Context
The FCA has published its Skilled Persons Reviews data relating to Q4 2025/26 (January to March 2026). There were only four Reviews commissioned in the quarter, which is much less than the 13 in the previous quarter.
Key points to note and next actions
- One of the four Reviews related to the insurance sector.
- All four review practitioners were commissioned by the firms themselves rather than the FCA directly, but with the agreement of the FCA as required by its rules.
- Of the four reviews, one related to governance, accountability, strategy and culture, one related to financial crime, and two related to controls and risk management frameworks.
- All four of the reviews were for ‘Portfolio Supervision’ firms (firms with no dedicated Supervisor).