In March 2026 the Financial Conduct Authority (FCA) published a Final Notice in which it prohibited Kasim Garipoglu from working in financial services in the UK, on the basis that he was not fit and proper due to a lack of honesty and integrity and also because the FCA considered that he posed
The Crime and Policing Bill 2025 received Royal Assent on 29 April 2026, meaning organisations will be criminally liable where a senior manager commits any criminal offence in the UK while acting within their actual or apparent authority. This replaces and broadens the changes made by the Economic Crime and Corporate Transparency Act 2023
On 30 April 2026, the Credit Institutions and Investment Firms (Miscellaneous Definitions) (Amendment) Regulations 2026 (made on 29 April 2026) were published on legislation.gov.uk with an explanatory memorandum.
This instrument restates in legislation certain definitions, such as CRR firm, investment firm and financial institution that are currently defined in the UK Capital Requirements Regulation
On 30 April 2026, the Financial Conduct Authority (FCA) announced that, from 11 May 2026, cryptoasset firms preparing for the new regulatory regime will be able to request a pre-application meeting with the FCA through its Pre-Application Support Service (PASS). The FCA also published a new webpage setting out what firms need
On 30 April 2026, the Financial Conduct Authority (FCA) published Policy Statement 26/7: Progressing Fund Tokenisation (PS26/7).
Background
The FCA committed to progressing a roadmap for digital assets starting in asset management in its January 2025 letter to the Prime Minister, and its Strategy 2025-2030.
As a result, in Consultation
On 29 April 2026, the Bank of England published an updated version of its Statement of Policy concerning its approach to cost benefit analysis when making rules for central counterparties and central securities depositories. The update takes into account feedback from the Cost Benefit Analysis (CBA) Panel. The Prudential Regulation Authority has also
On 29 April 2026, the Financial Conduct Authority (FCA) published Market Watch 85.
In this edition of Market Watch the FCA discusses how the Economic Crime and Corporate Transparency Act 2023 can help firms share customer information to fight economic crime.
On 28 April 2026, the Bank of England published a speech by Charlotte Gerken (Executive Director, UK Deposit Takers Supervision) entitled Maintaining momentum: progress in mutual supervision.
In this speech Charlotte Gerken discusses the Prudential Regulation Authority’s (PRA) regulatory and supervisory changes since 2025 and outlines next steps following the PRA and
On 29 April 2026, the Financial Conduct Authority (FCA) published Consultation Paper 26/15: Reviewing the financial promotions rules for consumer credit (CP26/15).
Background
Before the Consumer Duty’s (Duty) introduction in July 2023, the FCA were frequently urged to review and update the financial promotion rules in chapter 3 of
Last month the Prudential Regulation Authority (PRA) published a Final Notice imposing a financial penalty of £10,625,000 on U K Insurance Limited (UKI) in connection with a “double-counting” error which led to a miscalculation of UKI’s Solvency II balance sheet during 2023 and 2024 and consequently an overstating of its solvency