Chris Hurn

Oct 24, 2024 | lexology.com | Marina Reason |Clive Cunningham |Kelesi Blundell |Chris Hurn

The government has launched a fast-tracked consultation to "act urgently" in introducing new rules to regulate Buy-Now, Pay-Later productsHM Treasury has published a consultation to bring Buy Now, Pay Later (BNPL) firms within the scope of FCA regulation. This has been a long time coming, with HM Treasury having already consulted twice on changes to the rules surrounding BNPL.

Nov 27, 2023 | law360.com | Marina Reason |Chris Hurn

ADVERTISEMENT Don't want ads? Subscribe or login now. By Marina Reason and Chris Hurn (November 27, 2023, 12:03 PM GMT) -- The U.K. Financial Conduct Authority overhauled its rules for firms promoting high-risk investments to retail clients in August 2022,[1] with the changes coming into effect in phases on Dec. 1, 2022, and Feb. 1 this year.

May 1, 2023 | jdsupra.com | Chris Hurn |Joshua Kaplan

The UK is widely regarded as a global leader in Open Banking, and regulators and industry participants believe there is strong potential to build on that success. Regulatory efforts on that front are led by Joint Regulatory Oversight Committee (the JROC), which was created in March 2022 to design and oversee the development of Open Banking in the UK. The JROC comprises the Financial Conduct Authority, the Payment Systems Regulator, HM Treasury, and the Competition and Markets Authority (the CMA).

Apr 5, 2023 | jdsupra.com | Chris Hurn |Joshua Kaplan

Much is written about revolutionary developments in payments, but the reality of progress in such a complex area is that it is often evolutionary. Legislators, regulators, and industry have been working incrementally to streamline the movement of money with the potential for profound effects beginning to emerge.

Mar 20, 2023 | jdsupra.com | Chris Hurn |Joshua Kaplan

March 20, 2023 To embed, copy and paste the code into your website or blog: On March 16, 2023, the UK Financial Conduct Authority (the FCA) published a letter1to the CEOs of UK electronic money and payment institutions (payments firms) setting out the FCA’s current priorities for the UK payments sector.