Regulatory News 20 January 2026

This week, the FCA announced that applications are now open for the next round of AI Live Testing. The regulatory also issued a letter to trade associations, detailing the next steps on how to engage in the process of establishing a future entity for open banking.

In other news, the FOS published their latest edition of Ombudsman News and BBC News published an article on credit reporting practices and consumer protection.

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FCA News
Applications now open for next round of FCA’s AI Live Testing

AI Live Testing is the first of its kind in the financial sector to help firms who are ready to use AI in UK financial markets. Participating firms receive tailored support from the FCA’s regulatory team and to develop, assess and deploy safe and responsible AI.

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Source: FCA
Date: 19 January 2026

FCA Publication
FCA letter to trade associations: process to establish a future entity for open banking

This letter includes next steps on how to engage in the process of establishing a future entity for open banking.

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Source: FCA
Date: 16 January 2026

FOS Publication
Latest edition of Ombudsman News

In this issue, the FOS highlights that there is still time to send a response to its Plans and Budget Consultation for 2026/27 financial year. It also features the new interest rate applied to compensation awards.

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Source: FOS
Date: 15 January 2026

Worth a Read
'Credit-score company encouraged me to borrow again when I was nearly debt-free'

As part of a BBC Panorama investigation, this article covers a woman’s experience being encouraged by a credit-rating company to borrow more, highlighting concerns about how credit scores are used and communicated. The story feeds into wider debates about credit reporting practices and consumer protection.

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Source: BBC News
Date: 19 January 2026

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