The FCA has published Primary Market Bulletin 63 (PMB 63), which covers, among other things, a consultation on changes to the FCA Knowledge Base relating to guidance on working capital statements under the reformed public offers and admissions to trading regime and confirmation of changes to a technical note relating to sponsors.

The Financial Conduct Authority (FCA) has published Primary Market Bulletin 64 (PMB 64), which covers, among other things, the findings from the FCA’s follow-up review of total voting rights (TVR) disclosures and observations on notifications made by issuers under UKLR 7.3 on significant transactions.

The Financial Conduct Authority (FCA) has published Primary Market Bulletin 65, covering regulatory announcements, delayed disclosure of inside information (DDII) and other primary market developments. The FCA warns issuers against vague, exaggerated, flamboyant or marketing-style language in regulatory announcements and highlights concerns where announcements are issued more frequently than their content appears to justify, are marked as containing inside information when they almost certainly do not or coincide with significant share price spikes. It states that where announcements stray too far from regulated information, the FCA will consider whether their content has become misleading for the purposes of the UK Listing Rules (UKLR) or, in the most serious cases, the UK Market Abuse Regulation (UK MAR). The FCA’s review of DDII notifications found no widespread or systemic failures under Article 17(4) of UK MAR but identified inconsistent practices in the classification and handling of inside information, including blanket classification of advanced financial reporting information, failures to reassess information during delay periods and automated or semi-automated processes triggering regulatory steps without meaningful opportunity for reassessment. The bulletin also introduces a new inside information declaration form for listings submissions through the Electronic Submission System (ESS), applying to all new equity cases, including guidance requests, from 21 September 2026.

The Financial Conduct Authority (FCA) has published Primary Market Bulletin 66.

The Financial Conduct Authority (FCA) has published financial promotions quarterly data for Q4 2023 alongside analysis of the 2023 full-year data. Over 10,000 financial adverts and other promotions by authorised firms were withdrawn or changed in 2023 following FCA intervention, an increase of 16.6% year-on-year. As of 7 February 2024, authorised firms need permission from the FCA if they want to approve promotions for unregulated persons. For unauthorised firms and individuals, the FCA issued 2,285 alerts in 2023, an increase of 21% from 1,882 in 2022.

The Financial Conduct Authority (FCA) has published information on the number of skilled persons reports it commissioned in Q4 2023/24. The FCA commissioned 27 reports over the period, with the largest number concerning the retail investments sector (10) followed by wholesale financial markets (7). The majority of reports commissioned related to controls and risk management frameworks (12); governance and individual accountability (6) and financial crime (5). 26 out of the 27 reports related to portfolio supervision firms, with just one involving a dedicated supervision firm.

The Financial Conduct Authority (FCA) has published Quarterly Consultation CP24/11, which includes proposals across a number of areas, including introducing criminal background checks on owners and controllers at the Authorisation gateway, as recommended to the FCA by the Financial Action Task Force (FATF). Responses to all parts of the consultation are sought by 12 August 2024.

The Financial Conduct Authority (FCA) has published Quarterly Consultation CP25/35 No 50. Responses are sought by 19 January 2026 and, in relation to proposed changes to COLL 5.2.29R(3), by 22 December 2025.

The Financial Conduct Authority (FCA) has published ‘CP24/26: Quarterly Consultation Paper No 46’. Key proposals include clarifications to the Sustainability Disclosure Requirements (SDR), refinements to consumer credit product sales data reporting, adjustments to travel insurance signposting rules for pre-existing medical conditions, and the disapplication of the Compliance Oversight Function from Insurance Special Purpose Vehicles. The consultation also covers updates to UK Corporate Governance Code references and introduces CASS audit requirements for debt management firms. Responses are sought by 13 January 2025 for most of the proposals and by 27 January 2025 for others.

The Financial Conduct Authority (FCA) has published CP25/4: Quarterly Consultation Paper No. 47, setting out proposals to make minor changes to the TC qualifications table, BCOBS 4.3.4R(2) (Information to be provided by a non-ring-fenced body to individual account holders), COMP 7.2.3AAR (Financial Services Compensation Scheme’s electronic assignments), UKLR 11.5.5R (relevant related party transactions) and DISP (Complaints). Responses are sought by 14 April 2025 (and by 5 May 2025 with regards to the proposed changes to DISP).

The Financial Conduct Authority (FCA) has published a Report by the credit reporting Interim Working Group (IWG) setting out progress being made on industry remedies as a result of the FCA’s publication of Interim and Final Credit Information Market Study reports.  The Report notes that Equifax, Experian and TransUnion have set up a number of working groups with the objective of identifying non-competitive quick win opportunities to evaluate and progress the industry-led remedies proposed in advance of the Credit Reporting Governance Body (CRGB) being formally established.

The Financial Conduct Authority (FCA) has published its Secondary International Competitiveness and Growth Objective Report 2023-24. The report details how the FCA is embedding its secondary to facilitate, subject to aligning with relevant international standards, the international competitiveness of the economy of the United Kingdom (including in particular the financial services sector), and its growth in the medium to long term.