FCA: Claims management companies
FCA reports that it has joined with SRA, ICO and ASA to tackle misleading advertising and inadequate information provided by some claims management companies and law firms working on motor finance claims, and the risk that excessive fees are charged to clients. Using powers under the Consumer Rights Act 2015 and, for the first time, under the Digital Markets, Competition and Consumers Act 2024, FCA, working closely with SRA, has required nine law firms to provide information about their exit fees. Two FCA regulated CMCs have agreed to change their exit fee policies.
Last updated · 13 Mar 2026
Regulatory News - Financial Services & Regulation
See allFCA: Vulnerability review
FCA is reviewing how consumer investment firms support bereaved customers. It has published research which found that 47% of bereaved customers felt they received the support they needed from financial firms. The review will focus on firms that advise, manage, or administer investments (including platforms, advisers and wealth managers). FCA will examine the experience customers have from the moment the firm is told about a bereavement, through to settlement or transfer of investments and will assess how firms communicate, how they support vulnerable customers, their service standards, and how fees are handled on bereaved accounts.
PRA: Speech by Sam Woods: Clinical supervision
Text of Sam Woods’ speech of 12 May 2026 follows in which he discusses banking supervision. He concludes: “as the financial system and broader economy continue to evolve, supervisors will need to upskill across an even broader set of issues … This might in time mean a more senior and more specialised workforce”.
FCA: Appointments
FCA has announced the appointments of Simon Walls (executive director, markets) and Johan Sekora (COO).
HMG: The Enhancing Financial Services Bill
The Enhancing Financial Services Bill was announced in the King’s Speech and is intended to deliver key parts of the Leeds Reforms. Amongst other matters, the Bill will: enact reforms to FOS; consolidate PSR within FCA; reduce the overall burden of SM&CR by 50% with a focus on accountability of the most senior figures in financial services, and update the statutory framework underpinning the ringfencing regime in order to unlock more finance for SMEs.
BoE: DLT Innovation Challenge 2025 – final report
The report describes the outcomes of the DLT Innovation Challenge and sets out how it has informed BoE’s views on DLT with regard to settlement finality, scalability, network and asset control and interoperability.
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