FCA Fines Nationwide £44m for Failings in Financial Crime Controls
The Financial Conduct Authority (FCA) has imposed a £44,078,500 financial penalty on Nationwide Building Society for significant failures in its financial crime systems and controls during the period October 2016 to July […]
FCA Engagement Paper: Market Risk Capital Requirements for Investment Firms
The FCA has published an Engagement Paper on the subject of Market risk capital requirements for FCA investment firms examining potential reforms to the market risk capital requirements under the UK’s Investment Firms Prudential […]
FCA Skilled Persons Reviews: What the Latest Data Means for Firms
The FCA’s latest data from Number of Skilled Persons Reports commissioned in 2025/26 Q2 (1 July 2025 – 30 September 2025) highlights a continued downward trend compared with both Q1 2025 (7 reports) and Q2 2024 […]
FCA issues Instrument 2025/57 implementing the Berne Financial Services Agreement in the Handbook
The FCA has published FCA 2025/57-2026-01-01.pdf: Berne Financial Services Agreement Instrument 2025, which came into force on 1 January 2026. The instrument implements changes to the FCA Handbook to support firms relying on […]
FCA Consults on the Future of UK Cryptoasset Regulation
The Financial Conduct Authority (FCA) has published a series of Consultation Papers (CP25/40, CP25/41 and CP25/42) that collectively outline the UK’s future regulatory framework for cryptoassets. These proposals mark a pivotal shift, bringing a wide range of cryptoasset activities […]
PS25/19: – FCA Reforms to Complaints Reporting: What Firms Need to Know
The Financial Conduct Authority (FCA) has published PS25/19: Improving the Complaints Reporting process following Consultation Paper CP25/13 issued in May 2025. This Policy Statement finalises updates to the rules and guidance governing how authorised firms must […]
ESG Ratings: Preparing for the FCA’s Proposed Regulatory Framework
The Financial Conduct Authority (FCA) has launched Consultation Paper CP25/34: ESG ratings: proposed approach to regulation, marking a pivotal moment in the UK’s regulatory oversight of Environmental, Social and Governance (ESG) data and ratings. Following recent legislation […]
CP25/36: Practical Implications for Professional Client Categorisation and Transitional Requirements
The FCA’s CP25/36: Simplifying client categorisation and conflicts of interest rules presents materially significant changes, despite an ostensibly limited scope. While the proposals aim to streamline conflicts rules, introduce a high-net-worth route to elective professional status, and […]
FCA Simplifies Insurance Rules Under PS25/21
The Financial Conduct Authority (FCA) has published PS25/21: Simplifying the insurance rules, finalising a series of reforms aimed at reducing unnecessary complexity in the regulatory framework for insurers, intermediaries and firms providing funeral […]
PS25/18: Changes to Handling Rules for Motor Finance Complaints
In PS25/18: Changes to handling rules for motor finance complaints, the FCA confirms further temporary changes to the complaint handling rules for motor finance complaints. These changes are designed to manage how firms deal […]