face investigation from the Information Commissioners Office (ICO) around your organisation’s compliance with the General Data Protection Regulation (GDPR), which has the possibility of resulting in huge fines from up to €20m (approximately £17.5 million) or 4% of turnover, whichever is ...
The author offers views on the proposals by the British Financial Conduct Authority (FCA) concerning the regulation of the crowdfunding sector based on its consultation paper CP13/13 released in 2013. He asserts that the crowdfunding sector needs to be regulated considering its increasing popularity....
Published in November 2023, the new sustainability disclosure requirements (SDR) and investment labelsfrom the UK Financial Conduct Authority (FCA) comes into force in May 2024. The ruling targets FCA-regulated firms such as asset managers or owners and contains the FCA’s final rules and guidance...
What is the FSCS? The FSCS covers a wide range of financial products including bank accounts, pensions, investments, mortgages, and insurance. It is free to use and funded by levies on firms authorised by the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). In ...
The Financial Conduct Authority and Prudential Regulation Authority published consultations on diversity and inclusion in the financial sector in September 2023.
Open banking is a concept which is opening up banking data in a secure way, to help drive innovative new financial products for individuals and businesses.
RegTech is gaining traction following the implementation of the European Parliament’s MiFID II legislation in January 2018. This regulation aimed to provide uniformity among investment services within the 31-member states of the European Economic Area (EEA). Several other regulations have also positive...
If you operate in the European Economic Area (EEA), the revised Payment Services Directive is a regulatory requirement that includes Strong Customer Authentication and is intended to increase protection against fraud for online purchases. Ahead, learn ho
What is the difference between an accountant and a chartered accountant? By law anyone can call themselves an accountant. The title ‘chartered accountant’ and the letters ACA or FCA, however, indicates that the person has undertaken a minimum of three years in-depth training, passed a series...
Regulation and Enforcement:The SEC is responsible for enforcing federal securities laws and regulations, including those that apply to certain types of futures contracts that are considered securities. It ensures compliance with disclosure requirements, investigates potential violations, and takes legal action...