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FCA and PRA consult on FSCS 2026/27 Management Expenses Levy Limit
The FCA has announced that it has published, jointly with the PRA, the FSCS Management Expenses Levy Limit (MELL) 2026/27 Consultation Paper. For the FCA, this is CP26/2, and for the PRA it is CP1/26. The Consultation is accompanied by a series of Appendices…
AI ground rules
AI is now everywhere; it is becoming increasingly relevant and, even if you are not actively using it, an awareness of its capabilities and pitfalls is vital. AI is gradually becoming part of everyday life, but the need for caution remains, and rightly so.…
Companies House publishes updated draft guidance on people with significant control (PSCs)
Companies House has published updated draft guidance on people with significant control (PSCs). The guidance awaits approval by both Houses of Parliament. The existing guidance remains in force until approved.
FOS reminder: New interest rate now applies to compensation awards
FOS has published a news article reminding firms that a new interest rate applies to the compensation it directs financial businesses to make for cases referred to its service on and after 1 January 2026. Following a consultation last summer, FOS announced…
FCA publishes Handbook Notice 136
The FCA has published Handbook Notice 136 which confirmed the Handbook updates relating to (amongst other things) complaints reporting, insurance simplification and non-financial misconduct.
FCA confirms its post-implementation review of general insurance value measures
In its latest Regulation Round Up e-mail, the FCA has confirmed that it is undertaking its post-implementation review of the general insurance value measures rules which came into force in 2021. The FCA will be surveying a sample of firms that report value…
