Enforcement highlights include further criticism levied by the Upper Tribunal on the FCA, which will impact how they run proceedings in future. We have also seen the conclusion of the non-financial misconduct matter, Frensham, with the SMCR implications that will have. As for what is On the Horizon, the new proposed consumer duty shows that consumer protection remains at the heart of financial markets. Whilst the FCA's consultation on "streamlining" decision making gives rise to some real concerns.