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…
On 29 July 2026 the Prudential Regulation Authority published PS18/26, the policy statement that finalises the Solvency UK reporting and disclosure changes firms will apply for reporting reference dates on or after 31 December 2026. It sets out the PRA’s response to CP22/25 on post-implementation reporting and disclosure amendments and to Proposal 1 of CP4/26…
On 18 May 2026 the Prudential Regulation Authority sent a Dear CEO letter to the chief executives of UK banks and designated investment firms, reaffirming where the line sits between a deposit and everything that only looks like one. The PRA Dear CEO letter on innovations in the use of deposits, e-money and stablecoins, signed…