The Financial Conduct Authority (FCA) has announced the appointment of Sarah Pritchard to the newly created role of Deputy Chief Executive. The new position has been introduced to accommodate the Financial Conduct Authority’s broadened scope, encompassing the integration of the Payment Systems Regulator, oversight of stablecoin and cryptoasset firms, and regulation of Buy Now Pay Later activities. The role will also see Sarah supporting the FCA's international focus, which aligns with the regulator's role in supporting growth and competitiveness.

On 6 June 2025, as part of their quarterly consultation paper, the FCA announced proposals to lift the ban on crypto exchange traded notes (cETNs) being offered to retail investors. This would allow cETNS to be sold to individual consumers in the UK, provided that they are traded on an investment exchanged that is approved by the FCA. Consumers would benefit from financial promotion rules and receive information on risks. Retail access to cryptoassets derivatives will still be banned.

The FCA is leading efforts to tackle illegal finfluencers alongside regulators from Australia, Canada, Hong Kong, Italy, and the United Arab Emirates. As part of the week of action that started on 2 June 2025, the UK regulator took measures against unauthorised financial influencers, including arrests, criminal proceedings, and warning alerts.

HM Treasury has published a joint statement of the UK-US Financial Regulatory Working Group (FRWG), which was held on 3 June 2025. At the meeting, HM Treasury and the US Treasury underscored the continuing close collaboration between the UK and US across multiple areas, with discussions centred on the outlook for economic and financial stability; recent regulatory developments; advancements in digital finance and innovation, and the investment climate. The meeting was also attended by officials from the Bank of England, Financial Conduct Authority, Board of Governors of the Federal Reserve System, Commodity Futures Trading Commission, Federal Deposit Insurance Corporation, Office of the Comptroller of the Currency, and Securities and Exchange Commission.

On 15 July 2025, the FCA and the Prudential Regulation Authority (PRA) issued a statement following HM Treasury's (HMT) response to the captive insurance consultation, which includes plans to bring forward legislation facilitating the establishment of captive insurers within protected cell company (PCC) structures. The two regulators will support the captive insurance market through the development of a regulatory regime and suitable authorisations, including plans to run consultations in the summer of 2026.

In July the FCA published its final policy statement and consultation paper CP25/18 introducing a new rule, COCON 1.1.7R, extending existing rules on non-financial misconduct (NFM) from banks (only) to non-banking firms. The FCA has also made clear that firms will be required to report serious substantiated NFM to the FCA and include the same in regulatory references to prevent "rolling bad apples" within the industry. These changes reflect the priority and focus of the FCA on clamping down on behaviours such as bullying and harassment (which qualify as NFM). The changes will be in force from 1 September 2026 and will not apply retrospectively.

The FCA and the Financial Ombudsman Service (FOS) have jointly published a consultation paper on their proposals to modernise the financial redress system. The consultation is the outcome of the FCA's and FOS' Call for Input that they jointly launched in November 2024. Individually, the FCA set out in their 2025-2030 Strategy that they intended to review the redress regime as part of their focus on the competitiveness of UK financial services. The FOS also detailed their intention to modernise the redress scheme in their Plan and Budget Consultation 2025/26. The proposed changes include improving how the FCA and FOS work together in order to ensure regulations are interpreted consistently.