Webinar: FCA And DFSA Regulations For Payment Firm Expansion

Those firms looking to expand into new jurisdictions need to comply with strict regulatory standards and meet specific operational requirements to obtain authorisation.  

In this free webinar, we explored the similarities and differences between two major regulatory bodies, the Financial Conduct Authority (FCA) in the UK and the Dubai Financial Services Authority (DFSA) in the UAE.  

This webinar will aim to help those Payment Services firms – e-money providers, EMIs, AISPs and PISPs and other types of firms in the payment space, looking to grow and expand cross borders to understand the requirements in doing so. 

During this session, experts from Thistle Initiatives in the UK and Clarity Consulting Solutions in Dubai discussed the requirements firms will face when operating in the UK and UAE. We also clarified the key points firms in the payment services space need to be aware of and the steps they need to take in obtaining authorisation.   

WATCH HERE

Agenda

We covered the following topics as part of this Q&A discussion: 

Thistle Initiatives

• Overview of the FCA’s approach to UK firms and pre-application considerations
• Application process and requirements
• Post submission and potential requests from the FCA

Clarity Consulting

• Overview of the DIFC and the DFSA’s framework for payment services 
• Market entry & application process  
• Regulatory Requirements 

Speakers 

Jessica Cath - Head of Financial Crime (Thistle Initiatives)

Lorraine Mouat - Head of Payment Services (Thistle Initiatives)

Barry Cotter - Partner (Clarity Consulting)

Sarah Smith - Consultant (Clarity Consulting)

About Clarity Consulting 

Clarity was created in August 2020 to fill the gap in the market for premium compliance services delivery. Founded by two senior consultants eager to escape the corporate compliance world, Clarity is all about bringing passion and energy to an area which is frequently underestimated or ignored. 

Clarity understands that appropriate compliance controls are fundamental to the smooth-running of a company’s entire operation. Holding respect for that fact at the heart of everything we do means your interests are protected. Trust Clarity to help you lay the right foundation so your business can shine. 

For more information and to organise a free consultation, you can reach us on +971 4 439 6761 or by email at hello@claritysolutions.ae. 

How can we help you?

For more information about the event and how we can help you, please contact our specialist team now to schedule a free consultation. Get in touch with us by calling 020 7436 0630 or email info@thistleinitiatives.co.uk.