FCA and ASIC Sign Enhanced Cooperation Agreement for Fintech Innovation

[kreslik.news]

The UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission. Have signed an Enhanced Cooperation Agreement, with each side committing to a collaborative effort to promote Fintech innovation.

The countries already had a cooperative agreement in place, which was previously signed by the UK Chancellor of the Exchequer and the Australian Treasurer. The Enhanced Cooperation Agreement further extends the efforts to work together in the development of new technologies for the financial services sector.

More specifically, both regulators have agreed to expedite the process of innovative businesses obtaining licenses, when the requesting entity has already received regulatory ... (read more)