Global Regulation Tomorrow

On 22 September 2026, there was published in the Official Journal of the EU, a Corrigendum to Directive (EU) 2023/2225 of the European Parliament and of the Council of 18 October 2023 on credit agreements for consumers and repealing Directive 2008/48/EC.

On 22 September 2026, the Bank of England (BoE) issued a consultation paper on its fees regime for recognised payment systems and specified service providers supervision 2026/27.

The consultation paper is relevant to operators of recognised payment systems and specified service providers that currently pay financial market infrastructure

On 22 September 2026, the EU Platform on Sustainable Finance published its response to the European Commission (Commission) Consultation on the Taxonomy Disclosures Delegated Act.

Background

On 4 March 2026, the Commission sent the European Supervisory Authorities (ESAs) a call for technical advice to inform the

On 21 September 2026, the Australian Securities and Investments Commission (ASIC) released Report 839 (ASIC's review of sustainability reports lodged for 31 December 2025 (REP 839)), together with an accompanying media release, setting out its observations from a review of 40 sustainability reports lodged by

This podcast mini-series on the ‘UK Asset Management Framework Reforms’ examines the FCA’s highly anticipated consultation papers published on 14 July 2026, setting out a proposed package of reforms intended to tailor requirements more proportionately for asset managers. This podcast in the series focuses on two chapters of CP26/28, chapter

In the latest episode of our Split the Difference podcast series we examine the Financial Conduct Authority’s highly anticipated policy statement on the consolidated tape provider regime for equities and ETFs, which was published in the end of July, and its similarities and differences to the EU regime.

Listen to

The new Value for Money regime will put defined contribution (DC) arrangements under the spotlight, requiring trustees and providers to publish ratings based on investment performance, asset allocation, costs and service quality. Our latest briefing explains how the new assessment will work, what the different ratings mean in practice and

On 21 September 2026, the European Commission (Commission) published for consultation a draft Delegated Regulation amending the regulatory technical standards (RTS) laid down in Commission Delegated Regulation (EU) 2016/1052 as regards the conditions applicable to buy-back programmes and stabilisation measures.

Background

The European Securities and Markets

On 18 September 2026, a correction to the Financial Services and Markets Act 2000 (Regulated Activities etc) (Amendment) (No 2) Order 2025 (the Order) was laid before Parliament and published on legislation.gov.uk.

The correction makes minor amendments to article 2(4) of the Order, replacing "the Act" with "the

On 18 September 2026, the Treasury Committee published the Government and Financial Conduct Authority (FCA) responses to its Financial Inclusion Strategy.

Summary

Government response

The Government sets out its responses to the Treasury Committee’s recommendations as follows:

• Recommendation 1 - Publish a fuller analysis of financial exclusion:

On 18 September 2026, the European Central Bank (ECB) published a guide to licence applications.

The guide is intended to be a practical tool and applies to all applications for a licence to become a credit institution under the Capital Requirements Regulation, including, but not limited to,

On 18 September 2026, the European Banking Authority (EBA) issued a Final Report on guidelines on the sound management of third-party risk regarding non-ICT services.

In the Final Report, the EBA provides its response to feedback on its earlier consultation on the guidelines and sets out the final

On 17 September 2026, the Financial Conduct Authority (FCA) published its findings in relation to good practice and areas for improvement in payments firms’ approaches to supporting consumers in vulnerable circumstances.

Background

The FCA explains that the Consumer Duty sets a high standard for retail consumer

On 17 September 2026, the Financial Conduct Authority (FCA) published its feedback statement (FS26/2) in relation to supporting small and medium-sized enterprises (SME) access to finance.

Background

In March 2026, the FCA launched its work to understand how FCA regulation affects SME access to

On 17 September 2026, the House of Lords Financial Services Regulation Committee (Committee) announced the launch of an inquiry into regulatory sandboxes.

The Committee have launched this inquiry to examine how regulators and firms use regulatory sandboxes and whether they are successful in driving innovation. According to Chairman of the

On 17 September 2026, the European Commission adopted a Commission Delegated Regulation (EU) supplementing the Capital Requirements Directive IV with regard to regulatory technical standards (RTS) specifying the booking arrangements that third-country branches are to apply for the purposes of Article 48h of that Directive. The Delegated Regulation

On 17 September 2026, the Single Resolution Board (SRB) issued Operational Guidance for Banks on Communication in Resolution, together with a Communication Testing Supplement to its Operational Guidance for Resolvability Testing for Banks.

Operational Guidance for Banks on Communication in Resolution

The guidance is applicable to banks

On 15 September 2026, the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, the AFM) published a news update on the compliance of investment fund managers with the Dutch Act on the prevention of money laundering and terrorism financing (Wet ter voorkoming van witwassen en

On 15 September 2026, the European Parliament’s Committee on Economic and Monetary Affairs (ECON) published its report on the proposal for a Regulation of the European Parliament and of the Council amending Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector, Regulation (EU) No 1286/2014 on

On 16 September 2026, the UK Government issued a Policy Paper concerning its anti-money laundering and asset recovery strategy 2026–2029.

Strong progress

Among other things the Policy Paper notes that the UK has made strong progress over the last decade, and three years on from the publication of Economic Crime