Global Regulation Tomorrow

On 21 October 2026, the FCA published Consultation Paper 26/36: Cryptoasset perimeter guidance (CP26/36).

Background

From 25 October 2027, the Financial Services and Markets Act (FSMA) 2000 (Cryptoassets) Regulations 2026 will introduce new regulated activities for cryptoassets into the FCA’s perimeter.

In September 2026, the FCA

On 21 October 2026, the Financial Conduct Authority (FCA) issued Guidance Consultation 26/7: Decentralised finance guidance (GC26/7).

Background

The FCA is aware that firms are increasingly using decentralised finance (DeFi) to provide financial services. It is now consulting on non-Handbook guidance to help firms

The FIA's European Agent-Trustee Model (EATM) represents one of the most significant recent developments in the European OTC derivatives clearing market. Launched at LCH Ltd in December 2025, the EATM offers clients and clearing members an alternative to the principal-to-principal clearing framework. In this Briefing Note, we

Prediction markets continue to attract significant global attention. As trading volumes in prediction markets continue to grow, a number of regulatory questions are being raised across jurisdictions. In the UK, the Financial Conduct Authority and the UK Gambling Commission have provided some clarity on their respective positions on prediction markets

On 20 October 2026, the European Securities and Markets Authority (ESMA) issued a final report on regulatory technical standards (RTS) on the requirements for Post-Trade Risk Reduction (PTRR) services for the purpose of the clearing obligation exemption under the European Market Infrastructure Regulation (

Introduction

It is interesting that the FCA has sought to amplify its guidance in relation to the execution of transactions by branches in CP26/34. However, there is a good argument that the new guidance creates more questions than answers when read alongside the guidance contained in PS26/15.

Whilst

On 19 October 2026, the European Securities and Markets Authority (ESMA) issued a final report on draft regulatory technical standards (RTS) amending Commission Delegated Regulation 153/2013 in relation to public guarantees, public bank guarantees and commercial bank guarantees as collateral and in relation to certain aspects

On 19 October 2026, the Financial Conduct Authority (FCA) published a new webpage setting out good practice and areas for improvement in artificial intelligence (AI) in financial services.

Examples

The examples provided by the FCA identify common themes and developing practices which are relevant to

On 14 October 2026, the Australian Securities and Investments Commission (ASIC) issued the results of its second review into the financial reporting and audit of superannuation funds. In Report 841 Accounting for your super: Super fund financial reporting and audit 2025–26 (REP 841), ASIC’s review of

On 16 October 2026, the Basel Committee on Banking Supervision (Basel Committee) published final amendments to address window dressing in the global systemically important bank (G-SIB) framework and a consultation on the G-SIB methodology review. The final amendments follow a consultative document that the Basel Committee issued in

On 16 October 2026, the European Securities and Markets Authority (ESMA) published a Final Report setting out revised guidelines under the Central Securities Depositories Regulation (CSDR) on standardised procedures and messaging protocols used between investment firms and their professional clients.

Background

Article 6(2) of the CSDR

On 16 October 2026, the European Securities and Markets Authority (ESMA) issued a Final Report setting out revised Market Abuse Regulation (MAR) guidelines on the delay in the disclosure of inside information.

Background

The Final Report follows a consultation that ESMA issued on the guidelines in

Our podcast mini-series on the ‘UK Asset Management Framework Reforms’ examines the FCA’s highly anticipated consultation papers published on July 14, 2026, setting out a proposed package of reforms intended to tailor requirements more proportionately for asset managers.

Dive into the series below:

• UK Asset Management Framework Reforms

• Investor disclosures

On 16 October 2026, the Financial Conduct Authority (FCA) published a feedback statement on expanding consumer access to investments (FS26/3).

Background

The FCA sets out that FS26/3 summarises the responses it received to its Discussion Paper (DP25/3) published in December 2025 and how and

On 15 October 2026, the Payment Systems Regulator (PSR) published a consultation paper (CP) on the regulatory framework for access to payment systems.

Background

HM Treasury (HMT) plans to repeal the payment system access regime in the Payment Services Regulations 2017 (PSRs 2017

On 15 October 2026, the Digital Regulation Cooperation Forum (DRCF) issued a call for input on its workplan for 2027 to 2028.

The DRCF comprises of four UK regulators – the Competition and Markets Authority, the Office of Communications, Information Commissioner’s Office and Financial Conduct Authority – which

On 15 October 2026, the Financial Stability Board (FSB) published a final report setting out 12 sound practices to facilitate responsible artificial intelligence (AI) adoption by financial institutions. The final report includes case studies illustrating the benefits that financial institutions have reported and how some sound

On 15 October 2026, the European Securities and Markets Authority (ESMA) updated its manual on pre-trade and post-trade transparency under MiFID II/MiFIR.

The updated manual provides further guidance on the identification of over-the-counter (OTC) derivatives subject to transparency requirements, clarifies how the identifying reference data

On 15 October 2026, the Financial Conduct Authority (FCA) published a new webpage setting out good practices and areas where contracts for difference (CFD) firms could do more to meet their Consumer Duty price and fair value obligations.

Background

In November 2025, the FCA published its

On 15 October 2026, the Bank of England (BoE) published a consultation paper (CP) seeking views on its proposals for updated rules that would permit central counterparties (CCPs) to accept uncollateralised letters of credit (LOCs) as collateral as well as the risk