Regulatory Updates

HM Treasury unveils action plan to cut the cost of regulation for businesses

17 Mar 2025 - In The News

The Chancellor of the Exchequer, Rachel Reeves, has met senior figures from a wide range of UK regulators to outline plans to cut the administrative cost of regulation on businesses by 25%. The FCA and the PRA were both represented at the meeting. The plans…

Read More

FCA publishes observations and insights on building operational resilience

7 Mar 2025 - In The News

The FCA published PS21/3 Building operational resilience in March 2021. The Policy Statement set out the final rules and guidance on the FCA’s new requirements to strengthen operational resilience in the financial services sector. The firms affected by the…

Read More

FCA publishes Consumer Support outcome report

7 Mar 2025 - In The News

This review report sets out the findings of an FCA review of firms’ approaches to the Consumer Support outcome of the Consumer Duty. The FCA wants firms to provide a level of support that meets customers’ needs throughout their relationship with the firm.…

Read More

ICS Steps Forward to Walk for WaterAid to Support International Women’s Day

7 Mar 2025 - In The News

The team at Insurance Compliance Services is pulling on their boots and has pledged to walk five kilometres or more a day for the month of March in aid of WaterAid’s Stand with Women project. The challenge has been launched to coincide with International…

Read More

The FCA's approach to financial crime - what should insurance distribution firms do?

28 Feb 2025 - Hot TopICS

At the end of November 2024 the FCA published a Policy Statement introducing changes to its Financial Crime Guide (‘the Guide’), which came into force on 29th November 2024. It also published Handbook Notice 124, which set out the specific sections in the…

Read More

FCA speech: “The Gordian knot of growth” – redress events commentary

27 Feb 2025 - Regulatory Updates

Nikhil Rathi, FCA Chief Executive, has delivered a speech at an Association of British Insurers (ABI) roundtable event at which he has spoken about how the FCA is working to support growth. The tone of the speech acknowledges the pressure the regulator is…

Read More
 
Share this
 
Share this