Financial Conduct Authority

We regulate financial services firms and markets in the UK, setting standards for firms to meet and holding them to account.

@FCACymru

[Ofcom @Ofcom]

📢 New proposals to tackle scam adverts online. ⚠️

We're calling on tech firms to do more to tackle fraudulent adverts on their platforms, and have set out nearly 40 proposed measures aimed at protecting users online.

Find out more 🔗https://t.co/ira9WzJUYK

[Financial Conduct Authority @TheFCA]

Speaking at @HoCcommitteesUK, our Chief Executive Nikhil Rathi explains the legal challenges affecting our car finance compensation scheme and how we’re focused on securing fair compensation for consumers as quickly as possible.

#CarFinance #MotorFinance #HelpingConsumers

[Financial Conduct Authority @TheFCA]

In the past 7 days we issued 23 warnings about unauthorised or clone firms.

Protect yourself and find all recent warnings https://t.co/F6gjRRqNx5

#FCAWarnings #FinancialRegulation

[Financial Conduct Authority @TheFCA]

In the past year we've shut down scams, pursued those who abuse markets through the courts, helped hundreds of thousands of consumers access better financial products and cut the cost of regulation for tens of thousands of firms.

Read our Annual Report 2025/26 https://t.co/8XEWRFwmVa

#FinancialRegulation #FinancialServices

[Financial Conduct Authority @TheFCA]

In the first year of our 5-year strategy, we've tackled the most serous risks and harms.

By cracking down on illegal promotion and market abuse, we've taken decisive action to protect consumers, fight financial crime and uphold market integrity.

Read more about the progress we've made https://t.co/dh2mRs9g2P

#FinancialRegulation #FinancialServices

[Financial Conduct Authority @TheFCA]

We’ve told banks to improve access to basic bank accounts after finding widespread poor practice.

Nine of the biggest UK banks and building societies must legally offer basic bank accounts, providing access to essential services with no fees or overdraft.

https://t.co/Dy5iAcRNsz

#HelpingConsumers #FinancialRegulation #FinancialServices

[Financial Conduct Authority @TheFCA]

The Mills Review explores how AI could reshape retail financial services for consumers, firms, markets and regulators.

The findings and recommendations from the independent report build on the FCA's strong foundations and how we can harness AI to deliver better outcomes for consumers and maintain trust in financial services.

https://t.co/mlYHx7v7hN

#FCAGrowth #AI #AIFinance #FinancialServices #FinancialRegulation

[Financial Conduct Authority @TheFCA]

The UK is taking a major step forward on cryptoasset regulation.

Our final rules due to come into effect in October 2027 set clear standards for firms, strengthen consumer protection and support responsible innovation.

Read more https://t.co/2k4nABtLSi

#FCAGrowth #SmarterRegulator #Cryptoassets #FinancialRegulation

[Financial Conduct Authority @TheFCA]

In the past 7 days we issued 28 warnings about unauthorised or clone firms.

Protect yourself and find all recent warnings https://t.co/F6gjRRqNx5

#FCAWarnings #FinancialRegulation

[Financial Conduct Authority @TheFCA]

We're proposing new product disclosure rules to help make investing more accessible.

We want more people to feel confident with investing by getting clearer information in plain English on products and charges.

https://t.co/nLGXKsCHHn

#HelpingConsumers #FCAGrowth #FinancialRegulation

[Financial Conduct Authority @TheFCA]

The legal challenges to our motor finance scheme will be heard by The Upper Tribunal on 14-18 December 2026 or 16-26 February 2027. The Tribunal has also made an order suspending parts of the scheme on terms agreed by us with the 4 challengers.

The partial suspension enables firms to keep preparing for the scheme and progress complaints as far as possible, while avoiding work that may need to be repeated if the challenges succeed.

It also provides certainty for some consumers sooner, by requiring firms to tell complainants who are not owed compensation, subject to limited exceptions.

If the scheme is upheld, and the judgment isn’t appealed, we expect payments under the scheme to begin in 2027.

Lenders would have to follow the scheme rules, and we’d supervise them closely to make sure they do.

https://t.co/0etQCaiaeW

#CarFinance #MotorFinance #HelpingConsumers #FinancialServices

[Financial Conduct Authority @TheFCA]

This is a significant moment for cryptoasset regulation in the UK. 📢

Firms supporting people to buy, trade and hold cryptoassets will need to meet clear standards under our new rules and get ready for when they come into effect in October 2027.

Under our rules, cryptoasset firms will be held to similar standards to other financial providers, but consumers should understand what protections apply before investing.

https://t.co/3UTtavANJH

#FCAGrowth #SmarterRegulator #Cryptoassets #FinancialRegulation

[Financial Conduct Authority @TheFCA]

Wholesale financial businesses involved in retail markets will find it easier to comply with the Consumer Duty under our proposals to help them apply the Duty proportionately and with confidence.

https://t.co/AZMt28c6cf

#FCAGrowth #ConsumerDuty #FinancialRegulation #FinancialServices

[Financial Conduct Authority @TheFCA]

In the past 7 days we issued 33 warnings about unauthorised or clone firms.

Protect yourself and find all recent warnings https://t.co/F6gjRRqNx5

#FCAWarnings #FinancialRegulation

[Financial Conduct Authority @TheFCA]

CACEIS UK, an asset servicing bank, has been censured and will make a £31.7m voluntary payment to WealthTek clients for failing to act on information that left clients exposed to the risk of financial crime.

We've now secured over £57m for WealthTek clients in just over a year, with action taken against CACEIS UK, Sapia Partners and Barclays Bank UK.

https://t.co/Av43p4dA9e

#FightingFinancialCrime

[Financial Conduct Authority @TheFCA]

Scammers are becoming more sophisticated, contacting people in ways that can appear legitimate and lead to devastating losses.

If you receive a suspicious text or call that appears to be from your bank, don’t use the contact details they give you. Use the details on Firm Checker or your bank statement to check you’re dealing with the genuine firm.

https://t.co/iv9FU6BEmG

#FightingFinancialCrime

[BBC News (UK) @BBCNews]

Traitors star says he lost life savings to a scam https://t.co/pk8xh0jK8H

[Financial Conduct Authority @TheFCA]

In the past 7 days we issued 20 warnings about unauthorised or clone firms.

Protect yourself and find all recent warnings https://t.co/F6gjRRqNx5

#FCAWarnings #FinancialRegulation

[Financial Conduct Authority @TheFCA]

We’ve decided to fine Carlos Ricardo Fuenmayor £99,600 for failing to disclose 3 separate matters to us.

Mr Fuenmayor has referred his Decision Notice to the Upper Tribunal.

Disclosing information which we reasonably expect, and doing it promptly, is key to maintaining trust in financial services and supporting a strong market that works well for consumers.

https://t.co/TAPBNxIuMH

#FightingFinancialCrime #FinancialRegulation

[Financial Conduct Authority @TheFCA]

In the past 7 days we issued 20 warnings about unauthorised or clone firms.

Protect yourself and find all recent warnings https://t.co/F6gjRRqNx5

#FCAWarnings #FinancialRegulation

[Financial Conduct Authority @TheFCA]

Our Deputy Chief Executive, Sarah Pritchard, attended @HoCcommitteesUK to discuss the Government's financial inclusion strategy and how helping consumers is embedded into our work.

We want to ensure people have access to appropriate and affordable financial products and services.

#HelpingConsumers #FinancialInclusion