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ARTICLE · 29 JULY 2025

FCA Enforcement: End Of Term Report

Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP
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Herbert Smith Freehills Kramer LLP

Herbert Smith Freehills Kramer LLP

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While the FCA continues to mull how it might share more information on themes and trends in its enforcement work (following enthusiasm for this sort of market update from respondents...

United KingdomFinance and Banking
Jenny Stainsby
Jenny Stainsby
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While the FCA continues to mull how it might share more information on themes and trends in its enforcement work (following enthusiasm for this sort of market update from respondents to its ill-fated prior attempts at 'transparency'), we look at what we can glean from its annual enforcement data, published as part of the FCA's Annual Report and Accounts.

  • The total number of enforcement cases has significantly reduced again this year, with 130 open cases at end March 2025, compared to 188 open cases at the same time in 2024.
  • This has been achieved through a greater number of cases being closed in the year 2024/25 – 81, against 60 in 2023/24; while the number of newly opened cases has remained fairly static (23 in 2024/25 v 25 in 2023/24).

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