On 6 July 2026 the Financial Conduct Authority (FCA) published the Mills Review, an independent review of how artificial intelligence could reshape retail financial services by 2030 and beyond. The Review creates no new obligations. It makes seven recommendations to the FCA Board, and its central conclusion is that the existing framework, including the Consumer Duty, the Senior Managers Regime and operational resilience requirements, remains sound and will not be replaced by

On 3 August 2026, the Financial Conduct Authority (FCA) published Policy Statement PS26/15, Improving the UK transaction reporting regime. It confirms final rules that cut the number of transaction report fields from 65 to 52, take foreign exchange (FX) derivatives and instruments tradeable only on European Union (EU) trading venues out of scope, and shorten the default back reporting period from five years to three. The new regime comes into force on 3 April 2028, but a flex