FCA: PS25/5: Our Enforcement Guide and greater transparency of our enforcement investigations
FCA has published the final version of its streamlined and updated Enforcement Guide. FCA has retained the “exceptional circumstances” test for announcing investigations into regulated and listed firms. In addition, it has identified three situations where there was broad support for increased transparency: where FCA is investigating suspected unauthorised financial services, or a suspected offence relating to unregulated activity, and an announcement will warn consumers or investors or help the investigation; where the fact of the investigation has been made public by the subject, an affiliated company or a regulatory body, government or public body, and anonymised announcements, not naming or identifying the subject of the investigation. These changes will only apply to investigations launched on or after 3 June 2025. The Guide comes into effect on 3 June 2025 and FCA has confirmed that it will continue to consult on future changes to it.
Last updated · 13 Mar 2026
Regulatory News - Financial Services & Regulation
See allIOSCO: Supervisory toolkit for AI use in capital markets
IOSCO’s report is intended to provide regulators with a practical toolkit to support the supervision and oversight of AI based systems used by regulated entities.
For more information
BIS: Speech by Fernando Restoy: Overseeing banks' governance – can we do it better?
Text of Fernando Restoy’s speech of 26 May 2026 follows in which he considers policy approaches to foster strong governance in banks.
For more information
FCA: Annual Public Meeting
FCA has announced that the forthcoming APM on 6 October 2026 will take place in Edinburgh for the first time.
For more information
The Securitisation (Overseas STS Equivalence) (European Union, Iceland, Liechtenstein and Norway) Regulations 2026/550
The SI amends the UK securitisation framework to remove the time limit on the temporary recognition of certain simple, transparent and standardised securitisations originating in the EEA as eligible for STS preferential prudential treatment in the UK. (Date in force: 30 June 2026)
For more information
FSSC: A workforce transformed – technology, skills and the future of work in financial services
FSSC’s first report for HMT provides a detailed view of how AI is reshaping tasks, roles, and skills within the financial services sector.