The UK is entering a decisive phase in the regulation of cryptoassets. In Consultation Paper CP25/40 , the Financial Conduct Authority sets out its proposed rules and guidance for a wide range of cryptoasset activities that will, for the first time, fall squarely within the UK’s financial services regulatory perimeter. For firms considering FCA authorisation, this consultation is not simply an incremental change. It represents a fundamental shift in how crypto businesses are

The Financial Conduct Authority expects regulated firms to demonstrate that compliance is not only monitored, but planned, resourced, and embedded into the way the business operates. While most FCA-regulated firms maintain a Compliance Monitoring Programme, this alone is no longer sufficient to evidence effective governance. Firms are expected to take a forward-looking approach to compliance, one that anticipates regulatory change, aligns with business strategy, supports seni

The FCA has finalised and implemented a package of reforms aimed at simplifying insurance regulation, reducing costs for firms, and supporting growth, while maintaining appropriate protections for consumers and smaller commercial clients. These measures, set out in Policy Statement PS25/21 and related consultations, are now in effect and represent one of the FCA’s most significant recalibrations of insurance conduct rules since the introduction of the Consumer Duty. Below, we

The FCA has launched one of the most ambitious reform packages in recent years, aimed at reshaping the UK’s investment landscape. This set of proposals is designed to boost domestic investment and modernise client categorisation rules, all while ensuring that regulatory protections remain targeted where they are truly needed. Coming ahead of the 2025 festive period, the package includes proposals to reform client classification, introduce a new Consumer Composite Investments

On 4 December 2025, HM Treasury (HMT) published a policy paper setting out the UK Government’s intention to introduce a provisional licences authorisation regime for early-stage financial services firms seeking FCA authorisation. This reform, first promised in the Regulation Action Plan (March 2025), aims to reduce friction for innovative start-ups while preserving high standards of consumer protection and market integrity. The proposal responds directly to challenges faced b

On 21 November 2025, the Financial Conduct Authority (FCA) issued CP25/32 – Improving the UK Transaction Reporting Regime, marking the most significant review of MiFIR transaction reporting since its original 2018 introduction and UK onshoring in 2020. The proposals aim to simplify reporting, cut industry costs, and improve data quality, while setting out a long-term reform agenda in collaboration with HM Treasury and the Bank of England. The consultation is now open, with re