Inside this issue July’s theme is regulatory simplification. Across the month, the UK regulatory agenda moved further from policy design into structural simplification. Consumer disclosures, pensions, asset reporting, captive insurance and market transparency all saw important developments. The direction of travel is clear. Regulators are continuing to strip back legacy EU frameworks, but firms […]
Inside this issue June’s theme is regulatory delivery. Across the month, the UK regulatory agenda moved further from policy discussion into practical implementation. Cryptoasset regulation, stablecoins, open banking payments and mobile platform competition all saw important developments.The direction of travel is clear. Regulators are continuing to support innovation, but firms are being expected to prepare […]
Inside this issue May’s theme is regulated growth. Across the month, the FCA and other UK authorities continued to show support for innovation, but with a clear expectation that growth must be matched by stronger governance, clearer market conduct and earlier regulatory engagement.The direction of travel is becoming more practical. Digital wallets, tokenisation, cryptoasset authorisation […]
Inside this issue April’s theme is regulatory convergence. Across the month, developments in payments, Open Finance and digital markets pointed in the same direction: regulators and policymakers are moving closer to a more connected framework where innovation is supported, but only within clearer governance, stronger accountability and more operational discipline. From enforcement on misleading promotions […]
March’s theme is operational proof: in a fast-moving payments landscape, the differentiator is how quickly a firm can evidence control when something changes. We start with two First Supervisory Notices that show what happens when regulatory status, governance and operations drift out of alignment, then zoom out to three system shifts moving in parallel: Open […]
This month’s update focuses on how UK regulators are tightening expectations around governance, transparency, and market resilience. We cover: FCA intervention following governance and financial control concerns at an advice firm. Payments Forward Plan published to drive delivery of the National Payments Vision and improve industry coordination. FCA launched Regulatory Priorities reports, changing how supervisory […]
Inside this issue January reinforces a simple message: regulators want firms to prove control, not just describe it. Safeguarding disruption, AI oversight, and open banking all point to higher expectations on governance, evidence, and customer outcomes. Supervision & safeguarding: FCA restrictions highlight how safeguarding disruptions and AML/control weaknesses can escalate quickly. Future focus areas: advanced […]
Inside this issue December’s theme: practical outcomes, failure handling, usable Open Finance infrastructure, and provable conduct standards. PESAR: step forward, but slowed by operational complexity, especially where transfer/ continuity beats long unwind. Open Finance: Sprint 2025 outputs + continued experimentation via Smart Data Accelerator/ TechSprints into early 2026. Conduct: FCA wants proof of best execution […]
On 24 November 2025, JNFX Ltd – an FCA-authorised payment institution providing FX and payment services to corporate clients – was placed into special administration under the Payment and Electronic Money Institution Insolvency Regulations 2021. Just a few days earlier, on 20 November, the firm had agreed to a voluntary undertaking that restricted the activities […]
September 2025 marked another significant month for UK financial services. Regulators pushed forward on international collaboration, modernising payments, and bringing crypto into the core regulatory perimeter while also piloting new approaches to AI oversight. The result: a financial system that is becoming more connected, technology-driven, and accountability-focused. FCA Proposes Removal of Contactless Payment Cap On […]
