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ARTICLE · 12 AUGUST 2026

UK’s FCA Proposes Streamlined Remuneration Code For Solo-Regulated Firms

Skadden Arps Slate Meagher & Flom
Explore more from Skadden Arps Slate Meagher & Flom

On 14 July 2026, the UK Financial Conduct Authority (FCA) published CP 26/27, setting out proposals to overhaul the regulatory remuneration framework for solo-regulated firms.

United KingdomFinance and Banking
Sebastian Barling
Sebastian Barling
Olivia Merrett
Olivia Merrett

Executive Summary

  • What’s new: On 14 July 2026, the FCA published proposals to revoke the AIFM, UCITS and MIFIDPRU remuneration codes and related guidance, replacing them with a single code for all solo-regulated firms.
  • Why it matters: These changes would impact all FCA solo-regulated firms as well as existing FCA supervised MIFIDPRU consolidation groups. We expect firms will welcome the reforms as a shift to a more proportionate regime that would allow for greater autonomy and exercising of management body judgment in applying the regime to their firms.
  • What to do next: In-scope firms should review the proposals to assess the impact on their operations and consider responding to the FCA’s consultation by the deadline of 16 September 2026, in particular in relation to the options the FCA has proposed for the operation of variable remuneration deferral mechanisms.

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