Wire · regulatory
FCA Enforcement Watch 2: The Consumer Duty moves into a new phase of scrutiny
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Fusion42 · 23 July 2026 · Fusion42 review
The FCA has escalated Consumer Duty enforcement from forbearance to active scrutiny, with 11 open investigations (up from six in January 2026) and 382 supervisory interventions in the last financial year. The regulator's focus is shifting from policy compliance to demonstrating that frameworks deliver good outcomes in practice, using tools like VREQs and OIREQs to restrict firm activities until deficiencies are remedied.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
The FCA just stopped giving you the benefit of the doubt. Your Consumer Duty compliance will now be judged on real outcomes, not policies on paper - and supervisory interventions can freeze customer onboarding or new fundraising until you prove it works.
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1 source · 23 Jul 2026
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