
Appointed Representative Regime Reform: What UK Firms Need to Know About the New FCA Rules
HM Treasury's 11 August 2025 policy statement on reforming how authorised firms appoint and oversee appointed representatives, and what firms should do.
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Clear, practical commentary on FCA regulation, enforcement and sector change, for the people who have to act on it.
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HM Treasury's 11 August 2025 policy statement on reforming how authorised firms appoint and oversee appointed representatives, and what firms should do.

The Consumer Duty took effect on 31 July 2023. What firms should be doing now that the FCA's focus has moved from implementation to outcomes.

This week, the FCA delivered action on two fronts: enforcement and redress reform. It’s a call for firms to be both vigilant and prepared.

From fines to financial access, the FCA continues to evolve — balancing strong enforcement with structural reform.

This week’s FCA updates focus on growth, governance, and global cooperation. A record £42 million fine against Barclays underscores the FCA’s uncompromising stance on financial crime controls.

This week, the FCA pulled no punches in its approach to market integrity and customer protection — issuing fines, securing convictions, and upgrading its regulatory infrastructure. Here's what matters and what firms should do next.

This week, the FCA took a bold step forward in reshaping both how firms operate and how customers experience financial services.

Explore this week’s FCA updates on mortgage reform, payment oversight, and market strategy — and what they mean for your firm’s next move.

AML, conflict-of-interest and operational-resilience fines are rising fast. Learn how to safeguard your firm before the next FCA crackdown.

The ten largest FCA fines since 2013 total about £2.2 billion, led by FX trading and anti-money laundering failures at major banks.

UK banks have paid £3.96 billion in FCA fines since 2013, 83 per cent of total fine value across the sectors below. This breakdown shows fine value and case numbers by sector.

£4.77 billion in FCA fines since 2013. Explore annual trends, sector hot-spots and compliance priorities for 2025.

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