The Financial Conduct Authority (FCA) has published a multi-firm review examining risk management and wind-down planning (WDP) practices across 14 e-money and payments firms. The review focused on enterprise-wide risk management frameworks, liquidity risk management, group risk, and the operability of wind-down plans. While some good practices were observed, the FCA found that no firm fully met its expectations, particularly those outlined in FG20/1 and TR22/1. Risk frameworks were often underdeveloped relative to firms’ scale and complexity, and WDPs lacked sufficient detail, testing, and alignment with risk appetite and financial resource planning. The FCA encourages all firms to assess their current arrangements against these findings and make necessary improvements. The review does not introduce new expectations but reinforces existing guidance to support sustainable growth and orderly market exits. Firms are directed to consult relevant publications, including FG20/1, the Wind-down Planning Guide, and the FCA’s 2025 portfolio letter for payments firms.

The Financial Conduct Authority (FCA) has published policy statement PS25/22: Supporting consumers’ pensions and investment decisions: rules for targeted support, setting out its plans to allow authorised firms to give support to consumers on whether and how to invest or save for their pensions. Firms will be able to make recommendations and direct people to products or to take actions with existing products. The FCA is also consulting on ways to further modernise pension rules, including projections and non-advised defined contribution transfers. Responses to consultation paper CP25/39: Adapting our requirements for a changing pensions market are sought by 12 February 2026.

The Financial Conduct Authority (FCA) has published Policy Statement PS25/5, introducing the new Enforcement Guide (ENFG), which replaces the previous Enforcement Guide (EG) from 3 June 2025. The updated guide aims to enhance transparency in enforcement investigations and streamline provisions that are already set out elsewhere. PS25/5 follows Consultation Paper CP24/4 and CP24/2: Part 2. The FCA dropped plans for a new investigation publicity policy based on a ‘public interest test’ (referred to as the ‘name and shame proposal’) and ENFG retains the 'exceptional circumstances' test for announcing investigations into regulated and listed firms. However, it allows the FCA to share information in limited circumstances such as naming the subjects of investigations into suspected unauthorised financial services, including the communication of  unapproved financial promotions. Further updates include those consulted on in CP24/2, in addition to changes made in light of feedback received.

The Financial Conduct Authority (FCA) has published a blog by Matthew Long, Director of payments and digital assets, outlining the FCA’s takeaways following discussions with stakeholders on its future approach to regulating cryptoassets. Key areas of focus are the admissions and disclosures regime, the market abuse regime, and rules for trading platforms and intermediaries. At the same time, the FCA has published a new webpage for cryptoasset firms addressing registration, supervisory expectations, future milestones and its latest news and publications.

The Financial Conduct Authority (FCA) has published a webpage setting out its new measures to improve the trust and transparency of sustainable investment products and reduce greenwashing. The webpage sets out how the rules affect firms, and includes a table of implementation timelines.

The Financial Conduct Authority (FCA) has published policy statement PS25/11, confirming a package of reforms which aim to simplify mortgage rules and increase flexibility for borrowers. The changes follow consultation paper CP25/11, published in May 2025, and are effective from 22 July 2025. They aim to make it easier, faster and cheaper for consumers to engage with mortgage providers, reduce their mortgage term, or remortgage with a new lender. The reforms are voluntary for firms and support the FCA’s Consumer Duty and broader strategic objectives of improving consumer outcomes, supporting sustainable homeownership and promoting economic growth. The FCA has also retired outdated guidance and clarified expectations for firms dealing with expired mortgage terms. Implementation is set to be monitored through supervisory channels and regulatory returns, with a focus on execution-only sales, remortgaging activity and complaints data.

The Financial Conduct Authority (FCA) has published policy statement PS25/4, finalising new rules to refine the investment research market by allowing fund managers to combine research and execution costs under a joint payment option, subject to defined guardrails. These changes implement recommendations from the 2023 UK Investment Research Review and feedback from consultation paper CP24/21. As the adoption of the joint payment option is classified as a significant change for authorised funds, fund managers will be required to notify unitholders and seek approval from the FCA before adopting the option. The measures aim to enhance the competitiveness of UK fund managers and reduce research procurement costs. Under the new rules, fund managers are expected to implement written policies on their approach to joint payments, establish research budgets, allocate research costs equitably, and provide detailed disclosures regarding joint payments.

The Financial Conduct Authority (FCA) has published policy statement PS25/8, setting out the final regulatory fees and levies for the 2025/26 financial year and providing feedback on responses to consultation paper CP25/7. The total fees payable by firms will be £711.9m, a decrease from the previous year, reflecting the application of £71.6m in retained financial penalties. These fees will contribute to the FCA’s Annual Funding Requirement (AFR) of £783.5m, which covers both ongoing regulatory activities and exceptional projects. The policy statement confirms fee-rates across all fee-blocks, introduces a new fee-block for motor finance lenders involved in discretionary commission arrangements, and outlines the approach to recovering costs associated with the regulation of ESG ratings providers. It also finalises the Financial Ombudsman Service (FOS) general levy and levies collected on behalf of government departments, including those for debt advice, pensions guidance, and illegal money lending. Firms can calculate their individual fees using the FCA’s online fees calculator.

The Financial Conduct Authority (FCA) has published policy statement PS24/2: Strengthening protections for borrowers in financial difficulty: Consumer credit and mortgages, and updated Finalised guidance FG24/2: Guidance for firms supporting existing mortgage borrowers impacted by rising living costs which will apply from 4 November 2024. The FCA has also published research showing that 7.4m people were struggling to pay bills and credit repayments in January 2024—down from 10.9m in January 2023 but still higher than the 5.8m recorded in February 2020, before the cost of living squeeze began.

The Financial Conduct Authority (FCA) has amended its rules and guidance to enable dormant investment assets and client money to be available to the Dormant Assets Scheme (DAS). PS24/10 – Expansion of the Dormant Assets Scheme – second phase, outlines technical changes in the FCA’s Handbook to facilitate the full expansion of DAS in the remaining expanded asset classes.

The Financial Conduct Authority (FCA) has published Policy Statement PS25/14 on the regulatory capital framework for investment firms, which is scheduled to take effect on 1 April 2026. The updated rules remove references to the UK Capital Requirements Regulation (UK CRR) from MIFIDPRU 3 and introduce a standalone framework specifically designed for investment firms.

The Financial Conduct Authority (FCA) has published principles for industry remedy development. In its Credit Information Market Study (CIMS) Final Report the FCA proposed that various remedies should be implemented through industry-led work with FCA input where appropriate. The FCA says some industry stakeholders have started thinking about such remedies and have sought its views on how to progress these pending the formation of the Credit Reporting Governance Body (CRGB). The FCA has published these principles in response to these requests.