Analysis

Opinion: FCA flexing trigger finger around section 166 driven enforcement

By 2025-05-14T06:00:00

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Consultancy’s freedom of information request reveals direct cost impact of section 166 reporting, providing further impetus for firms to get a handle on regulatory admin

The FCA means business.

After publishing a new five-year strategy in March 2025 and confirming its work to establish an extended footprint in the US and Asia-Pacific in April, a further trend supporting the regulator’s drive to be more proactive and deliberate is its increased usage of section 166 of the Financial Services and Markets Act 2000.

According to experts from regulation consultancy Sicsic Advisory, the FCA has been “much more active using the tool” as part of its enforcement armoury.

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