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ARTICLE · 14 APRIL 2026

FCA Perimeter Report 2026: Key Takeaways

Lewis Silkin
Lewis Silkin
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Lewis Silkin

Lewis Silkin

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The FCA has published its latest Perimeter Report outlining the areas where it says regulation needs to evolve to protect consumers, support innovation and maintain market integrity.

United KingdomFinance and Banking
Wendy Saunders
Wendy Saunders
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Helen Hart
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The FCA has published its latest Perimeter Report outlining the areas where it says regulation needs to evolve to protect consumers, support innovation and maintain market integrity. The perimeter defines what the FCA does and doesn't regulate, and this year's report focuses heavily on the impact of technological change and AI-driven business models and gaps that expose consumers or markets to harm. The report makes the following headline points:

New and emerging regulatory areas are expanding the perimeter

The FCA highlights progress on several fronts:

  • BNPL (Deferred Payment Credit) will soon fall under FCA oversight.
  • Cryptoassets: Seven new regulated activities are now in scope under the Treasury's February 2026 Crypto RAO, with further legislative reform needed around crypto resolution.

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