- a Policy Statement regarding a change to its Code of Conduct (COCON); and
- a Consultation on additional guidance in the COCON and the Fit and
Latest whistleblowing data: FCA Prescribed Persons Annual Report 2024/25
Whistleblowing continues to provide a vital role in uncovering wrongdoing in the financial services sector. The latest FCA development in this area is its Prescribed Persons Annual Report 2024/25, which was published on 24 June 2025. This report contains an update on the FCA’s whistleblowing data, as well as a summary of the FCA’s
FCA updates its Enforcement Guide
The Financial Conduct Authority (FCA) has published the updated version of its Enforcement Guide (now to be known under the new acronym ENFG, in place of the old ENF), which came into force on 3 June 2025. It has implemented the bulk of its proposed changes to streamline its enforcement guidance, although
FTPF: Considerations for In-house Lawyers
The new failure to prevent fraud (FtPF) offence, which will come into effect on 1 September 2025, poses some potential challenges for an in-house legal team (Legal Team) including anticipating and mitigating associated risks such as:
(1) the risk that a member of the Legal Team commits an underlying fraud offence
New briefing note: Spotlight on Solicitors Regulation Authority (SRA) Guidance – Part one, reporting misconduct and conducting internal investigations
Our latest briefing forms part of a new series looking in detail at the SRA’s guidance for in-house teams, issued following a thematic review of the sector, recognising the growth and importance of the in-house role and the unique pressures to which in-house solicitors can be subject. The guidance covers six topics and does not
FCA drops ‘name and shame’ and D&I proposals: key takeaways for firms
- to implement a new public interest test for announcing investigations into regulated firms (known as the ‘name and shame’
Name and Shame Round Two: FCA publishes consultation on redrafted proposals
On 28 November 2024 the FCA published CP24/2, Part 2 in relation to its controversial ‘name and shame’ proposals, having trailed this in oral evidence before the House of Lords Financial Services Regulation Committee earlier this month. In the paper, the CP24/2 proposals have been re-drafted with a view to addressing the concerns raised about
The results of the FCA’s Culture and non-financial misconduct survey have been published: What do you need to know?
- Most frequent concerns: the number of
Decisions Decoded: What you need to know about the recent fine against TSB Bank plc
- Breaches: The FCA found
Failure to prevent fraud: five key steps for regulated financial services firms
The new failure to prevent fraud offence is due to come into force during 2025. In broad terms, in respect of the financial services community, it will mean that regulated firms of a certain size could be at risk in the event that fraud is committed for their benefit or the benefit of their clients