On 13 March 2024, there was published on legislation.gov.uk, The Economic Crime and Corporate Transparency Act 2023 (Commencement No 4) Regulations 2025.
These Regulations are the fourth commencement regulations made under the Economic Crime and Corporate Transparency Act 2023 (the Act).
Regulation 2 commences certain provisions in Parts 1 and 2 of the
On 14 March 2025, the FCA published Primary Market Bulletin (No 54) which includes commentary on strategic leaks and unlawful disclosure, enhancing the National Storage Mechanism and the recent Quarterly Consultation Paper (CP25/4).
On 14 March 2025, the Financial Conduct Authority (FCA) issued an Engagement Paper on contactless payment limits.
Background
The FCA currently set limits on the value and number of contactless payments that can be made before requiring authentication. Most banks and other payment service providers (PSPs) default to the regulatory limits
On 13 March 2025, HM Treasury (HMT) published its annual report for 2023 to 2024 on anti-money laundering and counter-terrorist financing (AML/CFT) supervision.
The report sets out information about the activities of AML/CFT supervisors between 6 April 2023 and 5 April 2024. AML/CFT supervisors are appointed by HMT to monitor the
On 13 March 2025, the Financial Conduct Authority (FCA) published two new webpages setting out information for firms applying for approval of an individual for a senior management function. One of the webpages explains how to apply for a senior management function (SMF) and the other sets out case studies showing
On 12 March 2025, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) provided an update on their diversity and inclusion plans in a joint statement on both the FCA and PRA websites.
The regulators confirmed that, following their 2023 consultations on proposed rules and expectations aimed at improving
On 11 March 2025, the Payment Systems Regulator (PSR) published a policy statement, PS25/3, on the publication of 2024 authorised push payment (APP) scams data.
Background
The PSR began collecting and publishing data on APP scams in March 2023, as part of its broader efforts to tackle fraud. It published
On 12 March 2025, the Government announced that it intends to abolish the Payment Systems Regulator (PSR), as part of its plan to reduce regulation.
Plans for the PSR
Under the plans, the PSR will mainly be consolidated into the Financial Conduct Authority (FCA), with the aim of making it easier
On 11 March 2025, the Financial Conduct Authority (FCA) published a statement setting out its position on its sustainability regulations and UK defence.
In the statement, the FCA emphasises that there is nothing in its rules, including those relating to sustainability, that prevents investment in or finance for defence companies. It explains
On 11 March 2025, the Financial Conduct Authority (FCA) published a statement on its next steps in relation to the motor finance review.
Background
The FCA is currently reviewing the past use of motor finance discretionary commission arrangements (DCAs), with the aim of understanding if firms failed to comply with