Regulatory Updates

FCA publishes a suite of insurance-focused reports

22 Jul 2025 - In The News

The FCA has published a summary web page outlining the headlines from four separate reviews relating to general insurance. The page includes a headline infographic (also published separately) outlining what the FCA has looked at. This gives a reason ‘why’…

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Treasury Select Committee publishes report on FOS accountability

14 Jul 2025 - In The News

The FCA has announced that, in a first phase of relatively low-level reforms, the FCA and the PRA propose to streamline the SM&CR to allow some additional flexibility for firms and make the requirements clearer and more efficient. Further changes the FCA are…

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FCA publishes Finalised Guidance about the treatment of PEPs

7 Jul 2025 - In The News

The FCA has published its Finalised Guidance for firms on how to apply a proportionate and risk-based approach to UK politically exposed persons (PEPs), and their relatives and close associates (RCAs), for anti-money laundering purposes. A PEP is someone…

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Advertising Standards Authority publishes its commitment to protecting vulnerable consumers

30 Jun 2025 - In The News

The ASA has stated that it “…will put people first and prioritise protecting vulnerable people…” in announcing its commitment to protecting vulnerable customers. The first strand of its latest strategy, AI-Assisted Collective Ad Regulation, sets a clear…

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CII sets out vision for vulnerability data sharing

24 Jun 2025 - In The News

The CII has outlined a vision for transforming how vulnerability data is shared across the insurance and personal finance distribution chain to meet the Financial Conduct Authority’s (FCA) requirements. In a new report summarising a recent roundtable held in…

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FCA updates its ‘Keeping your firm's information up to date’ web page

20 Jun 2025 - In The News

The FCA has updated and refreshed the content of its ‘Keeping your firm’s information up to date’ web page. As a useful reminder, this page outlines what firms need to do to ensure that their details are correct on the Financial Services Register, and reminds…

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