Author Archives: Informer

Brand new FCA suggestions on operational and security risk management by Payment Services Providers (PSPs)

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During March 2018, the FCA released its consultation paper (CP18/6) on its proposed approach to the application of the European Banking Authority’s (EBAs) final guidelines on security measures for operational and security risks of payments services under PSD2. The Latest Approach document, Version 2, was released 19th December 2018 https://www.fca.org.uk/publication/finalised-guidance/fca-approach-payment-services-electronic-money-2017.pdf.  Altogether, the documents do not […]

A Matter of Trust

Military formations have long struggled to decrease the tension concerning the rigidity of their organisational constructions and the need for fast, definitive, imaginative leadership plus overall flexibility of activity on the battlefield. General George Armstrong Custer’s ego, for example, blinded him to the realities of the predicament at the Battle of the Little Big Horn, […]

Brand-new FCA suggestions on operational and security risk management by Payment Services Providers (PSPs)

In March 2018, the FCA released its consultation paper (CP18/6) on its proposed approach to the application of the European Banking Authority’s (EBAs) final guidelines on security measures for operational and security risks of payments services under PSD2. The Latest Approach document, Version 2, was released 19th December 2018 https://www.fca.org.uk/publication/finalised-guidance/fca-approach-to-payment-services-electronic-money-2017.pdf Generally, the documents do not […]

Whatever Your FCA or PRA Need- Compliance Doctor Is The Answer

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We are the home of the “Compliance Doctor” and have the following values, to which we adhere; Fairness – we don’t judge Sound recommendations (with evidence to support) Long Term plans/strategy Excellence in Primary & Remedial care Serving you as an individual and respecting your complete confidentiality Understanding your pain Intervention Parsimony with an outcomes […]

Ambulance Chasers Caught?

Claims management companies (CMCs), known in the financial services compliance business as “Ambulance Chasers” will must come up with over ₤ 7m in 2019 to set up a compliant scheme to adequately satisfy the regulator of the the sector, the Financial Conduct Authority (FCA) has revealed.  The approximate price to be paid in 2019-20, if […]

Ambulance Chasers Finally Get Cornered?

Claims management companies (CMCs), known in the financial services compliance business as “Ambulance Chasers” will have to stump up over a cool ₤ 7m next year to develop a compliant scheme to adequately satisfy the new regulator the sector, the Financial Conduct Authority (FCA), The amount be paid in 2019-20, if accurate, is 42% of […]

Are Money Market Funds Really For You?

Are Loan Market Funds For You? Cash funds are among the most popular money management tools. These financial investments are also touted as the safest kind of fund. Prior to investing in them, you need to initially know exactly what they are, their advantages, and if they are ideal financial investments for you. What Money […]

Compliance Manual Template with FCA SMCR Supplement

http://fca-compliance-risk-assessment-fully-editable-template-manual.co.uk Now with SMCR Supplement for Insurers. OK, So Why Should I Need A Compliance Manual? For any Compliance Officer, Compliance Manager or CF10/SMF16 who has been in the UK financial services industry for any more than a year, this document is important. Critically they will know that one of the first documents that they, […]

Updated FCA suggestions on operational and security risk management by Payment Services Providers (PSPs)

In March 2018, the FCA published its consultation paper (CP18/6) on its proposed approach to the execution of the European Banking Authority’s (EBAs) final guidelines on security precautions for operational and security risks of payments services under PSD2. The Latest Approach document, Version 2, was released 19th December 2018 https://www.fca.org.uk/publication/finalised-guidance/fca-approach-to-payment-services-electronic-money-2017.pdf. Overall, the documents do not […]

Do I Need To Be Regulated As An FCA Authorised Person?

Financial services providers, investment company and consumer credit firms ought to be Financial Conduct Authority (FCA) authorised. Here’s a summary of what you should know. Due to the regulations made under the Financial Services and Markets Act (FSMA) 2000, financial activities must be regulated by the FCA. Any firm (whether an enterprise, a not-for-profit or […]