The FCA is consulting on proposed changes to its penalty framework that signal a tougher approach to individual accountability and deterrence, with practical implications for firms and individuals subject to FCA supervision. Comments are due by 10 August 2026.
Continue Reading UK Financial Conduct Authority Consults on Tougher Penalty Framework
This is the fourth in our series of GT Alerts reporting on the House of Lords Financial Services Regulatory Committee (the Committee) inquiry into the non-bank financial institutions (NBFI) sector.
Continue Reading Do Non-Bank Financial Institutions Pose a Systemic Risk?
In October’s GT Alert on non-bank lending, we focussed on whether there was a justification in banks being subject to regulatory capital requirements when non-bank financial institutions (NBFIs) were not.
Continue Reading Non-Bank Lending in the Spotlight – Does the System of Calculating Regulatory Capital Require Revisiting?
In the GT Alert we produced in September, we commented on the inquiry the Financial Services Regulation Committee (the Committee) of the House of Lords commenced on non-bank financial institutions (NBFIs).
Continue Reading Non-Bank Lending in the Spotlight: Regulatory Capital and Its Impact
In July 2025, the House of Lords’ Financial Services Regulation Committee launched an inquiry into the expansion of non-bank lending in the UK. The investigation explores whether stricter bank regulations since the global financial crisis have limited traditional bank lending, prompting non-bank financial institutions to fill the gap—and considers the impact on the nation’s financial stability.
Continue Reading Non-Bank Lending in the Spotlight: UK House of Lords Inquiry into Systemic Risks and Market Stability
The UK Financial Conduct Authority (FCA) is expanding the reach of its Code of Conduct (COCON) for non-bank firms and consulting on new guidance related to non-financial misconduct, with changes taking effect from September 2026 that will align requirements more closely with those already applicable to banks.
Continue Reading UK FCA Expands the Reach of COCON and Consults on Non-Financial Misconduct
The FCA has initiated significant engagement with the private funds sector, akin to its 2013 AIFMD implementation efforts. In 2025, it plans to streamline UK regulatory requirements for fund managers and review conflict of interest management, focusing on governance and investor protections.
Continue Reading FCA Review of Private Fund Market Valuation Practices
The UK Financial Conduct Authority (FCA) has proposed significant changes to the safeguarding requirements for UK registered payments and e-money firms (CP24/20). The FCA’s goal is to replace the current
Continue Reading UK FCA Proposes Changes to Safeguarding Regime for Payments and E-Money Firms
This 5 Trends piece covers non-financial misconduct, the Senior Managers and Certification Regime, FCA investigations and Upper Tribunal proceedings, motor finance, and FCA Sustainability Disclosure Requirements.
Continue Reading 5 Trends to Watch: 2024 UK Financial Services Regulation
The UK’s Financial Conduct Authority (FCA) released a Discussion Paper (DP23/2: Updating and improving the UK regime for asset management) in February 2023 which recognises that, as a consequence
Continue Reading Updating and Improving the UK Asset Management Regime: An FCA Discussion Paper