Member Info for flava

AiMlessnotinvesting, There are many companies that have applied for the FCA Innovation Pathways program and have been approved. Here are a few companies:

⭐ Atom Bank is a digital bank that offers a variety of banking products and services to consumers and businesses.

⭐ Brex is a financial technology company that provides corporate cards and other financial services to businesses.

⭐ Curve is a fintech company that offers a single card that can be used to pay for goods and services using a variety of different payment methods.

⭐ Elinvar is a financial technology company that provides a platform for businesses to manage their finances.

⭐ TrueLayer is a fintech company that provides APIs that allow businesses to integrate financial services into their own products and services.

@AIMlessInvesting Who's "Matthew Pinsen"? Our legal advisory firm is called 'Pinsent Masons LLP'. You can't even get the basics correct.

Your comments are just your opinion. There are other investors who believe that GST still has the potential to be successful. They argue that the sandbox testing is not a major setback and that GST can still overcome its challenges by going via FCA's Innovations Pathway program, which increases the chances of them being granted regulatory authoriaation without the need for supervised testing.

The FCA's Innovation Pathways program is a more flexible program that offers firms a variety of support services, including guidance on regulatory compliance, access to data sets, and networking opportunities.

Read again and let the real investors worry about what's good and bad - everyone else, keep walking and stop talking nonsense.

Tone Goh, Chairman of GST, commented: This opportunity will enable GST to benefit further from the guidance of the FCA and I would like to thank them for their assistance and feedback through the application process. We do not view this as a setback in any way, but rather as an alternative and appropriate pathway offered by the FCA. We look forward to providing further updates, as appropriate, as we progress."

1. FCA offered a place on their Innovations Pathway programme.

2. We do not view this as a setback in any way

3. updates should be next.

Not what we expected, but let's always look at the bright side and progress to the next level. 👍

The positive aspects of GST being offered a place on the FCA's Innovations Pathway programme include:

✅ It will allow GST to benefit from the guidance of the FCA, which is a highly respected financial regulator.

✅ It will give GST access to a comprehensive range of support services, which can help them to further develop their stablecoin plans.

✅ It could lead to GST being admitted to the FCA Regulatory Sandbox in the future, or to them being granted regulatory authorisation without the need for supervised testing.

GST Chairman Tone Goh views this as an "alternative and appropriate pathway" offered by the FCA, rather than a setback.

Overall, the Innovations Pathway programme is a positive step for GST and their stablecoin plans. It provides them with the opportunity to get support from the FCA and to further develop their product in a regulated environment.👍

The positive aspects of GST being offered a place on the FCA's Innovations Pathway programme include:

✅ It will allow GST to benefit from the guidance of the FCA, which is a highly respected financial regulator.

✅ It will give GST access to a comprehensive range of support services, which can help them to further develop their stablecoin plans.

✅ It could lead to GST being admitted to the FCA Regulatory Sandbox in the future, or to them being granted regulatory authorisation without the need for supervised testing.

GST Chairman Tone Goh views this as an "alternative and appropriate pathway" offered by the FCA, rather than a setback.

Overall, the Innovations Pathway programme is a positive step for GST and their stablecoin plans. It provides them with the opportunity to get support from the FCA and to further develop their product in a regulated environment.

Tone Goh, Chairman of GST, commented: This opportunity will enable GST to benefit further from the guidance of the FCA and I would like to thank them for their assistance and feedback through the application process. We do not view this as a setback in any way, but rather as an alternative and appropriate pathway offered by the FCA. We look forward to providing further updates, as appropriate, as we progress."

1. FCA offered a place on their Innovations Pathway programme.

2. We do not view this as a setback in any way

3. updates should be next.

Not what we expected, but let's always look at the bright side and progress to the next level.

I'm quite surprised by the big drop in the stock price after this news. We were clearly priced in all this time for non-approval, and this FCA Innovations Pathway program is very positive for multiple reasons.

The ladyboy is back early in the morning; maybe his mom kicked him out to find a job.

Only the new investors and any long-term holder averaging down now will be making money. So why would anyone sell now? :) Today's news is not what long-term holders expected, and we also have a new option from FCA, which is kind of icing on the cake. Ultimately, only the investors have the power to sell/buy. DYOR.

FYI I'm down 30% and still topping up.

GS Money already had a soft launch back in Nov 2022, the FCA will ask the GST to provide additional information or documentation about its soft launch. This information may include details about the number of customers that have used the product or service, the feedback that the company has received from customers, and any changes that the company has made to the product or service since the soft launch.

Part 1 & 2 will be covered by Pinsent Masons LLP teams

Part 3 will be GST tech teams based in Singapore.

My guess is GST and Pinsent Masons LLP teams activating the plan B now.

1. In-house expertise: The company will need to have in-house expertise in a range of areas, such as financial services regulation, risk management, and compliance. If the company does not have the necessary in-house expertise, it may need to hire external consultants or advisors.

2. Communication skills: The company will need to have good communication skills to effectively communicate with the FCA and to keep stakeholders updated on the progress of the preparation process.

3. Ability to adapt: The company will need to be able to adapt to changes in the regulatory environment and to make changes to its products or services or to its compliance program as needed.

By identifying and securing the necessary resources, GST can increase its chances of successfully preparing for regulatory authorisation without the need for supervised testing.

There are a number of advantages to preparing for regulatory authorisation without the need for supervised testing.

1, it can save the company time and money.

2, it can give the company more control over the testing process.

3, it can help the company to build a stronger relationship with the FCA.

Preparation for regulatory authorisation without the need for supervised testing means that a company can prepare for regulatory authorisation by taking certain steps, such as:

Providing the FCA with detailed information about its products or services: This includes information about the features and functionality of the products or services, as well as the risks associated with them.

Conducting risk assessments: This involves identifying and assessing the risks associated with the products or services, and developing mitigation strategies for those risks.

Putting in place appropriate controls: This includes controls to mitigate the risks identified in the risk assessments.

Having a robust compliance program: This includes having policies and procedures in place to ensure that the company complies with all applicable regulations.

If a company can demonstrate to the FCA that it has taken these steps, it may be possible to obtain regulatory authorisation without the need for supervised testing. Supervised testing is a process where the FCA monitors a company's products or services in a live environment to ensure that they are operating in a safe and compliant way.

GSTechnologies adds: "This may involve a future regulatory sandbox application or preparation for regulatory authorisation without the need for supervised testing."

@Moomins, my 5M buy order 'At Best' has still not been executed by Barclays.

Just join the queue:)

Noel Ferrin, who holds 51 million shares, could be accumulating more to average down now.

Tone Goh, Chairman of GST, commented: "Since the launch of GS Money stablecoins in late November 2021, we have made considerable progress, not only in this area but also with our other GS Money offerings. Although we initially viewed admission of our stablecoins to the FCA Regulatory Sandbox as an ideal next step, we understand and appreciate the FCA's rigorous admission criteria. Therefore, we are very pleased to have been offered a place on their Innovations Pathway programme. This opportunity will enable GST to benefit further from the guidance of the FCA and I would like to thank them for their assistance and feedback through the application process. We do not view this as a setback in any way, but rather as an alternative and appropriate pathway offered by the FCA. We look forward to providing further updates, as appropriate, as we progress."

1. FCA offered a place on their Innovations Pathway programme.

2. We do not view this as a setback in any way

3. updates should be next.

Not what we expected, but let's always look at the bright side and progress to the next level.

Only very few left at 0.65p from PEEL.

Then .70p after that.

To apply for the Innovation Pathways programme, it takes 4 weeks to review applications and confirm whether your firm is eligible.

So we have already saved 4 weeks, and the FCA is confident that GST will proceed through this route without FCA supervision.

To apply for the Innovation Pathways programme, it takes 4 weeks to review applications and confirm whether your firm is eligible.

So we have already saved 4 weeks, and the FCA is confident that GST will proceed through this route without FCA supervision.

@Nocluetrader exactly but same outcome in different route.