The Treasury Committee has published correspondence with the Financial Conduct Authority (FCA) in relation to the latter’s proposal to announce investigations when they are opened and name the firms involved, without prejudice to the outcome. In reply to concerns raised by the Committee, the FCA says while its consultation proposed to move away from a presumption against disclosure to a public interest framework for deciding whether the fact of an investigation should be announced, there would be no presumption in favour of disclosure. In some cases, the FCA says it considers the public interest would support naming a firm at the appropriate point in its investigative process, in others it would not, and the appropriate point may not always be at the outset.

As part of the Treasury Committee’s Sexism in the City inquiry,  the Financial Conduct Authority (FCA) was asked to outline which criminal offences ought to result in automatic prohibition from operating in financial services, on the basis that such a conviction would be incompatible with being fit and proper to do so. The FCA published its reply to the Committee dated 6 February 2024,  explaining that it is not calling for legislative change or proposing that there should be a list of such criminal offences, as it considers it might not be exhaustive nor sufficiently flexible to take account of individual circumstances.  The FCA notes that its proposals set out in CP 23/30 aim to give the FCA a greater ability to act than it has had in the past.

The Treasury Committee’s Sub-Committee on Financial Services Regulations has published an exchange of letters with the Financial Conduct Authority (FCA) in connection with the FCA’s December 2023 Money Market Fund (MMF) consultation (CP23/28), in which it proposed increasing the weekly liquidity level for MMFs from 30 per cent of assets to 50 per cent.

The Treasury Committee’s Sub-Committee on Financial Services Regulations has published an exchange of letters with the Financial Conduct Authority (FCA) in connection with the FCA’s December 2023 consultation paper (CP23/27) on reforming the commodity derivatives regulatory framework.

The Treasury Sub-Committee on Financial Services Regulations has published correspondence with the Financial Conduct Authority (FCA) relating to the Overseas Funds Regime.

The Treasury Sub-Committee on Financial Services Regulations has published a letter it received from the Financial Conduct Authority (FCA) responding to the Committee’s question in relation to Quarterly Consultation CP24/3 No 43 on FCA fees and critical third parties (CTPs).

The Financial Conduct Authority (FCA) has responded to the UK Government's call for regulators to support economic growth by outlining significant ongoing efforts and future plans. Key initiatives include reforming wholesale markets with a new prospectus regime, easing retail access to corporate bonds, allowing private companies to enter the market, improving saver investment, reducing conduct requirements for wholesale insurers, streamlining asset management regulations, launching a consolidated tape for fixed income data accessibility, and expediting capital requirements examination for specialised trading firms to improve liquidity. These measures aim to streamline regulations, improve saver access, streamline asset management, and enhance liquidity.

MLex: The UK's Financial Conduct Authority (FCA) said that it would consider the judgment issued by the Court of Appeal ruling that motor finance brokers can't receive a commission from the lender without obtaining the customer’s consent. The ruling comes as three motor finance cases were merged together. The complaints were against Close Brothers and Firstrand Bank. ‘We note the Court of Appeal judgment on motor finance commission and are carefully considering its decision’, the FCA said.

The Financial Conduct Authority (FCA) has responded to the government’s announcement of a survey on asset allocation related to the HM Treasury’s pension investment review, saying it will request asset allocation information from major DC providers, broken down by asset class and sub-asset class, with UK overseas splits, and the first reporting will be available in early 2026.

The Financial Conduct Authority (FCA) has responded to the annual reports from its six independent statutory panels, which represent consumers, firms, and market interests, and thanks them for their advice and challenge across various areas like the Consumer Duty, Advice Guidance Boundary Review (AGBR), Pensions Value for Money (VFM), Competitiveness and growth, Environmental Social & Governance (ESG), Artificial Intelligence (AI) regulation, Big Tech regulation and the Future Disclosure Framework.

The Financial Conduct Authority (FCA) has published its responses to the independent panels’ annual reports for 2022/23, which explain each panel's activities for the year, make key representations and comment on the FCA’s work. In line with its statutory requirement, the FCA responds to each, looking at the themes raised in all or most of the reports and considering some of the specific issues raised by individual panels.

The Financial Conduct Authority (FCA) has published a letter by its chief executive, Nikhil Rathi, in response to the House of Lords Financial Services Regulation Committee’s (FSRC) questions on the proposed motor finance redress scheme. The FCA stated that complaints dating back to 2007 may be eligible, referencing Canada Square Operations Ltd v Potter [2023] UKSC 41, which held that deliberate concealment of commission arrangements can suspend the statutory limitation period under the Consumer Credit Act 1974. It indicated that a structured redress scheme may offer a more consistent and efficient approach than resolving complaints through litigation or the Financial Ombudsman Service (FOS), and noted that while the Court of Appeal’s October 2024 ruling caused short-term disruption, the motor finance market has since stabilised. A cost-benefit analysis and further modelling is set to be published alongside the consultation in October 2025.