FCA launches fintech co-operation with Japan

Follows deal with Canada

clock • 2 min read

The Financial Conduct Authority (FCA) has entered into a cooperation agreement with its Japanese counterpart to support innovative fintech companies coming to market.

In an exchange of letters the regulators agreed on a regulatory referral system allowing businesses from Japan and the UK to enter the other's market.  The way the framework will work is for the regulator which receives the business referral, to provide support to the business by reducing regulatory uncertainty and the time it takes to enter the market. The regulators also plan to share information about financial services innovation in their own markets and further encourage innovation in both countries. FCA executive director of strategy and competition Christopher Woolard said: ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

FCA proposes reduction of data reporting for firms

FCA proposes reduction of data reporting for firms

Supports regulator’s aim to ‘reduce burden’

Isabel Baxter
clock 17 April 2025 • 2 min read
Christine Elliott departs as PFS chair

Christine Elliott departs as PFS chair

Carla Brown takes the role

Isabel Baxter
clock 15 April 2025 • 2 min read
FCA takes aim at bereavement and PoA policies

FCA takes aim at bereavement and PoA policies

Good and bad practices released

Cameron Roberts
clock 14 April 2025 • 3 min read