This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

UK financial firms set to have fee for late regulatory returns slashed

( December 5, 2025, 12:04 GMT | Official Statement) -- MLex Summary: The UK financial watchdog has said it wants to reduce the administrative fee that firms have to pay for late or overdue regulatory returns from £250 to £100 to make the regime "fairer" particularly for smaller firms and those with limited resources. The reform is included in a consultation launched on Friday by the Financial Conduct Authority that also seeks to remove three data collections for insurance firms. The watchdog said the proposals demonstrate "a smarter approach to regulation." It noted that in the two decade since the fees came in, compliance with reporting deadlines has increased from 60 percent to 94 percent. Statement is attached....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Documents

Related Sections