The FCA Moves to Consolidate Conflicts of Interest Frameworks  


    The FCA’s latest consultation paper (CP25/36) proposes a major rationalisation of conflicts of interest rules under SYSC 10 and SYSC 3. While these changes do not alter substantive obligations, they aim to streamline overlapping requirements from MiFID, AIFMD, IDD, and UCITS, reducing complexity for firms operating across multiple business lines.      

    This guide explains what’s changing, why it matters, and how firms can prepare for policy updates without disruption.  

    What’s Inside  

    • Summary of FCA’s proposed SYSC 10 rule changes and their practical implications. 
    • Key terminology harmonisations and what they mean for your conflicts framework. 
    • Impact on firm types including AIFMs, insurance distributors, and third-country firms. 
    • Operational considerations for compliance teams, including gifts and benefits policies. 
    • Recommendations for next steps, including consultation response deadlines.  

    Why It Matters  

    Although the FCA stresses these changes are rationalisation only, firms will need to update policy references and ensure frameworks remain coherent and proportionate. This guide helps you navigate the transition with clarity and confidence.  

    Fill out the short form to access the guide and ensure your conflicts of interest framework is ready for the FCA’s streamlined rules.  

     

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