Regulatory Updates

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.…

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…

The possible impact of the FCA’s motor finance redress scheme provisions: we are issuing this update to summarise the latest position in relation to premium finance and to highlight potential areas of focus for the FCA, taking into account the proposed…

In its file review work for clients, ICS identifies issues and challenges for brokers when arranging insurances. Jane Davis, one of our consultants, writes about the current challenges when arranging household buildings insurance, based on what she sees in…

When the FCA launched its market study in relation to premium finance in home and motor insurance, it was concerned that premium finance did not offer fair value to customers and that competition may not be functioning effectively. In its update paper, the FCA…

The FCA has clarified its expectations in relation to misconduct in financial services firms by publishing a Consultation Paper on tackling the issue, including bullying, harassment and violence in financial services. There is significant new Handbook guidance…