On 10 July 2025, the Financial Conduct Authority (FCA) issued a press release stating that it is planning to review its client categorisation rules to unlock more opportunities for wealthy investors and support capital markets, driving economic growth.
Nikhil Rathi, chief executive of the FCA, said: ‘Modernising the client classification regime will provide
On 1 July 2025, the Financial Conduct Authority (FCA) published Policy Statement 25/8: FCA regulated fees and levies 2025/26 (PS25/8).
In PS25/8 the FCA sets out the 2025/26 regulatory fees and levies for itself and the Financial Ombudsman Service (FOS). It also covers the rules that enable it to
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
On 23 May 2025, the Financial Conduct Authority (FCA) published Handbook Notice 130.
This Handbook Notice describes the changes to the FCA Handbook and other material made by the FCA Board under their legislative and other statutory powers on 1 May and 22 May 2025.
On 1 May 2025, the FCA Board
On 30 April 2025, the Financial Conduct Authority updated its webpage on supervisory correspondence by adding a section on historical letters and market reports.
The section states that the FCA has marked most supervisory correspondence pre-dating April 2022 as ‘historical’ and no longer current.
On 24 April 2025, the Prudential Regulation Authority (PRA) updated its webpage on waivers and modifications of rules.
The update refers to a modification by consent of Rules 6.3 of Chapter 6 of the Credit Union Part of the PRA Rulebook. The PRA is making available a modification to those credit unions that
On 21 March 2025, the Financial Conduct Authority (FCA) announced a comprehensive market study into the distribution of pure protection products to individual retail customers (MS24/1.2). This initiative aims to ensure that the market functions effectively and that consumers receive fair value and good outcomes from these products. The study puts commission arrangements
On 10 April 2025, the Prudential Regulation Authority (PRA) published Consultation Paper 8/25 ‘Regulated fees and levies: Rates proposals for 2025/26’ (CP8/25).
CP8/25 is the PRA’s annual consultation on regulated fees and levies. The PRA’s Annual Funding Requirement (AFR) for 2025/26 is composed solely of the budgeted cost of