On 14 October 2026 the Prudential Regulation Authority and the Financial Conduct Authority published their final policy on high LTI lending: PRA policy statement PS19/26 (FCA PS26/20), a new PRA supervisory statement, SS2/26, and replacement FCA general guidance, FG26/11. From 28 October 2026 the Housing Part of the PRA Rulebook stops capping each lender’s high…
FCA CP26/35, Fair redemption terms for authorised funds investing in illiquid assets, opened on 8 October 2026 and takes comments until 11 December 2026. It would require non-UCITS retail schemes (NURS) with at least 50% of scheme property in inherently illiquid assets to redeem no more than once a month and to apply a redemption…
Applications for FCA crypto authorisation opened at 9:00am on 30 September 2026, when the relevant application period set by the FCA’s direction under regulation 52 of the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 began. That period closes at 11:59pm on 28 February 2027. Firms apply through the FCA’s Connect system, and the…
On 25 September 2026 ITI Capital Ltd, an FCA-authorised broker that helped customers invest in shares and bonds and looked after those investments, entered special administration. Two insolvency practitioners from Teneo Financial Advisory Ltd were appointed as special administrators, and the FCA published a customer notice the same day. The firm had agreed on 10…
The FCA money mule review published on 23 September 2026, “Money mules: mule activity and cashing out findings”, reports that the 35 retail banks, building societies, challenger banks, payment institutions (PIs) and e-money institutions (EMIs) it surveyed offboarded 238,396 suspected money mules in 2025, up from 184,935 in 2023 and 233,269 in 2024. Its sharper…
On 16 September 2026 the Financial Conduct Authority published PS26/18, its perimeter guidance for the new UK crypto regime. The authorisation gateway opens on 30 September 2026. The regime itself comes into force on 25 October 2027. The guidance answers the question firms have been asking since the enabling law appeared: which of my activities…
On 18 September 2026 the Bank of England and the Financial Conduct Authority published the minutes and supporting slides from the first meetings of their Transaction and Post-trade Reporting Harmonisation Taskforce, held on 3 July 2026. The papers are the clearest public signal yet of where UK transaction reporting harmonisation is heading across UK MiFIR,…
11 October 2027 is the government-supported first trading date for the UK T+1 transition. HM Treasury has committed to legislate for that date, but its latest published statutory instrument is still draft and subject to affirmative parliamentary approval. Under the draft, UK CSDR Article 5(2) would require in-scope transactions in transferable securities executed on a…
On 7 August 2026 the FCA published a statement confirming that it is applying increased scrutiny to Annex 1 firms, including unregulated lenders, safe custody providers, money brokers and financial leasing companies registered with it for anti-money laundering purposes. Alongside the statement, the regulator said it had sent an information request to around 900 Annex…
On 6 August 2026, the Financial Conduct Authority began serving its Handbook of rules and guidance through a new application programming interface. The FCA Handbook API lets a firm’s own software pull the text of UK conduct rules, technical standards and defined terms directly, instead of reading them off the website or waiting for a…