The FCA h as announced a major simplification of the complaints reporting process for regulated firms. From 2025, firms will no longer need to submit detailed twice-yearly complaint returns. Instead, the FCA will use smarter data collection and risk-based oversight to reduce the reporting burden—particularly for smaller firms—while still maintaining strong consumer protection standards. This is part of the FCA’s wider move to streamline regulatory processes, remove unnecessa

Big news from the Financial Conduct Authority (FCA) – they’re sharpening their fraud prevention toolkit. The regulator announced it will now have the power to cancel or amend a firm’s permission within 28 days if the firm fails to take appropriate action after a warning. Key highlights: Firms must now prove they are actively using the regulated activity they’re authorised for — or risk losing that permission. The move is aimed at tackling impersonation and cloning of authoris

FCA extends car finance compensation plan as lenders push back The Financial Conduct Authority (FCA) has launched a consultation on an industry-wide compensation scheme for motor-finance customers who may have been mis-sold deals between 6 April 2007 and 1 November 2024. Key points: The issue centres on hidden or undisclosed commissions (including discretionary commission arrangements) that may have inflated costs for borrowers. Around 14.2 million agreements — roughly 44% of

🚨 New Companies House ID Verification Rules – Effective 18 November 2025 Big changes are coming under the Economic Crime & Corporate Transparency Act 2023. From 18 November 2025, all UK company directors, LLP members, and persons with significant control (PSCs) will need to complete mandatory identity verification. ✅ New directors or PSCs must verify before their appointment is filed.  ✅ Existing companies have 12 months to complete verification (aligned with their next conf

News from Companies House: Over 150,000 UK companies are being targeted for enforcement action in 2025–26 as part of a national crackdown...