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FCA updates guidance for insolvency practitioners on approach to insolvencies of regulated firms

Published on: 28 April 2025
Published by LNB News

LNB News 28/04/2025

Document Information

Issue Date: 28 April 2025

Published Date: 28 April 2025

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

The Financial Conduct Authority (FCA) has updated its non-Handbook guidance for insolvency practitioners (IPs) on how to approach insolvencies of regulated firms. Finalised guidance FG25/2 follows a March 2024 consultation GC24/1, and aims to help IPs comply with the FCA’s rules and guidance, and relevant legislation, to achieve better outcomes for consumers and market participants when a regulated firm fails.

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