05/03/2026
FCA Launches New Regulatory Priorities Reports
The FCA has introduced a new series of Regulatory Priorities reports, beginning with the insurance sector, as part of its drive to streamline regulation and simplify communications.
These reports replace the previous portfolio letters. With over 40 letters previously in circulation, firms often had to review multiple documents to understand what applied to them, creating unnecessary complexity. The FCA has responded with a more consolidated, sector-based approach.
This move also reflects the FCA’s earlier indication that it would move away from Dear CEO letters, shifting instead to clearer, sector-level communications.
What to expect:
• Nine sector-level reports
• Clear regulatory priorities and upcoming developments
• Direct links to detailed guidance
• Easier navigation and clearer actions for firms
• Annual updates
While the format has changed, expectations have not. Boards and senior management should review the relevant report carefully and take action where required.
This development reinforces exactly why proactive compliance support is so important. Clearer priorities mean greater accountability, and firms need to evidence how they have assessed and implemented change.
We recently explored this in our blog on the value of proactive compliance support. Read the full article here: https://b-compliant.co.uk/proactive-compliance-support/
