News and Insights

The Context Those in regulated financial services will know the phrase well: ‘those not in scope can treat this as guidance.’ The FCA’s Operational Resilience: Insights and Observations One Year On opens…

Summary Global efforts to govern artificial intelligence are multiplying. The problem, as a landmark paper published this month in Global Policy makes clear, is that almost none of them carry sufficient authority…

Summary Sustainable investing is entering a new phase. Policy architecture is largely in place. The conversation has shifted from what rules should exist to whether firms are actually implementing them, and whether…

When technology feels like control There’s been a lot of discussion recently around allegations involving a compliance technology provider. Whether those claims are substantiated or not is ultimately a secondary question. What’s…

Summary The FCA’s PS26/2 is not just a reporting reform but a direction of travel we’ve been seeing consistently with regulation: moving to addressing data architecture. At its core, the policy introduces…

Summary The Financial Conduct Authority (FCA) has always linked tone from the top, treatment of staff, internal challenge, disciplinary integrity, and record keeping to fitness and propriety, market integrity, and consumer protection.…

Summary The regulatory conversation around sustainable investing has evolved significantly over the past two years. What began as a policy discussion around ESG transparency has moved into the supervisory phase. The Financial…

Across the UK and EU, policymakers are trying to answer the same question: how do we move household savings back into productive investment without repeating past episodes of retail harm? The narrative…

Summary AIFMD II: harmonisation or divergence? In the corporate world, the AIFMD II comes in at the start of Q2, meaning that there is less than a quarter to finalise change management…

Summary The Financial Conduct Authority’s (FCA”) CP25/36 on client categorisation and conflicts of interest (the “consultation”) should not be read as a narrow technical consultation. It is better understood as part of…

Summary Government and Parliament use regulation to deliver various public policy objectives across many areas, particularly where government does not provide or commission services directly. Regulation is characterised by a set of…

Introduction We ended 2025 under a steady stream of year-end publications from the Financial Conduct Authority, plenty of reading material for the average person! Looking ahead to 2026, the regulatory agenda will…

Summary Introduction  The principles are not new, but we now have a more consistent approach to non-financial misconduct has been delivered by the FCA with PS 25-23, Tackling Non-Financial Misconduct in Financial…

Alongside global macro themes which are also on the FCA’s priorities and agenda, including crypto regime build-out, AI/tech initiatives and further work on operational resilience and reporting, the below are the key…

  Client Profile: Full-scope AIFM with MiFID top-up permissions | 3-person compliance team | FCA regulated The firm had onboarded a recorded communications system but lacked the internal resource to integrate this…

With tough love, and some element of hindsight, the industry is telling The European Commission’s November 2025 SFDR overhaul proposal “I told you so”. It arrived after years of industry frustration, parliamentary…

A lot of people understand the importance of good compliance and risk management. When nothing happens (no fines, no complaints, no emergencies), most people within a business rarely have insight into the…