| Link(s): | FCA Board minutes: 26 February 2026 |
Context
The FCA has published Board minutes from its 26 February 2026 meeting., which included discussions on the proposed approach to the Advice Guidance Boundary Review, the Mortgage Rule Review, and the Cost Benefit Analysis (CBA) Panel’s Annual Report. The Board also noted updates from the Chair of the Policy and Rules Committee and the Chair of the FCA and PSR Audit Co-Committee, including the Biannual complaints report and the FCA Pension Plan review.
Key points to note and next actions
The Board received the proposed 2026/27 Business plan and budget for review and approved the following for the 2026/27 financial year:
- A financial cost budget and parameters totalling £781.4 million
- A 1% increase to Ongoing Regulatory Activity (ORA) fees
- A flat headcount, with a gross Full-Time Employee (FTE) budget of 5,500
Papers for noting included the Approach to Annual Report and Accounts 2025-26, External Whistleblowing plan implementation update and Providing assurance on how FCA teams consider views from the independent statutory panels.
The meeting highlighted the importance of good governance and a healthy firm culture for achieving good outcomes for firms, clients, and the market.