The Financial Conduct Authority (FCA) has published a notice of its decision to compel ICE Benchmark Administration Limited (IBA) to continue publishing 1-month, 3-month and 6-month US Dollar LIBOR for three months starting immediately after the publication of the US Dollar LIBOR Versions on 28 June 2024 is concluded, and ending immediately after the final publication on 30 September 2024.

The Financial Conduct Authority (FCA) has concluded its 2022–2025 strategy with a wide-ranging programme of regulatory reform, digital innovation and international engagement aimed at enhancing the UK’s financial system. Central to this was the implementation of the Secondary International Competitiveness and Growth Objective (SICGO), introduced under the Financial Services and Markets Act 2023 (FSMA 2023). Over the three-year period, the FCA launched more than 50 initiatives to support economic growth, improve regulatory efficiency and reinforce the UK’s position as a global financial hub. These efforts are detailed in the FCA’s Annual Report and Accounts 2024–2025 and the SICGO report 2024/25, which highlight the regulator’s strategic alignment with government priorities, as outlined in its formal response to the Section 1JA recommendations from HM Treasury. The FCA’s performance was underpinned by a benefit–cost ratio of 7.9 in 2024/25, with £6bn in quantified benefits from regulatory interventions, as reported in ‘Our Positive Impact 2025’.

Background to FCA rules concerning the use of investment platforms As part of its consumer protection strategy, the Retail Distribution Review (RDR), the Financial Conduct Authority’s (FCA) predecessor, the Financial Services Authority (FSA) reviewed the way in which it regulates investment platforms and their use. An early distinction drawn by the FCA was the way in which the providers of platforms were to be regulated as opposed to the users of platforms. This note deals with the latter, and in particular what the FCA expects of both financial adviser firms (in terms of systems and controls) and professionals (in terms of indicative behaviours) in their use of platforms. This Practice Note also discusses quality of advice, advised and non-advised use of platforms, systems and controls and how platforms are remunerated. It also looks at the work carried out by the FCA as part of its Investment Platforms Market Study. Many firms have adopted the use of platforms as they transitioned to a more advice-based service that was designed to achieve these aims. The

The Financial Conduct Authority (FCA) has announced that a year on from the introduction of the FCA’s new regulatory regime to protect access to cash for consumers and business, 121 banking hubs and 93 cash deposit services have been set up, including 20 hubs established following community requests for cash access assessments. The FCA will hold discussions with stakeholders later in the year to consider what is working well and how access to cash can continue to improve, with future forums broadening the scope to include wider banking services. Any changes to the FCA’s powers over access to cash or banking services would have to be implemented by the government.

The Financial Conduct Authority (FCA) has confirmed it has opened an investigation into Drax Group Plc regarding historical statements about biomass sourcing made between January 2020 and December 2023. The FCA is examining whether disclosures in Drax’s 2021, 2022 and 2023 Annual Reports complied with the Listing Rules and Disclosure Guidance Rules. Drax has stated it will cooperate with the investigation.

The Financial Conduct Authority (FCA) has confirmed that it has opened an investigation into John Wood Group Plc (Wood Group), covering the period from 1 January 2023–7 November 2024. The FCA’s confirmation follows a market disclosure by Wood Group announcing that, following an independent review first announced by the company on 7 November 2024, the FCA had now commenced an investigation. Wood Group has said that it will cooperate fully with the FCA in relation to the investigation.

The Financial Conduct Authority (FCA) has published policy statement PS25/3 in which it confirms a new consumer credit return that will replace two existing reports, with plans to eventually extend this replacement to four additional returns. The new regulatory return will cover the following consumer credit activities: credit broking, providing credit information services, debt adjusting, and debt counselling. The streamlined data approach, which gathers only essential information, is designed to enhance supervisory efficiency, improve consumer protection, and reduce the reporting burden on firms.

Law360: The UK's Financial Conduct Authority (FCA) set out detailed rules for how commercial pension dashboards will operate in the future, but experts say the lack of a fixed launch date could hinder the emerging sector.

The Financial Conduct Authority (FCA) has announced that the trial date for Kristofer McGuire, Keith Williamson and Karla Walker, who were charged with multiple offences, including fraud by false representation and fraudulent trading, after they targeted victims by persuading them to invest in contracts for difference (CFDs), has been fixed for 1 February 2027. The date was set following a hearing at Southwark Crown Court on Friday 5 July 2024.

Law360, London: The Financial Conduct Authority (FCA) has said it plans to increase the fines it imposes on individuals for misconduct following a series of legal setbacks that reduced its sanctions against senior executives.

The Financial Conduct Authority (FCA) has issued a statement on the next steps in its review of motor finance discretionary commission arrangements (DCAs). The FCA no longer intends to announce its findings by the end of May 2025.  Instead it will confirm within six weeks of the Supreme Court decision in Johnson v FirstRand Bank Ltd (London Branch) (trading as Motonovo Finance) and other cases, whether it will propose an industry-wide redress scheme to compensate affected consumers.

The Financial Conduct Authority (FCA) has announced that, from 28 November 2025, firms will access RegData through My FCA as part of its programme to simplify regulatory interactions and create a centralised entry point for reporting systems, with Connect and the Online Invoicing System to be incorporated in the coming months. The FCA confirmed that firms need take no action because existing links will automatically redirect to My FCA, where users will be able to view firm details, scheduled tasks, deadlines, task statuses and other regulatory resources. It added that My FCA will allow navigation to all authorised systems without repeated sign-ins and invited firms to continue providing feedback via the homepage form to support further improvements.