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‘Dear CEO’ letters to be retired next month, UK FCA says

By Phoebe Seers ( April 24, 2025, 13:43 GMT | Insight) -- The UK’s financial services watchdog has promised to stop issuing portfolio letters — sent to groups of firms in similar business sectors warning them to take action or to refrain from certain actions — from April 30. The letters, so-called because they're sent to a portfolio of firms, are unpopular, particularly with smaller firms, which have complained that they add to the piecemeal nature of financial services regulation.The UK’s Financial Conduct Authority has promised to stop issuing letters to groups of firms in similar business sectors warning them to take or refrain from taking certain actions, from April 30....

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