FCA SYSC 3.2

Discussion included NFM, Ai-generated transcription, and gifts and entertainment controls.

The FCA said it will engage further with selected firms to test the adequacy and effectiveness of their compliance resources.

CP26/35 proposes changes that align the illiquid asset redemption rules to international standards to reduce operational pressure on firms.

Market culture is improving but visible leadership and manager capability remain critical for setting the tone and defining good conduct.

The PRA's proposal for automatic threshold adjustments would streamline regulations to support UK firms' growth and stability.

This year's gathering focuses on investor resilience and scams.

What FINMA is proposing and five lessons the Swiss can learn from the UK's Senior Managers Regime.

Our regular roundup of the latest news and developments from the FCA.