meta_id 3281771

On June 30, 2026, the Financial Conduct Authority (FCA) launched a consultation on non-Handbook guidance (NHG) to accompany Chapter 7 of COREPRU, the integrated prudential sourcebook covering core prudential requirements for FCA-regulated firms. The consultation, reference GC26/4, seeks feedback on guidance clarifying FCA expectations around the purpose and scope of the overall risk assessment—a continuous process firms must undertake to ensure they hold adequate financial resources. The overall risk assessment requires firms to scrutinise their business model, strategic direction, material risks, and resource requirements in an integrated manner. The proposed guidance sets out FCA expectations that firms should conduct a comprehensive assessment beginning with their business model and risk identification, articulate a clear risk appetite, evaluate whether systems and controls effectively mitigate risks, and assess whether additional financial resources are needed. The guidance covers assessment of adequate resources for both ongoing operations and orderly wind-down without causing material harm to customers or markets. It emphasises that assessments should be proportionate to the nature, scale and complexity of the firm's business, forward-looking, and embedded within strategic decision-making. The guidance also addresses documentation requirements, stress testing approaches, and the FCA's Supervisory Review and Evaluation Process (SREP), through which the FCA reviews firms' overall risk assessments and may impose corrective actions. The consultation period runs from June 30, 2026 until July 30, 2026. Responses should be submitted via the FCA's website or by email to gc26-4@fca.org.uk. The FCA plans to publish final non-Handbook guidance by September 30, 2026. This guidance builds on Policy Statement PS26/12, which finalised the prudential regime for cryptoasset firms.