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FCA applies to lift suspension on bond consolidated tape contract award

The Financial Conduct Authority (FCA) has confirmed that it has applied to the High Court to lift the suspension on awarding the bond consolidated tape contract. If the suspension is lifted, the FCA will be able to finalise its contract with Etrading Software (ETS), allowing work on the tape to progress while it continues to defend the ongoing legal challenge. The tape is intended to provide a single and reliable view of the UK bond market, enabling more informed investment decisions. The FCA is expected to submit its formal defence by the end of the week and will continue to engage with data contributors and users, alongside ETS.

PRA publishes policy statement on depositor protection

The Prudential Regulation Authority (PRA) published Policy Statement PS24/25 on depositor protection, responding to the feedback received on the consultation paper CP4/25. The Policy Statement confirms that from 1 December 2025 the Financial Services Compensation Scheme (FSCS) deposit protection limit will increase from £85,000 to £120,000 per depositor, per authorised firm. Firms are required to update related systems and disclosure materials by 31 May 2026. The increase reflects updated inflation data and forms part of the PRA’s programme to ensure the rulebook remains current.

FCA proposals reduce consumer duty compliance burden

Law360, Expert Analysis: On 30 September 2025, the Financial Conduct Authority (FCA) unveiled a suite of proposals aimed at streamlining the consumer duty regime, clarifying its application and reducing unnecessary regulatory burdens. Charlotte Rendle, senior knowledge lawyer and Rosie MacArthur, managing associate both at Simmons & Simmons LLP, discuss how the proposals aim to clarify the scope of the duty by potentially excluding business involving non-UK customers, refining its application across distribution chains, and reassessing existing exemptions, particularly those applicable to wholesale firms.

PRA publishes results of Life Insurance Stress Test 2025

The Prudential Regulation Authority (PRA) had published the results of the 2025 Life Insurance Stress Test (LIST 2025), the first conducted under the Solvency UK regime implemented in 2024. The PRA will publish individual firm results for the core scenario on 24 November 2025.

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