FOS: Change to compensation interest levels
The interest applied to some awards FOS directs financial service firms to make is being revised to track BoE’s base (average) rate +1%. FOS aims to introduce this change from 1 January 2026 for new complaints referred to it from that date, but will confirm plans for implementation in due course. Further details will be published in the autumn, alongside wider proposals to modernise the redress system.
Last updated · 13 Mar 2026
Regulatory News - Financial Services & Regulation
See allIOSCO: Recommendations for secondary market disclosure
IOSCO’s report is intended to assist regulators in reviewing their existing disclosure frameworks and consider whether any updates or refinements may be needed.
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HoC Business and Trade Committee: Investing in the UK economy
The Committee’s report sets out recommendations relating to the investment environment. Amongst other matters, it recommends that that the Government conduct a feasibility assessment for an investment savings account, with similar features to the Swedish ISK model and suggests that the VFM framework currently in development should include formal measures to ensure greater investment in UK assets. Other areas discussed include listing reforms.
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FCA: AI in financial services – shaping our approach through industry engagement
FCA has published a short blog post by Alex Smith.
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FCA: Car finance “money tips”
FCA is warning consumers against misleading car finance “money tips” adverts issued by claims management companies and law firms on social media.
FCA: Update on reforms to the UK Money Market Fund Regulation
FCA reports that it is planning to introduce, through a new rule, a requirement that all MMFs hold sufficient liquidity for adequate resilience. It intends to retain in rules the current minimum weekly liquid assets as set out in UK MMFR. FCA intends to set out in guidance its strong supervisory expectation that stable NAV MMFs will need to hold 40% WLA and variable NAV MMFs will need to hold 20% weekly liquid assets in order to meet the new resilience requirement.
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