The UK’s Financial Conduct Authority published on 9 April 2018 its Business Plan 2018/19, a wide-ranging document detailing the areas of work the regulator will focus on over the coming financial year. The FCA’s priorities include the delivery of the revised Payment Services Directive and a number of measures around anti-money laundering and tackling financial crime including raising awareness of fraud and scams through the FCA’s ScamSmart communications campaign and publishing its findings in regard to money laundering in the e-money sector.

Under the heading of ‘Innovation, big data, technology and competition,’ the FCA has announced inter alia that it intends to publish new crowdfunding rules for consultation in 2018, as the latest step in its work to further refine the UK’s crowdfunding regime to address areas of concern. The FCA is also moving forward with its previously mooted global regulatory sandbox, noting in the Plan that it now intends to work with interested regulators in order to develop a blueprint.

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