This CP sets out proposals by to make targeted changes to the reporting expected from relevant firms on their MREL, as part of a broader package of announcements on resolution-related policy by BoE and PRA.  Responses are required by 31 October 2025.

The Regulations bring ss 1 to 7 of the Bank Resolution (Recapitalisation) Act 2025 into force on 16 July 2025.

HMT has published correspondence between FSSC and HMT on the development of a financial services skills compact.

FCA has published a transcript of Nikhil Rathi’s introduction for prospective firms.

The regulators have published their response to HMT’s consultation response.

In April 2025, PRA paused the process for a modification by consent that would allow certain non-UK covered bonds under Article 11(1)(d) of the Liquidity Coverage Ratio (CRR) Part of the PRA Rulebook to be included in Level 2A High Quality Liquid Assets.  Following the publication of HMT’s policy update on applying the FSMA model of regulation to UK CRR, PRA has decided not to proceed with, or re-launch, the modification by consent process.

The interest applied to some awards FOS directs financial service firms to make is being revised to track BoE’s base (average) rate +1%.  FOS aims to introduce this change from 1 January 2026 for new complaints referred to it from that date, but will confirm plans for implementation in due course. Further details will be published in the autumn, alongside wider proposals to modernise the redress system.

Thie MoU provides a framework for and describes how the parties cooperate and consult with each other in the exercise of their roles and respective functions.

The Taskforce has published its final report, recommending a staged approach to removing paper share certificates and ultimately moving to a fully intermediated system of shareholding in the UK.  The Government’s response has been published alongside this.

HMT has published a policy note and SI relating to plans to improve the availability and affordability of help with financial decision-making which will be enacted through changes to the RAO.  Comments on the draft SI are required by 29 August 2025.