Regulators update Regulatory Initiatives Grid

The latest edition of the Regulatory Initiatives Grid updates on timelines for 124 live initiatives across the 9 organisations covered by the grid. The press release heralding the publication highlights the themes of:

• financial stability and regulatory efficiency;
• innovation; and
• consumer confidence and investment.

Milestones for 2026 include:

• engagement in H1 on the review of FCA rules in the light of the Consumer Duty – including reviews of CONC 3 and CASS;
• engagement throughout the year on Open Banking and Open Finance;
• legislation to improve the MLRs expected in Q1 2026;
• policy statement and further consultation on the redress process during H1 2026;
• policy statement on non-financial misconduct expected before the end of 2025, with the rules taking effect in September 2026;
• authorisations gateway for targeted support to open in the new year, with the regime going live in Q2;
• final rules on incident and outsourcing and third party reporting expected in H1 2026;
• policy statement on motor finance redress scheme by March 2026;
• timeline and next steps for the Mortgage Rule review expected by the end of 2025;
• FCA policy statement and final rules for BNPL in Q1 2026 ahead of the regime taking effect in July;
• CCA reform response noted as being “in due course;
• further publications on regulatory requirements for the new cryptoasset regime still due by year end 2025;
• considering the impact of any post-repeal regime for Emoney and payments firms on the upcoming changes to safeguarding requirements;
• a blueprint for the digital pound still expected during 2026;
• final standards on contactless payment limit expected before the end of 2025;
• continuing work on pure protection markets;
• summer 2026 consultation on a UK captive insurance regime;
• further engagement on reform of fund manager regulation with draft legislation due in early 2026;
• consultation by end of 2025 on adapting the UK pensions regulatory framework, with further engagement throughout 2026;
• consultation in Q1 2026 on simplifying and consolidating investment advice rules with policy statement at the end of the year;
• the CCI regime taking effect in Q2 2026;
• further engagement on client categorisation in Q2 2026; and
• transfer of MiFIR provisions on transaction reporting into FCA rules in H2 2026.