How we communicate with firms

We communicate with the firms we supervise to set out:  

• Our views of how firms and markets are performing.
• Our approach, priorities and expectations of firms.

How we communicate

We use a range of channels to share our supervisory expectations and concerns with firms, including:

• Publishing our monthly 'Regulation Round-up' email or 'Market Watch[1]' newsletter.
• Writing to or calling firms directly from our supervisory teams.
• Hosting industry roundtable events.
• Speeches[2] from senior FCA staff.
• Engaging with firms at public events.  
• Using social media platforms such as X and LinkedIn.

Regulatory Priorities reports

We've moved away from issuing multiple portfolio letters to a clearer, more consistent model for setting and sharing our supervisory priorities. You can read more about this in our strategy (PDF)[3]. 

Our annual Regulatory Priorities reports[4] give a transparent view of the key risks, priorities and areas of focus in each market. Setting out our expectations in one place makes it easier for firms to understand what we expect and where to focus.

Dear CEO letters

We send Dear CEO letters when we need to raise significant issues directly with a firm's leadership and act quickly.

See all Dear CEO letters[5]

The Dear CEO letters listed below pre-date April 2022 but contain current supervisory expectations that remain relevant.

Historical letters

We've marked most supervisory correspondence issued before April 2022 as 'historical', meaning it is no longer current.

This makes it easier for firms to find supervisory communications that set out our current views. 

We do not expect your firm to refer to these historical letters when interpreting our current supervisory expectations. We have kept them publicly available for reference.

See our historical correspondence[12]