On 3 April 2025, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) launched a consultation, FCA CP25/6 and PRA CP6/25, on proposed amendments to the PRA Rulebook and FCA Guidance concerning the de minimis threshold for the loan to income (LTI) flow limit in mortgage
On 1 April 2025, the Information Commissioner’s Office (ICO) published detailed findings from its review into the use of children’s data by financial services.
The review looked at the gathering of children’s data from services supplying them with current accounts, savings accounts, trust accounts, ISAs and prepaid cards, with a focus on the
On 1 April 2025, the Financial Conduct Authority (FCA) published an update relating to the notification and disclosure of net short positions.
The update relates to:
Updated UK List of Exempted Shares
The FCA notes that
On 28 March 2025, the Financial Conduct Authority (FCA) published a speech by its CEO, Nikhil Rathi, entitled On the right track: Connecting consumers, products and growth.
Highlights include:
On 27 March 2025, the Broadcast Committee of Advertising Practice (BCAP) published its response to its previous consultation on broadcast restrictions for advertising unregulated investments.
In the response, BCAP announces that it is introducing changes to Section 14 of the UK Code of Broadcast Advertising (the BCAP Code), which relates to financial
On 25 March 2025, the All-Party Parliamentary Group (APPG) on Investment Fraud and Fairer Financial Services published its second Supplementary Report on the Financial Conduct Authority (FCA).
The Supplementary Report on the FCA is being published in instalments, with the first having been published in February 2025. The first instalment
On 25 March 2025, the Financial Conduct Authority (FCA) published a feedback statement, FS25/2: Immediate areas for action and further plans for reviewing FCA requirements following introduction of the Consumer Duty.
Background
The FCA launched a call for input in July 2024, which sought to understand how it could simplify its
On 25 March 2025, the Financial Conduct Authority (FCA) launched its new 5-year strategy for 2025-2030, which aims to deepen trust, rebalance risk, support growth and improve lives.
The FCA’s strategy focuses on four priorities, which are intended to reinforce each other:
FCA and PRA enforcement action covers a range of misconduct with recent outcomes including both retail and wholesale cases and findings in respect of matters as various as customer treatment, market abuse and risk management. The details of the breaches and the activity which gave rise to the issues may vary but a consistent theme
In this latest issue of Regulation Around the World we look at some of the key regulatory topics for 2025 in the following jurisdictions: United Kingdom, EU, France, Germany, Luxembourg, Netherlands, Italy, UAE, South Africa, Australia, Hong Kong, Singapore, Australia and China. We have not attempted to list every single reform expected this year but