Worth reviewing if you have an application in progress or are planning to submit one. Three categories missed targets in Q1 2026/27, and Adjacent Variations of Permission enter the scorecard for the first time.
Investment firms, trading venue operators, and approved reporting mechanisms have until 6 November 2026 to respond to FCA proposals on guidance and transitional rules for the April 2028 go-live.
Oxford research commissioned by the FCA sets out reference architectures for open finance data sharing. No rule change is imminent, but payment firms and wealth managers should track where this is heading.
Two men jailed in 2025 for running a fake cryptoasset scheme must now hand back £851k to the 65 investors they defrauded of £1.54m.
A Scottish insurance broker faces bankruptcy and criminal trial after the FCA found he may have sold home and motor policies without passing premiums to insurers.
The FCA-authorised broker has been under activity restrictions since August 2025. Teneo has been appointed special administrators, and a clone-firm scam is already circulating.
Twenty-one CFD firms have closed since the start of 2025 after using UK authorisation as a reputational badge for overseas operations. Two cases have escalated to formal enforcement investigations.
Action required. The FCA has published a multi-firm review on money mule typologies and cashing-out patterns. If you run financial crime controls at a bank, building society, PI or EMI, the findings set a clear benchmark for what the FCA expects to see.
Operators of recognised payment systems must respond by 22 October 2026. What you are invoiced in Q4 depends on whether Parliament approves a new fee cap before then.
The FCA has launched High Court proceedings against Osborne Baldwin Limited over alleged unauthorised regulated activity, seeking to halt the business and return money to investors.
Action required. The FCA has published final guidance on when cryptoasset activities need authorisation. The application window opens 30 September 2026 and closes 28 February 2027.
The FCA has issued a full prohibition order against a formerly approved senior manager after the SRA found he dishonestly misappropriated more than £10m of client funds for personal benefit. Relevant to anyone holding client money or running fitness-and-propriety assessments.
Payments
Premier Payment Solutions has collapsed with no FSCS cover and no safeguarding for customers. Agents face an unresolved authorisation question.
Enforcement
The ban stands. The Tribunal found he dismantled his own firm's governance to escape accountability. For firms with owner-managers in senior manager functions, the mechanism is as instructive as the misconduct.
Policy
Worth reviewing if you operate in wholesale commodity or digital asset markets. Responses close 23 October 2026.
Conduct
Worth reviewing, with a deadline to note. The FCA wants to drop two data fields from GI value measures reporting. If you submit that data, here is what changes, when it takes effect, and what is coming in 2027.
Enforcement
A London man has admitted fabricating a takeover approach for an AIM-listed oil company using false identities and forged documents. No action required; useful context on how the FCA is using its criminal enforcement powers.
Policy
Three changes carry real firm impact for crypto platforms, fractional share dealers, and banks; payment and e-money firms should also check the DISP definition update. Responses close 12 October 2026.
Policy
The FCA has published an outcomes report from its June 2026 mortgage and open finance sprint. Nothing is confirmed policy yet, but the conditions participants set out are specific enough to be worth tracking.
Enforcement
The FCA has decided to ban Daniel Thomas and fine him £742,700 for advising 53 clients on DB pension transfers without the required qualifications. Findings are provisional pending an Upper Tribunal hearing.
Enforcement
Three former senior figures at Dolfin Financial have been banned from financial services after the FCA found they ran a scheme that helped clients bypass UK investor visa requirements using false evidence of compliance.
Enforcement
Demetrios Hadjigeorgiou steered client pension money into high-risk products while SVS took issuer payments, then failed to stop a 10% exit charge customers never knew about.
Enforcement
Howard Roland Duckett hid a ten-year director ban from the FCA while holding two senior management functions. The prohibition is permanent.
Governance
Worth reviewing. The FCA has published good and poor practice findings from its Early and High Growth Oversight pilot: forward-looking supervisory signalling that scaling firms cannot ignore.