The Financial Conduct Authority (FCA) has issued a statement addressing complaints regarding its handling of the Blackmore Bond PLC (Blackmore) case, where Blackmore, an unregulated firm, issued mini-bonds with financial promotions approved by regulated firms NCM Fund Services and Northern Provident Investments. The FCA's investigations found the promotions largely accurate with relevant risk warnings, leading to no enforcement action. Despite complaints about the FCA's response to warnings and investor protection, the FCA has decided not to uphold these complaints, citing its own appropriate handling of intelligence and the fact that it never had any supervisory oversight over Blackmore. However, the FCA announced that it will compensate complainants with payments between £150 and £250 for delays in responding to their complaints.

Law360: The Financial Conduct Authority (FCA) on 26 April 2024 defended its proposed naming of companies under investigation in a letter to a House of Lords committee.

Law360: The Financial Conduct Authority (FCA) on 22 April 2024 said it took 'appropriate regulatory action' amid complaints over its handling of the British Steel Pension Scheme transfer scandal and would not uphold any of the grievances it has received over its approach.

The Financial Regulators Complaints Commissioner has published its final report on the Financial Conduct Authority’s (FCA) handling of Safe Hands Plans Ltd, a funeral plan provider. The Commissioner upheld the complainants’ allegation that the FCA failed to adequately monitor the regulatory perimeter with respect to Safe Hands, and specifically, failed to monitor whether Safe Hands was conducting unauthorised activities without permission. At the same time, the FCA has issued a response expressing sympathy for those who lost money due to Safe Hands but disagreeing with the finding that it failed to identify significant risks related to the firm.

The Financial Services Enforcement Database incorporates detailed information on all substantive FCA and PRA Final Notices and, where available, Decision Notices from 2014 onwards. The Database may be searched and filtered by fields including rule/legislation breach, keyword, sector, date, financial penalty, aspects of financial penalty analysis, outcomes including redress and prohibition orders, and other actions such as referrals to the Upper Tribunal. This Practice Note provides an overview of the Financial Conduct Authority (FCA)’s enforcement powers under the Financial Services and Markets Act 2000 (FSMA 2000) to impose financial penalties, public censures and suspend or restrict a firm’s permission to carry out a regulated activity. It also sets out a brief overview of further enforcement, civil, criminal and supervisory powers in the FCA’s ‘toolkit’. Discipline and enforcement play key roles in delivering the FCA’s objectives, including its operational objectives of securing an appropriate degree of protection for consumers, protecting and enhancing the integrity of the UK financial system, and promoting effective competition in the interests of consumers. Using these tools ensures

The Financial Conduct Authority (FCA) has announced that it has discontinued civil proceedings against Konstantinos Papadimitrakopoulos and Dimitris Gryparis. The FCA previously commenced High Court proceedings pursuant to sections 383 and 382 of the Financial Services and Markets Act 2000 against the former CEO, Konstantinos Papadimitrakopoulos, and former CFO, Dimitris Gryparis of Globo plc for alleged market abuse.

The Financial Services Enforcement Database incorporates detailed information on all substantive FCA and PRA Final Notices and, where available, Decision Notices from 2014 onwards. The Database may be searched and filtered by fields including rule/legislation breach, keyword, sector, date, financial penalty, aspects of financial penalty analysis, outcomes including redress and prohibition orders, and other actions such as referrals to the Upper Tribunal. This Practice Note describes the materials and information which may be withheld from production to the Financial Conduct Authority (FCA) and considers some of the issues that arise when considering the interaction between protected items and privilege, but it is not a detailed analysis of the law of privilege. The Prudential Regulation Authority (PRA) has broadly the same powers as the FCA and references to the FCA should be taken to include the PRA unless otherwise stated. FCA power to require information and document The Financial Conduct Authority (FCA) has power to require

Law360: On 30 April 2024, the Financial Conduct Authority’s (FCA) consultation on the public naming of investigation subjects closed.

Law360: The Financial Conduct Authority (FCA) has brought a record number of criminal prosecutions against individuals, yet its crackdown on corporations is happening largely behind the scenes as the regulator challenges misconduct without opening formal investigations.

New research commissioned by the Financial Conduct Authority (FCA) finds that vulnerable customers are more likely to report a negative experience with financial services firms when compared to non-vulnerable customers. The FCA defines a vulnerable customer as someone who, due to their personal circumstances, is especially susceptible to harm, particularly when a firm is not acting with appropriate levels of care. The FCA issued guidance to help financial services firms support customers in vulnerable circumstances in 2021 and introduced the Consumer Duty in 2023, which requires firms to deliver good outcomes for all customers, including those in vulnerable circumstances. On 7 March 2025, the FCA published a review  as well as good and poor practice examples to further help firms provide the right care consistent with the Consumer Duty. The FCA wants firms to build on the good work identified, to help people open up and make sure they get the support they may need.

This Practice Note focuses on international regulatory cooperation, specifically relating to cross-border regulatory investigations. It sets out the Financial Conduct Authority’s (FCA) statutory duty to cooperate with overseas regulators and its supervisory and investigative powers to assist overseas regulators’ investigations. It considers how cross-border regulatory investigations proceed in practice and sets out practical guidance for persons involved in an overseas regulator’s information request or involved in parallel cross-border regulatory investigations. Key points • the FCA is under a statutory duty to cooperate with overseas regulators, this may involve responding to an overseas regulator’s request for information through to exercising its own investigatory powers on the behalf of an overseas regulator • the FCA has a degree of discretion in determining the extent of its cooperation with overseas regulators and is also subject to certain restrictions on its powers to assist • proactive, early and inquisitive engagement can be helpful for recipients of requests for information or for subjects of investigations • in parallel domestic and overseas investigations, careful management is required when coordinating

This Practice Note examines the powers of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) to apply to court for restitution orders under section 382 of the Financial Services and Markets Act 2000 (FSMA 2000). It also addresses the FCA’s power to apply to court for a restitution order in cases of market abuse under section 383. Finally, it considers the administrative powers of the FCA, PRA and the Bank of England in relation to financial market infrastructures (FMIs), to require restitution of their own volition under section 384. It explains how these powers are exercised in practice, provides examples, and sets out relevant case law. It reflects updates to the FCA’s Enforcement Guide (ENFG), which replaced the previous Enforcement Guide (EG) for investigations opened on or after 3 June 2025, and cross-refers to relevant legacy guidance in EG 11 for earlier investigations. Unless otherwise indicated, statutory references to sections in this Practice Note are to sections in FSMA 2000. Key points • the FCA’s enforcement approach prioritises securing redress for consumers who have