Market Soundings in UK Equity Capital Markets: FCA Multi-Firm Review
In its multi-firm review on Market soundings in UK equity capital markets , the FCA examines how investment banks conduct market soundings in equity capital market (ECM) transactions, and whether current practices support […]
Ensuring Compliance with Non-Financial Misconduct Regulations
Author: Nicola Christofides, Director of Financial Crime Understanding Non-Financial Misconduct The growing emphasis on non-financial misconduct, which encompasses issues such as harassment, discrimination and breaches of ethical standards, requires firms, […]
What Is the FCA Skilled Person Panel?
Key Takeaways A skilled person review is an independent assessment commissioned by the FCA under section 166 of the Financial Services and Markets Act 2000, where an external expert examines […]
Understanding the FCA’s Crypto Perimeter
The UK’s cryptoasset regulatory landscape is entering a new phase. With the publication of Consultation Paper CP26/13, the Financial Conduct Authority (“FCA”) has provided its clearest indication yet of how the future cryptoasset regime […]
What Is a Skilled Person Review? (Section 166 FSMA Explained)
Key Takeaways A skilled person review (often called an s166) is an independent, regulator-mandated review of a regulated firm’s activities under the Financial Services and Markets Act 2000 (FSMA). The […]
FCA Payments Priorities 2026: What Payment and E-Money Firms Need to Prepare for Now
The Financial Conduct Authority (“FCA”) has published its 2026 Regulatory Priorities for Payment’s report, replacing the previous Dear CEO and portfolio letter approach with a single annual publication for the sector. The report applies […]
FCA’s Latest Enforcement Action Sends a Clear Message on Unlawful Financial Promotions
The Financial Conduct Authority (FCA) has intensified its crackdown on suspected unlawful financial promotions, with three individuals recently arrested as part of an ongoing investigation into potentially illegal investment marketing activities. […]
Understanding the UK Financial Advice Market: What the FCA’s Latest Survey Tell Us
The FCA’s Understanding the Financial Advice Market publication provides a data‑led overview of how the UK financial advice sector is operating, evolving and responding to consumer needs. The report draws primarily on […]
SM&CR Phase 1 Reforms: From CP25/21 to PS26/6 – What Changed in the Final Rules?
The publication of the FCA’s Policy Statement PS26/6 marks the culmination of the first phase of reform to the Senior Managers and Certification Regime (SM&CR). While the direction of travel was clearly […]
APP Fraud Scope Without Surprises: Proving Who’s In (and Who Isn’t)
Author: Joel Bailey, Consultant Why Firms Get This Wrong We often see Payment Service Providers (“PSPs”) assume they are ‘out of scope’ for the Payment Systems Regulator’s Authorised Push Payment (“APP”) fraud reimbursement scheme based on their licence type or how […]