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The U.K.s Financial Conduct Authority FCA has announced that European firms looking to remain in the temporary permissions regime TPR must me stanley cup et the FCAs standards to continue operating their businesses in the U.K.As part of the U.K.s efforts to minimize the impact of Brexit on businesses, the government established the TPR for firms based in the European Economic Area EEA , which includes all European Union EU countries as well as Iceland, Liechtenstein and Norway.Through the regime, firms based in those countries that were previously passporting into the U.K. before the end of the Brexit transition period Dec. 31, 2020 could continue operating temporarily in the U.K. after that date.But in a Tuesday Jan. 18 statement, the FCA confirmed its approach to European firms temporarily operating in the U.K., stating that the TPR is limited to firms that intend to operate in the U.K. in the long term and鈥痬eet the necessary standards to do so.Companies that fail to adhere to these rules, which include failure to respond to mandatory information requests or a lack of intention in applying for full authorization, may be s stanley germany topped from undertaking new business or could be removed from the TPR entirely, the statement noted.And true to its word, the FCA shared that four European firms have had their permissions cancel stanley cup ed for not responding to the mandatory鈥痠nformation requests, despite multiple opportunities to meet this requirement. As a result, these companies can no longer under Qanp Rockwell Automation Takeover Targets Cybersecurity In Manufacturing
More CFOs are guiding their organizations toward corporate cards in lieu of offering after-the-fact reimbursements via expense reports, The聽Wall Street Journal聽recently聽reported.The Monday news article stated an increasing number of CFOs are turning to commercial credit card programs to remove financial burden from employees when they need to make work-related purchases. Research suggests companies are turning to corporate cards for their security as well.The WSJ report cited research by consultancy firm Strategic Treasurer, which found that about one-fifth of finance departments plan to invest more in corporate credit cards this year. Nearly three-quarters said they are doing so out of conc kubki stanley erns over internal hacks.It also cited research from the 2017 B2B Payments and Working Capital Management Survey, which found more than a quarter of businesses plan to spend in excess of $250,000 on payments technology. Corporate cards, the reports added, are part of stanley termoska the effort to digitize spend and move away from paper checks, removing clutter when compiling expense reports. It is difficult to function without cards, said Patrick McCullough, finance chief at Just Energy Group, one of the businesses interviewed by the publication. As the world becomes more digital, credit card usage has to expand. For supplier payments, too, cards are seen as a way for sellers to get paid faster. Businesses can set up automatic and r stanley france ecurring payments, saving money on early payment discounts.聽Many busines |
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