| Link(s): | Enforcement Watch 1 | FCA |
Context
The FCA has published its first ‘Enforcement Watch’ newsletter covering insights and themes from its enforcement work. In June 2025 the FCA published its updated Enforcement Guide (ENFG), in which it amended its publicity policy to achieve greater transparency. In the first edition of Enforcement Watch, the FCA covers its updated publicity policy in action, enforcement case priorities, and international partnerships.
Key points to note and next actions
- The FCA explains the ‘exceptional circumstances test’ and gives the example of its publication of an investigation into a motor finance claims management company.
- In addressing its current enforcement case priorities, the FCA explains that the 23 enforcement operations it has opened since 3 June 2025 cover a wide range of suspected misconduct. 18 operations are investigating regulatory breaches, 4 consider criminal and regulatory offences, and in one it is only investigating criminal offences.
- They include investigations into individual responsibility, listed issuers, unauthorised business, fair value, inadequate oversight, adequacy of controls, and consumer investment and asset management.