Fintech and Payments UK and EU Regulatory Timeline 2021
Our interactive timeline outlines a selection of key fintech and payments events in 2021. Please note that the timeline is indicative and subject to change.
Fintech and Payments Regulatory Timeline 2021
What to expect in fintech and payments: key dates and publications for 2021
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January 2021
Digital assets
- Treasury launches consultation and call for evidence on cryptoassets and stablecoins
- FCA ban on retail crypto derivatives takes effect
Insurtech
Payments
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February 2021
Fintech
Operational resilience
Payments
- PSR launches call for views on authorised push payment (APP) scams
- PSR launches call for views on consumer protection in interbank payments
- PSR launches consultation on New Payments Architecture
- Woolard Review recommends regulating buy-now pay-later in the UK
Regtech
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March 2021
AI
Fintech
- FCA shares feedback on Open Finance Call for Input
- Law Commission call for evidence on smart contracts closes
- UK Digital Regulation Cooperation Forum publishes workplan for 2021/22
Operational resilience
Digital assets
Payments
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April 2021
AI
Challenger banks
- PRA finalises approach to new and growing banks
- PRA opens discussion paper on a new prudential framework for smaller firms
Fintech
- FCA confirms extension of Annual Financial Crime Reporting Obligation to some fintech and payment firms
- FCA evaluates digital sandbox pilot
- Law Commission launches call for evidence on digital assets
- Law Commission opens consultation on electronic trade documents
- UK announces new “regulatory nursery” to help fintechs scale
Payments
- Deadline for responding to PSR call for views on APP scams
- Deadline for responding to PSR call for views on consumer protection in interbank payments
- Bank of England publishes new omnibus accounts access policy
- Treasury shares feedback to consultation on insolvency changes for payment and e-money institutions
- Draft Payment and Electronic Money Institution Insolvency Regulations 2021 laid before Parliament
- PSR consultation on Interchange Fee Regulation guidance opens
- UK Financial Services Bill enacted
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May 2021
Digital assets
Fintech
- DRCF publishes policy paper on regulatory approaches across digital services
- ESMA calls for evidence on digital finance
- FCA opens consultation on new Consumer Duty
- Financial Services Act 2021 becomes law
Payments
- FCA Dear CEO letter tells e-money firms to explain to customers how their money is protected
- FCA extends SCA deadline for e-commerce transactions
- Final part of PSR consultation on New Payments Architecture closes
- PSR consultation on IFR guidance closes
- PSR opens call for views on Phase 2 Confirmation of Payee
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June 2021
CBDCs
Digital assets
- FCA issues consumer warning on Binance Markets Limited and the Binance Group
- BCBS publishes proposals on the prudential regulatory treatment of cryptoassets
- FCA extends temporary registration regime for cryptoasset businesses
Fintech
- Bank of England and BIS launch Innovation Hub in London
- FCA-commissioned report on AI in financial services released by Alan Turing Institute
Payments
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October 2021
Payments
- HM Treasury consults on regulation of buy-now, pay-later
- FCA Perimeter Report recommends extending SMCR to payments firms
- HM Treasury publishes outcome of Payments Landscape Review
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November 2021
CBDCs
Fintech
- EU Crowdfunding Regulation starts to apply
Payments
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