Compliance Insights Articles

The latest FCA regulatory update contains several important developments for compliance professionals, including changes to the Motor Finance Compensation Scheme, increased scrutiny of financial promotion approvals, new Skilled Person statistics and enforcement action by the ICO. In this monthly compliance update we summarise the key regulatory developments and explain what they mean for FCA regulated firms.

FCA Publishes Good and Poor Practice on Consumer Duty Products & Services Outcome The FCA has published yet another Good and Poor Practice paper in relation to the Consumer Duty, this time focusing on the Products and Services Outcome. This demonstrates the FCA’s commitment to communication and engagement with the industry providing valuable insight into what supervisory teams expect to see when assessing firms' product governance arrangements. The findings are based on a rev

Non-Financial Misconduct Guidance: What FCA Regulated Firms Need to Know Before September 2026

Artificial Intelligence is now a strategic issue for the financial regulator. Over the past decade, the question has quickly gone from ‘whether AI will affect financial services’ to how ‘should regulation evolve as AI becomes embedded into modern life’. The FCA’s work over the past two years demonstrates an important shift. Rather than creating an AI-specific rulebook, the regulator is building a supervisory framework that aims to enable innovation while keeping firms account

Every month we bring you the latest regulatory updates, here are the most recent! Reform of the Consumer Credit Act 1974 (CCA) In May 2025 HM Treasury published their phase 1 consultation on removing provisions from the CCA, enabling the FCA to create equivalent and more flexible rules in the Handbook, most likely CONC. The three main areas of review were: Repealing and recasting provisions related to information requirements, statutory sanctions, and criminal offenses and gi

This article sets out a practical summary of the key changes introduced by the Money Laundering and Terrorist Financing (Amendment) Regulations 2026 from the perspective of an FCA-regulated financial services firm. Area Previous Position New Requirement What Financial Services Firms Should Do Pooled client accounts No specific AML obligations tailored to newly opened pooled client accounts. Firms opening new pooled accounts must understand the purpose of the account, ensure i