UK Financial Regulation

FCA AI Guidance — UK Financial Services AI Compliance

The Financial Conduct Authority's AI guidance sets expectations for how UK-regulated financial firms should develop, deploy, and govern AI. Norivo is the only platform with native FCA AI coverage.

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25Requirements

5Supervisory Themes

OnlyPlatform with FCA AI Coverage

What is FCA AI Guidance?

The FCA's approach to AI in financial services is built on its existing regulatory framework, with additional expectations around AI-specific risks. The guidance covers five supervisory themes: governance, data management, model risk, consumer outcomes, and third-party dependencies.

For FCA-regulated firms, AI governance isn't optional — it's a regulatory expectation. The FCA has made clear that firms using AI must be able to explain how their AI systems work, demonstrate fairness, and maintain appropriate human oversight. Senior managers can be held personally accountable under the Senior Managers and Certification Regime (SM&CR).

Norivo is the only compliance platform that maps the FCA's AI guidance natively. While other platforms focus on EU or US regulations, Norivo covers the unique requirements of UK financial services, including the intersection with Consumer Duty, SM&CR, and operational resilience rules.

Why Norivo for FCA AI Guidance?

Purpose-Built for UK FinServ

No other platform maps FCA AI guidance natively. Norivo covers all 5 supervisory themes out of the box.

SM&CR Aligned

Map AI responsibilities to Senior Managers. Demonstrate accountability for AI governance to FCA supervisors.

Consumer Duty Integration

Cross-map FCA AI guidance requirements with Consumer Duty obligations. One evidence base, dual compliance.

Key Requirements

AI governance framework and accountability (Theme 1)

Board and senior management oversight (Theme 1)

SM&CR responsibilities for AI (Theme 1)

Data quality and integrity for AI inputs (Theme 2)

Data bias detection and mitigation (Theme 2)

Model validation and testing (Theme 3)

Model risk management framework (Theme 3)

Explainability and transparency (Theme 3)

Consumer outcome monitoring (Theme 4)

Fair treatment and non-discrimination (Theme 4)

Consumer Duty alignment (Theme 4)

Third-party AI vendor due diligence (Theme 5)

Outsourcing and concentration risk (Theme 5)

Operational resilience for AI systems (Theme 5)

How Norivo Helps

Map your AI portfolio

Assess against 5 themes

Structured assessment against governance, data, model risk, consumer outcomes, and third-party themes.

Link to SM&CR accountability

Map AI responsibilities to Senior Managers. Generate accountability statements and governance reports.

Demonstrate compliance

Generate FCA-ready documentation including governance reports, model risk assessments, and consumer outcome analyses.

Get FCA AI Guidance Compliant

Get set up by our team in under 48 hours.