Welcome to the UKGI weekly regulation update service for Aviva ABC brokers
We hope you find the Updates useful. If you are
interested in subscribing to our affordable
ABC compliance support package, please
email us at ABC@ukgigroup.com or
call UKGI on our dedicated ABC
contact line 01925 767893.
Archive
ABI Keeping pace: a new era of insurance for sportswomen
Link(s): Keeping Pace: a new era of insurance for sportswomen Context Women’s sport is growing through record audiences, increased investment and wider participation Key points to note and next actions Upcoming international events, such as the Women’s T20...
ABI average property insurance payout hits record £10,000 for claims across July – September 2026
Link(s): Average property insurance claim hits record £10,000, wi... Context According to the latest Property Insurance Tracker from the ABI, the average home and business insurance payout reached a record £10,000 for claims across July, August and...
Lloyd’s simplifies its structure to increase competitiveness
Link(s): Lloyd’s simplifies structure as part of strategy to increase competitiveness Context Lloyd’s has announced changes to its operating model designed to reduce complexity and the cost of doing business in its market, while preserving its world-leading...
ASA updated strategy responds to a changing advertising landscape
Link(s): Updated ASA strategy responds to a changing advertising landscape - ASA | CAP Context At the mid-point of ASA’s five-year strategy on AI-assisted, collective ad regulation, the assumptions and priorities that shaped it have been reviewed and the...
NCSC Artificial intelligence and cyber intrusion
Link(s): Artificial intelligence and cyber intrusion | National Cyber Security Centre Cyber chief: UK facing AI-powered attacks on critical infrastructure within two years | National Cyber Security Centre;Richard Horne's speech at the NCSC...
CMA revokes the PPI Market Investigation Order 2011
Link(s): Strategic review of CMA markets remedies - GOV.UKPPI Market Investigation Order 2011 (as varied in 2018) - GOV.UKRevocation order Context The CMA, as part of its recent review of existing Orders and Market Remedies, has revoked entirely...
EIOPA risk dashboard highlights market and cyber risks as key concerns for Europe’s insurers
Link(s): EIOPA risk dashboard highlights market and cyber risks as key concerns for Europe’s insurers - European Insurance and Occupational Pensions Authority Context EIOPA has published its October 2026 Insurance Risk Dashboard. The main findings show that...
FCA publishes two Final Notices – not fit and proper
Link(s): Final Notice 2026: Adelphi Special Risks LimitedFinal Notice 2026: Cyber Quote Limited Context The FCA has published two linked Final Notices in relation to Adelphi Special Risks Limited and Cyber Quote Limited, cancelling both firms’ Permissions. ...
FCA publishes a Decision Notice – no regulated activity and failure to pay fees
Link(s): Notice of Decision 2026: Archer Insurance Services Limited Context The FCA has published a Notice of Decision in relation to Archer Insurance Services Limited cancelling the firm’s Permissions. Key points to note and next actions Information...
FCA publishes Board minutes for 24 September 2026
Link(s): FCA Board Minutes: 24 September 2026 Context The FCA has published the minutes of its Board meeting on the 24 September 2026. Key points to note and next actions AI is a major strategic priority. The FCA is progressing its response to the Mills...
FCA blog: “Looking back to move forward: why reviewing our rules matters”
Link(s): Looking back to move forward: why reviewing our rules matters | FCA Context The FCA has published a blog by Sarah Pritchard, FCA Deputy Chief Executive, exploring the importance of reviewing whether existing rules and requirements are working, and...
FCA to explore quantum computing to tackle financial crime
Link(s): FCA to explore quantum computing to tackle financial crime | FCA Quantum Experimentation Group | FCA Context The FCA has announced a new initiative will bring together firms, quantum technology providers, and national research labs to explore...
FCA blog: “Act now to be resilient in the quantum future”
Link(s): Act now to be resilient in the quantum future | FCA Context The FCA has published a blog commenting on how they are talking to firms to prepare for “post-quantum cryptography”. Key points to note and next actions Mark Francis, Director of...
FCA sets expectations for firms making car finance settlement offers
Link(s): FCA sets expectations for firms making car finance settlement offers | FCA Context The FCA has issued a press release commenting on their expectations for firms making car finance settlement offers. Key points to note and next actions The FCA has...
FCA publishes terms of reference for independent review concerning whistleblower Mr Andriesz
Link(s): FCA publishes terms of reference for independent review concerning Mr Andriesz | FCA Context The FCA has published a statement setting out the terms of reference for the review of their handling of interactions with Mr Simon Andriesz, a...
FCA article: “What does ‘fair value’ look like in practice?”
Date Issued:29/10/2026Applicable to:All firmsLink(s): What does 'fair value' look like in practice? Three years into the Consumer Duty, here’s what we’ve learned. | FCA Context The FCA has published an article by Alison Walters, FCA Director of Consumer...
FCA publishes ‘Fair value in consumer finance’ findings
Date Issued:29/10/2026Applicable to:All firmsLink(s): Fair value in consumer finance | FCA Context The FCA has published findings from its consumer finance supervisory work, highlighting good practice and areas for improvement in how firms assess, evidence...
FCA publishes CP26/37: Senior Managers and Certification Regime (SM&CR) Review: Phase 2
Date Issued:22/10/2026Applicable to:All firmsLink(s): Regulators unveil plans to simplify Senior Manager and Certification Regime | Bank of England – the UK's central bankCP26/37: Senior Managers and Certification Regime (SM&CR) Review: Phase 2 |...
FCA publishes CP26/38: Financial Crime Guide updates
Date Issued:23/10/2026Applicable to:All firmsLink(s): CP26/38: Financial Crime Guide updates | FCACP36/38: Financial Crime Guide updates Context The FCA is consulting on proposed changes to its Financial Crime Guide. Fighting financial crime is a priority...
FCA and Bank of England conduct fourth survey of AI and machine learning in UK Financial services
Date Issued:26/10/2026Applicable to:All firmsLink(s): Artificial intelligence in UK financial services - 2026 | Bank of England – the UK's central bankAI survey places emphasis on supplier oversight Context The FCA and Bank of England conducted a fourth...
FCA Cost Benefit Analysis Panel publishes its SM&CR Phase 2 Consultation advice to the FCA
Date Issued:23/10/2026Applicable to:All firmsLink(s): cbapaneladvicesmcr20626.pdf Context The FCA CBAP, one of the independent Panels that provide advice and guidance to the FCA, has published its 11th September advice to the FCA in relation to the cost...
Association of British Insurers guest blog: ‘Using AI to build and evidence suitable and sustainable business models’
Date Issued:28/10/2026Applicable to:All firmsLink(s): Guest blog: Using AI to build and evidence suitable and s... Context The ABI has published a guest blog on using AI to build and evidence suitable and sustainable business models (from Tristan...
Financial Services Regulation Committee publishes its report on home and travel insurance regulation
Date Issued:23/10/2026Applicable to:Insurance firmsLink(s): Financial Services Regulation Committee publishes report on home and travel insurance regulation - Committees - UK ParliamentHome and travel insurance regulation: more for the FCA to do Context The...
ASA article: “Don’t let your accident management ads turn into a car crash”
Link(s): Don’t let your accident management ads turn into a car crash - ASA | CAP Context The ASA has published an Insights article about advertising accident management services. Accident management companies (AMCs) provide services such as vehicle...
ICO reprimands two organisations after a cyber-attack exposed children’s information via a ‘very weak’ password
Link(s): “'Password1’ is not an appropriate password”: Two Welsh organisations reprimanded after cyber-attack exposed children’s information | ICO Local Government Data Unit – Wales Issued reprimands to Ogi Networks Limited Context The ICO has issued...
FSCS confirms Anthony Jones (U.K.) Ltd as ‘Under investigation’
Link(s): Anthony Jones (U.K.) Ltd | FSCS Anthony Jones (U.K.) Limited FAQs | Quantuma Context FSCS has confirmed that Anthony Jones (U.K.) Ltd is formally ‘under investigation’. On 11 August 2026, Duncan Beat and Nicholas Simmonds of Quantuma Advisory Ltd...
FSCS confirms investigation into Verus Financial Services Ltd
Link(s): Verus Financial Services Ltd | FSCS Verus Financial Services Limited Context FSCS has confirmed that Verus Financial Services Ltd (Verus) is ‘under investigation’. Verus has been authorised by the FCA since March 2017, and was an independent...
FCA bans a firm’s former Chief Executive after misconduct led to £4m losses
Link(s): Former chief executive banned after misconduct led to £4m losses in high-risk investments | FCA Final Notice 2026: Jeffrey St. Patrick Dawkins Final Notice 2026: Kadir Yusuf Kanizi Context The FCA has banned Jeffrey Dawkins, the former Chief...
FCA speech: “Reshaping regulation, deliberately”
Link(s): Reshaping regulation, deliberately | FCA Context The FCA has published a speech given by Sarah Pritchard, FCA Deputy Chief Executive, at the Investment Association Annual Dinner 2026. Pritchard speaks about reform being about more than writing...
FCA publishes the H1 2026 complaints data
Link(s): Complaints data: 2026 H1 | FCA Opened complaints | FCA Closed complaints | FCA Complaints upheld | FCA Redress paid | FCA Aggregate-level complaints data sortable tables: 2026 H1 | FCA Aggregate-complaints-data-2026-h1.xlsx Firm-level complaints...
FCA updates its Reporting Complaints web page and publishes a data-capture flow diagram for the new complaints reporting
Link(s): Reporting complaints | FCA Complaints reporting: data capture flow diagram Context The FCA has updated its Reporting complaints web page, and has published a data-capture flow diagram for the new complaints reporting return, COM001. Key points to...
FCA speech: “Building the future of finance in the age of AI”
Link(s): Building the future of finance in the age of AI | FCA Mills Review Context The FCA has published a speech given by Jessica Rusu, FCA Chief Data, Information and Intelligence Officer at Bloomberg's UK Policy Series event. The speech comments on the...
FCA publishes good practice and areas for improvement report: AI in financial services
Link(s): AI in financial services: good practice and areas for improvement | FCA AI Update Context To support the safe and responsible adoption of artificial intelligence (AI) in financial services, the FCA has shared good practice and areas for improvement...
Paul Arnold MBE’s opening speech at DPPC 2026
Link(s): Paul Arnold MBE's opening speech at DPPC 2026 Data Protection Practitioners' Conference 2026 Context Paul Arnold MBE, Chief Executive Officer at the ICO, spoke at the opening of the DPCC 2026. Key points to note and next actions Paul outlined that...
Complaints about automated nuisance calls hit a five-year high
Link(s): Complaints about automated nuisance calls hit a five-year high Context The ICO has issued a news item outlining that the number of complaints they have received about automated nuisance calls has almost tripled in three months, reaching its highest...
Two plead guilty after clients lose £2m in fraud case
Link(s): Two plead guilty after clients lose £2m in fraud case Context The FCA has issued a press release outlining that two people who worked at a financial advice firm have pleaded guilty to fraud, after four clients lost £2m. Key points to note and next...
The legal challenge to the FCA’s motor finance redress scheme to be heard in February 2027
Link(s): Motor finance legal challenge to be heard in February 2027 | FCA Motor finance scheme: legal challenge documents | FCA Context The FCA has announced that the Upper Tribunal will hear the legal challenges to the FCA’s motor finance compensation...
FCA publishes the transcript of its Annual Public Meeting 2026
Link(s): Annual Public Meeting 2026 transcript Context The FCA has published the transcript of its Annual Public Meeting, which was held in Edinburgh on 6 October 2026. Various topics were discussed, including by certain attendees using the Meeting as an...
FCA announces new Chair of the Financial Ombudsman Service
Link(s): Liam Coleman appointed as chair of the Financial Ombudsman Service | FCAFCA appoints chair of the Financial Ombudsman Service – Financial Ombudsman service Context The FCA Board has appointed Liam Coleman as chair of the Financial Ombudsman Service...
Insurers detect £1,34bn in fraudulent claims as fraudsters target bigger payouts
Link(s): Fraudsters target bigger payouts as insurers detect £1.34 billion of bogus claims Context An ABI press release has stated that fraudsters are targeting bigger payouts. The latest data from the ABI reveals that insurers detect £1.34bn worth of...
ABI announces four-nation efforts as rising risks threaten economic resilience
Link(s): Four nations unite as rising risks threaten economic resi... Context The ABI has announced that insurance bodies representing Australia, the United Kingdom, Canada and New Zealand gathered in London to announce the formation of the Four Nations...
FCA blog: “Looking at how we interact with whistleblowers”
Link(s): Looking at how we interact with whistleblowers | FCA Context The FCA has published a blog by Stephen Braviner Roman, FCA General Counsel and Chief Risk Officer, looking at how it interacts with whistleblowers. The FCA states that it is vital...
FCA updates its Consumer Duty requirements review web page
Link(s): Consumer Duty requirements review: update | FCA Context The FCA has updated the details of its future priorities on its Consumer Duty requirements review web page. Key points to note and next actions The ‘future priorities’ section of the web page...
FCA publishes the 2026 Practitioner Panel Survey results
Link(s): Firms’ confidence, satisfaction and trust in the FCA rise | FCAFCA and Practitioner Panel 2026 survey – key findingsFCA and Practitioner Panel 2026 survey – complete survey resultsFCA and Practitioner Panel 2026 survey – Methodological Note Context...
FCA publishes its Authorisations Division operating service metrics for Q1 2026/27
Link(s): FCA Authorisations operating service metrics 2026/27 Q1 | FCA Authorisations operating service metrics Q1 2026/27 Context The FCA has published its latest quarterly Authorisations Division operating service metrics data, to provide transparency of...
FCA adds TechSprint applicant questions to its MS241/1.5 Pure Protection Market Study web page
Link(s): MS24/1.5: Pure Protection Market Study | FCA Context The FCA has updated its Pure Protection Market Study MS24/1.5 web page to include a list of questions aimed at firms who wish to apply (or who have applied) to join the proposed FCA ‘closing the...
FCA publishes a pure protection contracts product sales data (PSD) dashboard
Link(s): Pure protection contracts product sales data dashboard | FCAInterpreting the data | FCAproduct-sales-data-pure-protection-contracts-2025.xlsxPure Protection Contracts Product Sales Data (PSD) Glossary August 2013 Context The FCA has published a...
NCSC highlights exploitation of vulnerabilities affecting Citrix NetScaler ADC and Citrix NetScaler Gateway
Link(s): Exploitation of vulnerabilities affecting Citrix NetScaler ADC and Citrix NetScaler Gateway | National Cyber Security Centre Context The NCSC is urging UK organisations to promptly mitigate vulnerabilities affecting Citrix NetScaler ADC and...
IUA welcomes changes to the proposed scope of the Consumer Duty rules
Link(s): IUA gives qualified welcome to Consumer Duty rule changes - IUACP26/23: Consumer Duty – scope and proportionality Context For several years the insurance industry has argued that the FCA’s rules should not apply to non-UK business and a proposal...
OFSI publishes a new licence in relation to the continued operation of the Shah Deniz project
Link(s): OFSI General licence INT/2025/7363752 - GOV.UKGeneral trade licence: services necessary for the continued operation of the Shah Deniz project - GOV.UKGeneral Trade Licence: Services Necessary for the Continued...
Treasury Select Committee comments on contents insurance in Financial Inclusion Strategy response
Link(s): 2nd Special Report - Financial Inclusion StrategyFinancial Inclusion Strategy: Government response Context The Treasury Committee has warned that financial exclusion in the home contents insurance market may cause certain consumer harm and has...
Edwin Coe publishes article on D&O Insurance
Link(s): D&O Insurance - why it can make the difference Context Edwin Coe has published an article for insolvency practitioners, on the position where a firm becomes insolvent, and not to overlook whether D&O cover is in place. The article suggests...
Companies House updates six web pages
Link(s): Using software to file your company's information - GOV.UKChange the details of a UK establishment of an overseas company (OS CH01) - GOV.UKCompany authentication codes for online filing - GOV.UKOverseas companies in the UK: registration and filing...
PRA publishes minutes from its Captive Insurance Industry roundtable
Link(s): The PRA held a captive insurance industry roundtable | Bank of England – the UK's central bankMinutes: CP11/26 Captives Industry RoundtableCP11/26 – A tailored regime for captive insurance | Bank of England – the UK's central bank Context The...
FCA publishes a blog discussingFrontier AI and the question of governance
Link(s): Frontier AI and the question of governance | Bank of England – the UK's central bank Context Andrew Bailey, Governor of the Bank of England, has argued that the key challenge posed by frontier AI is ensuring society retains the ability to oversee,...
FCA publishes an Operational Resilience Information Request
Link(s): Operational resilience | FCAoperational-resilience-questionnaire.docx Context The FCA has published the questionnaire it uses to help firms assess their operational resilience. Key points to note and next actions The FCA’s work to ensure firms are...
FCA publishes Handbook Notice 144
Link(s): Handbook Notice 144CP26/17: Quarterly consultation paper No. 52 Context The FCA has published its latest Handbook Notice covering certain changes to the Supervision sourcebook in relation to the Baseline Financial Resilience return (FIN073). Key...
FCA secures bankruptcy order against Arthur Temlett
Link(s): FCA secures bankruptcy order against Arthur Temlett | FCAFinancial Conduct Authority places restrictions on Arthur Temlett | FCA Context The FCA has asked the Court to make Arthur Temlett, trading as Abacus Insurance Consultants ('Abacus'),...
FCA publishes spreadsheet data and question tables for the new complaints return
Link(s): FCA RegData: ResourcesCOM001 - Complaints Reporting - Data Definition.xlsx Context The FCA has updated the Data Reference Guides section of RegData to include (on the third page) a link to an Excel spreadsheet of the questions and data requirements...
MGAA Charles Taylor Assistance Manages Significant Rise in Travel Insurance Claims
Link(s): Charles Taylor Assistance Manages Significant Rise in Travel Insurance Claims, with Spain Remaining Top Claims Destination - MGAA Context An MGAA press release notes that Charles Taylor Assistance managed a record volume of travel insurance claims...
New CII research community launched to gather practitioner insight
Link(s): New CII research community launched to gather practitioner insight Voices | Chartered Insurance Institute (CII) Context The Chartered Insurance Institute (CII) has announced the launch of Voices, a new online research community designed to provide...
ABI guest blog – DAC Beachcroft: “Automated Vehicle Data and the insurance sector”
Link(s): Guest blog: Automated Vehicle Data and the insurance sector Context The ABI has published a ‘guest blog’ from law firm DAC Beachcroft about issues for the insurance industry arising out of automated vehicle (AV) data. The blog explores the...
FRC publishes final revisions to UK standards on using the work of an auditor’s expert
Link(s): FRC publishes final revisions to UK standards on using the work of an auditor’s expertISA (UK) 620 (Revised September 2026) ISAE (UK) 3000 (Revised September 2026) Context The FRC has published final revisions to UK...
ASA advises about fair representations for every generation
Link(s): No more grey areas: fair representations for every generation - ASA | CAP Context With International Day of Older People on happening on 1st October, the ASA has taken the opportunity to celebrate older people, but asks “is UK advertising doing the...
Companies House warns Directors to verify identity
Link(s): Directors warned to verify identities with Companies House following first Insolvency Service prosecutions - GOV.UK Context Companies House has warned Directors to verify their identities following the first Insolvency Service prosecutions. The...
FCA updates its Consumer Duty focus areas web page
Link(s): Our Consumer Duty focus areas | FCA Context The FCA has updated its Consumer Duty focus areas web page to include links to pieces of work that it has published, and further details on existing updated priorities. Key points to note and next actions...
FCA speech: “Financial crime: protecting the hive”
Link(s): Financial crime: protecting the hive | FCA Context The FCA has published a speech given by Steve Smart, FCA Executive Director of Enforcement and Market Oversight, at the Law Society Economic Crime Conference 2026. The speech draws upon the...
FCA and partners join forces to help improve protection insurance for consumers
Link(s): FCA and partners join forces to help improve financial security for millions | FCA Context The FCA has announced that is partnering across sectors to expand protection insurance coverage for millions of unprotected people in the wake of its...
FCA publishes Pure Protection Market Study final report: MS24/1.5
Link(s): MS24/1.5: Pure Protection Market Study | FCAPure protection market study final report: Annex 1 MS24/1.5: Market study into the distribution of pure protection products to retail customersPure protection Market Study: Fair value assessments –...
IoD co-publishes Crisis Communication Handbook for Boards
Link(s): Chartered Institute of Public Relations and Institute of Directors publish Crisis Communication Handbook for Boards | IoDCrisis Communication for Boards Context The Chartered Institute of Public Relations and Institute of Directors have jointly...
IUA publishes annual premium income for the London company market
Link(s): IUA publishes annual premium income for the London company market - IUA London Company Market Statistics Report - IUA Company_Market_Statistics_Report_2026.pdf Context A new survey by the IUA has revealed that London insurance market companies...
MGAA article: When AI Starts Acting – The Compliance Challenge for MGAs
Link(s): Pro Global: When AI Starts Acting - The Compliance Challenge for MGAs - MGAA Context In an article by Pro Global for the MGAA, Mike Dalzell, Group Head of Governance, Risk and Compliance at Pro Global, states his belief that the insurance...
ABI reports strong industry progress against £100 billion UK growth pledge
Link(s): Industry making strong progress on £100 billion UK growth...update-on-a-100-billion-investment-pledge-final-sep-2026-cmu2e21pf00h3g9mp9ju9hftc.pdf Context The ABI has announced that the insurance and long-term savings sector is over a fifth of the...
Home office and HM Treasury announce significant recruitment in anti-money laundering
Link(s): Hundreds of new officers to hunt down dirty money networks - GOV.UK Context The Home Office and HM Treasury have jointly announced a new £500m crackdown against money laundering, with five hundred new officers to be recruited to track dirty money,...
ICO to become the Information Commission on 30 September 2026
Link(s): ICO to become Information Commission on 30 September 2026 | ICO Context The ICO has announced that the Government has confirmed that the ICO will become the Information Commission on 30 September 2026. This transition is a result of the Data (Use...
FCA sets out steps to support small businesses’ access to finance
Link(s): FCA sets out steps to support small businesses’ access to finance Context The FCA has published a press release stating that small and medium sized enterprises (SMEs) could access finance more easily after the FCA sets out practical steps to help....
FCA bans former law firm owner from financial services
Link(s): Financial regulator bans former law firm owner from financial services | FCAFinal Notice 2026: Nurul Miah Context The FCA has announced that it has banned Nurul Miah, also known as Neil Mia and Neil Miah, from working in financial services. The...
FCA removes insurance distribution firm’s Permissions
Link(s): Final Notice 2026: Professional Liability Network Context The FCA has published a Final Notice cancelling Professional Liability Network’s Permission to carry out regulated activities. The FCA stated that the firm has not been replying to...
FCA publishes outcome of the Crispin Odey Upper Tribunal hearing
Link(s): Upper Tribunal upholds Crispin Odey ban | FCAROBIN CRISPIN ODEY v THE FINANCIAL CONDUCT AUTHORITY [2026] UKUT 00351 (TCC) - GOV.UK Robin_Crispin_Odey_v_FCA_final_Decision_for_release.pdfNotice of Decision 2025: Robin Crispin William Odey Context...
FCA publishes Consultation Paper CP26/33: Consultation on minor General Insurance value measures changes and post-implementation review of the value measures rules
Link(s): CP26/33: Consultation on minor General Insurance value measures changes and post-implementation review of the value measures rules | FCACP26/33: Consultation on minor General Insurance value measures changes and Post-implementation review of the...
IUA publishes annual Treaty Reinsurance premiums for the London Company Market
Link(s): IUA publishes annual treaty reinsurance premiums for the London company market - IUA Context The IUA has published annual Treaty Insurance premiums for the London Company Market, stating that survey data reflects the pursuit of disciplined...
National Cyber Security Centre comments on the hidden risks of shadow AI
Link(s): National Cyber Security Centre comments on the hidden risks of shadow AI Context The NCSC has published a blog post considering why staff use unapproved AI tools and how this is key to managing the security challenges this can create. Key points to...
Foreign, Commonwealth and Development Office (FCDO) announces Iran sanctions
Link(s): Written Ministerial Statement: Iran Sanctions, 8 September 2026 - GOV.UKThe Iran (Sanctions) (Amendment) Regulations 2026 Context On 8 September the FCDO announced that the Iran (Sanctions) (Amendment) Regulations 2026 (The Iran (Sanctions)...
Economic Secretary to the Treasury speech at UK Finance
Link(s): Economic Secretary to the Treasury speech at UK Finance Context The Rt Hon Lucy Rigby LC MP gave a speech at UK Finance on 8 September 2026. Key points to note and next actions Digitalisation is becoming more prevalent – the UK’s...
FSRC publishes transcript of oral evidence session with the Financial Ombudsman Service
Link(s): Oral evidence - 02 Sep 2026 Context The FSRC has published the transcript of the oral evidence session attended by James Dipple-Johnstone, FOS Chief Ombudsman, and Rachel Lam, FOS Interim Ombudsman Managing Director. The FOS representatives spent...
FSRC publishes transcript of oral evidence session with the FCA
Link(s): Oral evidence - 02 Sep 2026 Context The FSRC has published the transcript of the oral evidence session attended by David Geale, FCA Executive Director of Consumers, Payments and Competition, and Chris Knight, FCA Director of Insurance. Geale...
FCA publishes ‘Defence, Security, and Resilience Lab: lessons for firms’ web page
Link(s): Defence, Security, and Resilience Lab: lessons for firms | FCA Context In what seems to be an intention to assist firms in considering their resilience to a ‘hostile attack’, the FCA has published ‘lessons for firms’ from its Defence, Security and...
FCA publishes Quarterly Consultation Paper no. 53 – CP26/32
Link(s): CP26/32: Quarterly consultation paper No. 53 | FCACP26/32: Quarterly consultation paper No. 53 Context The FCA has published Quarterly Consultation Paper no. 53, CP26/32. Once a quarter, the FCA consults on proposed miscellaneous amendments to its...
NCSC highlights cyber risk from internet-exposed systems and edge devices
Link(s): Disruptive cyber activity highlights risk from internet-exposed systems and edge devices Context The NCSC has seen increased targeting of operational technology systems (OT) across multiple sectors globally, including the UK. This has been carried...
FOS urges couples to check their wedding insurance
Link(s): Financial Ombudsman Service urges couples to say "I do" to checking their wedding insurance – Financial Ombudsman service Context With venues being booked, suppliers being secured and deposits being paid months, or even years, before the big day,...
OFSI imposes £4.7 million penalty on Citibank’s London Branch
Link(s): CBNA_London_Public_Penalty_Notice.pdfFinancial sanctions enforcement: decisions and monetary penalties imposed - GOV.UK Context OFSI has imposed a £4,732,830.58 monetary penalty on Citibank, N.A., London Branch (CBNA London) for breaches of the...
FSCP responds to FCA Consultation CP26/23 Consumer Duty – scope and proportionality
Link(s): financialservicesconsumerpanelresponsetocp26-23consumerdutyscopeandproportionality.pdf Context The FSCP has published its response to the FCA in about the FCA Consultation Paper CP26/23 Consumer Duty – scope and proportionality. The Panel has...
FSCP responds to FCA Consultation CP26/22: Simplifying the Insurance Rules
Link(s): financialservicesconsumerpanelresponsetocp26-22simplifyingtheinsurancerules.pdf Context The FSCP has published its response to the FCA in about the FCA Consultation Paper CP26/22: Simplifying the insurance rules. Broadly, the Panel supports the...
FCA publishes insights for firms on Frontier AI and cyber resilience
Link(s): Frontier AI and cyber resilience | FCA Context The FCA has published its insights for firms on how frontier AI may affect cyber resilience, governance and vulnerability management. We’re making these insights widely available so that firms...
FCA updates its Non-financial misconduct in financial services web page
Link(s): Non-financial misconduct in financial services | FCA Context The FCA has updated its Non-financial misconduct in financial services web page to remind firms that the new rules and guidance have come into effect. Key points to note and next actions...
FCA updates its Scale-up Unit: supporting fast-growing, innovative firms web page
Link(s): Scale-up Unit: supporting fast-growing, innovative firms | FCA Context The FCA has updated its Scale-up Unit: supporting fast-growing, innovative firms web page to confirm that the Unit is open to expressions of interest for a second cohort. Key...
FCA updates its motor finance scheme legal challenge documents web page and publishes four responses
Link(s): Motor finance scheme: legal challenge documents | FCAVW reply to the FCA responseMercedes-Benz reply to the FCA responseCAAF reply to the FCA responseConsumer Voice reply to the FCA response Context The FCA has updated its Motor legal finance...
CMA completes its review of the Private Motor Insurance Market Investigation Order 2015
Link(s): Provisional decision: strategic review of CMA markets remedies - GOV.UKProvisional decisionConsultation documentStrategic review of CMA markets remedies - GOV.UK Context The CMA has published a Provisional Decisions document following its...
NCSC: Managing the cyber risk of agentic AI
Link(s): Managing the cyber risk of agentic AI | National Cyber Security Centre Context The blog explains that agentic AI can bring major productivity benefits, such as automating complex workflows and freeing people for higher-value work, however...
Home Office updates significant online resources in relation to ‘Martyn’s Law’
Link(s): Counter-terrorism - GOV.UK The Terrorism (Protection of Premises) Act 2025 - GOV.UKTerrorism (Protection of Premises) Act 2025: Statutory guidance (accessible) - GOV.UK Terrorism (Protection of Premises) Act 2025: factsheets - GOV.UK Terrorism...