| 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 Review recommendations, aiming to encourage the safe and responsible use of AI across financial services. The FCA plans to expand its AI capabilities, with investment expected through to March 2028. Progress will be regularly reviewed with spending and priorities adjusted according to benefits, risks and technological developments. Security, accountability and resilience are key considerations.
- The Board approved Liam Coleman as its preferred candidate for the permanent Chair of the Financial Ombudsman Service, for an initial three year term from 10 October 2026, subject to Treasury approval.
- The Board also approved updates to the UK Listing Rules to align reporting requirements with the UK’s Sustainability Reporting Standards (UK SRS), replacing reference to the previous climate disclosure framework. A proportionate approach for smaller companies will be maintained.
- The Board discussed other wider operational and regulatory priorities and reported that overall operational and financial performance remained broadly on track, though there are some capacity and skills pressures which remain.