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Consultancy Services and Training in Financial Services on Regulatory Sandbox

Foreign, Commonwealth and Development Office

This public procurement record has 2 releases in its history.

Award

05 Feb 2021 at 17:06

Award Notice
Tender

23 Jun 2020 at 19:55

Tender Notice
Summary of the contracting process

The Foreign and Commonwealth Office (FCO) is currently engaged in a public procurement process for consultancy services and training in financial services focused on a regulatory sandbox in China. This open tender is intended to enhance financial regulatory supervision for FinTech in China through knowledge exchange between the UK and China. The tender period concluded on 24 July 2020, which leads into a contract period starting from 1 October 2020 and running until 30 September 2021. The total value of the project is £430,000 and falls under financial consultancy services within the broader category of services.

This tender presents valuable opportunities for businesses, particularly those specialised in financial consultancy and training services that have experience in regulatory frameworks. Small and medium enterprises (SMEs) are encouraged to compete, as the procurement process has been designed to support their involvement. Providers with a proven track record in facilitating capacity-building and knowledge exchange, especially within the FinTech sector, would be particularly well-suited to respond to this opportunity and potentially foster growth in their business through collaboration with key stakeholders in both the UK and Chinese markets.

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Notice Information

Notice Title

Consultancy Services and Training in Financial Services on Regulatory Sandbox

Notice Description

The FCDO have awarded a contract to Ernst & Young Transactions Limited. 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. Ernst & Young will 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.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6b160769-1e65-48d8-aea8-48cbe7a40f77
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3997223e-05ba-4750-b97d-050979e4ac48
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£390,000 £100K-£500K
Lots Value
Not specified
Awards Value
£39,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
5 Feb 20215 years ago
Submission Deadline
20 Jul 2020Expired
Future Notice Date
Not specified
Award Date
18 Dec 20205 years ago
Contract Period
15 Jan 2021 - 25 Oct 2021 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Foreign, Commonwealth and Development Office
Additional Buyers

Foreign & Commonwealth Office

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1A 2AH
Postcode Area
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

Ernst & Young Transactions Limited

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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