In case you missed it, the FCA has now published its finalised guidance (FG24/1) clarifying expectations of firms and others, such as affiliates and influencers, communicating financial promotions on social media. The FCA originally consulted on this back in July 2023, citing that social media has become an increasingly vital part of firms’ marketing strategies, allowing them to reach a mass audience at increasing speed and frequency. The FCA has expressed concern over poor quality financial promotions leading to significant consumer harm due to their wide reach and the complex nature of f ..read more

When it comes to regulatory compliance, 5 main issues rear their ugly heads time and time again. We thought we'd share them with you so you can tick them off your compliance check list. If your compliance management is more treading water than smooth sailing, we've included some compelling reasons why you should pick us to help you stay on top of your compliance a-game. https://video.wixstatic.com/video/6f3425_96a3007850564df8ada750172a964781/360p/mp4/file.mp4 1. Incomplete or Outdated Policies and Procedures The problem: Many financial institutions struggle with maintaining up-to-date po ..read more

If the FCA checked on your firm today, would your 'Implementation Plan' fit their criteria? Will your firm be affected by the new Consumer Duty Rules? If so, to what extent? In this newsletter Yhan Roger Rizet, Trainee Compliance Associate at FinTech Compliance, explores the level of expectations your firm faces, what and who are exempt, and the measures you should have in place before the October deadline. The FCA’s expectations will apply differently (both flexibly and dynamically) to new products, services, and business models as they continue to emerge and develop in an ever changing and ..read more

Michael Walford-Williams, Managing Director at Westbourne, a risk management consultancy for the financial services and finTech industry, examines the relationship between Financial Services and the Cloud, actions the regulators are taking, what this means for FinTech firms, and what FinTech's that are reliant on third party providers (especially Cloud Service Providers) can do to improve and fulfil the regulators obligations. The UK regulators have now recently outlined their expectations for Operational Resilience of third parties, including Cloud Service Providers. This leaves many FinTech ..read more