Author Eleanor Lamberton
The Financial Conduct Authority (FCA) has for 2026 introduced a suite of Regulatory Priorities Reports1 across all major sectors. These replace over 40 portfolio letters and represent a deliberate shift to simplify how the regulator communicates its expectations as part of its wider transformation agenda. The new reports aim to provide clarity through a single sector-specific overview – a “one stop shop” for boards and senior management to review and act – while also improving consistency by establishing a predictable annual cycle. They signal a clear direction of travel: greater regulatory flexibility for firms that “do the right thing” and faster intervention where they do not.
They reflect both industry feedback and the FCA’s transformation agenda and are designed to be actionable and aligned with market realities setting out planned work alongside key areas of focus. Firms...