Award

Senior Associate - Retail Banking Supervision

FCA

This public procurement record has 1 release in its history.

Award

02 Feb 2026 at 09:21

Award Notice
Summary of the contracting process

The Financial Conduct Authority (FCA) has awarded a contract in relation to the supervision of retail banking, specifically overseeing Santander UK's proposed acquisition of TSB. This contract falls under the industry category of "Financial market regulatory services" and utilises a selective procurement method through a call-off from a framework agreement. The procurement stage is the Award stage, concluded with BDO LLP as the supplier. Located in London, the contract period will run from 16th February 2026 to 14th August 2026, with a contract value of GBP 83,916. Important dates include the tender period ending on 21st November 2025 and the award published on 2nd February 2026.

This tender provides a substantial opportunity for firms specialised in financial regulatory services to expand their portfolio and enhance their credibility within the financial sector. Although the opportunity was not deemed suitable for SMEs or voluntary, community and social enterprises (VCSEs), it signifies robust growth potential for larger consultancies capable of navigating regulatory frameworks. Participating businesses that can deliver effective project management, regulatory coordination, and stakeholder engagement will find this tender particularly beneficial to their business growth strategy, aligning well with governmental oversight and financial compliance operations.

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Notice Information

Notice Title

Senior Associate - Retail Banking Supervision

Notice Description

RB requires a Fixed Term Contract/external consultant to support the SanUK/NI Banks Supervision team in overseeing Santander UK's proposed acquisition of TSB and supporting our inputs into the PRA's assessment of change in control (CiC) process under Part XII of FSMA. The Consultant will provide critical support across project management, regulatory coordination, and governance reporting. Key responsibilities include managing timelines aligned with PRA and firm plans, maintaining FCA-compliant records, reviewing CiC applications, and preparing internal briefings for senior decision-makers. The role also involves stakeholder engagement with PRA, FCA Legal, Authorisations, and operational teams. This resource is essential to ensure effective supervision, regulatory compliance, and timely execution of the CiC process, while maintaining high standards of governance and operational efficiency.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-dac15313-6a41-4738-a9bd-5d5e68ffa346
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a6007d05-a716-4aea-a031-29ef207fb3fd
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66152000 - Financial market regulatory services

Notice Value(s)

Tender Value
£83,916 Under £100K
Lots Value
Not specified
Awards Value
£83,916 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
2 Feb 20263 months ago
Submission Deadline
21 Nov 2025Expired
Future Notice Date
Not specified
Award Date
7 Jan 20264 months ago
Contract Period
16 Feb 2026 - 14 Aug 2026 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
FCA
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E20 1JN
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI London
Local Authority
Newham
Electoral Ward
Stratford Olympic Park
Westminster Constituency
Stratford and Bow

Supplier Information

Number of Suppliers
1
Supplier Name

BDO

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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