Published date: 23 June 2020

This notice was replaced on 5 February 2021

This notice does not contain the most up-to-date information about this procurement. The most recent notice is:

Awarded contract (published 5 February 2021)

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Contract summary

Industry

  • Financial consultancy services - 66171000

Location of contract

Any region

Value of contract

£430,000

Procurement reference

tender_241765/864485

Published date

23 June 2020

Closing date

24 July 2020

Contract start date

1 October 2020

Contract end date

30 September 2021

Contract type

Service contract

Procedure type

Open procedure (above threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

Foreign and Commonwealth Office (FCO) is looking for a provider of consultancy services and training in financial services on regulatory sandbox in China.
This project is aimed at improving the financial regulatory supervision for FinTech in China. The project is designed to enable the exchange of regulatory sandbox knowledge specifically between the UK and China.

The project is looking to engage with a supplier who can facilitate high quality knowledge exchange between the UK and China on this topic through training sessions, and discussions resulting in support for more robust implementation of a regulatory sandbox programme in China.
The project intends to provide theoretical support and practical guidance for establishing and promoting China's FinTech regulatory supervision system whilst comprehensively improving the governance capability in the market.

The process will be accompanied by the application of a gender and social inclusion analytical framework so that FinTech supervision system's impact to gender equality and social inclusion is understood and adequately addressed.

The supplier shall be responsible for delivering three phases with respect to the proposed regulatory sandbox knowledge exchange and training in China. The project is specifically designed to enable the exchange of regulatory sandbox knowledge between the UK and China. The phases include analysis, knowledge exchange through training sessions, and discussions resulting in support for more robust implementation of a regulatory sandbox programme in China.
The expected work would encompass the following specific outputs:

1. Organising director level knowledge exchange between staff of the People's Bank of China (PBoC), the Provincial Bureaus of Financial Supervision and Administration (Beijing Financial Services) and relevant UK Financial Conduct Authority staff.

2. Delivery of a white paper analysing the UK regulatory sandbox experience and how this may be applied to the Chinese setting.

3. Planning, organisation and delivery of three training sessions aimed at capacity building of Chinese regulatory staff.

4. Providing implementation support. Exact details of this support are to be determined after the delivery of the above outputs but will involve ensuring Chinese regulators involved with the sandbox project can receive support from UK Financial Conduct Authority experts on the regulatory sandbox approach.

To access the tender documents, please login or register to FCO's e-sourcing portal https://fco.bravosolution.co.uk. If you have any technical issues with accessing the tender documents, please call e-sourcing helpdesk: +44 203 608 4013 or email: help@bravosolution.co.uk.

Any queries related to the subject of this tender should be sent via the messaging function for the itt_3821 - PF China Financial Services Programme Fin Tech Pillar Workstream 3 Project 2 "Regulatory Sandbox" knowledge exchange and training.

More information

Links

Additional text

To access the tender documents, please login or register to FCO's e-sourcing portal https://fco.bravosolution.co.uk. If you have any technical issues with accessing the tender documents, please call e-sourcing helpdesk: +44 203 608 4013 or email: help@bravosolution.co.uk.

Any queries related to the subject of this tender should be sent via the messaging function for the itt_3821 - PF China Financial Services Programme Fin Tech Pillar Workstream 3 Project 2 "Regulatory Sandbox" knowledge exchange and training.

About the buyer

Address

King Charles Street
London
SW1A 2AH
England

Email

ChinaFCOFSPProcurement@thepalladiumgroup.com