On 10 January 2025, the Financial Conduct Authority (FCA) issued a Dear CEO letter to credit reference agencies, and providers of credit information services setting out its strategy for this portfolio.
The letter gives firms in the portfolio some insights into the FCA’s priority areas for the next two years. This includes embedding
On 13 December 2024, the Financial Conduct Authority published the following portfolio letters:
On 6 December 2024, the FCA published Consultation Paper 24/26: Quarterly Consultation Paper No 46 (CP24/26).
In CP24/26 the FCA sets out the following miscellaneous amendments to the Handbook:
On 18 November 2024, the House of Lords (HoL) Financial Services Regulation Committee published a transcript of oral evidence given on 13 November 2024 by Financial Conduct Authority (FCA) chair Ashley Alder and chief executive Nikhil Rathi, regarding the FCA’s enforcement guidance consultation.
For key takeaways from the oral evidence, please
Introduction
On 1 November 2024, the Financial Conduct Authority (FCA) issued Finalised Guidance 24/5 ‘Prudential Assessment of Acquisitions and Increases in Control’ (FG24/5). On the same date the FCA and the Prudential Regulation Authority (PRA) issued a joint Policy Statement providing feedback to the responses received to Consultation Paper
On 1 November 2024, the Financial Conduct Authority (FCA) issued Handbook Notice 123.
This Handbook Notice sets out the instruments that the FCA Board approved on 29 and 31 October 2024.
The instruments that were approved are:
On 3 October 2024, the FCA published Handbook Notice 122.
This Handbook Notice describes the changes to the FCA Handbook and other material made by the FCA Board under its legislative and other statutory powers on 18 September 2024 and 3 October 2024. Where relevant, it also refers to the development stages of that
On 6 September 2024, the FCA published Consultation Paper 24/18: Quarterly Consultation Paper No.45 (CP24/18).
In summary, in CP24/18 the FCA is proposing to:
On 2 August 2024, the FCA published Policy Statement 24/10 ‘Expansion of the Dormant Assets Scheme: second phase’ (PS24/10).
Introduction
The Dormant Assets Scheme (DAS) was initially set up to allow banks and building societies to pay dormant monies to an authorised reclaim fund, which would then put this money towards
On 26 July 2024, the FCA published Handbook Notice 121.
In this Handbook Notice the FCA briefly covers the following instruments that the FCA Board has approved: