UK FOS overhaul is not a retreat from the politics of redress. It is a repositioning.
UK Financial Ombudsman Service
The reforms are set to return the FOS to its original role as an impartial dispute resolution service; we look at stakeholder reaction.
Implications for principals and ARs.
Pathlight Associates examine the evolving risk landscape for banks and payment service providers (PSPs) as romance fraud reaches epidemic proportions.
By using the tool and checking if a firm is authorized, people can significantly reduce their chances of falling victim to fraud.
The FCA plans to extend the High-Level Standards in the FCA Handbook to cryptoasset firms in line with FSMA-authorized entities.
Under the proposals, all firms wishing to carry out regulated cryptoasset activities will be required to obtain FCA authorization.
HMT is proposing a regulatory gateway requiring authorized firms acting as principals to ARs to have specific FCA permission.