Regulatory Updates

The FCA has published a summary of its findings from a multi-firm review of Customer Due Diligence (CDD), Enhanced Due Diligence (EDD) and ongoing due diligence controls, which it conducted in 2025. The review was part of wider financial crime supervisory…

To help firms review and evolve their approach to being resilient, and to make sure they are continuing to comply with the FCA’s operational resilience rules, the FCA has published observations and insights from a review of firms’ self-assessments on how they…

The FCA has published the first of its new annual Regulatory Priorities reports, replacing the familiar Portfolio Letters. Insurance gets to go first. At first glance, it looks very different: it is visually clearer, more accessible, and runs to 17 pages. In…

The FCA has launched new Regulatory Priorities reports, starting with the insurance sector. This marks a new approach that will help to transform the FCAs supervision and streamline regulation. The FCA recommends that boards should read these reports. The…

The FCA has published examples of good and poor practice relating to the Consumer Duty’s consumer understanding outcome. The guidance is relevant to all regulated firms, includes extra commentary for smaller firms, and has its focus on product design,…

HM Treasury has published its long-awaited Consultation on the future of the Appointed Representatives (ARs) regime. In announcing the Consultation, the Treasury has stated that the regime plays an important part in the supply of financial services and…