On 21 May 2026, the Financial Conduct Authority (FCA) published its findings from its Transition Finance Pilot (the Pilot) which examined barriers to scaling finance for climate solutions.
Background
Announced as part of the Financial Services Growth and Competitiveness Strategy in July 2025, the Pilot was a market engagement exercise led by
Introduction
The UK investigations and enforcement landscape continues to shift.
The Crime and Policing Act 2026, which received Royal Assent on 29 April, includes a significant expansion of corporate criminal liability, extending the senior manager attribution test to all criminal offences – a development with potentially far-reaching implications for businesses.
It is a time of
What Is PASS and who should use it?
The Financial Conduct Authority’s (FCA) Pre-Application Support Service, or PASS, is a free, pre-application meeting service where firms can discuss their plans and intentions with the FCA’s authorisations team ahead of submitting a formal application. While the service has existed for some years, the FCA has placed
On 20 May 2026, the Securitisation (Overseas STS Equivalence) (European Union, Iceland, Liechtenstein and Norway) Regulations 2026 were made.
These Regulations come into force at 11:00pm on 30 June 2026 and amend the UK securitisation framework to remove the time limit on the temporary recognition of certain simple, transparent and standardised (STS) securitisations
On 21 May 2026, the Payment Systems Regulator (PSR) published its proposed direction and guidelines: regulatory financial reporting in relation to the market review of card scheme and processing fees.
Background
In April 2025, the PSR published a remedies consultation (CP25/1), setting out four potential remedies to address its conclusions from
On 21 May 2026, the Financial Conduct Authority (FCA) published a consultation paper in relation to the registration of authorised fund assets (CP26/16).
Summary
The FCA set out in CP26/16 that it considers that private markets (such as real estate, infrastructure, private credit and private equity) are vital to UK economic
On 20 May 2026, Meg Hillier, Chair of the Treasury Committee, published a letter to Nikhil Rathi, Chief Executive of the FCA, regarding the Motor Finance Compensation Scheme. The letter poses a series of questions about the Scheme and requests that the FCA provide answers by midday 4 June 2026.
On 20 May 2026, the Financial Conduct Authority (FCA) announced that its Scale-up Unit was now open to solo regulated firms.
The Scale-up Unit provides a dedicated point of contact to tackle some of the challenges scaling firms face and previously a pilot cohort for dual-regulated firms was launched in early 2026.
To
In the latest three episodes of our AI mini-series, Professor Peter McBurney discusses some of the key questions around AI and financial services covering:
The episodes are a valuable primer for board members who may not be familiar with AI, helping to demystify the