RSS Blog Updates From cointelegraph
RSS Blog Updates From FCA
  • FCA calls on insurers to take action as it publishes latest fair value data
    The FCA has written to insurers warning that more action must be taken to ensure good consumer outcomes. In letters sent to all insurance firms, the regulator reminded them of its expectations to make sure they’re checking their products are providing fair value to their customers. The FCA also identified further evidence that some Guaranteed […]
  • FCA launches review of treatment of Politically Exposed Persons
    The FCA has today set out issues it will consider as part of a review of the treatment of domestic Politically Exposed Persons (PEPs) by financial services firms. The FCA’s review will look carefully at firms’ arrangements for dealing with PEPs based in the UK. While the FCA cannot change the law putting in place […]
  • FCA sets out expectations for UK cryptoasset businesses complying with the Travel Rule
    We are setting out our expectations for cryptoasset businesses that need to comply with a change in money laundering legislation legislated by government in July 2022. From 1 September 2023, cryptoasset businesses in the UK will be required to collect, verify and share information about cryptoasset transfers, known as the ‘Travel Rule’. The Financial Action […]
  • Financial Services & Markets Act 2023 gives FCA new powers to protect access to cash
    FCA’s new powers are an important step towards maintaining reasonable provision of cash deposit and withdrawal services. Through the Financial Services & Markets Act 2023, Parliament has asked the FCA to seek to ensure reasonable provision of cash deposit and withdrawal services for personal and business current accounts in the UK or part of the […]
  • Verex Insurance Services Limited enters administration
    On 18 August 2023 Verex Insurance Services Limited entered administration. Gary Pettit of PBC Business Recovery and Insolvency Ltd was appointed as administrator. Verex Insurance Services Limited (Verex) is an insurance broker that sold motor insurance products from a range of insurers. The Directors of the company applied to place the firm in administration. One […]