Global Regulation Tomorrow

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 chapter 6 of CP26/28 which covers

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 chapter 7 of CP26/28 which

On 24 September 2026, the European Banking Authority (EBA) published a Call for Technical Advice to the European Supervisory Authorities (ESAs).

In this Call for Technical Advice, the Directorate General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) of the European Commission invites

On 24 September 2026, the European Banking Authority (EBA) published its response to the European Commission’s (Commission) targeted consultation on the review of the Regulation on Markets in Crypto-assets (MiCA). Among other things the EBA assesses that the existing MiCA requirements for issuers of

The proposed Regulation also makes certain targeted amendments to other pieces of EU legislation to align them with the proposed changes to the ESMA Regulation. This includes the Benchmark Regulation and the Securities Financing Transactions Regulation.

• A proposed Directive amending the:

• Undertakings for Collective Investment in Transferable Securities (UCITS

On 23 September 2026, the Financial Conduct Authority (FCA) published its findings following a multi-firm review into money mule activity.

Background

The FCA’s findings are based on its:

• Survey of financial services firms on suspected money mule activity.
• Analysis of how fraud proceeds move through the financial system.

As of 1 October 2026, the Dutch Central Bank (De Nederlandsche Bank, DNB) will change its policy on the reappointment of policymakers at financial institutions. From that date, such reappointments will no longer need to be reported using the specific form in DNB’s online portal. This change

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