The FCA is seeking feedback on rules and guidance that it proposes to apply to Deferred Payment Credit (DPC) lending, often known as Buy Now Pay Later, following the Government’s decision to bring this under FCA regulation.

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Source: FCA
Date: 18 July 2025

This occasional paper published by the FCA examines who is using DPC and its impact on their financial outcomes.

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Source: FCA
Date: 18 July 2025

The FCA has published finalised guidance for firms on how to apply a proportionate and risk-based approach to UK politically exposed persons, their relatives and close associates for anti-money laundering purposes.

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Source: FCA
Date: 16 July 2025

Barclays Bank UK PLC failed to check it had gathered sufficient information to understand the money laundering risk, before opening a client money account for WealthTek.

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Source: FCA
Date: 15 July 2025

The FCA has proposed changes to the Senior Managers and Certification Regime (SM&CR). In this consultation the FCA wants to reduce the burden on firms and make the requirements clearer and more efficient.

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Source: FCA
Date: 15 July 2025

The FCA and Financial Ombudsman Service (FOS) are seeking views on proposals to modernise the redress framework, to better serve consumers and give firms greater certainty to invest and innovate.

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Source: FCA
Date: 15 July 2025

The FCA has written to Rachel Reeves to set out how it will measure its authorisations process moving forward.

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Source: FCA
Date: 15 July 2025

This consultation sets out the findings and proposed reforms following the Economic Secretary’s Review of the FOS, which was announced in March in the Government’s Regulation Action Plan.

The consultation proposes a package of reforms to the legislative framework in which the FOS operates. These are designed to stop the FOS acting as a quasi-regulator and ensure that the FOS is delivering its role as a simple, impartial dispute resolution service.

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Source: HM Treasury
Date: 15 July 2025

Following a consultation earlier this summer, the interest applied to some awards the Ombudsman directs financial service firms to make is being revised to track the Bank of England’s base (average) rate +1%.

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Source: FOS
Date: 15 July 2025