FCA simplifies supervisory letters

We're making it easier for firms to find up-to-date supervisory communications on our website.

From 30 April 2025, we'll stop issuing and publishing portfolio letters. Instead, we'll publish a small number of market reports. The market reports will include communications relevant to different types of firms and insights from our supervisory work.

We'll also make it easier for firms to find up-to-date supervisory communications on our website by retiring historical portfolio letters and Dear CEO letters.

We'll clearly mark them as 'historical' and no longer current, with a few exceptions. Historical documents will remain publicly accessible at existing links.

Why we're doing this

As part of our Consumer Duty Requirements Review, we’re streamlining how we set our supervisory priorities to support our commitment to smarter, more effective regulation.

Next steps  

Until market reports are published later this year, firms should continue to refer to relevant portfolio letters and Dear CEO letters for guidance. We'll continue to review our approach to other historical communications and consider how we can routinely review outdated material.

Dear CEO Letters will still be used to address senior people management about significant issues that require action.