Regulatory Updates

FCA Financial Services Consumer Panel responds to two FCA Consultations

1 Sept 2026 - Regulatory Updates

The FCA Financial Services Consumer Panel (FSCP) has published responses to two FCA Consultations, CP26/22 (Simplifying the Insurance Rules) and CP26/23 (Consumer Duty – scope and proportionality). Broadly, the Panel supports the FCA’s ambition set out in…

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FCA updates its ‘non-financial misconduct in financial services’ web page

1 Sept 2026 - In The News

The FCA has updated its Non-financial misconduct in financial services web page to remind firms that the new rules and guidance have come into effect. The UKGI online Compliance Manual now features specific content in relation to non-financial misconduct and…

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FCA final rules and guidance on Non-Financial Misconduct – Part 1

26 Aug 2026 - Hot TopICS

On 1st September 2026, the FCA’s new rules and guidance on Non-Financial Misconduct (NFM) in financial services will take effect. Our July 2025 Hot TopICS covered the rule changes and proposed supporting guidance and the finalised guidance was published on…

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International Underwriting Association launches a new cyber claims professionals London Market Group

24 Aug 2026 - In The News

A new group for cyber claims professionals in the London Market is being launched by the International Underwriting Association (IUA). The Cyber Claims Committee will hold its first meeting on October 15th, and is open to senior leaders working within cyber…

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ABI calls for Government to harness commercial insurers to boost economic growth

20 Aug 2026 - In The News

The ABI has announced the publication of a new report: “The Value of Commercial Insurance: Enabling growth, innovation, and resilience” which shows how insurers help businesses and organisations of all sizes and sectors manage risk, support jobs and unlock…

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PRA sets out plans for a new captive insurance regime in the UK

18 Aug 2026 - Regulatory Updates

The Prudential Regulation Authority (PRA) is continuing its work on proposals for a new regulatory regime for captive insurers, following the publication of Consultation Paper CP11/26 in July. Captive insurance allows a corporate group to insure or reinsure…

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