The FCA has published proposals to ensure that environmental, social and governance (ESG) ratings are transparent, reliable and comparable. The move is estimated to deliver around £500m in net benefits over the next decade.ESG ratings inform investment decisions, risk management and regulatory reporting. Global spending on ESG data, including ratings, is projected to reach $2.2bn in 2025.These proposals follow the decision by the government to bring ESG ratings within the FCA’s remit, supported by 95% of those who responded to its consultation. Introducing clear, proportionate rules for transparency and governance will help to build the market’s trust in ESG ratings and address concerns.The FCA’s research shows around half of those who use ESG ratings are worried about how they are built (55%) and how transparent they are (48%). The proposals aim to address this and focus on 4 areas:Increased transparency – allowing easier comparisons for the benefit of both those who use ratings and those who are rated.Improved governance, systems and controls – to ensure clear decision-making and strong oversight and quality assurance.Identification and management of conflicts of interest.Setting clear expectations for stakeholder engagement and complaints handling.There are also proposals on applying existing FCA rules to firms coming into the FCA’s remit. The proposed rules are designed to be proportionate to business size and risk.Strengthened market trust through proportionate oversight benefits business. This will reinforce the UK’s reputation as a global sustainable finance hub, supporting innovation and continued growth. It will also support the government’s commitment to sustainable finance in its industrial strategy.Sacha Sadan, director of sustainable finance at the FCA, said:'Our proposals will give those who use ESG ratings greater trust and confidence – supporting our goal of increasing trust and transparency in sustainable finance.'This will enhance the UK’s reputation as a global sustainable finance hub – attracting investment and supporting growth and innovation.'The proposals draw on the existing voluntary industry code of conduct and International Organization of Securities Commissions (IOSCO) recommendations to support consistency and international competitiveness.The FCA welcomes feedback on the proposals – the consultation is open until 31 March 2026.Final rules are expected in Q4 2026, with the new regime coming into effect from June 2028. The FCA will provide support for those firms wishing to become authorised as an ESG rating provider.Notes to editorsRead the consultation.Read the Research Note.ESG ratings are evaluations of a company, product or fund’s performance across environmental, social and governance factors. This follows the Government’s decision to bring ESG ratings within the FCA’s remit, as set out in legislation published in October 2025. The FCA proposals are aligned with international standards, including International Organisation of Securities Commissions (IOSCO) recommendations and the industry-led ICMA Code of Conduct.Our net benefit statistic and the underlying analysis, assumptions and methodologies can be found in our cost-benefit analysis (CBA).

As part of our aim to be a smarter regulator, we’re making it easier for firms to access FCA regulatory reporting systems. From 28 November 2025, access to RegData will be through sign in to My FCA.Over the coming months, this will also include Connect and Online Invoicing System, so that everything you need will be in one place.You don’t need to do anything. All RegData sign in links and bookmarked pages will automatically redirect to My FCA.After signing in, you will be able to view your firm's details and scheduled tasks along with the due date and status. There are also links to other resources in My FCA including system notices and regulatory updates.From the My FCA homepage, you will be able to navigate to all the systems you have access to without needing to sign in again, which we hope will save you time.Please keep sharing your feedback using the form at the top of the My FCA homepage, so we can continue to shape and improve My FCA.

An individual has been arrested on suspicion of market manipulation, fraud by false representation, and forgery. They were arrested at their London home, and a search was carried out under warrant by investigators from the FCA and the Metropolitan Police.The suspect was interviewed under caution by the FCA and released on bail. The FCA’s investigation into the case is ongoing.

Speech by David Geale, executive director, Payments and Digital Finance and Payment Systems Regulator (PSR) managing director, at City & Financial Global. On this day in 1922, Howard Carter became the first to enter the tomb of King Tutankhamun.He couldn’t see much, at first – he’d made a small hole in the door and had to peer through it using a torch. But it was enough for him to see something.People were divided on what happened when Carter opened the door.Some saw history being brought to life. Others believed it unleashed a curse.It sometimes feels that, with cryptoassets and stablecoins, we are standing at the same type of door.We saw the first glint of what was to come in 1990 with the launch of eCash. It hinted at a something that would define an age – the Carter moment for digital money, if you will.Less than 20 years later, Bitcoin flung the door wide open as the first true cryptoasset.And, like the one to Tut’s tomb, the door has stayed open.Today, cryptoassets and stablecoins are moving towards being mainstream.Over 90% of people in the UK have heard about crypto, and roughly seven million currently own or have owned it at an average of just over £1,800.Again, we find ourselves with two distinct schools of thought: One that believes we’re on the precipice of something great. Some have even called Bitcoin 21st-century gold.And another that sees an inherent danger in cryptocurrency due to its high volatility (as we are seeing again this week), difficulty in determining value and security risks.It’s true that crypto is currently largely unregulated in the UK and carries high levels of risk.But we also know that crypto is a broad term that encompasses a number of applications and use cases. For example, many would contend that stablecoins could bolster UK growth and competitiveness.I’m no Howard Carter, but I think there is a way to keep the door open and ensure consumers remain safe – supported by balanced and appropriate regulation.We already supervise cryptoasset businesses for anti-money laundering, counter-terrorist financing and financial promotions.Now, we find ourselves at a crossroads as the government works to bring crypto into our perimeter.

The FCA has started criminal proceedings against Bobosher Sharipov and Bekzod Avazov for insider dealing. Mr Sharipov worked at investment bank Jefferies International Limited (Jefferies) and advised GCP Student Living Plc (GCP) on a potential takeover. Mr Sharipov is charged with leaking confidential inside information about the takeover to his close friend and business associate, Mr Avazov.Mr Avazov is alleged to have used that confidential inside information to trade in GCP shares and spread bets to make a profit of almost £70,000. The alleged offending took place in 2021.The FCA’s specialist market monitoring systems identified Mr Avazov’s trades as suspicious given the timing and profit. FCA analysis of public records uncovered that Mr Sharipov and Mr Avazov were former colleagues and flatmates.Steve Smart, executive director of enforcement and market oversight at the FCA, said:'We believe that Mr Sharipov took advantage of his position so he and his friend Mr Avazov could benefit through committing crime and gaming the system. The integrity and cleanliness of our markets rely on trust. It is right that this case is heard by the courts.'The case was formally sent to Southwark Crown Court. Neither defendant indicated a plea.Jefferies has co-operated fully with the FCA’s investigation.Notes to editorsBobosher Sharipov’s date of birth is 13 December 1981 and Bekzod Avazov’s date of birth is 18 June 1982.Jefferies International Limited is authorised and regulated by the FCA.Bobosher Sharipov has been charged with insider dealing contrary to 52(2)(b) of the Criminal Justice Act 1993 (improper disclosure of inside information).Bekzod Avazov has been charged with insider dealing contrary to section 52(1) of the Criminal Justice Act 1993 (dealing in price-affected securities in relation to inside information).The defendants had their first appearance today at Westminster Magistrates Court.Insider dealing is punishable by a fine and/or up to 7 years’ imprisonment for offences that occurred during the period of these alleged offences. For offences committed on or after, 1 November 2021, the maximum sentence for insider dealing is a fine and/or up to 10 years’ imprisonment.Tackling financial crime is a priority under the FCA's5-year strategy.TheFCA enables a fair and thriving financial services market for the good of consumers and the economy.To report market abuse or to speak to someone about it,see our market abuse page.

The FCA has accepted RegTech platform, Eunice, into its Regulatory Sandbox to explore an industry-led solution to improve transparency of the UK's crypto markets. Eunice helps financial institutions, regulators and businesses navigate cryptoassets, tokenised assets and on-chain infrastructure. Working alongside some of the largest cryptoassets firms including Coinbase, Crypto.com, and Kraken, Eunice is designing and testing an innovative solution in the sandbox for disclosing important information about cryptoassets.This will help make digital assets safe and more secure for UK investors by ensuring consumers understand the risks before purchasing crypto.A working group convened and led by Eunice has developed standardised, industry-led crypto disclosure templates that will make it easier for firms to meet document requirements, to ensure investors have the right information to make well-informed decisions.As part of the FCA's Regulatory Sandbox, Eunice will experiment with the disclosure templates to achieve maximum transparency. The insights gained from Eunice's test will help inform the FCA's approach to disclosures requirements for cryptoassets.Yi Luo, CEO and co-founder of Eunice said:'The FCA Sandbox is where regulators and industry participants meet to build the foundations for a safer and smarter digital asset market. Leading the work around disclosures is a great point of pride for Eunice, which was founded to bring integrity and transparency to digital assets at a time when institutions are stepping into the space. We are excited to work with the FCA and the industry and look forward to making a lasting impact.'Colin Payne, head of innovation at the FCA said:'The FCA has a strong track record of helping firms launch products and services that benefit consumers and markets. Our Regulatory Sandbox accepts applications year-round from all types of firms who are looking to test their innovative ideas.'We encourage any firm to apply who are looking to test a similar solution to help inform our regulatory approach to cryptoassets.'This solution is in response to the FCA's Admissions and Disclosures Discussion Paper that was published last year and encouraged industry to share its expertise and help shape future rules.As part of the FCA's Crypto Roadmap, the regulator has set out its upcoming policy publications as it prepares to publish its final rules in 2026. Recognising the dynamic nature of the crypto sector, the FCA has encouraged industry to play a leading role in helping to shape clear crypto regulation.Clear crypto regulation will improve the integrity of the UK's crypto markets, help protect consumers and support the UK's growth and competitiveness, a central part of the FCA's strategy.Notes to editorsThe FCA's Innovation Hub provides support to firms to launch innovative products and services.Since 2014, the FCA's Regulatory Sandbox has provided a safe place for firms to test innovative products and ideas in the market with real consumers. It has since been replicated by over 95 global regulators.Read the FCA's Discussion Paper on Admissions and Disclosures and Market Abuse Regime for Cryptoassets.The FCA's Crypto Roadmap (PDF) sets out planned policy publications for cryptoassets.

Speech by Ashley Alder, FCA Chair, at the Investment Association Annual 2025 Conference: Scotland. It can’t have escaped your attention that a dominant contemporary theme for UK regulators is to do with our contribution to economic growth and UK competitiveness. And it’s not surprising that there have been some fairly intensive debates around this question ever since our secondary objective went live in 2023. Different viewpoints have centred on apparent trade-offs between growth and our consumer protection objective, and between growth and system resilience. Many have also pointed to successive cycles of regulatory tightening – usually in response to a financial crisis – which were then followed by periods of relaxation as memories fade and economic priorities change...until the next crisis.And back in February, the chair of the Treasury Select Committee, Dame Meg Hillier asked a fair question: ‘Rhetoric and vested interests aside, where is the proof that stripping away financial services regulation will generate meaningful growth?’ All of this set the scene for our new 5-year strategy published in March. The strategy is absolutely explicit about the connections between what the FCA does as a regulator and positive economic outcomes. For example, greater financial security for an aging population, fostering innovation and, for younger people, the ability to get onto the housing ladder. We were also clear about the trade-offs that must accompany the choices we make.This focus on regulation for growth is also happening amid a period of radical secular change, of a type which feels unprecedented and which, as a regulator, we must take into consideration.The risks and benefits of AI, distributed ledger and other technologies are all part of the daily conversation. And we can add to this heightened geopolitical and security risks as well as the short- and long-term effects of climate change. Now we could dwell on these issues all day. But for now, I would point to the fact that all of us are facing into at least 3 big themes:Low growth and productivity on the domestic front.Technology revolutionising how we operate in our business and personal lives. A challenging geopolitical environment requiring rapid adaptation. And we don’t underestimate the implications of all of this for your industry. After all, UK asset management is a world leader, influencing the allocation of vast pools of domestic and international savings. This fact has not been lost on policy-makers who, understandably, are keen to redirect more of the savings that you manage into domestic investment. That brings me to one of the main headlines with which we introduced our new 5-year strategy. This was 'rebalancing risk', intended to signal that in any market economy, risk is not to be avoided but is essential for fostering investment and innovation. 'Risk’ is, however, far from a straightforward concept. Effective management and understanding of risk spanning different markets and different participants – ranging from the sophisticated to the vulnerable – is critical to the healthy development of the financial system. It also underpins our work around more proportionate regulation as a smarter regulator.

On 25 November 2025, we were delighted to host our second annual Economics Research Conference at our headquarters in Stratford, London. The event showcased our commitment to shaping a financial system that works well for all, focusing on our theme of rebalancing risk and deepening trust.Bringing together leading thinkers from across academia, industry, and government, the conference explored how financial services regulation can evolve to better manage risk while strengthening consumer and market trust.Through a series of speeches and breakout sessions, delegates discussed how regulation can protect consumers while enabling innovation and growth. By understanding systemic risk, adapting regulatory approaches and promoting financial inclusion, this can boost confidence in UK wholesale markets.Guest speakers included William Wright from New Financial and Professor John Thanassoulis from Warwick Business School.The FCA's chief economist Kate Collyer said: 'Balanced risk-taking has an important role to play in regulation and well-functioning markets. For consumers, it can help make informed investment decisions and, for firms, it drives efficiency and innovation.'The discussions we hosted at our conference will help formulate policies that strengthen market confidence and shape regulatory approaches that encourage economic growth.'William Wright, founder and managing director of New Financial, said:'Rebalancing risk means resetting the balance between risk, growth and regulation. Sensible risk-taking drives investment and innovation, while excessive caution can undermine long-term prosperity. Allowing investors to take a little more risk could spark a virtuous cycle of growth.'We thank all our speakers and attendees for contributing to a thought-provoking and forward-looking day.

From 6 November 2025, and following enforcement action, The Dental Insurance Partnership Ltd ('DIP') is no longer an authorised firm and its permission to carry on regulated activities has been cancelled by the FCA. DIP failed to demonstrate to the FCA that it is fit and proper to carry out regulated activities. Our final decision notice sets out further details.Next steps for customersDIP sold insurance policies for dental and breast implants to clinics, dentists and individual consumers.If you purchased an insurance policy from DIP, you should contact the insurer that is named on your policy to:confirm the status of your policynotify the insurer of any new claims on your policycheck the status of any existing claims on your policy (including those already notified to DIP)arrange payment of any outstanding claimsC&C Insurance Company PCC Ltd, an overseas insurer based in the Seychelles, and not regulated by the FCA or the PRA, was the insurer for some of the products sold by DIP.If you are unhappy with the service that you receive from C&C Insurance Company PCC Ltd you can complain to them directly at complaints@cnc.sc. Complaints will be handled in line with the steps set out in the Seychelles Financial Services Authority’s Complaints Handling Guidelines.If you are not happy with the service provided by DIP, you have the right to complain and can do so directly to them. Usually, firms must respond to your complaint within 8 weeks. However, as DIP is no longer authorised this - and our other complaint handling rules - do not apply. If you don’t hear from them within 8 weeks, or are unhappy with their response, you may take your complaint to the Financial Ombudsman Service. For more information about making a complaint, refer to our How to complain guidance.C&C Insurance Company PCC LtdTelephone: +248 4303798Email: info@cnc.sc, complaints@cnc.sc & claims@cnc.scWebsite: www.cnc.scBackgroundFrom 20 March 2025, DIP agreed to stop carrying out any regulated activities. This meant DIP could not provide any services on behalf of an insurer, including selling new insurance policies, offering renewals, or providing any advice to new or existing consumers.

On 24 November 2025, JNFX Ltd entered special administration under the Payment and Electronic Money Institution Insolvency Regulations 2021. Louise Brittain and Matthew Richards of Azets Holdings Ltd have been appointed joint special administrators.JNFX is authorised by the FCA to provide foreign exchange and payment services for corporate clients.On 20 November 2025, JNFX agreed to a voluntary undertaking, which restricted the activities it can undertake.See details on the Financial Services Register. The special administrators are responsible for:Managing customer claims against the firm.Returning funds to customers where possible.As the firm continues to be authorised by us, we will engage with the special administrators to seek the best outcome for customers. Support for customers

On 20 November 2025, the Government published a draft Statutory Instrument and related policy note, to make T+1 the standard settlement cycle in the UK from 11 October 2027. We encourage market participants to review the draft SI and policy note to prepare for T+1.The Government welcomes any technical comments on the draft SI by 27 February 2026.

Over £100m in savings have been set out by the FCA as the regulator proposes to streamline transaction reporting requirements. The FCA receives over 7 billion MiFID transaction reports a year used to support the cleanliness, transparency and resilience of UK markets.To reduce costs for firms, support growth and improve the quality of data received, the FCA has proposed:Removing foreign exchange derivatives from reporting requirements, reducing costs for over 400 firmsRemoving reporting requirements for 6 million financial instruments including equities, bonds and certain derivatives that are only traded on EU trading venuesReducing the period for correcting historic reporting errors from 5 to 3 years, lowering the number of transaction reports that need to be resubmitted by a thirdTherese Chambers, joint executive director of enforcement and market oversight, said:'Transaction reports are essential, helping us to detect financial crime and monitor the resilience of our markets. But we can be smarter, and by clarifying and streamlining requirements we expect to receive more accurate and complete reports.'Reducing costs while improving the quality of the data we receive is a no-brainer. It means we can support growth and receive better market intelligence to act on.'The FCA will work in lockstep with the Bank of England and the Treasury to remove any unnecessary duplication of transaction and post-trade reporting requirements as part of a new long-term approach.Notes to editorsRead CP25/32: Improving the UK transaction reporting regime (PDF)The current annual cost of MiFID transaction reporting to industry is £493m.The FCA estimates the changes we are proposing will reduce the cost to approximately £385m. Resulting in a net annual cost saving to industry of £108m.The transaction reporting rules were introduced in 2018 and onshored from the EU on 31 December 2020. The FCA is working to deliver a streamlined framework that will cut costs for business while ensuring effective regulatory oversight of the UK’s world-leading capital markets.As part of the new long-term approach to transaction reporting, the FCA will work with the Bank of England and Treasury to streamline requirements and reduce duplication across different data collections, including UK MiFIR, EMIR and SFTR.

Three individuals have been arrested in the West Midlands as part of an FCA investigation into suspected unauthorised debt activities. These activities are believed to have targeted vulnerable people facing repossession proceedings.With help from the National Crime Agency, the FCA searched two residential addresses, one office and a storage facility. The individuals have been interviewed under caution and released on conditional bail.Enquiries are ongoing, and the FCA will release further details in due course.Notes to editorsThe Financial Services and Markets Act 2000 gives the FCA powers to investigate unauthorised business. Carrying on regulated activity without authorisation is an offence under the Act.Making false claims to be authorised is an offence under Section 24 of the Financial Services and Markets Act 2000, punishable upon conviction by a fine and/or up to 6 months’ imprisonment.Consumers should be cautious of anyone offering debt help or repayment solutions without FCA authorisation.The FCA website for consumers provides guidance on how to spot and report unauthorised firms and scams.Almost all firms offering financial services in the UK must be authorised by us. Search our list of unauthorised firms and individuals to be especially wary of.The FCA cannot comment further at this stage but will provide further announcements when it is able to do so.

The FCA has launched a consultation on proposals to introduce a UK equity consolidated tape to help increase capital investment and liquidity in equity markets. In the UK, equity trading is spread across multiple trading venues, sparking competition, innovation and lowering the cost of trading. However, it can also make it challenging for market participants to assess overall market liquidity, causing it to be underestimated.An equity tape brings data from across UK markets together, providing investors with a more comprehensive and clear view of the market. This will help boost market participation and the global competitiveness of UK equity markets.The equity tape is part of the FCA's strategic priority to support growth and maintain the UK's position as a leading global financial centre.The new framework aims to:Improve market effectiveness by providing a clear, consistent view of trading volumes and prices across UK venues.Support UK listings by giving firms and investors a more complete picture of liquidity in UK equity markets.Increase participation in UK markets by ensuring easy and affordable access to market data, supporting liquidity.Strengthen international competitiveness by enabling informed comparisons of liquidity with major financial centres including the US and EU.Simon Walls, interim executive director of markets at the FCA, said:'UK markets offer diverse trading options which can be great for competition, choice, and lowering trading fees. But this landscape makes it harder to assess liquidity as a whole in our markets.'The equity consolidated tape seeks to tackle this challenge head on by delivering more straightforward access to equity market data from across venues, supporting better decisions and boosting market participation.'Following extensive market engagement, the consultation is seeking feedback on introducing a tape that includes both post-trade data and the attributed best bid and offer prices (the first level of pre-trade data) across UK trading venues.This proposed design aims to balance delivering benefits to the market with the need to ensure the consolidated tape's timely implementation and minimise excessive risk.The equity tape aims to be in operation in 2027. After 2 years of operation, the FCA will review the framework's effectiveness, including whether pre-trade data levels should be varied.Notes to editorsRead CP25/31. The consultation remains open until 30 January 2026.The proposals are linked to broader considerations on the structure and transparency of UK equity markets in CP25/20. Any proposed changes will be consulted on in 2026, ahead of the consolidated tape’s implementation.The FCA is inviting expressions of interest from potential providers of the consolidated tape.In December 2024, the FCA published Europe Economics’ independent study on inclusion of pre-trade data in an equities tape and an update to guide discussions with industry.The FCA has already established a framework for a bond tape. However, this has received a legal challenge on the award of the contract for the consolidated tape provider. The FCA has filed an application with the High Court, asking it to lift the suspension on the contract award. See the statement.

The FCA has approved JP Jenkins to operate a PISCES platform. The new type of private stock market will bring together buyers and sellers to trade shares in private companies on an intermittent basis. Bringing a second operator into the market will boost competition, attract a greater variety of businesses and drive opportunities for investors.The FCA continues to provide extensive pre-application and application support services for all potential PISCES operators to help them get off the ground as quickly as possible. This engagement is bearing fruit, resulting in 2 approvals in a matter of months and discussions are ongoing with others.Simon Walls, executive director of markets at the FCA, said:‘We are delighted to authorise our second PISCES operator, another step towards delivering our vision of a competitive and innovative marketplace.'We finalised the rulebook in the summer and have already approved 2 platforms. It goes to show how we are pulling together with industry to unlock new opportunities for investors and growth companies.'Mike McCudden, CEO of JP Jenkins, said:'Today’s news is the result of months of commitment and dedication by the entire team at JP Jenkins. We have worked at pace to get this project over the line and being granted the licence formally recognises not only our recent achievements but also our extensive knowledge of supporting unlisted companies, their investors and indeed the wider UK economy.'Lucy Rigby KC MP, Economic Secretary to the Treasury, said:'This Government is unlocking new opportunities for UK growth companies and investors by boosting our capital markets. I’m delighted to see PISCES move one step closer to trading today.'Notes to editorsFirms wishing to run a PISCES platform must apply to the FCA. Following approval, they can run intermittent trading events. The FCA published pre-application support and application support for interested firms.

We have filed an application with the High Court, asking it to lift the suspension on the bond consolidated tape contract award. If the High Court were to lift this suspension, it would allow the FCA to sign a contract with Etrading Software (ETS), so we can move forward with delivering the tape and defending the legal challenge in parallel.The tape will provide a single and reliable view of the UK bond market. It will enable investors to make informed decisions and help maintain the UK’s position as a highly competitive and compelling place to invest and grow.It is in the public interest to deliver the important benefits of the tape as soon as possible. It is our position that the legal challenge, which we consider to be without merit, should not get in the way of that.We will submit our formal defence to the legal challenge by the end of the week.We will continue to engage data contributors and users, alongside ETS.We want to provide clarity to industry that we are moving forward as quickly as possible, so market participants can prepare for the tape.Further informationWe undertook a fair, competitive 2-stage process to ensure the provider could deliver a high-quality tape and the best value for money, including:A quality stage to ensure the provider could meet regulatory requirements and service obligations, including on financial resources, resiliency, data availability and service speed.A price auction to determine which bidder, based on the quality commitments made in stage 1, could offer the best price to users of the tape.

On 14 November 2025, Tullycarnet Credit Union Limited (TCU) entered Liquidation and has now stopped trading. Barry O’Donnellof HM Accountants hasbeen appointed as Liquidator.TCU is a financial co-operative owned by its members. It is regulated by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) under Firm Reference Number (FRN) 576218 as a deposit-taker.TheFinancial Services Compensation Scheme (FSCS) is stepping in to protect members. It will return members’ money by 25 November 2025.What members need to knowIf you are a member and would like more information about receiving your money, contact the FSCS: Email: enquiries@fscs.org.ukPhone: 0800 678 1100or 020 7741 4100. (Lines are open Monday to Friday from 9am to 5pm.)Website: Visit theFSCS website for FAQs and further guidance.If you make or receive regular payments from your account or wish to discuss your account, you can contact the Liquidator:Email: barry@hm-accountants.comTelephone: 0289 044 5100Loan repaymentsMembers should not cancel any repayments, as the loan agreement remains in place and repayments still need to be made.Future loan repayments will be managed by the Liquidator, who will provide the Liquidation bank account details as soon as they can via post.If you made payments covering both loans and savings, the Liquidator will tell you the new amount to pay each month so that you do not fall into arrears.For more information, please contact the Liquidator.Stay alert to scamsIf you were a member of TCU, you may be contacted by the Liquidator, the FSCS or the credit union.These organisations follow appropriate security protocols.If you’re unsure whether a call is genuine, end the call immediately and contact the organisation directly using the details above.See more on how toprotect yourself from the most common types of scams.

Speech by Sarah Pritchard, FCA deputy chief executive,at The Investing and Saving Alliance’s (TISA) annual conference. I recently saw an article challenging readers to ‘say how old you are, without saying it’.The answers made me laugh: dial-up internet; landline phones; Star Wars was just Star Wars.At the risk of ageing myself, I remember those things.It got me thinking about how quickly the world changes, and how different my experiences have been to my parents’.I’m sure some of my decisions have puzzled them – just as my children’s decisions may puzzle me.But I can’t tell them what to do. Their worlds – and experiences, choices and needs – are different to mine.I can only guide them.That’s the approach we’re taking at the FCA, too.We are helping consumers navigate their financial lives in a constantly changing world where there’s no such thing as one size fits all.This guides our new 5-year strategy, which we are using to deepen trust, support growth, improve lives, and rebalance the inherent risks and trade-offs.

Speech by Dominic Holland, director of market oversight, at XLoD Global London 2025. IntroductionThe evolution of financial markets must continue to balance technological progress with the irreplaceable value of skilled professionals. As we gather in these rapidly shifting times, I invite you to picture our industry as a grand orchestra.Artificial intelligence and advanced analytics are the newest instruments added to our ensemble—powerful, transformative, and full of potential.However, just as a symphony requires the skilled touch of its musicians to bring music to life, financial markets also require the expertise of well-trained analysts.Technology may amplify our capabilities, but it cannot replace the judgement and insight at the heart of our craft.

Read the Statement of Policy (PDF)As an organisation, we want to learn lessons and continuously improve. We have a range of tools for doing this, such as ‘lessons learned’ reviews, internal audits and scrutiny by the National Audit Office, to identify and address any areas where we can improve our regulatory approach.For the most serious issues, the Financial Services Act 2012 (the Act) requires us to publish a statement of policy setting out the matters we will take into account to decide whether we carry out an investigation into possible regulatory failure, and give a report of the findings and recommendations to the Treasury for publication.We have therefore reviewed our policy for investigating and reporting on regulatory failure to ensure it is fit for purpose given the time elapsed. The only substantive change from the policy published in 2013 is that we have revised the monetary thresholds for ‘significance’ of consumer detriment in line with inflation. We will continue to do this periodically.We are required to carry out an investigation and produce a report when:There have been events involving a regulated person or others which indicate significant failure to ensure appropriate consumer protection, or had or could have had a significant adverse effect on our integrity or competition objectives, and The events might not have occurred or the adverse effect might have been reduced but for a serious failure in the system created by FSMA or the operation of that system. A formal statutory investigation and report for the Treasury is expected to occur only in exceptional cases.