The Financial Conduct Authority (FCA) has announced compensation distribution for Asset Land investors. This follows legal actions taken against Asset Land companies and their directors, David Banner-Eve and Stuart Cohen, following an investigation into unlawful activities in 2012. After a trial and multiple appeals, the defendants were ordered to pay £21m for the benefit of affected investors. Due to non-payment, further steps led to the compulsory liquidation of the companies and the bankruptcy of the directors. The joint liquidators have concluded the insolvency proceedings, resulting in some funds being paid from the sale of remaining assets. Additional settlement payments from other defendants have been received, and these funds, along with those from the liquidators, will be distributed to eligible investors, subject to High Court approval. The distribution is expected to begin in the first half of 2025 although the amount returned will be limited. Investors who have not yet been contacted are urged to get in touch with the FCA by 25 March 2025.

The FCA has announced the revocation of Carlo Palombo's ban from the financial services industry and is ending its action against Tom Hayes following the recent Supreme Court judgment quashing their criminal convictions. Both of these convictions formed the basis upon which the FCA took its action, with Mr Palombo being banned from November 2022 and Mr Hayes referring the FCA’s decision to the Upper Tribunal. The FCA will take no further action against either individual.

The Financial Conduct Authority (FCA) has announced that the joint administrators of Premier Insurance Company Limited plan to end all remaining policies on 1 December 2025 as part of the firm’s administration process. On 14 October 2025, the Gibraltar Financial Services Commission (GFSC) announced that the firm had entered administration. It predominantly wrote car and motorcycle insurance for UK customers through its intermediary Premier Underwriting Ltd and ceased writing new insurance in January 2025. Policyholders are advised to arrange alternative cover before the policy end date. Eligible claims may be protected by the Financial Services Compensation Scheme (FSCS), which provides up to 90% compensation for first-party claims and full protection for third-party claims.

The Financial Conduct Authority (FCA) has announced that it has appointed Daniel Godfrey as chair and Julia Dreblow as vice-chair of a new working group focused on building capability in sustainable finance across the financial advice sector. The Personal Investment Management & Financial Advice Association (PIMFA) will provide the secretariat.

The Financial Conduct Authority (FCA) has announced its first international presence through the establishment of new offices in the US and the Asia-Pacific (APAC) regions as part of its 2025-2030 strategy. This expansion includes appointing Tash Miah to work at the British Embassy in Washington, DC, in collaboration with the Department for Business and Trade, to enhance UK-US financial services policy and regulatory cooperation. Additionally, Camille Blackburn will open a regional office in Australia as the FCA’s Director for Asia-Pacific starting in July 2025. Blackburn's role will focus on assisting financial services firms in entering the UK market or raising capital and supporting UK firms expanding into the APAC region.

The Financial Conduct Authority (FCA) has announced a further update to Consultation Paper CP25/27 on the Motor Finance Consumer Redress Scheme, confirming that the data room will now remain open until 12 December 2025, instead of 9 December 2025, in line with the extended consultation deadline. The FCA reiterated that the data room is intended to support stakeholders in responding meaningfully to the consultation and is not to be used for calculating individual firms’ redress liabilities, which should be determined using their own data.

The Financial Conduct Authority (FCA) has announced the guilty plea of Olumide Osunkoya for illegally operating a crypto ATM network. Mr Osunkoya pleaded guilty to five offences, this is the first UK conviction of its kind. Mr Osunkoya ‘s network of at least 11 crypto ATMs processed over £2.6m in transactions without proper registration with the FCA. Mr Osunkoya is being charged with two offences under Regulations 86 and 92 of the MLRs for operating crypto ATMs without FCA registration, Mr Osunkoya is also charged with two offences under the Forgery and Counterfeiting Act 1981 relating to false documents created and used during the criminal activity.

The Financial Conduct Authority (FCA) has announced a partnership with Raidiam and the launch of two TechSprints to accelerate the delivery of open finance, ahead of publishing its open finance roadmap and strategy and following its January 2025 commitment to support digital innovation.

The Financial Conduct Authority (FCA) has issued a press release announcing that following a joint investigation by the Financial Conduct Authority and City of London Police, the FCA has charged Simon Day with one offence of money laundering, contrary to Section 327(1) of the Proceeds of Crime Act 2002.

The Financial Conduct Authority (FCA) has announced that it will launch a new portal called 'My FCA' for registered and authorised firms in Spring 2025. My FCA will offer features such as viewing regulatory returns, completing attestations, accessing system notices and updates, looking up rules and guidance, checking firms on the Financial Services Register and calculating annual fees using the Fees Calculator. The portal will provide a centralised platform to access RegData, Connect, and the Online Invoicing System without needing to sign in again.

The Financial Conduct Authority (FCA) has announced the launch of its Smart Data Accelerator, aimed at supporting the development of open finance and smart data frameworks. The platform is for firms testing use cases, organisations seeking collaboration and stakeholders involved in smart data policy and research. It focuses on four areas: use case testing, policy testing, international and cross-sector testing, and data and technology infrastructure.

The Financial Conduct Authority (FCA) has secured a conviction against Nicholas Harper for breaching the Data Protection Act 2018 (DPA 2018), while a jury acquitted him of fraud and unauthorised business offences. On 1 September 2025, Harper pleaded guilty to encouraging or assisting an offence under DPA 2018. At a retrial on 19 September 2025 at Southwark Crown Court, the jury found him not guilty of conspiracy to defraud under the Criminal Law Act 1977 and the Fraud Act 2006, and not guilty of conspiracy to breach the general prohibition under the Financial Services and Markets Act 2000 (FSMA 2000). Harper was fined £100 and ordered to pay a £30 victim surcharge for the data protection breach.