FCA: Insider dealing case
FCA reports that Matthew and Nikolas West have pleaded guilty to insider dealing, following a prosecution brought by the FCA. Matthew West used confidential, inside, information to deal in shares in four companies and also disclosed inside information to his brother Nikolas West in relation to a fifth company. Nikolas West used this inside information to deal. The total profits from the dealing were £42,948. They will be sentenced on 3 July 2025 at Southwark Crown Court. FCA will also apply for confiscation orders in relation to proceeds of crime.
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Last updated · 13 Mar 2026
Regulatory News - Financial Services & Regulation
See all Regulatory News - Financial Services & RegulationFCA: PS26/15: Improving the UK transaction reporting regime
Further to CP25/32, FCA has published feedback and final rules. Changes include the removal of FX derivatives from the scope of reporting requirements. FCA will publish a draft schema, validation rules and new guidelines for consultation in October 2026. The new regime will come into force on 3 April 2028. FCA states that it will take a flexible supervisory approach to some areas from 3 August 2026 until this date.
FCA: Market activity reporter for shares
FCA has launched a market activity reporter for shares which provides visibility of overall UK equity market activity each day. A user guide and methodology document have been published and may be accessed via the following link.
FCA: Handbook Notice 143
The Handbook Notice sets out changes to the Handbook and other material as made by the FCA Board on 25 June 2026 and 30 July 2026.
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FCA: CP26/30: Supporting equity market transparency and considering market structure developments/ CP26/31: Policy Statement for the framework for a UK equity consolidated tape and next steps for delivery
CP26/30 builds on Chapter 4 of CP25/20 and proposes targeted changes intended to reinforce transparency and market functioning, which recognise the growth of bilateral trading and support the establishment of a consolidated tape. CP26/31 contains final rules on the framework for a UK equity consolidated tape and the next steps for its delivery, including proposals on further aspects of how the equity consolidated tape will work. Responses are required by 16 October 2026.
PSR: CP26/2 Specific Direction 17 (Confirmation of Payee) – removing the expiry date and expanding the scope of directed firms
Specific Direction 17 is due to expire on 1 November 2026. PSR is consulting on proposals to remove the expiry date and views on whether it would be appropriate to expand its scope to place all payment service providers) currently offering confirmation of payee on equal regulatory footing, including those that offer it on a voluntary basis. Responses are required by 20 August 2026.