On 5 April 2024, the Financial Conduct Authority (FCA) updated its webpage on its Perimeter Report.

The update has made amendments to the sections on Counter-Party Credit Risk, Contract for Differences, Finfluencers, the Advertising Standards Agency, the Financial Services and Markets Act 2023 and Unregulated Collective Investment Schemes. No new areas of focus or concern have been added to the webpage by the FCA, although it has amended the sections to reflect developments since the report was last updated in July 2023.

Importantly, the FCA confirms that it plans to consult on proposals to amend the Senior Managers and Certification Regime in Q2 2024 and highlights that HM Treasury has, in parallel, launched a Call for Evidence to look at the legislative aspects of the regime. The webpage outlines that the reviews aim to identify ways to improve the regime to help it work better for firms and regulators, while preserving its underlying aims. It also invites views on the regime’s scope.