Regulatory AlertsFS21/7: Open finance – feedback statement
The UK Financial Conduct Authority issued this feedback statement summarizing responses to its December 2019 Call for Input on open finance opportunities and risks. The document outlines key themes including regulatory frameworks, common standards, and draft principles while identifying relevant stakeholders such as banks, insurers, and fintech businesses. The regulator commits to supporting government legislation on open finance by sharing lessons from open banking, developing industry roadmaps, and assessing necessary regulatory requirements.
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