02/08/2023

Addleshaw Goddard: Financial Services & Banking News

The most recent statement confirms that the FCA will publish its final rules for cryptoasset promotions once the relevant legislation has been made, and that it expects to take a consistent approach to cryptoassets to that taken in its new rules for other

02/08/2023

The Bank of London scores $40 million Series C extension

The Bank of London operates on three fronts: taking on established banks in the market for clearing and settlement; delivering transactions banking services for the corporate market; and fielding a banking-as-a-service offfering for companies wanting to e

02/08/2023

Addleshaw Goddard: Financial Services & Banking News

As opposed to crypto assets and stable coins, a digital pound would be issued and controlled by a central bank, rather than by the private sector, meaning it would sit alongside cash rather than replacing it.

02/03/2023

Financial Services & Banking News

The FCA consultation also sets out new perimeter guidance to clarify when the regulated activity of debt counselling could be being carried out by unauthorised lead generators.

02/03/2023

FCA clamps down on financial promotions

The Financial Conduct Authority (FCA) required authorised firms to amend or remove 8,582 promotions during 2022. That is 14 times more than 2021, a report published today (3 February) shows. In 2021, the regulator required authorised firms to amend or r

02/03/2023

FCA cracks down on fraudulent promotions

The UK regulator aims to instate harsher limitations for financial promotions to deter unauthorised ‘fin-fluencers’ that are taking advantage of consumers.