FCA launches fintech co-operation with Japan

Follows deal with Canada

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FCA launches fintech co-operation with Japan

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...

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