Insights

The FCA’s Policy Statement PS25/14 (published on 15 October 2025) marks a decisive evolution in the prudential landscape for FCA regulated MIFIDPRU investment firms. The reforms introduce a rebuilt capital definition section that sits entirely inside MIFIDPRU 3, replacing the historically fragmented and cross-referenced system that tied investment firms to an outdated version of the UK Capital Requirements Regulation (UK CRR).

The FCA has been consulting on major changes to the Senior Managers & Certification Regime (SM&CR) to make it more efficient and proportionate, while preserving its core principles of accountability and conduct. These proposals aim to reduce administrative burdens, speed up processes, and support the UK’s competitiveness as a global financial centre.

The UK Financial Conduct Authority (FCA) has taken a decisive step towards regulating cryptoassets, publishing three major consultation papers—CP25/40, CP25/41 and CP25/42—that together will form the backbone of the future UK crypto regulatory framework.

We are delighted to announce that Foxtons have acquired FleetMilne (Birmingham) Limited (FleetMilne).

After working on hundreds of transactions with entrepreneurs, Matthew Katz has seen the same pattern repeat itself: Deals rarely fail for one dramatic reason, instead, they wear down under pressure. In this conversation, Matt explains the three most common sources of friction he encounters, (below forecast trading, poor information, and founder pressure), and what sellers can do to keep control when it matters most.

While acquisitions create the opportunity for value, it is ultimately the exit that determines whether it is realised. In our experience, many searchers spend years focused on growth without a clear plan of how they will realise the value they have worked so hard to create.

Essex Services Group Limited (ESG) is a mechanical, electrical and plumbing (MEP) services contractor based in Essex and Central London. The company covers commercial, retail, residential, public, education and technology sectors, providing full MEP service from design to installation.

Receiving a letter or notice of enquiry from HMRC may feel overwhelming for some. Many individuals and businesses react instinctively, often making decisions that can worsen their position. Understanding the first steps to take when receiving a letter or notice of enquiry from HMRC is crucial, and seeking specialist advice early can significantly improve outcomes.