In this In Practice article the authors consider R (CIT (an anonymised company)) v Financial Conduct Authority (No.1) [2025] EWHC 2614 (Admin), and R (on the application of Claims Protection Agency Ltd) v Financial Conduct Authority (No. 2) [2025] EWHC 2615 (Admin) in which the High Court upheld the Financial Conduct Authority’s decision to name a regulated firm as the subject of an investigation.