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PS26/6 and the HMT AR regime consultation overview

AR network, Principal Firms

PS26/6 and the AR-into-SM&CR consultation: what principal firms should be doing right now

Two reform tracks landed on UK principal firms within four days of each other in April 2026. What PS26/6 and the HMT AR consultation mean operationally, and how to close the gap before the supervisory cycle bites.

4 Jun 2026

Principal firm with a 54-AR network hierarchy

AR network

Twenty plus AR networks: why the 54-AR principal firm pattern matters

A principal firm with twenty or more appointed representatives sits in the most operationally complex band of the UK AR market. Why the manual model breaks, what the FCA now expects, and the three structural shifts the 54-AR pattern shows.

2 Jun 2026

Five coverholder oversight risk patterns

Lloyd's

Coverholder oversight in the 10 to 20 binder band: where the operating model is breaking, and what fixes it

Managing agents with 10 to 20 coverholders sit in the most operationally complex part of the Lloyd's market. Three areas where the current operating model breaks under MOP 2026 and the LMA audit refresh, and what closes the gap.

28 May 2026

Lloyd's Market Oversight Plan 2026 cover

Lloyd's, Coverholders

Why annual coverholder reviews fail half the time, and what continuous oversight looks like

The annual coverholder review fails half the time. Lloyd's MOP 2026, the LMA audit scope refresh, and the bordereaux v5.2 standard all push toward a continuous evidence base. What that operating shift looks like in practice.

26 May 2026

FILTER

resources · briefings

Operational notes for the first line at regulated firms.

Two long-form briefings a week, written by an operator. Each piece anchors on a dated regulator publication, names a real operational pattern, and ends with what to do about it. Operational, not theoretical.

Cadence: Tuesday & Thursday 

Newsletter: RiskOps Briefing, fortnightly

Want to walk a real problem through the operating layer?

Bring us a problem from your last attestation, audit, or board paper. We will walk it through with you and show you how it lands in the operating layer.

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