Firms subject to the Financial Ombudsman Service need to keep up with regulatory news, especially in light of FOS fee reform and FCA redress changes. We summarise the consultations and what they mean for your business below. What’s in the consultations?…
With lots of information coming out from from the latest FCA announcement we have looked at the Myths and Facts to make it a bit clearer for you and your team. Myth: The Certification Regime is being scrapped, so firms can…
The Senior Manager Regime covers the most senior decision-makers in financial services firms. The aim is individual accountability for holding key responsibilities, always subject to regulatory scrutiny. The consultations propose several important changes. What’s New for SMFs? Summary Expect…
SMCR scope changes have major implications for enhanced and limited scope firms. This article outlines the latest updates, explains the impact, and provides practical steps for reducing the compliance burden in line with evolving FCA standards. Beyond SMFs and Certification,…
The Certification Regime currently requires firms to certify many mid- and upper-level staff – not just SMFs – as ‘fit and proper’ every year. This includes people in significant harm functions (roles that may pose risk to customers or the…
The SMCR Shake-Up The latest SMCR shake-up is a major focus for firms and senior managers this year. HM Treasury (HMT), the FCA, and the PRA have published long awaited consultations proposing reforms to the Senior Managers & Certification Regime…
The Prudential Regulation Authority has published its Business Plan for 2025 Setting out an ambitious regulatory agenda that balances safety and soundness with a renewed focus on competitiveness and growth. For firms operating across banking, insurance, and investment sectors, understanding…
The FCA’s 2025/26 Annual Work Programme introduces several completely new initiatives this year: 1. Remove administrative burdens A new platform, My FCA was launched on 31 March 2025, aiming to simplify interactions with the FCA and provide a better user…