May 16, 2022
Learn how to conduct Wind Down Planning
The FCA recently completed a thematic review of wind-down processes across a number of business models. The review was aimed at reviewing firms on whether they held the appropriate liquidity, examining intragroup dependencies and wind-down triggers.
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April 11, 2021
Understanding the FCA Culture and Governance requirements
The financial crisis placed banks under the public spotlight, the investigation into some of the practices revealed behaviors that caused public indignation, Payment Protection Insurance (PPI) is but one example. The financial crisis placed banks under the public spotlight, the investigation into some of the practices revealed behaviors that caused public indignation, Payment Protection Insurance (PPI) is but one example.
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October 12, 2021
Understanding the Regulatory Landscape
At MEMA, in discussions with our customers (current and prospective) we identified a common theme, understanding the regulatory landscape is problematic and requires clearer descriptions aid understanding.
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August 7, 2022
Preparing for the TPR Regime
The Temporary Permissions Regime ('TPR') was designed in response to Brexit to ensure that European firms operating in the UK via a passport could continue operating temporarily while they seek full authorisation in the UK.
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January 28, 2022
What are regulatory controls and how do you conduct control monitoring
As a regulated firm or a firm wishing to become regulated, you will need to ensure you have a robust control plan and can conduct effective monitoring of controls. In this article, we will detail what a control plan is and the steps you can take to conduct effective control monitoring.
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February 21, 2025
Financial Promotions Under Scrutiny: FCA Doubles Down on Compliance Enforcement
The financial services landscape is witnessing unprecedented regulatory scrutiny, with the Financial Conduct Authority (FCA) significantly intensifying its oversight of financial promotions. In a striking development, nearly 20,000 financial promotions were withdrawn or amended in 2024—representing a dramatic doubling of regulatory interventions compared to the previous year.
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March 31, 2023
Horizon Scanning for Compliance Officers in UK Banking & Payment Services Sector: Key Strategies
Horizon scanning is a key component of this role, as it helps compliance officers stay informed of emerging trends, changes in regulations, and technological advancements that could impact their organization. In this article, we'll provide key strategies and best practices for successful horizon scanning in the UK banking and payment services sector.
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October 15, 2021
The FCA Register
As an institution with financial services activities, you are likely to require authorisation by the FCA.
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November 23, 2022
FCA's new rules on Appointed Representative Regime
Changes to the Appointed Representatives regimes will take effect from 08 December 2022. The final rules were published in the Financial Conduct Authority’s policy statement to improve the appointed representative's regime.
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May 21, 2021
Claims Management Phoenixing
The FCA has released its latest consultation paper affecting the Claims Management Industry.
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April 11, 2021
Claims Management Companies and High Cost Lenders
In a recent post, the FCA has released its views urging Claims Management Companies and High Cost Lenders to work better together
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November 10, 2024
Putting Customers First: Insights from the FCA's £10.9 Million Fine on TSB
Learn from TSB's FCA fine for failing to treat customers fairly. Discover how to align your firm's practices with regulatory expectations with MEMA Consultants.
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November 10, 2021
Regulatory considerations for Consumer Credit Firms
The FCA has set out new rules for claims management companies (CMCs) to protect consumers against excessive charges. Some of the major changes include:
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September 27, 2022
How to get FCA authorised (part 1)
We are launching a new How To series on 'How to get FCA authorised'. This will look to cover a range of key items your business should consider from the location of offices, expected fees to resourcing. We will start on the first few key areas covering
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April 11, 2021
Planning for FCA Authorisation
In this article, we briefly cover how long to expect when firms are submitting their applications for authorisations to the Financial Conduct Authority (FCA).
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