The Financial Conduct Authority (fca) has recently published concluding statement with regards to caps on leverage, marketing restrictions, and mandatory risk warnings of contracts for difference (CFDs) and CFD-like options sold to retail clients. The British regulator announced that its rules will be permanent. It is worth noting, that aforesaid regulations, that will be introduced next month...
Path: BlogThe UK's Financial Conduct Authority (fca) is putting forward restrictions on the sale, marketing and distribution of derivatives such as CFDs, options and futures, as well as exchange-traded notes (ETNs) linked to "unregulated transferable cryptoassets".The aforesaid restrictions shall apply to all retail consumers and firms operating or based within the country. The regulator describes these a...
Path: Blog**The UK Financial Conduct Authority (fca) has recently published the final version of guidelines specifying crypto asset activities that fall under fca regulation.** Major part of these recently released guidelines was previously already propositioned in a consultation paper CP19, released in January. As it may be expected, the final guidelines do not significantly change the regulatory grou...
Path: BlogMany payments industry professionals have recently started complaining about the fca becoming stricter. The fca, the UK financial services watchdog, was established in 2013 and assumed the responsibility for the conduct and relevant prudential regulation from the Financial Services Authority, in his best interest to discover in time anyone who poses a financial threat to Great Britain. Because ...
Path: Blog...ing to cryptocurrencies are not regulated. Investors in “Initial coin offerings” run the risk of losing all their financial assets without any recourse to the **Financial Services Compensation Scheme** (FSCS), warned Financial Conduct Authority (fca) in September 2017. The report also refers to the reasons for an active involvement of individuals in crypto investing. Among many appeal aspe...
Path: BlogThe fca’s rules are permanent and are in force as of 2 April 2019. In July 2018, the **fca enforced a temporary ban on trading binary options for the retail segment. As was expected, this restriction will now remain permanent in force.** This decision, adopted by the regulator, did not come as a big surprise to market participants. The fca’s rules, in general, are the same as the Europe...
Path: Blog...lans regarding the permanent binary options prohibition measures at the end of November 2018. And what is more interesting, the German regulator is not the only one introducing national measures. **United Kingdom’s Financial Conduct Authority (fca) has recently adopted the rules that will be used in order to regulate the retail trading industry, relating to contracts for difference (CFDs).**...
Path: Blog...ion of the above-mentioned document discloses the government plans on cryptocurrency businesses. They intent to take action to ensure cryptocurrencies are not used for money laundering and other illegal activities. The Financial Conduct Authority (fca), the country’s financial regulator, will supervise the regulations, meaning it will introduce and maintain a sufficient AML regime for cryptocu...
Path: Blog...ble to transfer, deal, withdraw, deposit their funds, or use their ePayments cards. According to ePayments Systems, the operations had been suspended due to weaknesses in the company’s anti-money laundering procedures. It was reported that the fca (Financial Conduct Authority) detected a loophole in the ePayments system that may be used by criminals to their advantage bypassing the regulatio...
Path: Blog...arrangements with the EU to get access to the infrastructure as soon as possible, which would involve rerouting transactions, indirect memberships via EU branches, Nostro setups, reviewing charging models, etc. Relating payment making process the fca has published information that, currently, banks and PSPs do not need to provide the name and address of the payer when making intra-EEA payments....
Path: Blog...tims for bitcoin. It reports that non-crypto schemes have managed to scam around £800,000 so far. Crypto currency related scams have forced many countries to issue investment scam warnings of their own. The UK’s Financial Conduct Authority (fca) has warned investors to avoid coronavirus-related cryptocurrency schemes that may seem too good to be true. “These scams take many forms and co...
Path: Blog...and security systems were tested as hackers tried to take advantage of many employees working from home.**These changes have strongly impacted regulations, but the question is whether the authorities across the world will adjust to these changes. fca (Financial Conduct Authority) has announced that they will capture the lessons from this emergency, but they also need to review entire system, fr...
Path: BlogLast week **Archax - institutional-grade exchange for trading asset-backed tokens (digital securities, security tokens, etc.), announced becoming Financial Conduct Authority (fca) regulated digital securities exchange and custodian in the UK**. Archax has also become the first company to receive crypto-asset registration from the UK regulator, making it a fully compliant Virtual Asset Service Pro...
Path: Blog...ges and implications which up to now have not been feasible, have appeared and caused many EMIs in regulatory uncertainty. 6 AMLD, which should come into practice in December, will not be implemented in the UK. As the Financial Conduct Authority (fca) will not be considered as a part of the European Securities and Market Authority (ESMA) post Brexit, there is not a mandatory obligation for the ...
Path: Blog...bmit their trades/transactions for EMIR, MiFIR and SFTR to an ARM and TR. TRs are authorised by ESMA at an EU level. ARMs are authorised by the local National Competent Authority. However, any TR or ARM authorised by the Financial Conduct Authority (fca) or established in the UK will no longer be part of the EU from 1 January 2021 and ESMA confirmed. In this case UK based TR or ARM will not be...
Path: Blog...t complies with the legislation of the United Kingdom.Timeframe: up to a month Overview The UK is a great choice for Crypto Exchange setups due to the absence of any specific regulation introduced by the Financial Conduct Authority or fca. However, it is highly recommended that Crypto Exchange Companies completed an analysis of their planned activity in order to clarify whether the ...
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