroveRegulatory updatersBlog postMonthly Global Fintech regulatory updaterEvery month we provide the Global Blockchain Business Council’s Post-Trade Distributed Ledger group with a global regulatory FinTech updater, the latest version of which can be found here.Tue, 20 Dec 2022 12:21:00 ZHannah Meakin, Simon Lovegrove{8ACC7024-303D-4AD6-8523-00BC44C395B0}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2022/11/monthly-global-fintech-regulatory-updaterSimon LovegroveHannah MeakinBlog postRegulatory updatersMonthly Global FinTech regulatory updaterEvery month we provide the Global Blockchain Business Council’s Post-Trade Distributed Ledger group with a global regulatory FinTech updater, the latest version of which can be found here.Mon, 28 Nov 2022 12:08:00 ZSimon Lovegrove, Hannah Meakin{E68F2D39-8F88-4DBD-B0FD-7EC69867952A}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2022/07/monthly-global-fintech-regulatory-updaterSimon LovegroveHannah MeakinRegulatory updatersBlog postMonthly Global FinTech regulatory updaterEvery month we provide the Global Blockchain Business Council’s Post-Trade Distributed Ledger group with a global regulatory FinTech updater, the latest version of which can be found here.Mon, 18 Jul 2022 15:45:00 ZSimon Lovegrove, Hannah Meakin{7FE22330-30E2-4CA4-BBBF-B59B1112C297}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2022/07/esg-key-regulatory-risks-for-financial-services-firms-in-the-uk-and-us-and-how-to-manage-themKatie StephenJoe SmallshawKatey FardelmannCatherine PluckRegulatory updatersBlog postESG: Key regulatory risks for financial services firms in the UK and US and how to manage themInvestors are increasingly seeking sustainable financial products and ESG investing, traditional investing combined with sustainable or otherwise philanthropic aims, has seen huge growth in recent years.Thu, 14 Jul 2022 11:57:00 ZKatie Stephen, Joe Smallshaw, Katey Fardelmann, Catherine Pluck{6CC35D07-B906-4567-BB53-F75DC2FEAD91}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2022/07/beyond-the-tpr-navigating-landing-slots-and-regulatory-expectationHannah McAslan-SchaafRegulatory updatersBlog postBeyond the TPR: navigating landing slots and regulatory expectationOver the course of the last few weeks, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority have continued to allot landing slots to firms that are currently providing services in the UK under the Temporary Permissions Regime (TPR). These landing slots usually provide a period of 3 months during which time the firm can apply either for re-authorisation (as a branch or subsidiary) or to vary its existing permission.Thu, 14 Jul 2022 08:42:00 ZHannah McAslan-Schaaf{CCB96C71-BEB7-4F35-8763-C6C990378FC9}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2022/06/hm-treasury-policy-paper-review-of-the-uks-aml-cft-regulatory-and-supervisory-regimeSimon LovegroveRegulatory updatersBlog postHM Treasury policy paper: Review of the UK’s AML/CFT regulatory and supervisory regimeOn 24 June 2022, HM Treasury published two post-implementation reviews and a forward looking review of the UK’s anti-money laundering and countering the financing of terrorism (AML/CFT) regime.Thu, 30 Jun 2022 13:10:00 ZSimon Lovegrove{F2B4A412-1F44-4284-BA6A-64E66410359E}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2022/06/joint-regulatory-oversight-committee-terms-of-referenceSimon LovegroveRegulatory updatersBlog postJoint Regulatory Oversight Committee: Terms of referenceOn 24 June 2022, there was published the terms of reference of the Joint Regulatory Oversight Committee (Committee).<br/><br/>The Committee comprises of the Competition and Markets Authority, Financial Conduct Authority, Payment Systems Regulator and HM Treasury. The Committee’s role is to oversee the planning and preparation for the future open banking entity and consider the vision and strategic road-map for further developing open banking. The Committee will also be responsible for overseeing and, where applicable, monitoring the future entity, once set up, until a permanent regulatory framework is in place.Thu, 30 Jun 2022 13:08:00 ZSimon Lovegrove{3D5AF5F9-3EB7-4A60-82FE-E144EFEC68BB}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2022/06/latest-edition-of-the-regulatory-initiatives-gridSimon LovegroveRegulatory updatersBlog postLatest edition of the Regulatory Initiatives GridOn 25 May 2022, the Financial Services Regulatory Initiatives Forum (Forum) published an updated version of the Regulatory Initiative Grid which sets out the regulatory pipeline so that financial services firms and other stakeholders can understand, and plan, for the timing of the initiatives that may have a significant operational impact on them. The Forum comprises of the Bank of England, FCA, PRA, Payment Systems Regulator, the Competition and Markets Authority, the Information Commissioner’s Office, the Pensions Regulator and the Financial Reporting Council. HM Treasury is an observer member.Tue, 07 Jun 2022 11:46:00 ZSimon Lovegrove{3F7B16A2-3AC2-4EC6-B8CB-4EC51FA440F2}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2022/06/what-will-operational-resilience-look-like-going-forward-an-overview-of-the-supervisorySimon LovegroveHannah McAslan-SchaafRegulatory updatersBlog postWhat will operational resilience look like going forward? An overview of the supervisory regulatory positionOn 25 May 2022, Duncan Mackinnon (Executive Director for Supervisory Risk Specialists) gave a speech at the City and Financial 9th Annual Operational Resilience for Financial Institutions Summit. In his speech Mr Mackinnon discusses where the PRA expects firms to focus on as they work towards building operational resilience by March 2025. By this time, firms will need to ensure they are resilient to disruption of their important business services, which if disrupted, could pose a risk to their safety and soundness or in certain cases to the financial stability of the UK.Tue, 07 Jun 2022 11:43:00 ZSimon Lovegrove, Hannah McAslan-Schaaf{6D92AA06-E0A9-483A-B6C6-F9332168B3F4}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2022/05/hm-treasury-response-to-consultation-and-call-for-evidence-on-the-uk-regulatory-approachAlbert WeatherillSimon LovegroveCrypto-assets, cryptocurrencies, stablecoins and CBDCsBlog postRegulatory updatersHM Treasury response to consultation and call for evidence on the UK regulatory approach to cryptoassets, stablecoins and DLTOn 4 April 2022, HM Treasury published a response to its earlier consultation and call for evidence on the UK regulatory approach to cryptoassets, stablecoins and distributed ledger technology (DLT) in financial markets.Wed, 25 May 2022 14:06:00 ZAlbert Weatherill, Simon Lovegrove{FDF41EC1-C527-4715-8E9F-29A860D51F9E}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2022/05/boe-publish-pra-regulatory-digest-march-2022Simon LovegroveRegulatory updatersBlog postBoE publish PRA Regulatory Digest: March 2022On 1 April 2022, the PRA published its Regulatory digest for March 2022. The digest summarises PRA publications and speeches that have occurred in March. The top news and publications in this month’s edition includes:Wed, 25 May 2022 14:05:00 ZSimon Lovegrove{C62AA030-F5F8-4BB5-8491-D11939E2BE3E}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2022/05/irsg-response-to-governments-financial-services-future-regulatory-frameworkSimon LovegroveRegulatory updatersBlog postIRSG response to Government's financial services future regulatory frameworkOn 1 April 2022, the International Regulatory Strategy Group (IRSG) issued its response to the final phase of the Government’s consultation on the UK’s future regulatory framework. The IRSG response to this phase of the consultation builds on points from that report and a follow-up report produced in 2020. In addition to responding to the specific questions the IRSG make a number of points including that the process of transferring onshored legislation to regulators’ rulebooks need to observe the same objectives of ensuring continuity and certainty unless there is an intention to change policy. It also makes the point that the way EU law has been onshored means there are no consolidated versions of the rules available, which makes them very difficult for market participants to read. The IRSG therefore recommends that HM Treasury’s proposals for changes to legislation should be carried out with sufficient consultation and time to allow industry participants to adapt accordingly. Changes to legislation should include (as an annex) full marked up text, in the way the FCA typically present clear mark-ups to their Handbook text. This would improve accessibility, make reviews of proposed changes much more focused and efficient, enhance clarity and certainty around what is proposed, enable industry to better focus its energy, and could streamline the overall process.Wed, 25 May 2022 14:03:00 ZSimon Lovegrove{A2BD5614-EF83-4B26-A730-D408EE4A109D}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2022/05/monthly-global-fintech-regulatory-updater-24Hannah MeakinSimon LovegroveRegulatory updatersBlog postMonthly Global FinTech regulatory updaterEvery month we provide the Global Blockchain Business Council’s Post-Trade Distributed Ledger group with a global regulatory FinTech updater, the latest version of which can be found here.Wed, 25 May 2022 14:02:00 ZHannah Meakin, Simon Lovegrove{5282E04E-C0D9-4F39-90DC-0D6A69CB75A4}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2022/05/monthly-global-fintech-regulatory-updater-23Hannah MeakinSimon LovegroveRegulatory updatersBlog postMonthly Global FinTech regulatory updaterEvery month we provide the Global Blockchain Business Council’s Post-Trade Distributed Ledger group with a global regulatory FinTech updater, the latest version of which can be found here.Wed, 25 May 2022 14:00:00 ZHannah Meakin, Simon Lovegrove{986DFE0B-DF46-478C-A7C0-6EF19B9BB782}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2022/04/new-episode-of-rt-plus-cp-22-2-strengthening-our-financial-promotion-rulesJonathan HerbstHannah MeakinRegulatory updatersBlog postNew episode of RT Plus CP 22/2 Strengthening our financial promotion rules for high risk investments, including cryptoassetsA new episode of RT Plus is available to stream and download. In this episode, Jonathan Herbst and Hannah Meakin discuss the FCA’s recent consultation paper, CP22/2 – Strengthening our financial promotion rules for high risk investments, including cryptoassets.Thu, 14 Apr 2022 09:01:00 ZJonathan Herbst, Hannah Meakin{2C5C2171-A005-41A0-AAEC-9C1E720F2271}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2022/04/regulation-around-the-world-focusing-on-horizon-scanning-out-nowSimon LovegroveSteven HowardAnna CarrierRegulatory updatersBlog postRegulation Around the World focusing on horizon scanning: out nowWhat’s on the regulatory horizon for financial services firms?Thu, 14 Apr 2022 09:00:00 ZSimon Lovegrove, Steven Howard, Anna Carrier{1888F559-3E17-4CDA-A6E6-8861859A9954}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2022/04/monthly-global-fintech-regulatory-updater-2Hannah MeakinSimon LovegroveRegulatory updatersBlog postMonthly Global FinTech regulatory updaterEvery month we provide the Global Blockchain Business Council’s Post-Trade Distributed Ledger group with a global regulatory FinTech updater, the latest version of which can be found here.Thu, 14 Apr 2022 08:59:00 ZHannah Meakin, Simon Lovegrove{A73D4230-F8D2-420D-B5C8-E59BD07B637C}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2022/04/monthly-global-fintech-regulatory-updaterHannah MeakinSimon LovegroveRegulatory updatersBlog postMonthly Global FinTech regulatory updaterEvery month we provide the Global Blockchain Business Council’s Post-Trade Distributed Ledger group with a global regulatory FinTech updater, the latest version of which can be found here.Thu, 14 Apr 2022 08:58:00 ZHannah Meakin, Simon Lovegrove{7183F155-0565-4C67-B6D5-7CAE5E53379A}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2022/02/us-congressional-subcommittee-expands-its-investigation-into-fintech-companies-and-pandemic-fraudJay DewaldSamuel Romero RamerRegulatory updatersBlog postUS Congressional subcommittee expands its investigation into FinTech companies and pandemic fraudOn November 23, the United States House Select Subcommittee on the Coronavirus Crisis announced that it has expanded its investigation into the role of FinTech companies in pandemic relief fraud. This expansion signals that the Department of Justice (DOJ) is not alone in setting its sights on investigating lenders and their FinTech partners. Businesses and individuals in the financial industry now must be prepared for congressional investigations.Tue, 08 Feb 2022 12:39:00 ZJay Dewald, Samuel Romero Ramer{F9997382-FE56-41A9-9468-FD94E8C89E67}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2022/02/monthly-global-fintech-regulatory-updaterHannah MeakinRegulatory updatersBlog postMonthly Global FinTech regulatory updaterEvery month we provide the Global Blockchain Business Council’s Post-Trade Distributed Ledger group with a global regulatory FinTech updater, the latest version of which can be found here.Tue, 08 Feb 2022 12:38:00 ZHannah Meakin{5A8CB20D-4CF8-470A-8FA9-4A562ED87E2F}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2022/01/monthly-global-fintech-regulatory-updaterHannah MeakinSimon LovegroveRegulatory updatersBlog postMonthly Global FinTech regulatory updaterEvery month we provide the Global Blockchain Business Council’s Post-Trade Distributed Ledger group with a global regulatory FinTech updater, the latest version of which can be found here.Mon, 24 Jan 2022 16:10:00 ZHannah Meakin, Simon Lovegrove{935AEBB1-1529-49D3-8817-DEB983D77B4C}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2021/12/monthly-global-fintech-regulatory-updaterHannah MeakinRegulatory updatersBlog postMonthly Global FinTech regulatory updaterEvery month we provide the Global Blockchain Business Council’s Post-Trade Distributed Ledger group with a global regulatory FinTech updater, the latest version of which can be found here.Tue, 14 Dec 2021 15:08:00 ZHannah Meakin{F78EB0C4-A489-4C19-AC45-3CCB3C0E98DD}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2021/11/monthly-global-fintech-regulatory-updaterHannah MeakinRegulatory updatersBlog postMonthly Global FinTech regulatory updaterEvery month we provide the Global Blockchain Business Council’s Post-Trade Distributed Ledger group with a global regulatory FinTech updater, the latest version of which can be found here.Wed, 24 Nov 2021 12:16:00 ZHannah Meakin{6B100CB1-B6B3-40A0-ACF6-32306713ED40}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2021/08/ofsi-penalises-fintech-company-for-breach-of-crimea-sanctionsDavid HarrisRegulatory updatersBlog postOFSI penalises FinTech company for breach of Crimea sanctionsOn 5 August 2021, the UK’s Office of Financial Sanctions Implementation (OFSI) announced that it has imposed a penalty on TransferGo Limited (TransferGo) of £50,000 for issuing payments to accounts held at the Russian National Commercial Bank (RNCB) in violation of EU sanctions against Crimea (in breach of Council Regulation (EU) No 269/2014, as enforced in the UK under Regulation 4 of the Ukraine (EU Financial Sanctions) (No 2) Regulations 2014 (the EU Regulations)).Tue, 21 Sep 2021 13:40:00 ZDavid Harris{9C439D71-D3BA-4FFA-BC53-7E3087B6EAE2}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2021/08/monthly-global-fintech-regulatory-updaterHannah MeakinRegulatory updatersBlog postMonthly Global FinTech regulatory updaterEvery month we provide the Global Blockchain Business Council’s Post-Trade Distributed Ledger group with a global regulatory FinTech updater, the latest version of which can be found here.Tue, 21 Sep 2021 13:37:00 ZHannah Meakin{52FCFE07-5411-4D03-ACF7-3AB73556DDFB}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2021/07/monthly-global-fintech-regulatory-updaterHannah MeakinRegulatory updatersBlog postMonthly Global FinTech regulatory updaterEvery month we provide the Global Blockchain Business Council’s Post-Trade Distributed Ledger group with a global regulatory FinTech updater, the latest version of which can be found here.Tue, 21 Sep 2021 13:31:00 ZHannah Meakin{3BAF389C-DEB8-43D0-A61A-E0F81E17E58D}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2021/05/monthly-global-fintech-regulatory-updater-may-5Hannah MeakinRegulatory updatersBlog postMonthly Global FinTech regulatory updaterEvery month we provide the Global Blockchain Business Council’s Post-Trade Distributed Ledger group with a global regulatory FinTech updater, the latest version of which can be found here.Wed, 05 May 2021 11:38:00 ZHannah Meakin{BAF8987F-58D9-45DD-AF42-815BE305A172}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2021/04/fca-speech-levelling-the-playing-field-innovation-in-the-service-of-consumers-and-the-marketSimon LovegroveBlog postRegulatory updatersFCA speech: Levelling the playing field – innovation in the service of consumers and the marketOn 20 April 2021, the FCA published a speech given by its CEO, Nikhil Rathi, during the FinTech Week event. The speech is entitled Levelling the playing field – innovation in the service of consumers and the market.Wed, 28 Apr 2021 11:18:00 ZSimon Lovegrove{6FB7E094-E49C-4654-A26E-E97AF636202F}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2021/04/monthly-global-fintech-regulatory-updater-apr-1Hannah MeakinBlog postRegulatory updatersMonthly Global FinTech regulatory updaterEvery month we provide the Global Blockchain Business Council’s Post-Trade Distributed Ledger group with a global regulatory FinTech updater, the latest version of which can be found here.Thu, 01 Apr 2021 10:53:00 ZHannah Meakin{EFF13C40-656B-4F23-9CA0-2C8C73C265C6}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2021/03/monthly-global-fintech-regulatory-updater-march-26Hannah MeakinBlog postRegulatory updatersMonthly Global FinTech regulatory updaterEvery month we provide the Global Blockchain Business Council’s Post-Trade Distributed Ledger group with a global regulatory FinTech updater, the latest version of which can be found here.Fri, 26 Mar 2021 10:56:00 ZHannah Meakin{1D9FB55F-3700-4CB7-A8B7-A9049C3CE3BC}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2021/03/fintech-in-turkey-an-overviewAyşe Yüksel MahfoudRegulatory updatersBlog postFinTech in Turkey: An overviewBy Ekin İnal and H. Alper Tüzün, İnal Ünver Attorney Partnership (in association with Norton Rose Fulbright in Turkey)Thu, 25 Mar 2021 10:48:00 ZAyşe Yüksel Mahfoud{BDDC3510-DFBC-4E92-BD5F-6CCF40944B20}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2021/02/the-kalifa-report-on-the-uk-fintech-sectorHannah MeakinRegulatory updatersBlog postThe Kalifa report on the UK fintech sectorOn 26 February 2021, there was published the independent report on the UK fintech sector by Ron Kalifa OBE.Fri, 26 Feb 2021 11:20:00 ZHannah Meakin{96F00CE9-53C8-4BD0-96FF-5FD37A8DE7D4}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2021/02/monthly-global-fintech-regulatory-updater-feb-9Hannah MeakinBlog postRegulatory updatersMonthly Global FinTech regulatory updaterEvery month we provide the Global Blockchain Business Council’s Post-Trade Distributed Ledger group with a global regulatory FinTech updater, the latest version of which can be found here.Tue, 09 Feb 2021 11:14:00 ZHannah Meakin{EBFA4AC1-2FDE-4E7F-810B-8C1BA1D99C38}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2021/02/monthly-global-fintech-regulatory-updater-11Hannah MeakinRegulatory updatersBlog postMonthly Global FinTech regulatory updaterEvery month we provide the Global Blockchain Business Council’s Post-Trade Distributed Ledger group with a global regulatory FinTech updater.Tue, 09 Feb 2021 09:50:00 ZHannah Meakin{A4AEB32D-AA2E-46AD-9A19-78DC986544A3}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2020/12/monthly-global-fintech-regulatory-updaterHannah MeakinRegulatory updatersBlog postMonthly Global FinTech regulatory updaterEvery month we provide the Global Blockchain Business Council’s Post-Trade Distributed Ledger group with a global regulatory FinTech updater, the latest version of which can be found here.Fri, 04 Dec 2020 08:52:00 ZHannah Meakin{8FD9A276-9E16-430C-B9FE-2AA3BD6E112A}https://www.nortonrosefulbright.com/en/inside-fintech/blog/2020/11/monthly-global-fintech-regulatory-updater-9Hannah MeakinRegulatory updatersBlog postMonthly Global FinTech regulatory updater 9Every month we provide the Global Blockchain Business Council’s Post-Trade Distributed Ledger group with a global regulatory FinTech updater, the latest version of which can be found here.Wed, 18 Nov 2020 08:52:00 ZHannah Meakin