The Financial Conduct Authority (FCA) has published its responses to Financial Regulators Complaints Commissioner (FRCC) Reports 202400106 and 202400701, setting out its position on the Commissioner’s findings and the actions it has taken in response. The FCA accepted recommendations in both cases and outlined measures to improve its supervisory approach and complaints handling.

The Financial Conduct Authority (FCA) has published a summary of the feedback it received to its July 2023 consultation on its Rule Review Framework.

The Financial Conduct Authority (FCA) has published responses to unanswered questions from its 2024 Annual Public Meeting. The subject matter of the 97 responses is listed alphabetically and answers are grouped where appropriate. They range from the Advice Guidance Boundary Review to the Woodford Equity Income Fund.

The Financial Conduct Authority (FCA) has published the results of its final Financial Resilience Survey issued in October 2023. Over the last three years, the FCA has collected financial resilience data from approximately 23,000 regulated firms. This has helped develop the FCA’s understanding of financial resilience, which is measured by assessing whether a firm holds enough resources to meet their ongoing obligations.  This includes insight into the impact of recent crises, ranging from the Coronavirus (COVID-19) pandemic to cost-of-living pressures. The FCA says that using the data from the survey has helped it respond to risks faster and that it has identified and addressed concerns in hundreds of firms.

The Financial Conduct Authority (FCA) has published the results of a survey to better understand how firms record and manage allegations of non-financial misconduct. The survey of over 1,000 investment banks, brokers, and wholesale insurance firms, asking about recorded incidents of non-financial misconduct in 2021 to 2023, found that the number of allegations reported increased during that period.

The Financial Conduct Authority (FCA) has published the results of an Autumn 2023 survey of how firms have implemented the Consumer Duty. The FCA was particularly interested in implementation by small firms and whether firms had made changes to their consumer contracts and financial promotions. The survey found that 43% of firms surveyed said they are not having difficulty with implementing any aspects of the Duty. Outcomes monitoring is reported as most difficult to implement, with payment services firms (41%) and wealth management firms (36%) most likely to report this.

The Financial Conduct Authority (FCA) has published its review findings regarding smaller asset management firms and alternative business models as part of its 2022 Alternatives Supervision Strategy. The review assessed 410 firms managing assets under £1bn, collectively overseeing approximately £220bn, to benchmark risk management practices and identify consumer risks. It examined high-risk investments, conflicts of interest, and the Consumer Duty.

The Financial Conduct Authority (FCA) has issued its findings on the review of the first annual Consumer Duty board report from 180 firms across various sectors, including retail banking, insurance, and consumer finance. The review identified several areas of good practice and areas requiring improvement.

The Financial Conduct Authority (FCA) has published findings from its multi-firm review of private market valuation processes, highlighting both good practices and areas needing improvement. The review noted significant growth in the UK private markets and the importance of robust valuation practices due to the lack of frequent trading and price discovery. The assessment covered private equity, venture capital, private debt, and infrastructure assets, finding good practices in investor reporting, process documentation, and the use of third-party valuation advisers. However, the review called for better conflict of interest documentation, increased independence in valuation processes, and enhanced ad hoc valuation processes during market disruptions.

The Financial Conduct Authority (FCA) has issued an update on its ‘Notification and disclosure of net short positions’ webpage. The FCA is currently undertaking its biannual review of the UK List of Exempted Shares, which is set out in Article 16(2) of the UK Short Selling Regulations. The updated list will be uploaded to the FCA’s website on 1 January 2025 and will apply to all positions from that date. Whilst the FCA is conducting this review, the FCA’s current UK List of Exempted Shares will remain valid and will apply to all positions up to and including the 31 December 2024.

The Financial Conduct Authority (FCA) has published a speech by its chief of data, information and intelligence officer, Jessica Rusu, at TheCityUK International Conference 2025. In the address, Rusu emphasised the UK's resilience as a secure and trusted financial centre, demonstrating the stability and clarity that businesses require to innovate and grow even in uncertain times. The speech highlighted how technological advancements, notably in artificial intelligence, are transforming financial services through improved efficiency, enhanced fraud detection and elevated customer interactions. It also examined the evolving landscape of digital assets and open finance, outlining the FCA’s commitment to balancing robust consumer protection with a supportive environment for innovation. The address concludes by affirming the UK's attractiveness for business growth and the FCA's role in fostering innovation and collaboration.

The Financial Conduct Authority (FCA) has published a speech by its executive director of consumers and competition, Sheldon Mills to mark one year since the launch of the Consumer Duty. In his speech, Mills welcomes the improvements firms have made to deliver better consumer outcomes in the first year of the Duty and says that the FCA will continue to focus on how firms are embedding the Duty, acting to address harm. He also notes that there are a number of areas where firms need to continue to make improvements.