FCA Fines February 2026: Complete Monthly Tracker
February 2026 FCA enforcement activity is being tracked live — following January's five individual actions totalling £2.52 million, February is expected to bring firm-level penalties in Consumer Duty, operational resilience, and AML. This page is updated as new penalties are announced, providing a comprehensive record of the Financial Conduct Authority's enforcement activity this month.
February 2026 at a Glance
Following January's exclusive focus on individual accountability — five actions totalling £2.52 million, all targeting individuals for market abuse and dishonest conduct — February 2026 is expected to see the FCA expand its enforcement scope. The regulatory pipeline suggests firm-level penalties may return this month, particularly in areas where the FCA has signalled heightened scrutiny: Consumer Duty compliance, operational resilience, and anti-money laundering controls.
Confirmed Enforcement Actions — February 2026
Week 1 (1–7 February)
The FCA opened the month with continued focus on market integrity. Early February typically sees the conclusion of cases that entered the Decision Notice stage in late Q4 of the previous year, as settlement negotiations and Regulatory Decisions Committee processes reach their conclusions.
Compliance teams should note that the FCA's enforcement division operates on quarterly planning cycles, with February sitting at the mid-point of Q1 2026. Cases referred for enforcement during the summer of 2025 are now reaching the stage where public outcomes become likely.
Week 2 (8–14 February)
The second week of February historically sees increased enforcement activity as the FCA completes its early-year case reviews. Any actions delayed by the holiday period are typically published during this window.
Week 3 (15–21 February)
Mid-month enforcement actions tend to include a mix of contested and settled cases. The FCA's publication schedule aims to distribute announcements throughout the month to maximise media coverage and deterrent effect.
Week 4 (22–28 February)
End-of-month publications often include cases where settlement discounts apply, as firms and individuals finalise agreements to resolve matters before the quarter end.
Monthly Running Total
| Metric | Value |
|---|---|
| ------ | ----- |
| Total Fines | Updated as announced |
| Number of Actions | Updated as announced |
| Firms Fined | Updated as announced |
| Individuals Fined | Updated as announced |
Context: How February Compares
February has historically been a moderate month for FCA enforcement. Over the past five years, February has produced an average of 3-5 enforcement actions. The largest February fine in recent history was the £116 million penalty issued to Citi in February 2015 for FX trading failures.
Key Themes to Watch
Consumer Duty enforcement remains the most anticipated regulatory development of early 2026. The FCA has had over two years of supervisory data since the Consumer Duty came into force in July 2023, providing ample evidence to support enforcement action against firms delivering poor outcomes.
Operational resilience requirements became fully embedded in March 2025, and the FCA's tolerance for firms that treated implementation as a paper exercise is wearing thin. February could see the first enforcement actions specifically linked to operational resilience failures.
Cryptoasset compliance continues to generate enforcement risk. Firms operating without proper FCA registration or failing to comply with the financial promotions regime for crypto face action from both the FCA's Enforcement and Authorisations divisions.
Compliance Implications
For compliance professionals monitoring FCA enforcement in real-time, February 2026 offers several practical considerations. Review your firm's exposure to the key themes identified above. Ensure your board and senior managers are briefed on current enforcement trends. Check that your incident reporting and regulatory notification procedures are functioning effectively — the FCA's supervisory approach increasingly relies on firms self-reporting issues promptly.
This page will be updated throughout February 2026 as new enforcement actions are published. For a complete historical view of all FCA fines, explore our interactive dashboard.