The latest OTA update for Samsung Galaxy S21 FE comes with the firmware version G990BXXS1BVB3. It has started to roll out in Europe and is expected to reach Asia, Africa, and South America soon. The February 2022 security patch update is unlikely to bring any new features. Through, it might include general bug fixing and device stability improvements. The February 2022 security patch for Samsung phones fixes 2 critical, 29 high, and 15 moderate levels of vulnerabilities to improve system security and privacy. 

Samsung Galaxy S21 FE users in Europe should receive a notification for the latest update. It might take a couple of days to reach all users. Those who have not received it yet can manually update their phones by navigating to Settings » Software updates » Download and install. Samsung released the Galaxy S21 FE earlier this year with Android 12 source

Samsung Galaxy S21 FE gets February 2022 security patch update - 97