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Brief
On March 12, 2025, the Financial Conduct Authority issued an update regarding Update on the FCA’s enforcement transparency proposals. The authority has decided to drop its proposal to shift from an exceptional circumstances test to a public interest test for announcing investigations into regulated firms, citing lack of consensus. However, they will implement changes that have commanded wider support, including reactively confirming investigations already in the public domain and publishing greater detail of issues under investigation on an anonymous basis by the end of June.
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