FCA
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FCA work in review: May 1-11, 2026
Our regular roundup of the latest news and developments from the FCA.
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UK payments industry braces for “CASS-light” reality
From May 2026, CASS 15 imposes immediate, stricter safeguarding requirements on payment firms to protect client funds, with trust rules deferred until 2027.
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MLR 2017 amendments: Key threshold changes and tighter CDD/EDD
2026 focus is on updated requirements (including CDD) with 2027 set as the deadline for comprehensive crypto authorization and structural regulation.
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FCA financial promotions rules in review
Consultation aims to streamline compliance by moving financial promotions under Consumer Duty umbrella.
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FCA to review claims management practices after consumer concerns
The review will look into motor finance claims management, housing disrepair, lead generators, and other firms not directly regulated by the FCA.
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FCA webinar report – operational resilience, incident and third-party reporting
Wide-ranging discussion useful for compliance and tech professionals to assess current posture, including areas for improvement.
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FCA updates guidance on when to make a notification
Changes to guidance expand circumstances in which firms need to consider making a Principle 11 notification in relation to customer redress issues.
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FCA vows to defend motor finance redress scheme after legal challenges
Consumer Voice, Volkswagen Financial Services, Mercedes Benz Financial Services, and Crédit Agricole Auto Finance have all challenged the scheme.