Welcome to the UKGI weekly regulation update service for Aviva ABC brokers

Link(s):

RegData | FCA

Context

All insurance intermediaries have today, 7 May 2026, received an unexpected RegData submission request from the FCA. This is not malicious; it is a genuine request. However, the FCA did not announce to the market that this request was coming, and the e-mail firms received this morning is somewhat lacking in detail, so it has caused a degree of concern from some quarters – but the request is actually a very simple one, requiring a single tick-box answer.

Background

In February, the FCA published a ‘Regulatory Priorities Report’ (RPR) for the insurance sector in which it sets-out its main priorities for 2026-27 which are:

• Improving consumer understanding, claims handling and service quality;
• Increasing access to insurance;
• Supporting growth and innovation; and
• Simplifying regulation.

The RPR tells firms what actions the FCA is planning to take for each of these priorities, and what it expects/encourages firms to do in response. The RPR is the regulator’s new method of disseminating its areas of focus to firms in each financial sector, instead of issuing ‘Portfolio Letters’ which was its previous methodology. The RPR will be published annually in future.

Key points to note and next actions

To ensure firms are taking their regulatory responsibilities seriously, the FCA is asking you to tick a box on RegData to acknowledge the notification and to confirm that the RPR has been distributed to the ‘appropriate stakeholders and senior leadership’ in each firm. Below is a screenshot of the RegData request:

As with all new RegData returns, only the firm’s Principal User can access this return. In fact, only the Principal User will have received the email notification that this return is due. If you’re not the Principal User for your firm, there are two options that can be taken to grant you access to this return:

1. The Principal User can log-in to RegData (via the ‘My FCA’ portal) and ‘assign access’ to any other user/users.
2. An Admin User can log-in to RegData (via the ‘My FCA’ portal) and grant access to any other user/users. (However, that Admin User cannot assign access to themself! Another Admin User would need to do that.)

Once submitted, you will be presented with a green confirmation box on the screen. Please ensure this appears before you log-off the system:

The return must be submitted by 4 June at the latest to avoid a financial penalty from the FCA. Therefore, if you have any issues accessing the new return, please speak to your usual UKGI contact for assistance.

We are aware that firms are receiving an e-mail, having completed the attestation, confirming that it has been submitted but, for some reason, showing an incorrect time stamp.