UK:
FCA Call For Input On Innovation In Digital And Mobile Solutions In Financial Services
03 July 2015
Shearman & Sterling LLP
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On June 17, 2015, the Financial Conduct Authority issued a call
for input, asking two specific questions on digital and mobile
solutions for financial services, so that it may obtain market
views on: (i) specific UK or EU rules and policies that may
currently restrict the development of new and innovative products;
and (ii) rules and policies that should be introduced to facilitate
innovation in this field. The FCA is asking for specific examples,
taking into account both UK and EU perspectives. The call for input
also provides a summary on the FCA's considerations related to
the digital and mobile space to date, such as the demand for the
regulation of digital currencies and concerns about regulatory
requirements creating lengthy customer terms and conditions that
are deemed not to be appropriate for digital and mobile solutions.
Responses to the Call for input are due by September 7, 2015.
The call for input is available at: http://www.fca.org.uk/your-fca/documents/call-for-input-regulatory-barriers-to-innovation-in-digital-and-mobile-solutions-.
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