Regulatory Updates

ICS Webinar: AI & the FCA – what brokers need to know now

12 Dec 2025 - Regulatory Updates

Experts from Insurance Compliance Services (ICS) addressed how brokers are being affected by the increasing use of artificial intelligence in the insurance space, and what this means for regulation and compliance. In the first part of the webinar, head of…

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FCA publishes new guidance on tackling non-financial misconduct

12 Dec 2025 - In The News

The FCA has published Policy Statement PS25/23 confirming its final guidance to tackle serious non-financial misconduct in financial services. In July, the FCA changed its COCON rules to more closely align the rules for banks and ‘non-banks’ (so all firms).…

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FCA publishes Policy Statement PS25/21: Simplifying the insurance rules

9 Dec 2025 - Regulatory Updates

The FCA has announced its publication of Policy Statement PS25/21, in which it sets out what it sees as simplifications of insurance-related Handbook rules and requirements. The FCA received over 600 responses to the Consultation, of which 462 were from…

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FCA publishes Quarterly Consultation Paper No. 50 - insurance focus

5 Dec 2025 - In The News

The FCA has published its latest Quarterly Consultation Paper no. 50, as CP25/35. There are three proposals which will are potentially relevant to general insurance firms, in relation to the decommissioning of certain sections of the REP021 insurance pricing…

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New FCA Consumer Credit regulatory returns - a reminder

1 Dec 2025 - Hot TopICS

In May this year the FCA published its Policy Statement PS25/3 setting out its replacement consumer credit reporting requirements for firms with certain consumer credit Permissions (the new CCR009 return). This was covered in detail in our May 2025 Hot…

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FOS publishes its Plans and Budget Consultation 2026/27

27 Nov 2025 - In The News

The Financial Ombudsman Service has announced the publication of its 2026/27 Plans and Budget Consultation, stating that it is driving reform and delivering improvements as it sets out its plans for next year. The strategic plans include complaint trends,…

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