Here we go again...a new chapter in financial services regulation

A NEW CHAPTER

clock

Bernadine Reese, managing director of consultants Protiviti UK, takes a look at the next chapter of financial services regulation...

Financial regulation has been regularly amended since the seismic change brought about by the original Financial Services Act in 1986, most notably by the Financial Services and Markets Act 2000 and a large number of European directives and UK regulations. This month’s most recent changes, now that sections of the Financial Services Act 2012 have come into force, are the most significant in more than a decade. The major change is that the government has created a new regulatory architecture, splitting out “prudential” and “conduct” regulation, as well as appointing the Financial Polic...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Targeted support: FCA shuns 'overly prescriptive' approach to vulnerability

Targeted support: FCA shuns 'overly prescriptive' approach to vulnerability

Considered prescribing how firms should support ‘vulnerable consumers’

Isabel Baxter
clock 30 June 2025 • 2 min read
Targeted support: 38,000 current advice users expected to switch

Targeted support: 38,000 current advice users expected to switch

Firms could generate up to £499 in revenue per customer

Isabel Baxter
clock 30 June 2025 • 4 min read
Targeted support: An 'expedient way' to meet Consumer Duty cross-cutting obligations

Targeted support: An 'expedient way' to meet Consumer Duty cross-cutting obligations

FCA urges firms to treat all recipients of targeted support as retail customers

Isabel Baxter
clock 30 June 2025 • 2 min read