The Financial Conduct Authority (FCA) has sent a Dear CEO letter to Annex 1 Financial Institutions, setting out its findings from its recent assessment of Annex 1 firms’ compliance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, SI 2017/692 (MLRs). The FCA identified ‘basic failures’ of compliance with the MLRs which ‘must be addressed’. The FCA is increasing its proactive supervision of Annex 1 firms’ financial crimes, controls and procedures and tells Annex 1 firms to complete a gap analysis against each of the common weaknesses in financial crime controls identified in the FCA’s letter, within six months. Where a firm identifies areas where they are falling short of the FCA’s expectations, they need to act promptly to resolve them; failing to take suitable steps may result in regulatory interventions including the removal of their registration under the MLRs.

The Financial Conduct Authority (FCA) has written Dear CEO letters to banks and building societies, and to payment and e-money institutions setting out its expectations around firms compliance with the authorised push payments (APP) fraud reimbursement requirement which came into effect on 7 October 2024; the role of the Consumer Duty; and what firms can expect from the FCA’s data-led approach to monitoring progress. The FCA is asking firms to ensure that they have appropriate oversight, systems and controls in place to comply with these requirements.

On 25 October 2024, the FCA published a summary of data collected between 1 July 2024 and 30 September 2024 from its actions against firms breaching financial promotion rules, and referrals and investigations into unregulated activity.

A publication by the FCA which sets out the rules and guidance made by the FCA under powers given to it in FSMA 2000. The FCA Handbook is divided up into different guides and sourcebooks including the Listing Rules, the Prospectus Regulation Rules and the Disclosure Guidance and Transparency Rules.

FCA Handbook: Prospectus Regulation Rules sourcebook (PRR) FCA Handbook:

This Practice Note provides an overview of the contents and structure of the Financial Conduct Authority (FCA) Handbook. On 1 April 2013, the Financial Services Authority (FSA) Handbook was split between the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) to form two handbooks: • one for the PRA, which contains provisions made by the PRA that apply to PRA-authorised firms: the PRA Rulebook, and • one for the FCA, which contains rules and guidance and other provisions made by the FCA that apply to FCA-authorised firms: the FCA Handbook Most provisions in the FSA Handbook were incorporated into the PRA’s Handbook (replaced by the PRA Rulebook on 29 August 2015), the FCA’s Handbook, or both, in line with each regulator’s set of responsibilities and objectives. Other provisions were deleted. While the FCA Handbook 'designates' or 'adopts' provisions formerly found in the FSA Handbook, substantive changes were made to reflect the FCA’s role and powers. This includes such aspects as the processes for applying for authorisation, passporting, controlled functions, threshold conditions and enforcement powers.

This Practice Note provides an overview of the Financial Conduct Authority (FCA) Handbook, which sets out the FCA’s legislative and other provisions established under powers granted by the Financial Services and Markets Act 2000 (FSMA 2000). The note outlines the basic block structure of the Handbook, which includes: High Level Standards; Prudential Standards; Business Standards; Regulatory Processes; Redress; Specialist sourcebooks; Listing, Prospectus and Disclosure Rules; Handbook Guides; Regulatory Guides and a Glossary. Although this Practice Note provides guidance specifically for the insurance and reinsurance sector, it also touches upon the general aspects of the Handbook. Background On 1 April 2013, the Financial Services Authority (FSA) Handbook was split between the FCA and the Prudential Regulation Authority (PRA) to form two handbooks, one for the PRA and one for the FCA. Most provisions in the FSA Handbook were incorporated into the PRA’s Handbook (replaced by the PRA Rulebook on 29 August 2015—so named because, unlike the FCA, the PRA does not usually issue guidance), the FCA’s Handbook, or both, in line with each regulator’s

The Financial Conduct Authority (FCA) has published a speech delivered by its chief data, information and intelligence officer, Jessica Rusu, at the AI and Digital Innovation Summit during City Week 2025, outlining how the FCA plans to harness artificial intelligence (AI) and technology to deliver its 2025–2030 strategic priorities. Rusu emphasised that innovation is central to all four pillars of the FCA’s strategy: improving consumer outcomes, reducing financial crime, enhancing regulatory efficiency, and supporting growth. She highlighted the FCA’s commitment to fostering a pro-innovation regulatory environment through initiatives such as the Supercharged Sandbox and AI Live Testing, which are designed to support safe experimentation and deployment of AI in financial services.

The Financial Conduct Authority (FCA) has published a speech by its Chief Executive, Nikhil Rathi, addressing the FCA’s secondary objective to support growth and international competitiveness.  Rathi addresses operational effectiveness, including the FCA’s proposals around publicising enforcement investigations. The FCA has also published a webpage and research note by FCA economists entitled: The growth gap: a literature review of regulation and growth; it invites comments and suggestions for further FCA research.

The Financial Conduct Authority (FCA) has published a speech by its chief executive, Nikhil Rathi, on supporting private market growth and UK investment management competitiveness. Rathi also discusses the Court of Appeal ruling that car dealers receiving commissions from lenders without customer disclosure and informed consent is unlawful, based on fiduciary duty principles.

This Checklist sets out good and poor practice in relation to implementation and operational readiness in anticipation of the Financial Conduct Authority’s (FCA) final rules and guidance on non-financial misconduct (NFM) in force from 1 September 2026. It addresses implementation steps across numerous elements, including: • mobilisation planning • governance, accountability and decision making • policy suite and contractual controls • processes: intake, triage, investigation, outcomes • Senior Managers & Certification Regime (SM&CR)/Conduct Rules/FIT integration • regulatory reporting, notifications and references • training, communications and embedment • management information (MI), assurance, testing and audit The practices are considered below in the form of a checklist, alongside: • associated artefacts that may need to be produced or updated • evidence that can support in demonstrating compliance, and • references to key resources which underpin the actions listed A list of abbreviations used in this Checklist is set out at the end. For further practical guidance on non-financial misconduct, see: Culture and social governance in financial services—overview.

The Financial Conduct Authority (FCA) has used its own initiative powers to vary the authorisation of EPayPro UK Limited (EPayPro). The FCA has published a First Supervisory Notice directed to EPayPro, imposing requirements with immediate effect including restricting EPayPRO from charging clients a compliance fee and requiring it to inform clients of the imposition of the requirements and their effects. The requirements are imposed for reasons that the firm may have breached the Payment Services Regulations 2017 (SI 2017/752) (PSRs) and may have relied on a variation term within its terms and conditions where there is a significant risk that a court would consider the term unfair under the Consumer Rights Act 2015 (CRA 2015).