FCA: Final Notice: Infinox Capital Limited
The firm has been fined £99,200 for failing to submit 46,053 transaction reports for single-stock CFD trades executed through one of its corporate brokerage accounts. Although the firm identified its failure to submit these transaction reports following a third-party review, it did not proactively report the breach to FCA, which independently identified this discrepancy in transaction data submitted. Although CA has fined a number of firms for transaction reporting failures, this is the first enforcement action against a firm for a breach of transaction reporting requirements since they became law under UK MiFIR.
Last updated · 13 Mar 2026
Regulatory News - Financial Services & Regulation
See allFCA: Sanctions
FCA has reviewed financial firms’ sanctions systems and controls, highlighting good and poor practices and areas for improvement to support better compliance with sanctions rules. FCA states that firms should consider the findings and examples in this report and continue to review their systems and controls to ensure they comply with both financial and trade sanctions. An accompanying press release notes that, although financial firms have made progress in preventing sanctions breaches, gaps remain. FCA has also announced that it has just signed an MoU with OTSI which sets out the arrangements for cooperation and the sharing of intelligence between the two organisations – text of the MoU appears in the third link below.
PRA: PS15/26: Pillar 2A review – Phase 1
Further to CP12/25, PRA has published feedback and final policy, including detailed information on the changes to draft policy. The policy comes into effect on 1 January 2027.
FCA: Mutual societies registration function
FCA has published an update on its work in 2025/26, including a list of priorities for 2026/27.
FCA: Skilled persons reports
FCA has published its update for the period covering 1 January 2026 – 31 March 2026.
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FCA: Review of financial promotion approvers
FCA has published a short press release which notes the results of a review of 10 authorised firms that approve financial promotions for businesses which are unauthorised (BNPL, crowdfunding and corporate finance). FCA found that the strongest firms were applying the Consumer Duty from the start of their processes., but some firms approved adverts with unsubstantiated claims or allowed retail investors to see promotions intended for professional clients. In some cases, firms relied on third-party templates.