FCA launches fintech co-operation with Japan

Follows deal with Canada

Carmen Reichman
clock • 2 min read

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 both countries. FCA executive director of strategy and competition Christopher Woola...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Adviser firm revenue reaches £8.38bn in 2025

Adviser firm revenue reaches £8.38bn in 2025

Adviser posts fall to 37,517

Sophia Panayi
clock 24 July 2026 • 1 min read
Investment fraudsters jailed over £11.5m scam

Investment fraudsters jailed over £11.5m scam

Targeted elderly individuals and amassed 115 victims

Jen Frost
clock 21 July 2026 • 3 min read
Simpler advice rules should not mean simpler client understanding

Simpler advice rules should not mean simpler client understanding

The direction of travel is clear

Elly Dowding and Lee Coates
clock 17 July 2026 • 2 min read