On 5 November 2025, the FCA issued a statement providing an update on the consultation proposals for its motor finance consumer redress scheme CP25/27. The FCA states that it is extending the consultation deadline until 5pm on 12 December. It still expects to publish final rules in early 2026 albeit that will now be either
The BFSA: Guidelines for firms
On 3 November 2025, the Financial Conduct Authority and Prudential Regulation Authority co-published guidelines for firms on the Berne Financial Services Agreement (the BFSA). After describing the BFSA the guidelines provide further information for Swiss investment services firms, UK insurance firms and UK investment services firms.
Global Regulation Tomorrow Plus: Split the Difference: Episode 17 – The Berne Financial Services Agreement
In this special edition of our podcast series, Split the Difference, Hannah Meakin, Matthew Gregory and Ben Hilary are joined by Andrea Huber of Pestalozzi Attorneys at Law to discuss the Berne Financial Services Agreement (BFSA). After setting out the background to the BFSA and where both countries have got to with regard to implementation
PRA and FCA announce changes to banker bonuses for 2025
On 15 October 2025, the Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) published Policy Statement 21/25: Remuneration Reform (PS21/25).
Background
On 26 November 2024, the PRA and the FCA published a joint Consultation Paper (PRA CP16/24 / FCA CP24/23) on proposed reforms to the dual-regulated firms’ remuneration
Global Regulation Tomorrow Plus: Mansion House and Leeds Reforms mini-series – proposals regarding the Financial Ombudsman Service and redress
In the last episode of our mini-series on the Chancellor’s Mansion House speech and Leeds Reforms, Katie Stephen, Matthew Gregory and Catherine Pluck discuss the proposals in relation to the Financial Ombudsman Service and redress.
Listen to our podcast here.
FCA motor finance redress scheme: Nine points to help firms navigate the proposals
The FCA’s consultation paper on a motor finance consumer redress scheme (the Scheme) has now been published in CP 25/27. The FCA’s analysis suggests that the motor finance industry is set to provide over £8bn in redress, but is also likely to spend almost £3bn to implement the Scheme; confirming that – as
FCA consultation on motor finance consultation scheme
On 7 October 2025, the Financial Conduct Authority (FCA) published a consultation paper setting out its proposals in relation to setting up an industry-wide redress scheme to compensate motor finance customers who were unfairly treated between 2007 and 2024.
Background
The FCA set out that it considers that a compensation scheme is the
Global Regulation Tomorrow Plus: UK cryptoasset regulation mini-series – Episode 5 – Application of the FCA Handbook
In the fifth episode of our new mini-series covering UK cryptoasset regulation Hannah Meakin, Matt Gregory and Charlotte Carnegie discuss the FCA’s proposed application of certain parts of the FCA Handbook in relation to Regulated Cryptoasset Activities.
Listen to our podcast here.
New briefing note – Cryptoasset firms: What are the FCA’s latest proposals?
On 17 September 2025, the Financial Conduct Authority (FCA) published a Consultation Paper (CP25/25) setting out proposals for certain rules and guidance that would apply to Cryptoasset Firms once they are brought into the authorisation regime.
We have now released a new briefing note on CP25/25, explaining the FCA’s key proposals.
FCA Consumer Duty Updates – requirements review, CEO letter to the Chancellor on wholesale firms, and focus areas for 2025/2026
On 30 September 2025, the Financial Conduct Authority (FCA) published three updates in relation to the Consumer Duty: a webpage setting out an update on the FCA’s Consumer Duty requirements review; a letter from FCA Chief Executive Officer, Nikhil Rathi, to Chancellor Rachel Reeves on the FCA’s review of the Consumer Duty’s application