The Financial Conduct Authority (FCA) is proposing that non-UCITS retail scheme (NURS) funds with at least 50% of their value in inherently illiquid assets, such as direct property, should deal no more than once a month and require investors to give at least 90 days' notice to redeem. The proposals are set out in Consultation Paper CP26/35, Fair redemption terms for authorised funds investing in illiquid assets, published on 8 October 2026. They are not final rules: the FCA i

The FCA's new transaction reporting rules are already final and take effect on 3 April 2028; CP26/34 does not reopen them. Instead, the Financial Conduct Authority (FCA) is consulting on how those rules should work in practice: draft guidance and worked examples for a new Transaction Reporting User Pack, transitional guidance for the switchover from UK MiFIR, and consequential Handbook amendments. The consultation was published on 2 October 2026 and closes on 6 November 2026.

The Financial Conduct Authority (FCA) will become the single anti-money laundering (AML) and counter-terrorist financing (CTF) supervisor for legal service providers, accountancy service providers and trust and company service providers (TCSPs), taking over from the professional body supervisors (PBSs) and HM Revenue and Customs (HMRC), which supervise these firms today. Nothing changes yet. The reform depends on legislation, the FCA does not expect to begin supervising these

The Financial Conduct Authority (FCA) has concluded that the general insurance value measures rules are broadly working as intended, but that inconsistent reporting is limiting the usefulness of the data. In Consultation Paper CP26/33, published in September 2026, it proposes removing two data fields from the annual value measures return and signals wider changes to definitions and reporting, on which it expects to consult in the first half of 2027. Comments on the current pr

From 1 October 2026, the Financial Ombudsman Service (FOS) can dismiss complaints on a restructured set of grounds, including where a firm has already reviewed the matter under regulatory standards or where another body is dealing with it. A clarification of the fair and reasonable test in DISP 3.6.4R takes effect on the same date, but "good industry practice" stays for now, and a new registration stage is deferred to April 2027 at the earliest. These decisions are set out in

On 14 July 2026 the Financial Conduct Authority (FCA) published CP26/29: A tailored regime for captive insurance, proposing a bespoke conduct framework for single-parent captive insurers in the United Kingdom. These are proposals, not final rules. The consultation closes on Wednesday 14 October 2026 and the FCA expects implementation in mid-2027, once both regulators have published their final rules and policies. The paper was published alongside the Prudential Regulation Aut