Context
The FCA launched a review of the treatment of domestic Politically Exposed Persons (PEPs) by financial services firms in September 2023, and were due to publish the findings from this review in line with the end of June deadline set in the Financial Services and Markets Act 2023.
Key points to note and next actions
As we are now in the pre-election period, the FCA does not believe it to be appropriate to publish its review. A decision has therefore been made to delay publication of the review in July, once Parliament has returned.