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ARTICLE · 28 MARCH 2025

FCA Updates – 'Assertive' Supervision, And About Turns

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The FCA enforcement landscape has shifted dramatically under the oversight of the (now not so new) joint Directors of Enforcement, moving away from traditional...

United StatesCorporate/Commercial Law
Joe Hewton
Joe Hewton
Phil Davies
Phil Davies
Zahra Mashhood
Zahra Mashhood
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With special acknowledgment to Aaron Brooks for his contribution.

Key Takeaways

  • The FCA enforcement landscape has shifted dramatically under the oversight of the (now not so new) joint Directors of Enforcement, moving away from traditional enforcement action and towards more "assertive" supervisory action.
  • The FCA has dropped recently proposed changes, including rules about 'naming and shaming' regulated firms under FCA investigation, as well as diversity and inclusion initiatives.
  • Long-awaited rules on non-financial misconduct have been delayed again, despite it becoming a strategic priority for the Regulator. The next steps on the FCA's approach to non-financial misconduct are expected in June 2025.

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