UK and Canadian regulations relax for fintechs

As part of the new agreement between the UK Financial Conduct Authority (FCA) and Ontario Securities Commission (OSC), regulatory restrictions have been loosened to help fintechs expand into each other’s markets.

Regulation compliance has been a big hurdle for many start-ups within the financial services, yet through a greater share of information between these two governing bodies, fintechs should be better supported for growth. The partnership between the UK and Canada aims to share information on financial trends, innovations and regulatory problems to support fintechs to grow into successful companies. 

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