Award

Consultancy Services and Training in Financial Services on Regulatory Sandbox in China

FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

This public procurement record has 1 release in its history.

Award

05 Feb 2021 at 22:56

Summary of the contracting process

The Foreign Commonwealth and Development Office is seeking consultancy services and training in financial services focused on regulatory sandboxes in China. This procurement process, classified under financial consultancy services, was conducted through an open procedure and has been completed. The awarded contract, valued at £390,000, was signed on 18 December 2020, with the project aiming to enhance financial regulatory supervision for FinTech in China through knowledge exchange between the UK and China.

This tender presents significant opportunities for consulting firms specialising in financial services, particularly those with expertise in regulatory frameworks and risk management for technology sectors. Businesses that can facilitate training sessions and discussions centred on the implementation of regulatory sandbox programmes will be well-suited to compete in future tenders that build on this initiative, as they can leverage the knowledge gained and establish relationships in the growing FinTech landscape both in the UK and China.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Notice Title

Consultancy Services and Training in Financial Services on Regulatory Sandbox in China

Notice Description

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

Lot Information

Lot 1

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.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0290da
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/002419-2021
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
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
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£390,000 £100K-£500K

Notice Dates

Publication Date
5 Feb 20215 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
18 Dec 20205 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE
Contact Name
Not specified
Contact Email
chinafcofspprocurement@thepalladiumgroup.com
Contact Phone
+44 2070080932

Buyer Location

Locality
LONDON
Postcode
SW1A 2AH
Post Town
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

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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.

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-h6vhtk-0290da-2021-02-05T22:56:04Z",
    "date": "2021-02-05T22:56:04Z",
    "ocid": "ocds-h6vhtk-0290da",
    "initiationType": "tender",
    "tender": {
        "id": "ecm 1694",
        "legalBasis": {
            "id": "32014L0024",
            "scheme": "CELEX"
        },
        "title": "Consultancy Services and Training in Financial Services on Regulatory Sandbox in China",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66171000",
            "description": "Financial consultancy services"
        },
        "mainProcurementCategory": "services",
        "description": "The FCDO have awarded a contract to Ernst & Young Transactions Limited.",
        "lots": [
            {
                "id": "1",
                "description": "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.",
                "awardCriteria": {
                    "criteria": [
                        {
                            "name": "technical",
                            "type": "quality",
                            "description": "70"
                        },
                        {
                            "name": "commercial",
                            "type": "cost",
                            "description": "30"
                        }
                    ]
                },
                "hasOptions": false,
                "status": "cancelled"
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "region": "00"
                    }
                ],
                "relatedLot": "1"
            }
        ],
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure",
        "coveredBy": [
            "GPA"
        ]
    },
    "awards": [
        {
            "id": "002419-2021-1",
            "relatedLots": [
                "1"
            ],
            "status": "active",
            "suppliers": [
                {
                    "id": "GB-FTS-4646",
                    "name": "Ernst & Young Transactions Limited"
                }
            ]
        }
    ],
    "parties": [
        {
            "id": "GB-FTS-131",
            "name": "Foreign Commonwealth and Development Office",
            "identifier": {
                "legalName": "Foreign Commonwealth and Development Office"
            },
            "address": {
                "streetAddress": "King Charles Street",
                "locality": "London",
                "region": "UK",
                "postalCode": "SW1A 2AH",
                "countryName": "United Kingdom"
            },
            "contactPoint": {
                "telephone": "+44 2070080932",
                "email": "ChinaFCOFSPProcurement@thepalladiumgroup.com"
            },
            "roles": [
                "buyer"
            ],
            "details": {
                "url": "http://www.ukchina-financialservices.com/",
                "classifications": [
                    {
                        "scheme": "TED_CA_TYPE",
                        "id": "MINISTRY",
                        "description": "Ministry or any other national or federal authority, including their regional or local subdivisions"
                    },
                    {
                        "scheme": "COFOG",
                        "id": "01",
                        "description": "General public services"
                    }
                ]
            }
        },
        {
            "id": "GB-FTS-4646",
            "name": "Ernst & Young Transactions Limited",
            "identifier": {
                "legalName": "Ernst & Young Transactions Limited"
            },
            "address": {
                "streetAddress": "22/F CITIC Tower 1 Tim Mei Ave Admiralty",
                "locality": "Hong Kong",
                "region": "00",
                "countryName": "China"
            },
            "roles": [
                "supplier"
            ],
            "details": {
                "scale": "large"
            }
        },
        {
            "id": "GB-FTS-4647",
            "name": "Foreign, Commonwealth and Development Office",
            "identifier": {
                "legalName": "Foreign, Commonwealth and Development Office"
            },
            "address": {
                "streetAddress": "King Charles Street",
                "locality": "London",
                "countryName": "United Kingdom"
            },
            "roles": [
                "reviewBody"
            ]
        }
    ],
    "buyer": {
        "id": "GB-FTS-131",
        "name": "Foreign Commonwealth and Development Office"
    },
    "contracts": [
        {
            "id": "002419-2021-1",
            "awardID": "002419-2021-1",
            "status": "active",
            "value": {
                "amount": 390000,
                "currency": "GBP"
            },
            "dateSigned": "2020-12-18T00:00:00Z"
        }
    ],
    "bids": {
        "statistics": [
            {
                "id": "1",
                "measure": "bids",
                "relatedLot": "1",
                "value": 3
            }
        ]
    },
    "links": [
        {
            "rel": "prev",
            "href": "https://ted.europa.eu/udl?uri=TED:NOTICE:287942-2020:TEXT:EN:HTML"
        }
    ],
    "language": "en"
}