FCA brings Buy Now Pay Later under its regulation from July 2026

The FCA has confirmed the Buy Now Pay Later (BNPL) sector will now come under its regulation following a recent Government decision.   This will benefit BNPL borrowers with stronger protections from the 15th July 2026. BNPL firms are urged to register for temporary permissions between 1st May and 1st July 2026, after which they will have six months to apply for a full registration.   Like other FCA-regulated firms, BNPL providers will need to comply with the Consumer Duty to ensure consumers receive clear information about their payment agreements, proportionate affordability checks, support for customers […]

Building resilient governance at pace: Fast-growing digital-first banks

Scaling fast brings new expectations Challenger and digital banks have transformed the financial services landscape through innovation, speed and customer focus. But as these institutions scale, the challenge changes. Growth brings increased regulatory scrutiny, broader product sets and more complex operating models, all of which place greater pressure on governance and control frameworks.  The FCA and PRA expectations focused on risk management, conduct, financial crime and […]

75/25 Resourcing Model: A strategic necessity for financial services

In today’s rapidly evolving financial landscape, operational and compliance leaders are increasingly challenged to navigate ongoing regulatory changes while managing complex remediation projects, all whilst controlling costs and mitigating risks. Traditionally, firms have built large, permanent teams to address peak demands, but this approach is quickly becoming outdated, resulting in competitive disadvantages and strategic inflexibility.  Embracing strategic […]

Insurance edge: pure protection in focus

TCC Group (TCC, Momenta and Recordsure)  featured in Insurance Edge: Pure Protection in Focus – FCA Market Study Raises Regulatory Expectations for 2026 The FCA’s Pure Protection Market Study signals tougher expectations on fair value, commission transparency and customer outcomes. While improvements have been made in claims and coverage, the regulator remains concerned about protection gaps, commission-driven incentives, […]

AI in financial services: a turning point for regulators and firms

Commenting on the recent UK Parliament – Treasury Committee publication of the Artificial Intelligence in Financial Services report, Joe Norburn, CEO at TCC Group (TCC, Momenta and Recordsure), highlighted the growing regulatory and operational challenge posed by AI.   “The Treasury Select Committee’s latest report on AI in financial services delivers a stark warning to regulators and firms. AI is already shaping decisions across credit, insurance and customer services, yet […]

Watch on-demand: Sessions with our compliance experts

The best of our online sessions with experts ​ All our online sessions in one place – all you need to know about the latest changes in the regulatory landscape, top tips and best practice for financial services firms.   https://vimeo.com/1126121961 Redress roadmap- what the FCA’s new redress scheme means for you Explore what the FCA’s […]

AB Accounting: AML heat to rise

Accountancy firms should prepare for tougher anti money laundering and counter terrorism financing (AML/CTF) supervision as the FCA is set to take supervision from 23 professional body supervisors, bringing stricter enforcement, greater scrutiny and heavier compliance demands. The regulator’s data-led, risk-based approach will increase the depth and frequency of checks, with a strong focus on […]

Anti-money laundering (AML) under FCA: are accountancy firms ready for the new compliance era?

The anti-money laundering (AML) landscape is about to change dramatically for accountancy firms. With the FCA poised to take over AML and counter-terrorist financing (CTF) supervision from 23 professional body supervisors for the legal and accounting sectors, firms will face a new era of regulatory rigour under the single regulator.  Joe Norburn, CEO of TCC Group  (TCC, Momenta and Recordsure), shared his views on this “transformational” shift with […]