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FCA: Portfolio letters

24 Apr 2025 (UPDATED: 13 Mar 2026) United Kingdom 1 min read

From 30 April 2025, FCA will stop issuing and publishing portfolio letters and will publish a small number of market reports instead.  These reports will include communications relevant to different types of firms and insights from the regulator’s supervisory work.  Until market reports are published later this year, firms should continue to refer to relevant portfolio letters and “Dear CEO” letters for guidance.


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