Jonathan Peddie and Raymond Cox KC join FCA’s key Regulatory Decisions Committee
The Financial Conduct Authority (FCA) has appointed two new members to its Regulatory Decisions Committee (RDC), strengthening the body responsible for key enforcement decisions.
Jonathan Peddie and Raymond Cox KC have been selected by the FCA Board to join the committee, with the appointments announced on 27 April 2026.
The RDC plays a central role within the FCA’s governance framework. It is responsible for taking certain regulatory decisions on behalf of the regulator, particularly in cases involving contested enforcement action. The committee operates independently from the FCA’s investigation teams, ensuring that decisions are made fairly and based on evidence.
Members of the RDC are drawn from a range of professional backgrounds, including legal, financial services, and consumer sectors. Their role is to provide independent scrutiny and judgment in enforcement matters, contributing to the integrity of the regulatory process.
Alison Potter, chair of the committee, said the new appointments would strengthen its overall capability. She stated that both appointees bring significant expertise in legal and financial services matters, as well as experience in regulatory enforcement.
The FCA said the appointments are intended to complement the existing membership and support the committee’s effectiveness in decision-making. The RDC’s responsibilities include reviewing cases where firms or individuals challenge proposed regulatory actions, making it a key part of the FCA’s enforcement structure.
The committee operates as an FCA Board committee but remains operationally separate from the rest of the organisation. This separation is designed to ensure impartiality in its decisions, particularly in complex or contested cases.
Jonathan Peddie and Raymond Cox KC join a group of members drawn from across business, industry and consumer backgrounds. Their appointments reflect the FCA’s continued focus on maintaining a decision-making process that is both independent and informed by a wide range of expertise.
The FCA has not provided further details about the specific roles the new members will undertake within the committee, but confirmed that they will contribute to its work in assessing enforcement cases and regulatory outcomes.
The announcement highlights the importance of the RDC in supporting the FCA’s broader objective of ensuring fair and transparent regulation across financial markets.