The enforcement website and recent announcements
Alongside the changes made to the Enforcement Guide, the FCA has revamped its website to reflect publicising at the investigation-stage.
By filtering for “Enforcement investigations” within the News section of the FCA’s website, market participants can now view those investigations the FCA has chosen to announce publicly. This makes it easier for the market to identify and track those cases where the FCA has decided to depart from its default position of confidentiality.
Since late 2025 and into early 2026, the page has been populated with announcements spanning a range of contexts, including:
• Investigation into John Wood Group (27 June 2025) - a short statement confirming that the FCA has opened an investigation following the company’s own market announcement via RNS.
• Investigation into Drax Group (28 August 2025) - similarly framed as confirmation of an investigation following prior public disclosure by the company.
• Investigation into Moneda Capital Group (15 October 2025) - a statement announcing an investigation into a group of entities, naming associated firms and individuals and providing contact details for potentially affected investors.
• Investigation into WH Smith (19 December 2025) - confirmation of an investigation concerning potential breaches of UK Listing Principles and Rules and Disclosure and Transparency Rules in relation to matters previously disclosed by the company.
• FCA opens investigation into The Claims Protection Agency (2 January 2026) - announcement of investigation into TCPA following concerns about its advertising and sales tactics in relation to potential motor finance claims. The announcement includes ‘Notes to editors’ setting out further background, including to the court proceedings covered above.
From this, it is apparent that several announcements concerning listed issuers are framed as reactive confirmations following prior market disclosures. Further, announcements concerning non-listed firms are often framed in explicitly consumer-protective terms, emphasising the need to alert customers and explaining why naming is considered necessary.
The launch of the Enforcement Watch newsletter (first published on 28 January 2026) further highlights naming decisions.
All of this effectively amplifies what the FCA is doing, which would be an important factor in the FCA's thought process in naming.
