Charles Elliott on Regulatory Requirements

UK Mortgage Rule Review: FCA takes first step in introducing targeted flexibilities into the regulatory framework

The FCA has finalised the changes that were proposed in May this year to make it easier for customers to engage with mortgage providers and make reductions to mortgage terms and remortgaging easier. This includes removing the...more

7/29/2025 / Borrowers , Consumer Financial Products , Financial Conduct Authority (FCA) , Financial Regulatory Reform , Interest Rates , Lenders , Mortgages , Regulatory Requirements , UK

UK Mortgage Rule Review: FCA discussion paper on future of market seeks views on ‘trade-offs and risks’ that changing its rules...

Following the FCA’s May 2025 ‘first steps’ consultation on proposals to simplify its mortgage framework via a Mortgage Rule Review (MRR), it has now published a discussion paper on the future of the mortgage market. The...more

7/9/2025 / Borrowers , Disclosure Requirements , Financial Conduct Authority (FCA) , Housing Market , Lenders , Mortgages , Regulatory Reform , Regulatory Requirements , Risk Management , UK

PSD3: COREPER approves Council of EU’s amended PSD3 and PSR texts, paving the way for inter-institutional negotiations on final...

As with the European Parliament’s April 2024 adopted texts, the Council of the EU’s proposed amendments to the European Commission’s June 2023 legislative proposals touch on some significant areas of interest for payment...more

6/23/2025 / Consumer Protection Laws , EU , Financial Services Industry , FinTech , Fraud , Payment Systems , Proposed Amendments , Proposed Legislation , Regulatory Reform , Regulatory Requirements

UK Mortgage Rule Review: FCA consults on 'first steps' aimed at simplifying rules and increasing flexibility

Following a March 2025 press release and letter to the Economic Secretary to the Treasury announcing plans to improve access to mortgages to support the government’s economic growth mission, the FCA has published a ‘first...more

5/14/2025 / Borrowers , Financial Conduct Authority (FCA) , Housing Market , Lenders , Mortgage Lenders , Mortgages , Proposed Rules , Regulatory Reform , Regulatory Requirements , UK

UK payment services: final rules limiting rights for PSPs to exit customer relationships laid before Parliament

While recent announcements have focussed on the government’s growth agenda, HM Treasury (HMT) has also now pressed ahead with publishing final draft regulations limiting the rights for banks and other payment service...more

5/7/2025 / Banks , Contract Termination , Final Rules , Financial Conduct Authority (FCA) , HM Treasury , New Regulations , Payment Systems , Proposed Amendments , Regulatory Requirements , UK

Digital asset regulation in the UK: A quick guide for overseas entities

Numerous jurisdictions across the globe are developing their own cryptoasset regulatory frameworks—the UK is no exception. Cryptoasset businesses overseas looking to enter the UK market, or to offer services to customers in...more

4/25/2025 / Blockchain , Cryptoassets , Cryptocurrency , Digital Assets , Financial Conduct Authority (FCA) , Financial Services Industry , FinTech , Regulatory Agenda , Regulatory Requirements , UK

Consumer Duty: UK FCA finds no room for complacency in firms’ treatment of customers in vulnerable circumstances involving...

Outcomes testing and monitoring under the Consumer Duty, and senior management engagement with these areas, remain key focus areas for the FCA. Whilst the review in question focuses specifically on the treatment of customers...more

4/17/2025 / Banking Sector , Banks , Financial Conduct Authority (FCA) , Policies and Procedures , Regulatory Requirements , Reporting Requirements , Risk Management , UK

UK Consumer Duty rule review: FCA sets out ‘targeted steps’ to simplify requirements for firms

Following feedback to its July 2024 Call for Input (CfI) on placing greater reliance on the Consumer Duty instead of specific rules and guidance, the FCA won’t be carrying out a wholesale Handbook review. It has instead...more

3/31/2025 / Banking Sector , Consumer Financial Products , Disclosure Requirements , Financial Conduct Authority (FCA) , Insurance Industry , Mortgages , Regulatory Reform , Regulatory Requirements , Risk Management , UK

HMT looks to create payments parachute for a cliff-edge Brexit

HM Treasury's draft Brexit Regulations for UK payment services and e-money activity aim to soften the practical impact of the EEA suddenly becoming, to all intents and purposes, a third country regulatory regime overnight. ...more

9/18/2018 / Banking Sector , Financial Institutions , Financial Services Industry , HM Treasury , Regulatory Oversight , Regulatory Requirements , UK Brexit

Charles Elliott

Hogan Lovells

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