FCA shares new proposals for simplifying insurance and funeral plan requirements
The Financial Conduct Authority (FCA) has set out further proposals for simplifying insurance and funeral plan requirements while maintaining appropriate consumer protection. The plans are part of wider efforts to streamline rules and reduce complexity for firms, and follow final rules published in December last year. In a consultation running until 4 September, the FCA is […]
Landmark crypto standards introduced
Firms supporting people to buy, trade and hold crypto will need to meet clear standards under landmark rules set out by the Financial Conduct Authority (FCA). All firms must meet financial resilience requirements including capital and stress testing. The FCA is also introducing new market integrity rules covering areas such as insider trading and market manipulation. The new framework also sets out specific rules for stablecoins, a type of cryptoasset designed to maintain a stable value, typically by being […]