FCA: Donre Advisory Limited
FCA has reported that the firm has entered creditors’ voluntary liquidation. FCA has published a First Supervisory Notice dated 17 May in which it imposed requirements on the firm on the grounds that it did not have any approved senior managers and did not have the appropriate financial or non-financial resources in relation to the regulated activities it carried out. FCA notes that the firm remains subject to supervisory oversight and its rules, and is working closely with the joint liquidators. It also notes that PSG SIPP Limited, owned by the firm, is operationally independent and remains trading. To protect customers, the firm is also subject to requirements to retain the company’s assets and to certain governance restrictions on the appointment of new board directors.
Last updated · 13 Mar 2026
Regulatory News - Financial Services & Regulation
See allIOSCO: SupTech – mapping the use of technology in financial supervision
IOSCO’s report provides a summary of a survey of 49 jurisdictions on their current and expected future use of SupTech tools for supervision and regulatory oversight.
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HMT: AML/CTF supervision reform: duties, powers, and accountability consultation response
Further to its November 2025 consultation, HMT has now published feedback and final policy position. It is confirmed that the Government will transfer AML/CTF supervision of legal and accountancy professional services firms from Professional Body Supervisors to FCA. Amongst other matters, the application of regulation 58 “fit and proper” requirements will be extended across legal and accountancy service providers; existing duties relating to risk-based supervision would apply to FCA’s expanded remit, and FCA will be given the power to appoint a skilled person and the power to issue directions to firms, subject to appropriate statutory safeguards to ensure their proportionate use. Responsibility for issuing AML/CTF guidance will move to FCA, with HMT retaining a limited oversight role. It is noted that there are no plans at this stage to introduce new legislative requirements to mandate the sharing of SARs.
HoL Financial Services Regulation Committee: Financial Services and Markets Bill
The Committee has published a letter to Lord Stockwood, Minister for Investment, about the Financial Services and Markets Bill. The letter raises concerns over clause 17 of the Bill, which removes the requirement that PRA and FCA must have regard to the regulatory principles in s3B of FSMA, and removes the requirement for the regulators to show how they have had regard to the regulatory principles when notifying the Committee of consultations.
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FCA: Speech by Therese Chambers: Beyond the headlines – the unseen fight against financial crime
Text of Therese Chambers’ speech of 17 June 2026 follows, in which she discusses FCA’s work on “the quiet prevention of harm”.
BIS/IAIS: Cyber insurance unpacked – the corporate digital safety net
Based on desktop reviews and interviews with supervisors, insurers, reinsurers, brokers and other market participants, this FSI Insights report, published in collaboration with IAIS, looks at cyber insurance product coverage, pricing and underwriting practices, and considers the insurance protection gap. It also highlights key considerations for supporting the sound and sustainable development of cyber insurance.