The following Financial Services guidance note provides comprehensive and up to date legal information covering:
This year’s annual round-up reviews some of the most significant 2017 developments relating to the regulation financial innovations (Fintech) and cryptocurrencies and previews what is on the horizon for 2018. The review includes a look back at HM Treasury’s Regulatory Innovation Plan and discusses the work carried out by the Financial Conduct Authority (FCA) in relation to Project Innovate and its regulatory sandbox. 2017 also saw the launch of the Bank of England’s (BoE) Fintech Accelerator—a new community, which brought fintech-related organisations together to engage with the BoE. In relation to cryptocurrencies, 2017 also saw the rise of the initial coin offering (ie issuance of crypto tokens). Also included are updates on LexisNexis®’s content, including news of developments from the past year and what is coming up in the next 12 months.
Following an April 2016 consultation in April 2017, HM Treasury published its Regulatory Innovation Plan.
The innovation plan covers:
the work of the financial services regulators, namely the FCA, the Payment Systems Regulator (PSR), the Prudential Regulation Authority (PRA) and the wider Bank of England
how financial services regulators are adapting and encouraging new technologies and disruptive business models, and better utilising new technologies to reduce regulatory burdens on business
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