February 16, 2023
Consumer Credit Reforms - Are they long overdue?
The Consumer Credit Act 1974 (CCA) is a significant piece of legislation that regulates credit agreements, such as personal loans, overdrafts, and credit card purchases. However, the CCA has undergone numerous changes over the years, resulting in a fragmented and complex consumer credit framework that is difficult to navigate.
Read MoreFebruary 6, 2023
5 Steps for Conducting Effective Compliance Control Monitoring for Financial Firms
Compliance control monitoring is a crucial aspect of maintaining regulatory compliance for financial firms. The Financial Conduct Authority (FCA) requires firms to have robust controls and monitoring systems in place, and it is up to individual firms to implement these measures effectively. In this article, we will discuss the steps that firms can take to conduct compliance control monitoring.
Read MoreJanuary 20, 2023
FCA's Portfolio Strategy on Claims Management Companies: A Detailed Compliance Guide for CMC Firms
The Financial Conduct Authority (FCA) recently released its Portfolio Strategy on Claims Management Companies (CMCs) outlining its approach to regulating this sector and identifying key risks.
Read MoreJanuary 16, 2023
What are the FCA financial promotions and what internal controls should you set up
A financial promotion is any advertisement, communication, or other material that promotes a financial product or service. Financial promotions can take many forms, including print and online advertisements, marketing emails, social media posts, and sales presentations.
Read MoreAll Posts
FCA
Authorisation
January 9, 2023
What are the FCA Fit & Proper Requirements and Conduct rules?
Following on from our previous article about the Senior Manager regime, we provide more detail about the FCA Fit & Proper Requirements and Conduct rules.
Read MoreAll Posts
FCA
Authorisation
December 29, 2022
What is the Appointed Representative Regime?
In this series of articles, MEMA will break down what is the Appointed Representative Regime and what steps your organsiation will need to take.
Read MoreDecember 19, 2022
What is the Senior Managers & Certification Regime ?
The Senior Managers and Certification Regime (SM&CR) replaces the Approved Persons Regime (APR) which is how the FCA used to regulate people working in financial services.
Read MoreDecember 12, 2022
What is the FCA Consumer Duty and how does it affect your firm?
The FCA Consumer duty is a key principle of the regulatory framework that governs the financial sector in the UK. This principle requires financial firms to always act in the best interests of their customers and to put the interests of consumers first when carrying out their activities.
Read MoreAll Posts
FCA
Consumer Duty
December 7, 2022
Are you aware of the FCA rules to protect consumers from rogue financial promotions
Did you know that the FCA has published a consultation paper and press release setting out how it proposes to operate a new authorisations gateway for firms wanting to continue approving financial promotions for unauthorised persons.
Read More
.png)