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HMG is鈥痩aunching a听call for听evidence to seek industry鈥檚 views on how UK听financial听sanctions regulations听on ownership and control are applied in practice, including how firms implement the听regulations听and where they face challenges.鈥�鈥�听

We are asking firms, representative听bodies听and other interested stakeholders to share evidence and practical examples of:听

• How often听鈥榟ypothetical control鈥櫶齣s present in real financial sanctions cases;听

• The impact it has on compliance costs, legal听risk听and business decisions (including de-risking);听

• Whether existing legal concepts and typologies of control are helpful in applying ownership and control regulations.听听

This听information听will help us understand whether the current approach is as clear,听effective听and proportionate as it should be, so that sanctions听remain听tough on those they target while being workable for legitimate businesses.听

How to respond

OFSI is keen to hear from a wide range of stakeholders in response to the consultation, including businesses, financial institutions, legal and compliance professionals, civil听society听and other interested parties.听听

This Call for Evidence goes live on听Monday 16^th听February 2026听and will be open for nine weeks. Responses will be accepted until听11:59pm on Monday 20^th听April 2026.听

If you cannot respond via the online form, you may send your response by email to听oc-callforevidence@hmtreasury.gov.uk听

Please听state听whether you are responding as an individual or听representing听the views of an organisation, business, or representative body.

Privacy notice

Click here to view the privacy notice for the听call for听evidence,听which sets out how HM Treasury will use your personal data and explains your rights under the General Data Protection Regulation (GDPR) and the Data Protection Act 2018 (DPA).