The Financial Conduct Authority (FCA) has initiated a consultation aimed at reducing late fees associated with overdue regulatory returns. The proposed change would cut the fee from £250 to £100, making it more equitable, especially for smaller firms and those with limited resources. The FCA acknowledges that the current fee structure may disproportionately impact smaller organizations, which often lack the financial buffer to absorb such costs. By lowering the late fee, the FCA hopes to promote compliance and ease the financial burden on these entities. The consultation period will allow stakeholders to provide feedback on the proposal, ensuring that the regulatory framework remains responsive to the needs of the industry.
[Date: 6 December 2025]
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🏦 Regulators announce plans to support growth of mutuals sector
Financial regulators have unveiled a comprehensive set of initiatives aimed at fostering the growth of the mutuals sector, which includes credit unions and mutual societies. Key components of this plan include a thorough review of existing credit union regulations and the establishment of a new Mutual Societies Development Unit by the FCA. These measures are designed to streamline regulations and provide more robust support to mutual organizations, enhancing their operational capabilities. This initiative is part of a broader strategy to stimulate innovation and competition in the financial sector, which regulators believe will ultimately benefit consumers by providing more options.
[Date: 6 December 2025]
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🔄 Simplifying the firm experience: RegData access now through My FCA
In a bid to modernize and simplify regulatory interactions, the FCA has announced that access to RegData will now be available through the My FCA portal starting from 28 November 2025. This change is part of the FCA’s broader initiative to enhance the user experience for firms interacting with regulatory systems. Future updates will extend similar access to the Connect and Online Invoicing System, consolidating various regulatory services into one user-friendly platform. By streamlining access, the FCA aims to reduce complexity and improve efficiency for firms navigating regulatory requirements, ultimately supporting better compliance and reporting practices.
[Date: 6 December 2025]
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🚔 Arrest made in suspected market manipulation case
An individual has been arrested in London on charges related to market manipulation, fraud by false representation, and forgery. The arrest was executed by the FCA in collaboration with the Metropolitan Police, who conducted a search at the suspect’s residence under a warrant. Investigators are currently gathering evidence and have interviewed the suspect under caution as part of a broader investigation into potential misconduct in financial markets. This case highlights the ongoing efforts by regulators to maintain market integrity and address fraudulent activities that undermine investor confidence.
[Date: 6 December 2025]
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💼 JNFX Ltd enters special administration
JNFX Ltd has officially entered special administration under the Payment and Electronic Money Institution Insolvency Regulations 2021, as of 24 November 2025. The FCA has appointed Louise Brittain and Matthew Richards from Azets Holdings Ltd as joint special administrators to oversee the process. JNFX, which is authorized to provide foreign exchange and payment services, has faced operational challenges leading to this administrative action. The special administration aims to address the company’s financial difficulties while ensuring that clients and stakeholders are treated fairly during the proceedings.
[Date: 6 December 2025]
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📅 Government publishes draft Statutory Instrument on T+1 settlement
The UK Government has released a draft Statutory Instrument (SI) and accompanying policy notes aimed at establishing a T+1 settlement cycle as the standard in the UK by 11 October 2027. This initiative is designed to enhance the efficiency of the settlement process within financial markets. The Government is encouraging market participants to review the draft SI and provide feedback, emphasizing the importance of thorough preparation for the impending changes. Adopting a T+1 settlement cycle is expected to reduce risks and improve liquidity in the market, benefiting all stakeholders involved.
[Date: 6 December 2025]
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