UK FCA responds to House of Lords Committee on publicising enforcement investigations

The UK Financial Conduct Authority (FCA) has published a letter (dated 1 June) to the House of Lords Financial Services Regulation Committee. The letter sets out the FCA's findings from its "lessons learned" exercise of its consultation on publicising enforcement investigations. The FCA acknowledges that its original proposals were poorly communicated and came as a surprise to industry due to insufficient early engagement and supporting data. The FCA confirmed it has since reinforced its commitment to more predictable and transparent consultation practices. The letter also summarises the operation of the updated enforcement guide introduced in June 2025, following final rules in PS25/5.

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