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 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”.
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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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.