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Cards Wire 3 segments
HMT HM Treasury Source document ↗
United Kingdom HM Treasury Governance & Accountability ✓ 13 claims 23 Oct 2026

Ministry of Justice adds four major-project assessments to GMPP transparency page

HM Treasury and the Ministry of Justice refreshed the page listing accounting officer assessment summaries for MOJ projects in the Government Major Projects Portfolio. The update adds several 2026 entries, including a batch dated 26 February 2026 and a further Accelerated Houseblocks Delivery Programme addendum on 12 October 2026. For anyone tracking public spending governance, it is a window into how departments evidence regularity, propriety, value for money and feasibility.

  • The page was first published on 25 July 2019 and was last updated on 12 October 2026 with an Accelerated Houseblocks Delivery Programme: Programme Business Case 3 Addendum.
  • The 26 February 2026 batch lists four items: the Future Voice Service Full Business Case, the HMP Norwich Major Refurbishment Project, a Programme Business Case 3 Addendum for HMP Wayland, and the Community Support Programme.
  • Departmental accounting officers must assess every GMPP project against regularity, propriety, value for money and feasibility.
  • The Accelerated Houseblocks Delivery Programme appears twice in 2026, with Programme Business Case 3 Addendum entries on 26 February 2026 and 12 October 2026.
Source document
BOE Bank of England Source document ↗
United Kingdom Bank of England Governance & Accountability ✓ 19 claims 22 Oct 2026

PRA and FCA plan to scrap pre-approval for most senior manager roles

The PRA and FCA have opened consultations to strip back the Senior Managers and Certification Regime, removing regulator pre-approval for many functions and scrapping the Certification Regime entirely for roles below senior manager level. This covers what changes, what stays, and the consultation deadline compliance and HR teams need to track.

  • The PRA and FCA opened parallel consultations on 22 October 2026 to streamline SM&CR, with feedback invited until 22 January.
  • Regulator pre-approval will be removed for roles including Chief Actuaries and Chairs of Risk and Audit Committees, replaced by firm notification.
  • The Certification Regime will be scrapped for around 139,000 individuals below senior manager level, removing them from annual checks and the Financial Services Register.
  • The reforms are expected to reduce PRA SM&CR pre-approvals by 43% and halve the overall burden of the PRA regime.
  • CEOs, CFOs and Chairs will continue to require regulator pre-approval and fit and proper tests before appointment.
Source document
FCA FCA Publications Source document ↗
United Kingdom FCA Publications Governance & Accountability ✓ 22 claims 22 Oct 2026

FCA proposes scrapping Certification Regime in second phase of SM&CR overhaul

The FCA has opened CP26/37, the second phase of its Senior Managers and Certification Regime review. It proposes removing the Certification Regime, retiring the Directory of certified persons, cutting the number of Senior Management Functions and raising the thresholds for the Enhanced regime. The consultation closes on 22 January 2027, with final rules expected in the first half of that year.

  • The consultation opened on 22 October 2026 and closes on 22 January 2027, with final rules expected in the first half of 2027.
  • The FCA proposes removing the Certification Regime and retiring its Directory of certified and assessed persons.
  • Certain Senior Management Functions would be removed and other roles made notified, while Enhanced regime thresholds would be raised.
  • Firms would no longer make ongoing submissions of Statements of Responsibilities and Management Responsibilities Maps, and Conduct Rule breach reporting thresholds would rise.
  • The regime binds all firms currently in scope, including third-country branches, and firms due to enter scope such as cryptoasset firms.
Source document