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Regulatory Reform FinTech Financial Conduct Authority (FCA)

Orrick, Herrington & Sutcliffe LLP

UK Financial Conduct Authority issues feedback on the new standard-setting body for open banking

On August 8, the Financial Conduct Authority (FCA) published feedback on the creation of the primary regulator for open banking, the “Future Entity.” The Future Entity will establish and oversee core standards, including API...more

A&O Shearman

HMT policy statement on the Appointed Representatives Regime: addressing key gaps and proposals for

A&O Shearman on

The appointed representatives regime has been around longer than many of us might realise, having been introduced in 1986, and so predating our beloved Financial Services and Markets Act 2000 (FSMA) by some years. No doubt,...more

A&O Shearman

UK FCA Handbook 132

A&O Shearman on

The UK Financial Conduct Authority (FCA) has published Handbook Notice 132, outlining legislative and technical updates to the FCA Handbook made by the statutory instruments set out below. - Non-Financial Misconduct...more

A&O Shearman

Mansion House: HMT consultation on cross-cutting reforms in the UK regulatory environment

A&O Shearman on

HM Treasury (HMT) has published its consultation paper on cross-cutting reforms in the UK regulatory environment in relation to key performance indicators, principles and strategies to be applied by the UK Financial Conduct...more

Ropes & Gray LLP

European restructuring in 2025: four trends shaping the legal landscape

Ropes & Gray LLP on

At the GRR: Women in Restructuring 2025 conference, leading practitioners dissected the year’s most significant developments in global insolvency and restructuring. Here, we distill the essential legal and market insights...more

A&O Shearman

HMT updates BNPL policy for domestic premises suppliers

A&O Shearman on

HM Treasury has published a policy paper setting out an update to its final position to its 2024 consultation on regulating Buy-Now, Pay-Later (BNPL) products which led to the laying of the draft secondary legislation, The...more

A&O Shearman

FCA announces launch of Supercharged Sandbox

A&O Shearman on

The UK Financial Conduct Authority (FCA) has announced the launch of its Supercharged Sandbox, developed in collaboration with NVIDIA, as part of its AI Lab and in line with the FCA's strategy to foster economic growth. This...more

A&O Shearman

FCA and ICO collaborate to support responsible AI Innovation

A&O Shearman on

The UK Financial Conduct Authority (FCA) and the Information Commissioner's Office (ICO) have published a discussion of how they are collaborating to support responsible innovation, providing regulatory clarity to give firms...more

A&O Shearman

New FCA webpages on PISCES

A&O Shearman on

The UK Financial Conduct Authority (FCA) has published two new webpages on the Private Intermittent Securities and Capital Exchange Systems (PISCES) sandbox, a new type of trading platform designed to enable intermittent...more

A&O Shearman

PSR update on impact of APP fraud reimbursement scheme

A&O Shearman on

The UK Payment Systems Regulator (PSR) has published an update on what it has seen since the implementation of its authorised push payment (APP) fraud reimbursement scheme in October 2024. The data covers UK payments made via...more

A&O Shearman

FCA discussion paper on regulating cryptoasset activities

A&O Shearman on

The UK Financial Conduct Authority (FCA) has published a discussion paper (DP25/1) on proposals for regulating cryptoasset activities, with a new webpage and press release. The FCA is seeking to develop a safe, competitive...more

A&O Shearman

Helping consumers navigate their financial lives: The FCA’s Strategy for 2025 – 2030

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The UK Financial Conduct Authority (FCA) has outlined its strategy for the next five years, reaffirming its commitment to prioritising consumer interests. Building on the foundation laid by the previous strategy, which...more

A&O Shearman

FCA summary of AI Sprint

A&O Shearman on

The UK Financial Conduct Authority (FCA) has published a summary of its AI Sprint, a two-day event that was hosted in January which discussed the opportunities and challenges of AI in financial services. 115 participants took...more

A&O Shearman

New FCA work programme for 2025/26

A&O Shearman on

The UK Financial Conduct Authority (FCA) has published its work programme for 2025/26, alongside a press release summarising its approach to supporting the testing of innovative products and new firms. The work programme sets...more

Hogan Lovells

FCA Annual Work Programme 2025/26: A work plan reflecting the UK government’s pro-growth mission

Hogan Lovells on

Motor finance, mortgage rule review work and Consumer Duty feature prominently in the work plans for this strategic priority. Firms should note that the FCA includes a warning in relation to the Duty that, where necessary, it...more

Hogan Lovells

UK FCA Annual Work Programme 2025/26 – what this means for digital assets and blockchain

Hogan Lovells on

On 8 April 2025, the Financial Conduct Authority (FCA) published their Annual Work Programme, detailing what the FCA intends to deliver in 2025/26—read on for our views on what this means for the digital assets space....more

A&O Shearman

UK digital securities sandbox instrument on ancillary FMI activities

A&O Shearman on

The UK Financial Conduct Authority (FCA) has published its Handbook Notice 128 which (among other things) confirms Handbook changes made by the Digital Securities Depositories Instrument 2025 (FCA 2025/14). The instrument...more

A&O Shearman

How will the FCA support economic growth?

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The UK Financial Conduct Authority (FCA) has unveiled its ambitious strategy for 2025-2030, with growth identified as a cornerstone of its forward-looking approach. This theme permeates the entire strategy and is one of only...more

A&O Shearman

Bank of England discusses opportunities in innovating wholesale payments

A&O Shearman on

Victoria Cleland, Executive Director of Payments, Bank of England (BoE) has given a speech on innovating wholesale payments: building a resilient and innovative future. In the speech, Ms Cleland discusses the BoE's innovation...more

Hogan Lovells

The Payments Newsletter including Digital Assets & Blockchain, March 2025

Hogan Lovells on

Key developments of interest over the last month include: the UK government publishing a pro-growth Action Plan for regulators and regulation, including pledges from the FCA of relevance to payments and digital assets firms;...more

A&O Shearman

Buy-now, pay-later: what the future will (and might) hold for the sector

A&O Shearman on

KEY POINTS - - On the face of it buy-now, pay-later (BNPL), as an interest and charge free credit facility, appears low risk but couple its ready availability with the fact that it comes without any of the protections...more

A&O Shearman

UK regulators publish feedback statement on big tech and digital wallets

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The UK Financial Conduct Authority (FCA) and the UK Payment Systems Regulator (PSR) have issued a joint feedback statement on the usage and impact of big tech and digital wallets (FS25/1). The feedback statement was...more

A&O Shearman

Financial Services and Markets Act 2023 (Digital Securities Sandbox) (Amendment) Regulations 2025 laid

A&O Shearman on

The Financial Services and Markets Act 2023 (Digital Securities Sandbox) (Amendment) Regulations 2025 were laid before parliament, together with an explanatory memorandum. The Regulations relate to the Digital Securities...more

Hogan Lovells

The digitalisation of UK capital markets: Digitalised financial market infrastructure and tokenised bonds

Hogan Lovells on

Digitalisation and the application of key technologies, such as distributed ledger technology (DLT), are reshaping the landscape of global finance. In this report, TheCityUK has collaborated with Hogan Lovells to consider the...more

A&O Shearman

FCA Financial Promotions Quarterly Data 2024 Q3

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The U.K. Financial Conduct Authority has published its financial promotions quarterly data for Q3 2024. The FCA summarizes the data collected between July 1 and September 30, 2024 and the action it took against firms...more

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