The FCA plans to launch a live AI testing service to help firms deploy safe and responsible AI and is seeking firm's views before launching the service.

The FCA has cancelled the part 4A regulatory permissions of Glasgow-based firm LR Kennedy Insurance Services (FRN: 311420) after repeated failures from the firm to respond to questionnaires, telephone calls and emails from the regulator.

The FCA is embracing technology to help it be more “user-friendly” by reducing regulatory burdens and adopting a more dynamic approach to supervision and authorisation.

The FCA has made it easier for Financial Planners to find up-to-date supervisory communications on its website.

The FCA has published plans to “streamline” rules on the types of funds investment firms must hold in a step it claims could cut red tape by up to 70%.

The FCA is opening offices in America and Australia for the first time as it follows a new strategy of establishing a presence in the key overseas regions of the United States and Asia-Pacific.

The FCA has charged Mansfield-based John Burford with carrying on an unauthorised business and dishonestly misleading investors.

Some trading apps lack adequate checks and this could leave consumers exposed to unnecessary risks, the FCA has warned after a review of the sector.

The FCA has told banks and building societies they need to make “improvements” when it comes to dealing with customers affected by bereavement or registering a power of attorney.

The reappointment of FCA CEO Nikhil Rathi this week for a further five year term was a surprise to some who expected a new face at the helm of the UK’s leading financial regulator.

Nikhil Rathi has been reappointed as chief executive of the Financial Conduct Authority for a second five-year term and will be CEO until 2030.

The FCA is proposing to increase advice firms’ regulatory fees by 2.8% from April next year.

The FCA says it will make it easier for firms to test innovative products by providing them with an authorisation case officer from the start of the process.

The FCA is proposing a major rule overhaul for managers of alternative investments to promote growth and get rid of old EU regulations.

The FCA has decided to hold off introducing new rules on sustainability-related governance and the transition to net zero for regulated firms following a consultation with the industry.

Nikhil Rathi, chief executive of the FCA, said the regulator was considering how retail markets can take a more holistic approach to Britons’ finances.

Financial Planners and advisers can now access a single point of sign in with the FCA for regulatory reporting tasks, including submitting regulatory data and paying fees. 

The FCA, backed by City of London Police, has arrested four individuals over suspected fraud and money laundering offences.

The FCA has set out its next steps on Consumer Duty, publishing proposals that aim to simplify communications about savings accounts.

The FCA has launched a new five-year strategy which it hopes will deepen trust in financial services, rebalance risk, support growth and improve lives.