FCA: CP26/23: Consumer Duty – scope and proportionality
FCA is consulting on changes to its rules and non-Handbook guidance to: remove business with non-UK customers from the Consumer Duty's scope; clarify where the Consumer Duty applies and where it does not; clarify when and how firms can rely on each other when they work together in distribution chains, and explain the interaction between the Consumer Duty and other product governance rules. Responses are required by 18 September 2026. FCA emphasises that the changes are part of its plans to “give wholesale firms the confidence to apply the Duty proportionately”. A blog by Simon Walls has been published alongside the consultation.
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Last updated · 29 Jun 2026
Regulatory News - Financial Services & Regulation
See all Regulatory News - Financial Services & RegulationHMT: Speech by Lucy Rigby
Text of Lucy Rigby’s speech of 10 September 2026 follows in which she discusses AI, asset management, pensions reform and venture capital.
FCA: CP26/33: Consultation on minor general insurance value measures changes and post-implementation review of the value measures rules
In this CP, FCA proposes two minor changes intended to reduce reporting burden on firms. This follows a post-implementation review of FCA’s GI value measures rules, first introduced in 2021. Responses are required by 9 October 2026. It is noted that FCA intends to consult on wider changes to the value measures rules in the first half of 2027.
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HoL: Financial Services and Markets Bill
A revised version of the Bill has been published following Committee stage.
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HoL: Financial Services and Markets Bill
Committee stage in HoL has now been completed, with the third reading of the Bill scheduled for 15 September 2026. Hansard transcripts of the Committee stage debates may be downloaded via the following link.
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BIS: When machines attack – frontier AI cyber threats and policy responses in the financial sector
This FSI Insights publication considers frontier AI models’ cyber capabilities and their prudential implications for financial sector supervisors. It includes a section which analyses financial authorities’ policy responses.