FCA issues updated Enforcement Guide (ENFG), effective 3 June 2025 for all new investigations, aiming to improve access to key information, boost transparency, efficiency, and regulatory clarity

Notable updates include a U-turn on publicity policy, dropping plans to name firms under investigation unless in exceptional or specified cases (e.g., unauthorised activity). It clarifies when lawyers may attend compelled interviews, limiting joint representation to avoid conflicts. The FCA also formalises its stance on accepting firm-commissioned reports under limited privilege waivers…