January 28, 2022
Vulnerable customers – understanding and meeting the FCA’s guidelines
Fair treatment of vulnerable customers has been a longstanding concern for the FCA . The FCA has released the Finalised Guidance (FG21/1). It sets out its view of what firms should do to comply with their obligations under the Principles and ensure they treat vulnerable customers fairly.
Read MoreJanuary 7, 2022
FCA Fee Cap on CMCs
You will be aware that the FCA’s price cap is coming into existence on 1 March 2022. As a quick primer, this means there will now be five redress bands with a maximum fee charged per band.
Read MoreDecember 6, 2021
Funeral plans come under FCA regulation July 2022
The FCA has confirmed that from 29 July 2022, it will take on responsibility for regulating and supervising the pre-paid funeral plans market.
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Funeral Planning
November 10, 2021
Regulatory considerations for Consumer Credit Firms
The FCA has set out new rules for claims management companies (CMCs) to protect consumers against excessive charges. Some of the major changes include:
Read MoreOctober 19, 2021
Regulatory considerations for Consumer Credit Firms
The FCA's Director of Consumer and Retail Policy has recently provided its view on where changes are required in the Consumer Credit market.
Read MoreOctober 15, 2021
The FCA Register
As an institution with financial services activities, you are likely to require authorisation by the FCA.
Read MoreOctober 12, 2021
Understanding the Regulatory Landscape
At MEMA, in discussions with our customers (current and prospective) we identified a common theme, understanding the regulatory landscape is problematic and requires clearer descriptions aid understanding.
Read MoreJuly 28, 2021
Anti Money Laundering warnings
The Financial Conduct Authority (FCA) issued a warning to retail banks in May 2021 (made public on 29 June) over continued weaknesses and failings surrounding their financial crime controls.
Read MoreJuly 26, 2021
Regulation of the funeral plan market
On 5 July 2021, the Financial Conduct Authority (FCA) launched a consultation (CP21/20) on its proposals for regulating the pre-paid funeral plan sector. This is part of an extensive regulatory change in the pre-paid funeral plan market. Under the proposals, the FCA will take over regulation from the Funeral Planning Authority (FPA) on the 29th July 2022.
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