We summarise feedback on our artificial intelligence (AI) Live Testing.
Read the Feedback Statement (FS25/5) (PDF)[2]
Applications for AI Live Testing are open[3] until 15 September 2025. See our Terms of Reference[4] for more details.
We are launching AI Live Testing, where firms can work directly with our regulatory and technical teams, getting tailored support to develop, assess and deploy AI systems live in UK financial markets.
This will include exploring output-driven validation and other methods to evaluate the impact of AI system use in UK financial markets.
We asked for feedback on the potential benefits, opportunities and challenges raised by our proposals.
We received 67 responses to our Engagement Paper[5], representing a broad range of views from regulated and unregulated firms, civil society, academia, big tech and AI testing experts.
This Feedback Statement is relevant to anyone interested in our AI Live Testing proposals and our approach to AI more generally. For context, the Engagement Paper specifically invited the views of:
Applications for the first cohort[6] of AI Live Testing close on 15 September 2025.
We will start working with firms in the first cohort from October.
Applications for the second cohort will open before the end of 2025.
We will publish an evaluation report on AI Live Testing after 12 months.
Insights from AI Live Testing may also inform other areas of our work, such as our international engagement, and feed into our publications.
In April 2025, we published an Engagement Paper[5] on our proposals for AI Live Testing.
AI Live Testing is part of our AI Lab[6].
Our goal is to give firms the confidence to deploy AI systems in a way that drives growth and delivers positive outcomes for UK consumers and markets. We also want to work with industry to better understand potential AI risks and explore effective mitigation strategies, to support the FCA’s regulatory and supervisory approach to safe and responsible AI adoption in UK financial markets.
AI Live Testing supports the UK Government’s AI Opportunities Action Plan[7], published in January 2025. The AI Opportunities Action Plan aims to help drive UK economic growth and efficiency with 50 recommendations for how the UK can shape the future of AI.
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