Financial Conduct Authority

Financial Conduct Authority is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry.

Source: fca.org.uk

UK’s FCA Proposes Removing Contactless Limit to Allow ‘Greater Flexibility’
UK’s FCA Proposes Removing Contactless Limit to Allow ‘Greater Flexibility’
January 22, 2025  |  Legal & Regulation

The U.K.’s Financial Conduct Authority may remove the 100-pound (about $123) contactless limit and “set new digital service standards” as part of its efforts to...

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UK BNPL Volumes Jump Nearly 20% Amid Increased Scrutiny
UK BNPL Volumes Jump Nearly 20% Amid Increased Scrutiny
January 16, 2025  |  BNPL

British consumers are increasingly embracing buy now, pay later (BNPL) plans amid increasing government scrutiny. Activity in the sector climbed to around $27 billion in...

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Neobanks Navigate SMB Market Potential and Regulatory Risks
Neobanks Navigate SMB Market Potential and Regulatory Risks
January 13, 2025  |  SMBs

Neobanks have gained momentum with the promise of helping consumers shift their financial lives fully online — with digital onboarding, speedier account openings and competitive...

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Report: Shein Could Launch IPO in London in April
Report: Shein Could Launch IPO in London in April
January 09, 2025  |  IPO

Fast-fashion retailer Shein Group reportedly plans to launch its initial public offering (IPO) in London by the middle of the year. Subject to regulatory approvals,...

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UK Financial Authorities to Improve Cooperation on National Payments Vision
UK Financial Authorities to Improve Cooperation on National Payments Vision
December 23, 2024  |  Legal & Regulation

Four financial authorities in the United Kingdom said they are working to improve their cooperation and will revise their agreement as the government pursues its...

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UK’s FCA Seeks Comment on Proposed Cryptocurrency Regulations
UK’s FCA Seeks Comment on Proposed Cryptocurrency Regulations
December 16, 2024  |  Cryptocurrency

The United Kingdom’s Financial Conduct Authority is seeking public comment on its plans to improve the transparency of the country’s cryptocurrency markets. The FCA’s request...

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Newly Flush With Capital, Challenger Banks Face New Challenges
Newly Flush With Capital, Challenger Banks Face New Challenges
December 10, 2024  |  Cybersecurity

A wave of funding rounds over the past several months is giving challenger banks fresh financial firepower to position themselves as alternatives to traditional banks,...

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Lawsuit Alleges UK’s FCA Unfairly Excluded Some Businesses From Compensation
Lawsuit Alleges UK’s FCA Unfairly Excluded Some Businesses From Compensation
December 10, 2024  |  Legal & Regulation

A lawsuit in the United Kingdom alleges that the country’s Financial Conduct Authority (FCA) unfairly “shut out” some small businesses when compensating customers who were...

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FCA Chief Appears to Pave Way for Shein UK IPO
FCA Chief Appears to Pave Way for Shein UK IPO
December 03, 2024  |  IPO

Great Britain’s financial regulator has reportedly opened the door for Shein to go public there. While not mentioning the eCommerce retailer by name, Nikhil Rathi, chief executive of...

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