The UK Financial Conduct Authority (FCA) deputy chief executive, Sarah Pritchard, said on Monday that the regulator has delivered “the vast majority” of the nearly 50 pro-growth measures it outlined to the Prime Minister in January 2025.
The speech pointed to Targeted Support, which launched as a new regulated activity in April 2026 under legislation made earlier that year. Seven firms have already been approved to provide the service, and 23 more have applied for authorisation or are in the FCA’s pre-application support service (PASS).
PASS itself has expanded to more than 300 firms receiving free, tailored authorisation help.
“Of course, Targeted Support will take time to scale,” Pritchard said.
The FCA also highlighted its AI Supercharged sandbox with Nvidia, which gives smaller firms access to advanced computing power for live testing. A new Climate Scenarios Sandbox cohort is planned for later in 2026.
“Our focus on becoming a smarter, faster and more data-led regulator remains,” Pritchard said.
The regulator said it expects to bring an additional 60,000 businesses under its scope in the coming years while maintaining its current headcount of around 5,500 staff.
