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 & RegulationBIS: Note of Basel Committee meeting
BIS has published a note of the Basel Committee meeting held on 28–29 September 2026, Topics include: digitalisation in AI; cryptoassets; GSIBs; interest rate risk in the banking book; liquidity, and AML/CTF,
FCA: CP26/34: Preparing for the new transaction reporting regime
FCA has published the detailed results of the annual survey, noting that 79% of firms are highly satisfied with their relationship with the regulator, up from 74% last year. The Practitioner Panel notes that the results also highlight that firms want simpler regulation, greater predictability and a more proportionate regulatory framework and questions whether simplification initiatives are making reductions in the regulatory burden or costs.
FCA/Practitioner Panel: 2026 survey
FCA has published the detailed results of the annual survey, noting that 79% of firms are highly satisfied with their relationship with the regulator, up from 74% last year. The Practitioner Panel notes that the results also highlight that firms want simpler regulation, greater predictability and a more proportionate regulatory framework and questions whether simplification initiatives are making reductions in the regulatory burden or costs.
For more information
- https://www.fca.org.uk/publication/external-research/fca-practitioner-panel-joint-survey-2026.pdf
- https://www.fca.org.uk/news/news-stories/firms-confidence-satisfaction-and-trust-fca-rise
- https://www.fca.org.uk/publication/external-research/fca-practitioner-panel-joint-survey-2026-methodological-note.pdf
FCA: Authorisations operating service metrics
FCA has published Q1 2026/27 operating service metrics.
BoE: Speech by Nathanaël Benjamin: A unique vantage point
Text of Nathanaël Benjamin’s speech of 1 October 2026 follows in which he discusses surveillance of the markets, with particular regard to hedge funds and the gilt repo market.