Regulatory Alerts2024-02-26
Added · Updated
PS25/5: Our Enforcement Guide and greater transparency of our enforcement investigations
The revised Enforcement Guide (ENFG) comes into force on 3 June 2025, streamlining the previous version while retaining the existing exceptional circumstances test for publicising investigations into regulated firms. The policy now permits three specific instances where the regulator may announce investigations without meeting that test: naming subjects of investigations into suspected unauthorised activity or criminal offences related to unregulated activity; reactively confirming an investigation if the fact is already public; and sharing information on an anonymised basis. These changes apply to firms under regulatory oversight, individuals working in such firms, and unregulated entities, while the proposal to introduce a broader public interest framework for named announcements of regulated firms was withdrawn.
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