Articles

Search Filters

Advanced Search Advanced Search
Date range:

Showing 91 - 100 of 1888 matches

  • Consumer credit information sheets updated by FCA

    03/06/2021
    The FCA has published revised consumer credit information sheets on its webpage. In accordance with section 86A of the Consumer Credit Act 1974, lenders are required to include a copy of the relevant information sheet when notifying a consumer that they are in arrears or default. The sheets have been ...
  • Back to the drawing board for Amigo: FCA succeeds in challenging its proposed Scheme of Arrangement

    27/05/2021
    The Court (Mr Justice Miles) has refused to sanction a scheme of arrangement (the “Scheme”) between ALL Scheme Limited (the “Company”) and its creditors. The Company is an entity within the Amigo group of companies (the “Group”). The Group is the provider of “guarantor loans”, offering credit to those who ...
  • FCA publishes ‘CP21/23: A new “Consumer Duty”’ (owed by financial services firms)

    17/05/2021
    On 14 May 2021, the Financial Conduct Authority published ‘CP21/13: A new Consumer Duty’, its consultation on introducing a new “Consumer Duty” for financial services firms dealing with consumers. The Consumer Duty proposed in this new consultation would relate to products and services sold to “retail clients” (a very wide ...
  • Regzone Webinar Series

    13/05/2021
    Webinars available on demand: This page contains recordings of CMS webinars, available to view on demand. Webinars are a convenient way to stay informed and hear from our legal experts. CMS Fintech Bytes Listen to all episodes here. Future of Finance in CEE: Impact of Brexit on finance transactions in ...
  • Has the Chancellor introduced enough new developments to make a difference to the FinTech sector? (Part 2 of 2)

    12/05/2021
    In his keynote speech opening London FinTech Week, the Chancellor of the Exchequer, Rishi Sunak, announced a series of new policy developments relating to FinTech. In particular: the launch of a new FCA ‘scale box’ and Centre for Finance, Innovation and Technology (“CFIT”); and new initiatives relating to the UK’s ...
  • Wide range of new initiatives announced for UK FinTech by Chancellor (Part 1 of 2)

    10/05/2021
    On 19 April 2021, during his opening keynote speech at a launch event for FinTech Week, the Chancellor of the Exchequer, Rishi Sunak, announced new proposals for UK FinTech, as follows: A new FCA ‘scale box’ and Centre for Finance, Innovation and Technology (“CFIT”) would be launched; A new Central ...
  • Default Notices for Consumer Credit Agreements: Have you made the changes?

    07/05/2021
    Firms are reminded that the required amendments to default notices must be made by 2 June 2021. The Consumer Credit (Enforcement, Default and Termination Notices) (Coronavirus) (Amendment) Regulations 2020 (“Amending Regulations”) came into force on 2 December 2020 and the 6-month transitional period firms were granted to apply these changes ...
  • A look of disapproval: the FCA’s new discussion paper on financial promotions rules for high-risk investments and firms approving financial promotions

    06/05/2021
    On 29 April 2021, the Financial Conduct Authority (“FCA”) published a Discussion Paper DP21/1 concerning the proposed strengthening of the financial promotion rules for high-risk investments and firms approving financial promotions (the “Discussion Paper”). The Discussion Paper relates to: the FCA’s classification of high-risk investments; further segmentation of the high-risk ...
  • Consumer credit firms: changes to SECCI imminent

    05/05/2021
    As previously reported, consumer credit firms must make changes to their pre-contract consumer credit information forms. These changes are now imminent and must be made from 1 June 2021. Which firms are affected? Firms subject to regulations 8, 10 and 11 of the Consumer Credit (Disclosure of Information) Regulations 2010 ...
  • The FCA and PRA ask banks to review their arrangements with deposit aggregators

    14/04/2021
    On 14 April 2021, the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) sent a “Dear CEO Letter” to the chief executive officers of banks and building societies regarding the use of deposit aggregators and how to mitigate some of the key risks (link). However, the regulators were also ...