March 7, 2025
Navigating the UK Crypto Landscape: Key Definitions and Regulatory Overview
The United Kingdom has a rapidly evolving crypto market with growing consumer interest. Yet, despite increased adoption, many crypto businesses and investors remain uncertain about the rules governing this space.
Read MoreFebruary 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 In a striking development, nearly 20,000 financial promotions were withdrawn or amended in 2024—representing a dramatic doubling of regulatory interventions compared to the previous year.
Read MoreFebruary 20, 2025
FCA Announces Payment Services Authorisation Information Sessions
The FCA Payment Services Authorisation Information Session will take place on 9 May 2025 in Stratford, with a virtual session in June. This event is essential for payments and e-money firms seeking FCA authorisation, as well as advisory firms supporting the sector.
Read MoreJanuary 23, 2025
FCA Announces Significant Changes to Authorisation Process - January 2025 Update from MEMA Consultants
In a landmark announcement, the Financial Conduct Authority (FCA) has unveiled substantial changes to its authorisation process, demonstrating a clear commitment to supporting growth in the UK financial services sector. As your trusted regulatory partner, MEMA Consultants brings you a detailed analysis of these important developments.
Read MoreNovember 19, 2024
Preparing for Change: The UK's Move to Regulate 'Buy Now, Pay Later' Lenders
Understand the UK's proposed regulation of 'Buy Now, Pay Later' lenders and what financial firms need to prepare for. Insights from MEMA Consultants.
Read MoreNovember 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.
Read MoreNovember 10, 2024
The Importance of Timely Disclosure: Lessons from the FCA's £350,000 Fine on Wise CEO
Discover how Wise CEO Kristo Käärmann's failure to notify the FCA of significant tax issues led to a substantial fine. Learn key compliance lessons for financial firms from MEMA Consultants.
Read MoreApril 25, 2024
Improving Oversight of Appointed Representatives in the Credit Broking Industry Introduction
The Financial Conduct Authority (FCA) has recently assessed the key harms and drivers of harm caused by Appointed Representatives (ARs) and Introducer Appointed Representatives (IARs) in the credit broking sector. The regulator has identified areas for improvement in the due diligence checks conducted by principal firms when appointing ARs and in their ongoing monitoring of these representatives. This article will discuss the issues identified by the FCA and how firms can address these concerns to ensure better oversight of their ARs and IARs.
Read MoreFebruary 12, 2024
Financial crime poses significant threats that undermine market integrity and public trust
Financial crime undermines market integrity and public trust, prompting the FCA's 3-year strategy. MEMA advises firms to use tech, collaborate, educate, strengthen compliance, foster responsibility, and support AML reform. For assistance, contact MEMA's experts.
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