Expert Analysis • Updated Daily
FCA News & Analysis
Beyond the headlines: Impact analysis, sector insights, and actionable intelligence from ex-FCA regulators. Monitor consultations, enforcement, and policy changes affecting your firm.
Intelligence Coverage
- • Impact assessment for every FCA publication
- • Sector-specific analysis and deadlines tracking
- • Consultation summaries with response guidance
- • Enforcement action insights and trends
FCA news & analysis
565 FCA publications, newest first, 16 of them priority (score 90+). Our own commentary is in Our analysis Showing 321–360 of 411.
- News & SpeechesMotor finance compensation scheme to include implementation periodWe'd also streamline the scheme, so millions get compensation in 2026. We're considering over 1,000 responses to our proposals for a compensation scheme for motor finance customers who were treated unfairly.If we proceed with a scheme, we are likely to make several changes. If we do go ahead, we expect to publish final rules in late March. The timing of publication will be outside market hours and we'll confirm the date in advance. Final decisions on the scheme have not yet been made. But to help firms prepare and ensure consumers get any money owed promptly, we're setting out some details now on how we intend to streamline the consumer journey and make it smoother for firms to operate.Given the scale and complexity of the scheme and in response to feedback, we're likely to introduce an implementation period of 3 months, with up to 5 months for older agreements. Firms...Consumer Credit4 March 2026
- News & SpeechesOPBAS identifies areas where anti-money laundering supervisors can improveThe latest report from the Office for Professional Body Anti-Money Laundering Supervision (OPBAS) finds there is still room for improvement. The anti-money laundering supervisors of professional services firms are more effective than at any time since 2018. However, OPBAS remains concerned that their enforcement lacks the teeth to deter firms from falling short of minimum standards.OPBAS’s latest report found Professional Body Supervisors (PBSs) generally continue to demonstrate good levels of compliance. Yet some PBSs continue to perform poorly in their enforcement approach relative to other areas, and supervision could also be improved. OPBAS is concerned that for some PBSs, their dual role as both a membership organisation and a supervisor can hinder effective action.Mark Francis, director, specialists at the FCA, said: 'Fighting financial crime is a priority for the FCA. In recent years, OPBAS has driven progress in the way money laundering is tackled in the legal and accountancy sectors,...Consumer Credit3 March 2026
- News & SpeechesUK Listing Rules for investment entities reviewWe are bringing forward a review of some aspects of the UK Listing Rules to consider how they apply to specific types of investment entities. As part of the Primary Markets EffectivenessReviewwe explored which types of investment entities could be eligible to be listed. Since introducing the new listingruleswe have heard from stakeholders that these eligibility criteria, particularlyregardingrisk-spreading, may be unduly restrictive. We will use this review to assess if changes should be made.As part of this review, we will also conduct targeted work to assess howourrules, in the context of company law, ensure that boards support strong shareholder rights and engagement and manage conflicts of interests.We plan to set out proposals in a consultation paper and to complete the work by the end of the year.Corporate Finance3 March 2026
- News & SpeechesFCA opens authorisation gateway for targeted supportFirms can now apply for permission to provide targeted support. Targeted support is a once in a generation change that will help millions navigate their financial lives. From 6 April 2026, people’s banks, pension providers, or other financial firms that are authorised for targeted support can provide suggestions designed for groups of consumers with common characteristics. This will help them make important decisions across their pensions and investments.We want authorised firms to be ready to offer the new service as soon as the rules take effect. And, for these firms to take advantage of the reforms, to be bold and provide support for their customers.An important milestoneCurrently, consumers don’t have access to the help they need to make these important decisions. We estimate around 23 million consumers are currently underserved by the markets for advice and guidance.Targeted support will help fill the gap between generic guidance and individualised advice and...Banking2 March 2026
- News & SpeechesSustainability Disclosure Requirements labels: good and poor practiceFind examples of good and poor practice for using labels under the Sustainability Disclosure Requirements (SDR) regime. ... Firms have been able to use sustainability labels under the SDR regime since July 2024.The labelling part of the regime seeks to improve transparency and equip consumers with information to navigate the market.While implementing sustainability labelling, we’ve found examples of good and poor practice disclosures. We’ve set these out below for each of the 4 labels. These examples are intended to help firms prepare pre-contractual disclosures for use of labels, following the pre-contractual disclosure examples we published previously.27 February 2026
- News & SpeechesRenaissance at market speed: UK wholesale finance in 2026Speech by Nikhil Rathi, FCA chief executive, at the Goldman Sachs EMEA Head of Trading conference 2026. And as we roll with the punches, we also shouldn’t sell ourselves short.We gained ground last year - London just one point behind New York in the latest Global Financial Centres Index.There is understandable focus on equities market share and listings, where we have delivered far-reaching regulatory reforms.But on FX trading, international debt issuance, OTC derivatives, parts of commodities markets - we lead the global pack.Also seeing, as one commentator recently described it, a 'quantitative trading renaissance'.These aren’t flukes.Market activity agglomerates in locations where execution is reliable, infrastructure is resilient, talent at all levels is strong, and the rulebook is credible, pragmatic and responsive to change.Corporate Finance26 February 2026
- News & SpeechesPayments Vision Delivery Committee publishes Payments Forward PlanThe Payments Vision Delivery Committee (the Committee) has published the Payments Forward Plan (the Plan). Read the Plan on GOV.UKThe Committee comprises:HM TreasuryBank of EnglandFinancial Conduct AuthorityPayment Systems RegulatorThe Plan sets out upcoming initiatives across retail and wholesale payments, including elements of digital assets. Recent publications on open banking, stablecoins and contactless limits, alongside the initiatives in the Plan, show the high level of activity across the sector.The Plan provides clarity on what is coming and when, helping firms plan ahead and focus on innovation. The Plan sets out actions to deliver the Government’s National Payments Vision of a trusted, world-leading payments ecosystem built on next-generation technology, offering consumers and businesses a choice of payment methods.The Committee will continue to consider our collective impact on firms and support competition, innovation and economic growth.Going forwards, the Committee has agreed to add an enhanced focus on payments to the Regulatory Initiatives Grid...PaymentsBanking26 February 2026
- News & SpeechesFCA Authorisations operating service metrics 2025/26 Q3We report our authorisations metrics quarterly to provide greater transparency of our performance. This data covers October to December 2025. ... We want to make sure the UK is the best place in the world for financial services to thrive. This includes providing an effective and efficient authorisations service while maintaining high standards to protect customers and to further bolster the reputation of the UK market.Download Authorisations operating service metrics 2025/26 Q3 (PDF)Q3 2025/26 is the first quarter we will be reporting against our new targets. Some of these reduced timelines will be reflected in proposed statutory deadlines published and consulted on by the Government and some reflect our own new, faster targets. As part of our work to support UK growth, we have decided to voluntarily start working towards all these faster targets, ahead of any legislation. These targets are deliberately ambitious and will require consistently high performance from...Payments26 February 2026
- News & SpeechesFCA proposes action to close gaps in borrowers’ credit filesLenders could have access to more comprehensive information to support lending decisions, under new proposals by the FCA. The FCA is consulting on designating certain credit reference agencies (CRAs). If a lender shares credit information with one designated consumer CRA, it would be required to share it with them all.The changes aim to close gaps in consumers’ credit files and ensure these more accurately reflect people’s financial circumstances.Alison Walters, director of consumer finance at the FCA, said: 'Access to affordable credit relies on good-quality data – it’s vital in helping consumers navigate their financial lives. That’s why we want to make sure everyone’s credit information is as full and accurate as possible.'CRAs collect personal financial data – including credit repayment histories – to provide lenders with information that helps inform lending decisions.Where the information CRAs hold is limited, people may face barriers to accessing credit, or be exposed to increased...Consumer CreditMortgages25 February 2026
Show 31 more on this page
- News & SpeechesA smarter approach to communicating our regulatory prioritiesWe've launched our new Regulatory Priorities reports, starting with the insurance sector. This marks a new approach that will help to transform our supervision and streamline regulation.We expect regulated firms to follow the rules and stay informed about any changes. This is important for maintaining a safe and resilient market. Our mission to be a smarter regulator means reducing burden where we can, so that firms can get the information they need as efficiently as possible.Our Regulatory Priorities publications are part of this drive to simplify things. They replace our portfolio letters, which set out our expectations for firms in various markets.There were more than 40 of these letters, with some firms needing to work through several to understand what they needed to do. We know these created an extra layer of complexity, and we’ve responded to these concerns.What firms can expectThere are just 9 of the new publications, covering...Consumer CreditInsurance24 February 2026
- News & SpeechesIndependent Football Regulator and FCA Memorandum of UnderstandingWe have signed a Memorandum of Understanding (MoU) with the Independent Football Regulator (IFR). The MoU establishes how the 2 organisations will work together and support effective regulation where football and financial services intersect.It also sets out a high-level framework for principles for cooperation between the IFR and the FCA.Read the MoU (PDF)24 February 2026
- News & SpeechesStatement on notifications relating to admissions to trading and recent changes to the UK Listing RulesOur clarification about forbearance following the introduction of the new Public Offers and Admissions to Trading Regulations (POATRs) regime. On 19 January 2026, the Public Offers and Admissions to Trading Regulations (POATRs) regime and associated changes to our listing processes in the UK Listing Rules (UKLR) came into force. These changes introduced a requirement in the Prospectus Regime Manual (PRM 1.6.4R) for issuers to notify a Regulatory Information Service (RIS) of any admission to trading within 60 days of the admission.A key reason for introducing a 60-day notification period was to avoid requiring frequent issuers of securities to publish detailed notifications each time shares are admitted to trading. The policy intention was to support transparency in a proportionate manner by enabling issuers to group admissions occurring within a 60-day period into a single notification.Since the rules took effect, it has been brought to our attention that potentially overlapping requirements in...Consumer CreditCorporate Finance19 February 2026
- News & SpeechesFCA exchanges letters on cooperation with India regulator, IFSCAWe have signed an Exchange of Letters with the International Financial Services Centres Authority (IFSCA). IFSCA is the unified regulator for financial institutions operating in Gujarat International Finance Tec-City (GIFT City), India’s first international financial services centre.This agreement affirms both authorities’ commitment to develop our regulatory relationship.Download our letter (PDF)The letters set out the intention to share regulatory knowledge and best practice to support the development of financial services in both jurisdictions and to promote greater links between GIFT City and UK financial markets.In addition to the Exchange of Letters, to help develop our relationship with India’s financial regulators we will be posting an FCA Financial Services Attaché to the British Deputy High Commission in Mumbai later in 2026.11 February 2026
- News & SpeechesNew protections confirmed for Buy Now Pay Later borrowersBuy Now Pay Later (BNPL) borrowers will benefit from stronger protections from 15 July 2026, following the Government's decision to bring the sector under the FCA's regulation. BNPL will be subject to the Consumer Duty and consumers will benefit from:Clear information: Consumers will get clear, upfront details about their agreement, including when payments will be due, amounts, and what happens if they miss a payment.Affordability checks: Lenders must carry out proportionate checks to make sure customers can afford to repay what they borrow before offering BNPL.Support when needed: Lenders will need to offer support to customers in financial difficulty, and, where appropriate, direct them to free debt advice.Complaints and compensation: If something goes wrong, consumers will be able to complain to the Financial Ombudsman Service.BNPL provides an important source of credit for many, but there are no protections in place currently for those who use it repeatedly and may not...Consumer Credit11 February 2026
- News & SpeechesFCA takes action against HTX to stop illegal financial promotionsThe FCA has begun legal proceedings against global crypto exchange HTX (formerly Huobi) for illegally promoting cryptoasset services to UK consumers. Access documents on this claim on the FCA websiteFirms providing crypto products to UK consumers need to comply with rules which protect consumers from unfair and misleading marketing. Advertising cryptoassets on social media or websites without complying with these rules is a criminal offence.Since the rules came into force in October 2023, the FCA has engaged extensively with firms, and the majority have reacted positively in complying with the new regime.The FCA previously warned about HTX’s illegal promotion of crypto services to UK consumers. However, it has continued to publish financial promotions in breach of these rules on its website and on social media platforms, including TikTok, X, Facebook, Instagram and YouTube.HTX operates an opaque organisational structure, hiding the identities of its owners and the operators of its website....Consumer Credit10 February 2026
- News & SpeechesHTX (formerly Huobi): legal proceedings informationFCA v Huobi Global S.A. and Others. On 21 October 2025, the FCA commenced proceedings in the Chancery Division of the High Court against the following parties:HUOBI GLOBAL S.A.(a company incorporated in Panama)PERSONS UNKNOWN (who are the owner of, controller and/or the persons currently in control of all or part of www.htx.com and/or its associated mobile applications (“the HTX Exchange”))PERSONS UNKNOWN (who are the legal and/or natural persons defined as the HTX Operators in the HTX Platform User Agreement (version dated 13 July 2023))PERSONS UNKNOWN (who are the persons currently in control of promotions on behalf of the HTX Exchange on any of the following social media platforms and/or messenger services: X, Facebook, Instagram, Telegram, Tik Tok, You Tube, Discord, Medium and/or LinkedIn)PERSONS UNKNOWN (who are such additional persons who on or before 31 October 2028 become owner or controller of the HTX Exchange and/or become legal and/or natural person...10 February 2026
- News & SpeechesIndependent assessment to support establishment of a Future EntityWe have published a letter to trade associations to provide an update in the development of a Future Entity (FE) for open banking. The letter confirms the appointment of KPMG to provide an independent assessment of proposals to establish a standards-setting body for UK open banking APIs that is capable of becoming the Future Entity. It explains the purpose and scope of the assessment, the respective roles of the FCA, industry, trade associations and the independent assessor, and how firms can engage in the process.We are publishing the letter to ensure transparency and broad access to information across the open banking ecosystem. The independent assessment will support decision-making at a time when the FCA does not yet have legislative powers to oversee a Future Entity.Read the letterPaymentsBanking6 February 2026
- News & SpeechesGemini Payments UK Ltd and Gemini Intergalactic UK Ltd exit the UK marketFrom 6 April 2026, Gemini is closing all customer accounts in the UK. Gemini Payments UK, Ltd (GPUK) is authorised by the FCA to issue electronic money (e-money) and provide payment services.Gemini Intergalactic UK, Ltd (GIUK) offers cryptoasset products. These activities are not regulated by the FCA, although we oversee compliance in accordance with UK anti-money laundering regulations. On 5 February 2026, GPUK and GIUK confirmed they plan to exit the UK market. Effective 6 April 2026, Gemini will close all customer accounts in the UK, in a phased wind-down exercise. Until 4 March 2026, customers can continue using their accounts without disruption. From 5 March 2026, all customer accounts will be placed in ‘withdrawal-only’ mode.We recommend GPUK and GIUK customers read the support article published by Gemini for detailed guidance and frequently asked questions. If you have a complaint about GPUK, consider making a complaint to the Financial Ombudsman...Payments6 February 2026 · deadline 6 Apr
- News & SpeechesFCA stops Advantage Wealth Management Ltd from carrying out regulated activities and imposes assets restrictionThe FCA has imposed restrictions on independent financial adviser Advantage Wealth Management Ltd (AWM), which means it must not dispose of any assets or conduct any regulated activities without the written consent of the FCA. The action follows concerns that AWM is not being managed in a way that ensures that its affairs are conducted in a sound and prudent manner. We issued a First Supervisory Notice (PDF)on 22 December 2025, outlining further details about our concerns and the basis for imposing the restrictions:Treatment of customers– the FCA has concerns about the circumstances in which several AWM customers had their investments moved into cash holdings.Appropriate financial resources– the FCA is not satisfied that AWM has or will have appropriate financial resources.Levels of cooperation– AWM has not been open and cooperative with us.The firm must not conduct any regulated activities without the FCA’s prior written consent and, as a result, can...Consumer CreditInvestment5 February 2026
- News & SpeechesUpper Tribunal finds that Banque Havilland devised a plan to harm the Qatari economyThe Upper Tribunal has upheld the FCA’s decision that Rangecourt SA (formerly Banque Havilland), Edmund Rowland, the former London CEO and Vladimir Bolelyy, a former Bank employee, acted without integrity. The Tribunal agreed with the FCA that significant fines should be imposed, deciding that fines of £4m, £352,000 and £14,200 were appropriate for Rangecourt SA, Mr Rowland and Mr Bolelyy respectively. The Tribunal also upheld the FCA’s decision to ban Mr Rowland and Mr Bolelyy from working in financial services.Banque Havilland created a plan (initially titled ‘Setting fire to the neighbour’s house fund’) to harm the Qatari Riyal through manipulative trading strategies. The aim was to devalue the Qatari currency and break its peg to the US Dollar, harming the economy of Qatar. Banque Havilland intended to present this manipulative trading strategy to a sovereign wealth fund, Mubadala Investment Company. Mr Rowland and Mr Bolelyy were instrumental in this deliberate...Banking3 February 2026
- News & SpeechesInsurance in the round: Innovation, growth and trustSpeech by Sarah Pritchard, FCA deputy chief executive, at the ABI Annual Conference. IntroductionIt’s hard to think of a more symbolic venue to discuss driving change in the insurance sector than the QEII Centre.Step outside, and you’re in the shadow of both the Houses of Parliament, and Westminster Abbey. Scrutiny, change and serving citizens on one side. Tradition on the other.That’s where insurance sits, too.As an industry, you have to balance the new with the non-negotiables – finding ways to innovate while ensuring outcomes and trust keep pace. Throughout history, you’ve done exactly that.The UK Customer Satisfaction Index shows you understand and care for your consumers.That, alongside your ability to spot a need and build a market around it, is what makes our insurance markets world-leading.In our ever-changing world, insurance is critical. It shields millions of consumers from losses that could make them financially vulnerable. Underpins resilience for businesses. Drives...Insurance3 February 2026
- News & SpeechesRegulators announce first firms to join Scale-up UnitThe Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) have announced the first cohort of banks and building societies to benefit from their joint Scale-up Unit. The Scale-up Unit announced last year is designed to build stronger ties and provide tailored support for fast-growing and innovative financial firms, helping them to grow sustainably at pace.The 6 firms that expressed interest and have been accepted to the first cohort are:Allica BankClearBankMonument BankNottingham Building SocietyOakNorth BankZopa BankThese firms will receive support designed to help them navigate the regulatory landscape as they develop new products, attract new customers, and move into new markets.PRA and FCA officials will meet directly with the firms, both as a group and individually, throughout the coming months. This will also help the PRA and FCA better understand scaling firms’ experience of the regulatory process, with the aim of improving regulatory processes for the entire sector to help...Consumer CreditInsuranceBanking3 February 2026
- News & SpeechesFalling cost of premium finance saving consumers around £157m a yearPeople who pay monthly for their insurance are saving around £157m a year, with over half the firms the FCA reviewed as part of a market study lowering the cost of premium finance. Interest rates for premium finance have fallen by an average 4.1 percentage points since 2022, saving consumers £8 on a typical motor policy and £3 on a typical home policy per year. The changes result from regulatory attention, fair value assessments and base rate reductions. The FCA has seen even more significant changes made by firms it identified as at highest risk of not providing fair value, following direct engagement with them. These firms reduced APRs by 7 percentage points on average – saving £14 on a typical motor policy and £4 on a typical home policy per year.Graeme Reynolds, director of competition and interim director of insurance at the FCA, commented:'For millions, paying for insurance monthly...PaymentsInsuranceBanking3 February 2026
- News & SpeechesWhat do we mean when we say 'fair value'?What does 'fair value' mean in financial services? It might sound like dry regulator speak, but it’s really asking a simple question – are customers paying a reasonable price for a product, compared to the benefits they get in return?This is not us setting a particular price or level of profit which firms can make. But it's a challenge to firms – can they provide evidence that their customers are getting a fair deal? If they can’t, then they need to look again.This applies across financial services. One of the first areas we looked at after the introduction of the Consumer Duty was the cash savings market – prompted by complaints that savers weren’t seeing the benefits of high base rates. After working with the 9 largest banks, we saw improvements in both the rates available to savers and the volume and timing of firms’ communications to savings customers.We also...PaymentsConsumer CreditInsurance3 February 2026
- News & SpeechesThe role of the FCA and PSR in delivering the National Payments VisionSpeech by David Geale, executive director, payments and digital finance and Payment Systems Regulator (PSR) managing director, at the Payments Regulation and Innovation Summit 2026. A payments system that works for everyoneJust before Christmas I was in Billericay for the opening of the 200th banking hub.I got to chat to local people and business owners about the difference the hub will make to their everyday lives. It was great.Although if I’m honest, the biggest talking point was probably the giant chocolate coins made specially for the occasion.Roman coins. Medieval coins. Old two shilling pieces. All the size of dinner plates.I think that’s the first time I’ve seen people genuinely happy to eat into their funds!As educational – and tasty – as the coins were, banking hubs aren’t about nostalgia for cash.They’re one part of making sure the UK payments system works for different people, different businesses, and different moments in...PaymentsBanking2 February 2026
- News & SpeechesThe FCA’s long term review into AI and retail financial services: designing for the unknownSpeech by Sheldon Mills, at the FCA's Supercharged Sandbox Showcase event. Before we begin, take a look around this room. This is the Supercharged Sandbox. 23 firms at the frontier of retail financial services, chosen from 132 applications. If anyone still doubts the pace of AI change in our sector, this room is the answer.The Board has asked me to lead the long-term review into AI and retail financial services. I will report to the FCA Board in the summer, setting out recommendations to help the FCA continue to play a leading role in shaping AI-enabled financial services. This will culminate in an external publication to support informed debate.Many of you know me from my work on competition and the Consumer Duty. Those seven years taught me something simple but crucial: the real challenge in regulation isn’t dealing with what we already understand – it’s preparing for what we don’t.And...30 January 2026
- News & SpeechesEmil the Seal hijacks Waterloo station to warn commuters about investment scamsFCA stunt launches new Firm Checker tool as around 700,000 people lose money to investment scams. Morning commuters at London Waterloo got more than their usual caffeine hit today when a mysterious 'ATM' promising to 'give away a fortune' stopped them in their tracks – and revealed an unexpected surprise.As curious passers-by approached the machine, the screen slid open to unveil Emil the Seal, the FCA's finance-friendly mascot, delivering a blunt message about the dangers of investment scams.The playful stunt cut through the rush-hour chaos, cajoling commuters to engage with the ATM with the promise of receiving a 'fortune'. Instead, as they approached the ATM, Emil the Seal delivered a 'fortunate' message urging commuters to 'check it’s real before you seal the deal', making them realise that what you see isn't always what you get.The stunt is part of a new campaign from the FCA to promote its Firm Checker,...PaymentsConsumer CreditBanking29 January 2026
- News & SpeechesFCA seeks views on how to help close the protection gapThe FCA has called on the insurance industry to help more consumers access products that support them and their families if they become critically ill or die. The interim findings of its competition review of pure protection products found that, for those consumers that have taken out protection insurance, the market mostly works well. There are a wide range of products, most consumers can claim when they need to, and the costs of cover have remained stable in the last few years.But 58% of adults do not hold a pure protection product even though many could benefit from them. The FCA wants to help close this gap.Research suggests that the gap exists because consumers aren't aware of their needs and aren't prompted to consider them. Other issues include ability to pay, misunderstandings about the product or improvements needed in the sales process.The FCA is exploring what more can be done,...PaymentsInsuranceBanking29 January 2026 · deadline 31 Mar
- News & SpeechesOFSI and partners clamp down on the abuse of cryptoassetsWe’re working closely with the Office of Financial Sanctions Implementation (OFSI), UK law enforcement, and our regulatory partners to tackle the abuse of cryptoassets and associated money‑laundering activities. Read the full blog on the OFSI’s website.28 January 2026
- News & SpeechesNext steps for establishing a bond consolidated tape providerWe have signed a contract with Etrading Software (ETS) to deliver the UK bond consolidated tape. A high-quality tape will provide investors with a comprehensive overview of the bond market and support price formation and liquidity. It will help maintain the UK’s position as a highly competitive and compelling place to invest and grow.ETS has now launched a website that sets out key milestones and provides technical information for data contributors and users. We will continue to support ETS and market participants ahead of the launch of the tape, which ETS plans to take place in June 2026.The High Court lifted a freeze on the contract award in December 2025. This allows us to move forward on delivering the tape while continuing to defend a legal challenge. Further information:We recently provided an update on the contract award.28 January 2026
- News & SpeechesMills Review to consider how AI will reshape retail financial servicesThe FCA has launched a review into the implications of advanced AI on consumers, retail financial markets and regulators. The Review will be led by Sheldon Mills and builds on the FCA’s existing work on AI. This includes its AI Discussion Paper, AI Sprint, and AI Lab including AI Live Testing and its groundbreaking Supercharged Sandbox supported by NVIDIA.AI is already embedded across financial services. Rapid advances in generative, agentic and emerging forms of AI mean the next phase of change could be profound, having the power to reshape markets, change the way firms compete and how consumers use retail financial services.Sheldon Mills said:'AI is already shaping financial services, but its longer-term effects may be more far-reaching. This review will consider how emerging uses of AI could influence consumers, markets and firms, looking towards 2030 and beyond.'By taking a forward-looking view, the review will help the FCA continue to support...Payments27 January 2026
- News & SpeechesReview into the long-term impact of AI on retail financial services (The Mills Review)We review how AI may reshape retail financial services for consumers, firms, markets and regulators by 2030 and beyond, and seek your views across 4 interrelated themes. ...27 January 2026
- News & SpeechesGuavapay Limited enters compulsory liquidationOn 21 January 2026, Guavapay Limited entered compulsory liquidation. The Official Receiver, an officer of the Insolvency Service, is its liquidator. Guavapay is authorised by the FCA to issue E-money and provide payment services to its customers.On 17 September 2025, Guavapay agreed to a voluntary requirement with the FCA, restricting the activities it can undertake. See details on the Financial Services Register.As liquidator, The Official Receiver is responsible for:Managing customer claims against the firm.Returning funds to customers where possible.Deciding whether an Insolvency Practitioner should be appointed as liquidator to replace the Official Receiver.If an Insolvency Practitioner is appointed to take over as liquidator, we will provide an update accordingly.As the firm continues to be authorised by us, we will engage with the liquidator to seek the best outcome for consumers.Payments27 January 2026
- News & SpeechesFCA welcomes the Accelerated Settlement Taskforce’s 2025 report on T+1 progressThe latest Accelerated Settlement Taskforce (AST) report updates on the significant progress made towards the move to T+1. Read the AST report.Jamie Bell, head of capital markets at the FCA, said:'T+1 marks a major milestone in our drive to support growth and innovation. Faster settlement cycles will reduce risk, free up capital for faster reinvestment and align with other major markets.'We are delighted to see the great progress made last year highlighted in the AST’s report. By the end of this year, we expect market participants to update their systems and processes and be ready to test those changes. A smooth transition to T+1 will be key to maintaining market integrity.'Read more about T+126 January 2026
- News & SpeechesNew regime for securities and what consumers should look out forWe urge consumers thinking of investing in high-risk securities, such as mini-bonds and loan notes, to continue to be cautious. On 19 January 2026, the Public Offers and Admissions to Trading regime came into force. The regime sets new rules and standards about when an offer of securities to the public can be made.A security is a financial instrument that represents some type of financial value (for example, shares, bonds and stock) that can be traded on a financial exchange.The types of securities within scope of this regime include transferable securities (such as shares on a stock exchange) as well as non-transferable debt securities (including mini-bonds and loan notes).23 January 2026
- News & SpeechesFCA seeks feedback on further rules for cryptoasset firmsWe are seeking views on further rules for cryptoasset firms as the final step in our consultations on our crypto rules. We have made significant progress in delivering our crypto roadmap and are helping firms to meet our standards and get ready for when the gateway opens in September 2026.We have set out our proposals on how the Consumer Duty, conduct standards, redress and safeguarding will apply to cryptoasset firms. We are also seeking feedback on our proposed approach to international cryptoasset firms.These proposals continue our progress towards an open, sustainable and competitive crypto market that people can trust. The Consumer Duty sets appropriate standards for crypto firms by ensuring they deliver good outcomes for customers while supporting them to navigate their financial lives. At the same time, risks remain, and we want a market where innovation can thrive, but where people understand the risks. But regulation can’t – and...Consumer CreditInvestment23 January 2026
- News & SpeechesScreening for success: Opening the gateway to growthSpeech by Sheree Howard at the FCA's Gateway to growth, Chicago Booth London Conference Centre. The first time I flew was in my teenage years, and like many of my generation, that was a flight to Europe for a family holiday. I didn’t make it further afield until I was in my mid to late twenties.Today, most, if not all of us, would think of international travel as the norm – especially given the global nature of our business.It is amazing, therefore, to think that right around this time in 1970, the first jumbo jet with fare-paying passengers landed at Heathrow.That flight unlocked global travel to and from the UK on a new scale – and turned Heathrow into a gateway to the world for the majority.But with this expansion came a new issue. Airport security – the gateway into the country itself – had to be reimagined. It needed...22 January 2026
- News & SpeechesRegulators give clarity in relation to open banking pricing modelsWe have issued a joint statement with the Payment Systems Regulator (PSR) giving clarity on open banking pricing models. We and the PSR have issued the following statement (PDF).This confirms we will not, at this stage, prioritise a Competition Act 1998 (CA98) investigation into the centralised ‘access fee’ pricing model being developed by the UK Payments Initiative (UKPI) for commercial Variable Recurring Payments (cVRPs). cVRPs are an emerging open banking technology that allow consumers to give trusted third parties secure, recurring access to manage payments on their behalf. They have the potential to offer consumers and businesses control and convenience, while enabling lower-cost, more flexible payment options for businesses.After engaging with the funders of the UKPI, we and the PSR worked at pace to clarify our enforcement position on the UKPI’s proposal for a commercial model and consulted with the CMA about our planned non-prioritisation statement given concurrency arrangements. The...PaymentsConsumer CreditBanking20 January 2026
- News & SpeechesLogic Investments Ltd enters special administrationOn 16 January 2026, Logic Investments Ltd (Logic Investments) entered special administration. Alex Watkins and Ed Boyle of Interpath Ltd were appointed as joint special administrators. Logic Investments is FCA authorised and regulated to provide wealth management services. On 16 December 2025, Logic Investments agreed to an FCA requirement preventing it from accepting new clients, client money or assets; or moving existing client money or assets without FCA consent. This was done because of concerns over the firm’s financial position, and with the aim of protecting clients. The firm’s directors have concluded the firm is insolvent and applied to the court to place Logic Investments into special administration.The joint special administrators will: Manage client claims against the firm.Return client money and custody assets funds to clients, where possible. As the firm is still regulated by the FCA, we will work with the joint special administrators to seek the best outcome...Consumer CreditInvestment16 January 2026
- News & SpeechesCourt approves FCA’s proposals to distribute Asset Land investor fundsOn 19 December 2025 the High Court approved the FCA’s proposals to distribute funds to Asset Land investors. The Court has directed the FCA to pay funds to investors in the Asset Land schemes who provide valid bank account details to the FCA on or before 20 February 2026.Investors who have not received previous communications from the FCA or who have not updated their contact information are requested to immediately contact the FCA using the details below.Please ensure this is completed no later than 4pm on 30 January 2026 and include the following information:Full name.Current residential and email addresses.Residential and email addresses at the time the investment was made (if different from your current residential and email addresses).The name(s) of the site(s) and number of plots in which the investment was made, and the total amount invested.You should provide the above information, preferably by email to the following email address:...Banking16 January 2026 · deadline 20 Feb