On 5 November 2025, the Financial Conduct Authority (FCA) published a speech given by Sarah Pritchard (Deputy Chief Executive, FCA) entitled Rebalancing risk for growth, the role of the Chief Risk Officer. The speech touches on the FCA’s new 5-year strategy, myth busting, the practical steps the FCA has taken to deliver
On 10 October 2025, the Digital Regulation Co-operation Forum (DRCF) published a report setting out learnings from its AI and digital hub pilot.
The AI and Digital Hub pilot was the DRCF’s trial of a multi-agency advice service, designed to support innovators navigating the evolving regulatory landscape for AI and digital technologies, which
On 10 October 2025, the Payment Systems Regulator (PSR) published a decision not to proceed with an interim cap for UK-EEA cross-border interchange fees, alongside a statement of reasons explaining this decision.
Summary
The PSR explained that in its earlier final report on the market review into the UK-EEA cross-border interchange fees, it
On 9 October 2025, the Financial Markets Standards Board (FMSB) published in final form a Statement of Good Practice on Unauthorised Trading Frameworks.
The FMSB is an industry-led, member-funded global standards body for the wholesale financial markets.
The FMSB has issued the Statement of Good Practice to help establish practical, industry-wide guidance
On 10 October 2025, the European Securities and Markets Authority (ESMA) issued its second statement concerning the transition for the application of the MiFID II/MiFIR review.
ESMA issued its first statement on the MiFID II/MiFIR review on 27 March 2024 and the statement complements an interpretative notice issued by the European Commission (
On 9 October 2025, HM Treasury issued a Policy Paper setting out the Terms of Reference for the Dematerialisation Market Action Taskforce. The Taskforce forms one part of the government’s wider Wholesale Financial Markets Digital Strategy.
On 30 September 2025, the Financial Conduct Authority (FCA) published a speech by Lucy Castledine (Director of Consumer Investments) entitled Regulatory perspective and priorities for 2025. The speech was delivered on 25 September 2025.
In her speech Lucy Castledine provides an update on the FCA’s 5-year strategy and the following four priorities:
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
On 24 September 2025, the Financial Conduct Authority (FCA) published a brief but consequential update regarding its plans to appoint a bond consolidated tape provider.
The FCA states that it has received a legal challenge to its decision awarding the contract for the consolidated tape provider. As a result, the FCA cannot enter
On 22 September 2025, the Financial Conduct Authority (FCA) published a memorandum of understanding (MoU) between itself, the Swiss Financial Market Supervisory Authority and the Bank of England (BoE), including the Prudential Regulation Authority, setting out the arrangements for supervisory cooperation and information sharing under Article 14(5) of the