On 11 June 2025, the Financial Conduct Authority (FCA) published its new Investment Advice Assessment Tool (IAAT), which is designed to assist personal investment firms in understanding how the FCA assesses the suitability of their investment advice and disclosures to consumers (excluding retirement income or defined benefit transfer advice).
The tool
On 10 June 2025, the Pension Fund Clearing Obligation Exemption (Amendment) Regulations 2025 were made together with an explanatory memorandum.
These Regulations come into force on 11 June 2025.
These Regulations relate to the temporary exemption which pension scheme arrangements, or ‘pension funds’, currently have from the obligation to clear certain derivative contracts through
On 11 June 2025, the Financial Conduct Authority (FCA) published a new webpage setting out examples of good practice and potential areas for improvement for firms providing retirement income advice.
Background
The webpage explains that, following its thematic review of retirement income advice, the FCA wanted to provide a short ‘bite-sized’ article to
On 9 June 2025, the Financial Conduct Authority (FCA) announced that it will launch its Supercharged Sandbox to help firms experiment safely with artificial intelligence (AI), with the aim of supporting innovation.
Background
The Supercharged Sandbox is part of the FCA’s AI Lab, which it launched in October 2024. The new
On 9 June 2025, a draft statutory instrument (SI) – the Financial Services and Markets Act 2023 (Capital Buffers and Macro-prudential Measures) (Consequential Amendments) Regulations 2025 – was published on legislation.gov.uk, along with a draft explanatory memorandum.
The draft SI makes technical amendments to legislation following the revocation and restatement of the
On 10 June 2025, the Financial Conduct Authority (FCA) announced that it has appointed Sarah Pritchard to a new role of deputy chief executive of the FCA.
The FCA explains that it has created the new role to reflect its expanding remit, with the integration of the Payment Systems Regulator, regulation of stablecoin
On 10 June 2025, the Financial Conduct Authority (FCA) published a policy statement, PS25/6, setting out the final rules for its new Private Intermittent Securities and Capital Exchange System (PISCES). It also published an accompanying press release.
Background
The FCA consulted in December (in CP24/29) on its proposed
On 28 May 2025, the Council of the EU published the text of the draft Regulation of the European Parliament and of the Council amending Regulation (EU) No 575/2013 as regards requirements for securities financing transactions under the net stable funding ratio. The draft Regulation enters into force on the day following its publication in
On 29 May 2025, the Financial Conduct Authority (FCA) issued a press release stating that it is reviewing and updating the requirements, directions and limitations applied to over 9,000 firms.
This action follows a review the FCA has taken to check that the data it holds on firms is accurate and that it