Regulatory Updates

The FCA has published a speech given by Sarah Pritchard, FCA Deputy CEO, at the ABI Conference 2026 in Westminster, in which she has said that the home, motor and travel insurance markets have “room for improvement” but has ruled out any wide-ranging action.…

Perhaps in response to the Treasury Select Committee report published on 20th January 2026, the FCA has launched a review into the implications of advanced AI for consumers, retail financial markets and regulators. The Treasury Select Committee expressed a…

The FCA has opened applications for the second cohort of its AI Live Testing service. AI Live Testing is the first of its kind in the financial sector to help firms who are ready to use AI in UK financial markets. Firms participating in the FCA’s AI Live…

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…

Companies House has published updated draft guidance on people with significant control (PSCs).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 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…