New article · August 2026 · Financial services
How Do FCA-Regulated Firms Handle Multi-Entity Consolidation?
The FCA's 2026 wealth management survey found that 41% of firms planned to acquire. I used that finding to explain what growth through acquisition means for group reporting, publishing the article three days after the survey came out.
For an FCA-regulated group, multi-entity consolidation is two jobs on different scopes, and client money sits outside both. Statutory group accounts under FRS 102 cover one set of entities; the FCA’s consolidated situation under MIFIDPRU covers another.