Bethan Poole
Bethan is a Managing Associate in the Financial Regulation Group at Linklaters. She is experienced in advising a broad range of clients including banks, asset managers, financial market infrastructures and other financial institutions on advisory and contentious financial regulatory matters.
Bethan advises on a range of regulatory matters, including sustainable finance and the implementation of EU SFDR, the EU Taxonomy, CSRD and UK TCFD reporting. Bethan is also experienced in advising on governance issues, SMCR, MiFID II, licensing and perimeter issues and market abuse issues.
Bethan has significant experience advising e-money issuers, cryptoasset businesses and other fintechs on a wide range of issues including registration and authorisation, conduct of business requirements and compliance with the UK anti-money laundering regime.
Practice Area
Panel
- Contributing Author
Qualified Year
- 2019
Qualifications
- University of Law (LPC) (2017)
- University of Oxford (Jurisprudence BA) (2015)
Education
- University of Law (LPC) (2016-2017)
- University of Oxford (2012-2015)
1 Contributions by Bethan Poole
PRACTICE NOTES
FCA Consumer Duty (UK) for Payments and e-money Firms: Scope, Distribution Chains, Cross-cutting Rules, Four Outcomes, and 2024-2025 Supervisory Findings
This Practice Note considers the implications of the Financial Conduct Authority’s (FCA) Consumer Duty for payments and electronic money (or e-money) firms
For the purposes of this Practice Note, a payments firm is used as a broad term for a ‘payment service provider’ (PSP) under the Payment Services Regulations 2017, SI 2017/752 (PSRs 2017).
Authorised payment institutions
Small payment institutions
Registered account information service providers
References to an e-money firm mean entities within the Electronic Money Regulations 2011, SI 2011/99 (EMRs 2011).
Authorised electronic money institutions
Small electronic money institutions
In broad terms, the Consumer Duty (the Duty) captures firms undertaking regulated activities in the UK that fall within the FCA’s scope. Some payment and e-money firms will deal directly with retail customers, while others participate indirectly through a distribution chain that reaches a retail end user. The Duty extends to both scenarios; however, the degree to which it bites depends on whether the firm sets, or has a material influence over, outcomes for retail customers. This Practice Note examines the scoping assessment for payment and e-money firms, including...
Financial Services
If you expected to see yourself on this page, click here.
