January’s policy updates focus on the upcoming Financial Services and Markets Bill second reading in the House of Lords. Riccardo Tordera, Head of Policy, speaks with Gareth Jones, Director of SEC Newgate UK.
Gareth has provided UK public affairs advice and support for over a decade, engaging audiences in Westminster and Whitehall and supporting a range of public policy, legislative and regulatory issues.
While there are necessary and sensible measures in the bill, Gareth highlights some concerns around proposals requiring companies offering crypto assets to have FSMA authorisation which will restrict the marketing and advertising of crypto products for payments firms and fintech businesses.
For more information or if you wish to contribute to our policy work, please email Riccardo.Tordera@thepaymentsassociation.org.