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FCA

The Financial Conduct Authority (FCA) is a financial regulatory body in the UK. Its role includes protecting consumers, keeping the industry stable, and promoting healthy competition between financial service providers. They do this by regulating the conduct of more than 59,000 businesses, supervising 49,000 firms and setting specific standards for 19,000 firms.

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FCA Regulatory Scalebox Workshop

In line with recommendations made in the Kalifa review​, the FCA has committed to introducing a new Regulatory Scalebox to ensure that high growth firms have the appropriate support and oversight. The FCA also committed to providing stronger regulatory oversight for newly authorised firms in its Business Plan​. As part of this commitment they are inviting Payments Association members to join them at one of their 2 virtual workshops running on 22nd and 29th September. These workshops will be particularly valuable for members that are either currently experiencing rapid growth and scale, have experienced this in the past, or are newly regulated. 

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