The House of Commons Treasury Select Committee has published the response of the Financial Conduct Authority (FCA)  to the Committee’s recommendations following its ‘Sexism in the City’ inquiry.  The FCA outlines actions taken since the 2024 inquiry and confirms that it will decide by the end of 2025 whether to issue additional guidance on non-financial misconduct (NFM) following changes to COCON published in July 2025. The regulator notes that while further guidance could help firms interpret the rules, it would be indicative rather than prescriptive and could increase compliance costs. The FCA confirms that 76 supervisory cases related to NFM are currently open, including one enforcement case (Odey) referred to the Upper Tribunal. The total number of supervisory cases concerning NFM per year since 2022 show an upward trend, reflecting the FCA’s focus on cultural and conduct issues.

Law360, London: The Financial Conduct Authority's (FCA) response to a highly critical parliamentary report has been lackluster and continues to demonstrate that the regulator is 'in dire need of transformation', the MPs who penned the report said on 3 February 2025.

The Financial Conduct Authority (FCA) has published a first supervisory notice against Currency Matters Limited, imposing immediate restrictions under regulation 12(1) of the Payment Services Regulations 2017 (PSRs 2017). The firm is prohibited from onboarding new customers, accepting additional client funds or dealing with assets without FCA consent. The FCA has also announced that the firm has entered special administration under the Payment and Electronic Money Institution Insolvency Regulations 2021.

The Financial Conduct Authority (FCA) has published a letter from Nikhil Rathi, its Chief Executive,  to Dame Meg Hillier MP of the Treasury Select Committee, highlighting improvements in the pace of investigations and outlining next steps for enforcement transparency. Due to a lack of consensus, the FCA will not shift from an exceptional circumstances test to a public interest test for announcing investigations into regulated firms. Instead, the FCA will confirm investigations already in the public domain, notify the public about potentially unlawful activities of unregulated firms and regulated firms operating outside the regulatory perimeter, and publish more detailed issues under investigation anonymously. The FCA’s final policy will be published by the end of June 2025.

The Financial Conduct Authority (FCA) has published a multi-firm review report on the treatment of politically exposed persons (PEPs) and guidance consultation GC24/4: Proposed amendments to Guidance on the treatment of politically exposed persons, which proposes amendments to amendments to FG17/6. The consultation closes for comment on 18 October 2024.

The Financial Conduct Authority (FCA) has published the finding of a multi-firm review into insurers' valuation of vehicles, saying it has identified shortcomings in how some motor insurance firms are valuing written-off or stolen vehicles. The FCA has set out examples of good and bad practice it found during the review, and is engaging with the firms included in the review to ensure they make improvements to address the findings.

The Financial Conduct Authority (FCA) has published the findings of its review, which assessed a sample of Contracts for Difference (CFD) providers, evaluating their compliance with the Consumer Duty’s ‘Price and Value’ outcome. The review found that some CFD providers may be failing to deliver fair value to consumers, with several firms falling short of the standards set by the Consumer Duty, introduced in July 2023. While the FCA acknowledged examples of good practice—such as firms simplifying fee structures and preventing unsuitable investors from trading CFDs— it also identified multiple areas requiring improvement.

The Financial Conduct Authority (FCA) has published the Mills Review of AI in financial services, examining how the technology could reshape retail financial services for consumers, firms, markets and regulators by 2030 and beyond. The report identifies four major AI‑driven shifts likely to impact retail financial services: the transformation of firm operations; the evolution of consumer journeys; the reshaping of competition and market power; and the amplification of fraud and cyber risks.

Law360, Expert analysis: On 5 March 2025, the Financial Conduct Authority (FCA) released the findings of its review into valuation practices within the private funds market. Tim Dolan, shareholder, and Christina Papanastasiou, trainee solicitor, at Greenberg Traurig LLP, discuss the key findings from the FCA's review and provide an in-depth breakdown of the valuation practices assessed, what the FCA identified as good practices, and the areas that require improvement.

The Financial Conduct Authority (FCA) has published the findings from the post-implementation review (PIR) of its rules which aim to improve access to travel insurance for consumers with more serious pre-existing medical conditions. Overall, the FCA considers that its signposting intervention has had a positive but lower than expected impact on the market. The FCA estimates that the intervention resulted in an additional 21,000 policy sales. It will consult later in 2024 on updating the £100 medical condition premium trigger point for signposting. The PIR includes a table of action points for firms to consider.

The Financial Conduct Authority (FCA) has revised its methodology for calculating the Market Cleanliness Statistic (MCS) to ensure it is robust to periods of heightened market volatility and incorporates intraday trading activity. From 2024 onwards, the FCA will implement the market comparison method using intraday data to estimate the MCS. The FCA welcomes feedback on the revised methodology and findings.

The Financial Conduct Authority (FCA) has revised its ‘Amend a recognised fund’ webpage to include a section on amending recognised funds under s271a of the Financial Services and Markets Act 2000 (FSMA 2000)