When is the FCA Warning List updated?

The FCA updates its Warning List whenever it finds a firm it believes is carrying on regulated activity without authorisation, or a clone of an authorised firm. There is no fixed schedule; in practice new entries appear most weeks.

The most common routes onto the list:

1. Consumer complaints. Someone reports a firm claiming to be FCA-authorised; the FCA confirms it isn't and adds it.
2. Clone reports. An authorised firm spots another business using its name, reference number or branding; the clone is added with a note naming the real firm.
3. Referrals. Action Fraud, the police and other regulators pass on matters that fall within the FCA's remit.
4. The FCA's own monitoring of firms advertising regulated services without permission.

Because the list changes so often, check it when you take on a client or counterparty and again before you rely on them. Stratum's FCA check searches the Warning List live through the FCA Register with every firm search, so the answer is as current as the FCA's own register, and flags clones of the firm you looked up.