| 1 |
Restrictions on Strowz Ltd 22 May 2025 FCAFX News Group |
FCA froze all regulated activity, client-money movements and asset transfers after serious governance concerns, showing it will act pre-emptively against wealth-managers that fall below threshold standards
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Re-validate CASS segregation, client-asset reconciliations and PI cover
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Run a liquidity and capital adequacy stress test against sudden permission restrictions
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Confirm escalation playbook from front office to SMF16
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| 2 |
Streamlined complaints data reporting (CP25/13)22 May 2025 FCAFinancial ReporterFCA |
Five separate complaints returns will merge into one; 10,000 firms affected. Better data gives FCA earlier sight of consumer harm while cutting duplicative reporting
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Map existing complaints returns to the new unified template
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Allocate IT resource to re-configure RegData feeds by consultation close 24 July 2025
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Draft consultation response focusing on proportionality for smaller firms
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| 3 |
Business Agent Ltd (NextCrowd/NextFin) administration 16 May 2025 FCA |
Administration of a crowdfunding intermediary highlights ongoing fragility in alternative-finance platforms and potential client-asset shortfalls
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Review counterparty exposure to crowdfunding/fin-tech partners
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Check due-diligence files for appointed representatives or introducers in this sector
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Update wind-down plan with third-party platform failure scenarios
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| 4 |
Financial Lives survey – one in ten with no cash savings 16 May 2025 FCAReuters |
Data reveal 25 % of adults have low financial resilience; FCA will scrutinise firms’ treatment of vulnerable customers, pricing and forbearance strategies
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Re-assess vulnerability definitions and flags under Consumer Duty
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Stress-test affordability models for higher-risk customer cohorts
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Enhance sign-posting to debt-advice and money-management tools
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| 5 |
Open Finance Sprint 2025 blog 14 May 2025 FCA |
The sprint sets four priority pillars (well-being, growth, resilience, digital ID) and signals next steps toward a data-sharing regime broader than Open Banking
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Nominate an internal lead for open-finance strategy
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Map data-sharing consents, APIs and liability frameworks beyond PSD2 scope
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Engage with FCA Innovation Hub on sandbox or tech-sprint follow-ups
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| 6 |
FCA proposes to strip back insurance rulebook14 May 2025 FCA |
Plan to simplify conduct rules for large commercial insurance, relax product-value reviews and scrap duplicative reporting—part of the regulatory-reform push
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Identify policies qualifying as “large commercial customer” under new definition
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Adjust product-governance review cycles from fixed annual to risk-based cadence
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Note upcoming removal of training-hour minimums for insurance staff
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| 7 |
Confiscation of £305 k from fraudsters 14 May 2025 FCAWired-Gov |
Enforcement success on investment-fraud case shows FCA using proceeds-of-crime powers to return funds to victims and deter unlawful schemes
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Review financial-crime policies for red-flag cold-call investment pitches
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Ensure suspicious-activity reporting captures binary-options-style scams
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Communicate enforcement message to sales teams as deterrent
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| 8 |
Speech: Strengthening UK–China financial partnership 12 May 2025 FCA |
FCA chair outlined plans for closer supervisory cooperation on green finance, wealth management and listings, implying greater cross-border data expectations |
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Audit outsourcing and data-transfer clauses for any PRC exposure
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Incorporate geopolitical-risk metrics into 2025 ICAAP/ORSA updates
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Monitor joint UK-China workstreams on ESG disclosures
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| 9 |
Two brothers plead guilty to insider dealing 9 May 2025 FCA |
Case reinforces FCA priority on professional-investor abuse and intention to seek confiscation. Sentencing due 3 July 2025 |
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Refresh market-abuse (MAR) training for traders and PDMRs
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Validate STOR calibration and escalation timing
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Document insider-list governance under SMF4 oversight
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