Regulatory Updates

The Prudential Regulation Authority (PRA) is continuing its work on proposals for a new regulatory regime for captive insurers, following the publication of consultation paper CP11/26 in July. Captive insurance allows a corporate group to insure or reinsure…

FOS has outlined in an insights article the next phase of its reforms, which are set out in a FOS Policy Statement in relation to modernising the redress system. Changes are being introduced to transform the way FOS operates and to improve its service for…

HM Treasury has now confirmed the direction of travel for its long‑awaited reform of the Consumer Credit Act 1974 (CCA), a shift that marks one of the most significant changes to consumer credit regulation in over a decade. For insurance brokers involved in…

The FCA has published Outcomes Monitoring: Good Practice and Areas for Improvement, setting out what effective Consumer Duty monitoring looks like and highlighting where some firms are still falling short. The regulator’s latest update includes practical…

The FCA has published its 2025 GI Value Measures Data, including the usual spreadsheet format in addition to the interactive web page. The FCA publishes this data each year “to improve market transparency and give firms, consumer groups and other stakeholders…

The FCA has announced the publication of what it describes as a “landmark review into impact of AI on retail financial services”. Led by FCA Executive Director Sheldon Mills and commissioned by the FCA Board, ‘The Mills Review’ is the first work of its kind…