- Increasing Focus on AI — AI developments and uses and the evolving legal and regulatory landscape may bring about new litigation and enforcement risks stemming from claims of algorithmic bias,
UK FCA Expands the Reach of COCON and Consults on Non-Financial Misconduct
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.
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FCA Review of Private Fund Market Valuation Practices
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.
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UK FCA Letter Expresses Concerns About Fund Service Providers
In late 2024, the United Kingdom’s Financial Conduct Authority (FCA) published a “Dear CEO” letter related to the FCA’s “Custody and Fund Services Supervision Strategy.” The letter shares the FCA’s
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UK FCA Proposes Changes to Safeguarding Regime for Payments and E-Money Firms
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
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5 Trends to Watch: 2024 UK Financial Services Regulation
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.
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Updating and Improving the UK Asset Management Regime: An FCA Discussion Paper
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
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5 Trends to Watch: 2023 UK Contentious Financial Regulation
1. Non-financial misconduct – FCA guidance expected
It is anticipated that in 2023 the Financial Conduct Authority (FCA) will provide further guidance on the increasingly uncertain question of what kinds
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FCA Takes Next Step Towards a UK Consumer Duty: An Update for Regulated Businesses
In December 2021, the UK Financial Conduct Authority (FCA) published a consultation to set a higher standard of consumer protection in retail financial markets, an endeavor which began in July
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Principals in the Spotlight as UK’s FCA Consults on Changes to Appointed Representatives Regime
The Appointed Representatives Regime (ARR), a well-known and important feature of the UK regulatory landscape, enables certain businesses – Appointed Representatives (ARs) – to conduct regulated activities without having to
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