Context
The FCA has opened applications for the second cohort of its AI Live Testing service. AI Live Testing is the first of its kind in the financial sector to help firms who are ready to use AI in UK financial markets.
Key points to note and next actions
Firms participating in the FCA’s AI Live Testing service will receive support from the FCA’s regulatory team and its technical partner Advai to develop, assess and deploy safe and responsible AI for consumers and markets. The service helps firms to consider key questions around evaluating AI including governance, risk management and monitoring. It will also help the FCA to better understand how AI could shape UK financial markets and inform future approach to the technology.
- For firms that wish to apply, an application form should be completed by 2 March 2026. The FCA will notify successful firms by mid-March and the testing will start from April 2026.
- If you have any questions about AI Live Testing, the FCA can be contacted at: AILiveTesting@fca.org.uk.