Centralising FCA Reporting
Introduction The FCA has announced that, from the end of March 2025, there will be a change in how firms report to it online, with a move away from two […]
A Path Forward for Claims Management Companies
Introduction The Financial Conduct Authority (FCA) recently wrote to Claims Management Companies (CMCs) to outline its latest supervisory strategy for the coming years. The FCA reaffirmed its commitment to ensuring […]
Section 165 – Wealth Management and Stockbroking Sector Survey
Introduction In February 2025, a number of firms will have received a Section 165 request, which is a mandatory regulatory request for information on various aspects of their business. This […]
Positive Findings in the FCA’s Recent Suitability Review
Introduction The FCA recently requested data from 22 of the largest financial advice firms to review, with a focus on the suitability review process delivered by the sector. At the […]
FCA Strategy for the Mortgage Intermediary Market (Jan 2025)
Introduction With the introduction of the Consumer Duty, the Financial Conduct Authority (FCA) has recently outlined its key supervisory focus areas to mortgage intermediaries for the next two years. The […]
FCA Regulation Updates: Ensuring Compliance with Confidence
Quarterly Consultation CP24/11 The Financial Conduct Authority (“FCA”) consistently updates its regulatory framework to maintain the integrity and efficiency of financial markets. A recent example is the Collective Investment Schemes […]
The Role of the National Fraud Database in Detecting Money Mule Accounts
In an era of increasingly sophisticated financial fraud, the Financial Conduct Authority (“FCA”) has taken significant steps to combat money laundering and fraud through the National Fraud Database (“NFD”) and […]
Section 166 file remediation – The approach
A Section 166 will sometimes require firms to take action to address deficiencies identified during the supervisory process, including those related to KYC (Know Your Customer) and AML (Anti-Money Laundering) […]
The Sustainability Disclosure Requirements (SDR) and investment labels: Good and Poor practices
The implementation of the Sustainability Disclosure Requirements (“SDR”) and investment labels marks a significant step towards enhancing transparency and accountability in sustainable finance. The SDR and investment labels framework has […]
Unlocking Sustainable Finance: FCA’s Latest Consultation Paper CP24-26
The Financial Conduct Authority (FCA) has recently released its Quarterly Consultation Paper No. 46 (CP24-26), The consultation opened on 6th December 2024, focusing on several key changes aimed at enhancing […]