Regulatory Updates

Information Commissioner's Office delivers keynote speech at the Data and the Future of Financial Regulation summit

5 Jun 2023 - In The News

John Edwards, the Information Commissioner, delivered a keynote speech at the Data and the Future of Financial Services Summit. The speech focussed on the ICO’s regulatory philosophy and how it is empowering businesses in the finance sector and protecting…

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FCA PS23/3 - A new financial resilience regulatory return

23 May 2023 - In The News

High quality baseline financial resilience data is essential in helping the FCA to understand the risk of firm failure and risks across the financial services sector, improving its ability to protect consumers, ensure market integrity and ultimately, helping…

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FCA sets out steps to improve whistleblower confidence

4 May 2023 - In The News

Following a qualitative survey of whistleblowers, and alongside the publication of the latest whistleblowing quarterly data, the FCA has set out actions to improve the confidence of whistleblowers – including sharing further information with whistleblowers on…

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FCA consults on its fees and levies proposal for 2023/24

18 Apr 2023 - In The News

The FCA is consulting on the rates for the regulatory fees and levies for the next financial year (1 April to 31 March). The Consultation Paper (CP 23/7) explains how it proposes to recover the costs of carrying out its work, covering: The FCA’s annual…

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FCA publishes its 2023/24 business plan

4 Apr 2023 - In The News

Although the FCA published a three-year Strategy last year, it also published the usual 12-month Business Plan, and has done so again this year. Within the Business Plan 2023/24 the FCA has set out an ambitious programme for the next 12 months to achieve…

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Financial Ombudsman service award limit increases

28 Mar 2023 - In The News

The FOS award limit is the maximum amount it can require a financial business to pay when it upholds complaints. This limit is adjusted each year in line with inflation, as measured by the Consumer Prices Index (CPI). The FCA has confirmed that, from 1…

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