The Financial Conduct Authority (FCA) has announced that, in a prosecution brought by the FCA, Peter Currie (aged 59) has been convicted by unanimous verdicts of two counts of fraud and one of money laundering, and Andrew Currie (aged 57) has been convicted of one count of fraud and one of money laundering following a five-week trial. Andrew Currie was acquitted of one count of fraud. Both will be sentenced on 7 July 2023.

The Financial Conduct Authority (FCA) has published Policy Statement PS25/13 setting out final rules transferring firm-facing requirements of the MiFID Organisational Regulation (MiFID Org Reg) into the FCA Handbook. The rules take effect on 23 October 2025 (the date on which HM Treasury will revoke the MIFID Org Reg), with the revised durable medium definition applying from 12 January 2026. The Prudential Regulation Authority (PRA) has issued a corresponding policy statement  - PS16/25 - restating its MiFID Org Reg provisions in the PRA Rulebook, also with effect from 23 October 2025.

The Financial Conduct Authority (FCA) has published a statement in response to complaints regarding its handling of FundingSecure Ltd, a regulated peer-to-peer lending firm that entered administration in October 2019. The FCA acknowledged that its assessment of FundingSecure’s application for authorisation could have been more thorough, particularly in recognising changes to the firm's business model—including the addition of offering property development loans—and in ensuring that an approved person was responsible for managing client money at the time of authorisation. It noted that while it sympathises with those who experienced financial losses following the firm’s collapse, these losses were not the result of its actions. The FCA confirmed that affected complainants will receive compensation payments ranging from £50 to £250. It added that it has not upheld complaints relating to its post-authorisation supervision as it found this to be reasonable and proportionate.

This Practice Notes explains the structure, constitution, accountability and corporate governance, including the board and committees of the Financial Conduct Authority (FCA). The corporate governance structure determines the manner in which the FCA is founded, directed and controlled by the Board, its governing body. For more information on the FCA and the UK financial services regulatory framework, see UK regulators—financial services—overview. For more information on the FCA’s functions, objectives and powers, see Practice Notes: Financial Conduct Authority—functions and Financial Conduct Authority—objectives and powers. FCA and corporate governance The FCA was established on 1 April 2013, taking over responsibility for conduct and relevant prudential regulation from the Financial Services Authority (FSA). Under the Financial Services and Markets Act 2000 (FSMA 2000), as amended by the Financial Services Act 2012 (FSA 2012), the FCA acquired responsibility for a broad and diverse range of regulated activities, principally banking supervision, investment services regulation and as a listing authority with a remit extending to both prudential and business conduct regulation. Subsequently, the FCA acquired responsibility for other regulated activities,

This Practice Note explains the Financial Conduct Authority (FCA) training and competence regime. The regime supports the FCA's consumer protection objective, which aims to ensure that employees who deal with customers in the regulated financial services market are competent and suitably qualified to do so. The training and competence regime consists of: • a high-level competence requirement (the ‘competent employees rule’) which applies to individuals engaged in the regulated activity in all UK-authorised firms (including wholesale firms) as set out in the Senior Management Arrangements Systems and Controls sourcebook (SYSC), and • more detailed requirements for certain retail activities, including the need to attain a qualification where relevant, as set out in the Training and Competence sourcebook (TC) The regime must also be seen against the backdrop of the FCA Consumer Duty set out in Principle 12 in the FCA Handbook (PRIN 12), which stipulates that a firm must act to deliver good outcomes for retail clients. The FCA has stated in its guidance on the Consumer Duty that, for instance, as part of their data

Law360, London: The Financial Conduct Authority (FCA) shifted further toward results-based financial regulation in 2024 by requiring regulated companies to comply better with its Consumer Duty, forcing managers to make individual interpretations of the regime's often ambiguous requirements where more specific rules are missing.

The Financial Conduct Authority (FCA) has published a speech by the director of its specialist directorate, Andrea Bowe, outlining the FCA’s fraud strategy. Bowes stressed the need for partnerships to share ideas and lessons learnt, and exchange data and intelligence. She said addressing mule activity is an area where collective efforts can have a substantial impact on disrupting criminal operations and greatly reducing the flow of fraudulent funds.

The Financial Conduct Authority (FCA) has published a speech by its chair, Ashley Alder, in which he discussed how opportunities unique to market-based finance explain why the FCA aimed to reform the UK’s public equity markets and how its review of the financial advice and guidance boundary aims to unlock innovation.

The Financial Conduct Authority (FCA) has published a speech delivered by its director of market oversight, Dominic Holland, at the Association of Corporate Treasurers Annual Conference 2025. The speech focuses on the FCA’s commitment to rebalancing risk in the capital markets to support growth, reduce reporting burdens, and incorporate technological advancements while ensuring consumer protection. Holland emphasised the importance of industry collaboration and feedback to create a balanced and efficient regulatory framework and addressed the need to establish clear rules for emerging sectors, including cryptoasset activities.

Introduction and Background This Practice Note summarises the climate-related disclosure requirements for asset managers, life insurers and Financial Conduct Authority (FCA)-regulated pension providers set out in the FCA Handbook—ESG sourcebook, chapter 2. It covers, among other things, the asset managers and asset owners that are in scope of the rules; climate-related reports; the Task force on climate-related financial disclosures (TCFD) entity and product reports, group level disclosures and delegate reports. The UK’s ambitions for the future of financial services, including mandatory climate disclosures based on the TCFD, were set out in the Chancellor of the Exchequer’s Financial Services statement in November 2020. For more information, see Practice Note: Mandatory climate-related disclosures for UK financial institutions. In December 2021, the FCA published its Policy Statement (PS21/24) setting out its response to its June 2021 Consultation Paper (CP 21/17) concerning climate-related disclosures by asset managers, insurers and FCA-regulated pension providers, along with the final rules. For more information on the consultation, see News Analysis: Climate-related disclosures for the UK asset management industry—the

The Financial Conduct Authority (FCA) has published a speech by its chief operating officer, Emily Shepperd, delivered to the British Insurance Brokers' Association (BIBA), in which she called on the industry to show more leadership in evidencing the value that brokers play when designing commissions and on policing non-financial misconduct and promoting healthy work cultures. Shepperd also said the FCA is considering where it can reduce the regulatory burden on brokers, particularly when insurance is placed through overseas brokers.

The FCA has published a speech by its chief operating officer, Emily Shepperd, on 26 November 2024, at TheCityUK National Conference in Birmingham, outlining its vision for a new 5-year strategy spanning 2025-2030, which focuses on four key themes: supporting economic growth and innovation, tackling financial crime, building consumer resilience, and enhancing regulatory efficiency.