Global Regulation Tomorrow

On 7 October 2026, the European Securities and Markets Authority (ESMA) issued a Public Statement regarding an extended transitional period for third-country central securities depositories (CSDs).

Background

CSDs established in a country outside of the European Union (third country CSDs) are allowed to provide notary services

On 7 October 2026, the Anti-Money Laundering Authority (AMLA) issued a consultation paper on draft regulatory technical standards (RTS) on the anti-money laundering / countering the financing of terrorism (AML/CFT) central database under Article 11(6) of the AMLA Regulation (Regulation (EU)2024/1620) (AMLR).

On 7 October 2026, the Prudential Regulation Authority (PRA) published Consultation Paper 13/26 - Updating regulatory thresholds: An autopilot approach (CP13/26).

Background

In CP13/26 the PRA proposes a transparent, rules-based framework that would automatically update in-scope regulatory thresholds every five years.

In particular, the PRA proposes

Introducing DealPoint: Banks M&A Bitesize, our new podcast series which takes a short, focused look at some of the legal and regulatory issues that can shape bank M&A transactions.

In the first episode Jochen Vester, Counsel based in our Frankfurt office specialising in Financial Services Regulation, joins us and we

On 6 October 2026, the Financial Conduct Authority (FCA) published a new webpage on moving fund authorisation applications and notifications online.

Summary

The FCA sets out that the way firms submit fund authorisation applications and notifications to the fund authorisations team is changing, in particular:

2026 changes

• From

This 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 a package of reforms intended to tailor requirements more proportionately for asset managers. This podcast in the series focuses on further proposals in CP26/28,

On 5 October 2026, the Council of the EU published a note from the Presidency to the Permanent Representatives Committee (COREPER) attaching the Presidency compromise texts of the three legislative proposals forming the market integration and supervision package (MISP).

The note states that the Presidency’s compromise text maintains

On 5 October 2026, the Financial Conduct Authority (FCA) published a speech delivered by Jon Relleen, director of infrastructure and exchanges, at the Reform of the UK Public and Private Capital Markets Summit 2026.

Key points of note from the speech include:

• The FCA has completed major elements

On 1 October 2026, the European Commission adopted a draft Delegated Regulation amending the regulatory technical standards laid down in Delegated Regulation 2017/584 as regards certain organisational requirements of trading venues and circuit breakers.

Article 1 of the draft Delegated Regulation introduces amendments to Delegated Regulation (EU) 2017/584 to: (i)

1 September to 30 September

Introduction

Financial services regulators treat anti-money laundering (AML) compliance as a priority. They are strengthening their supervisory frameworks, imposing significant penalties for systems and controls failures, and dealing with emerging risks linked to crypto-assets, beneficial ownership transparency and increasingly sophisticated cross-border financial flows.

On 2 October 2026, the Financial Conduct Authority (FCA) published a consultation paper on preparing for the new transaction reporting regime (CP26/34).

Background

UK Markets in Financial Instruments Regulation (UK MiFIR) transaction reports are a key source of data for the FCA's market monitoring,

From 2029, guided retirement will shift more responsibility onto trustees and providers, requiring them to identify a suitable default pension benefit solution for members who do not actively choose how to take their benefits. Our briefing looks at how the new regime is expected to work, when it will apply

On 1 October 2026, Sasha Mills, Executive Director of Financial Market Infrastructure at the Bank of England (BoE), gave a speech setting out ways the BoE intends to continue to support responsible innovation.

Mills set out that the BoE considers that the debate on digital assets has moved

In the latest episode of our global podcast mini-series ‘Future of Payments’ we discuss recent developments in the United States covering five important topics:

• The use of AI in the payments space - 1min, 29 secs
• The ever-challenging patchwork of state licensing requirements - 10 mins, 42 secs
• The GENIUS

On 28–29 September 2026, the Basel Committee on Banking Supervision met to discuss a range of analytical, supervisory and regulatory initiatives.

During the meeting members exchanged views on developments in artificial intelligence and its implications for the Committee’s future work programme. The Basel Committee also approved the annual assessment exercise

On 1 October 2026, the Anti-Money Laundering Authority (AMLA) issued a Final Report on draft Regulatory Technical Standards (RTS) on the respective duties of the home and host supervisors, and the modalities of cooperation between them under Article 46(4) of the Sixth Anti-Money Laundering Directive (

On 1 October 2026, the Anti-Money Laundering Authority (AMLA) issued the following:

• Final Report - Draft Regulatory Technical Standards (RTS) on Customer Due Diligence, Anti-Money Laundering Regulation (AMLR) 28(1).

• Article 28(1) AMLR mandates the AMLA to develop draft RTS specifying, among others, the

There is a lot happening in the DC pensions world at the moment. We have pulled the key developments together in our new DC round-up, covering the major defined contribution scheme reforms as well as the latest developments affecting master trusts, SIPPs and the wider market.

In September, the Law Commission (the Commission) presented its final report “Review of the Friendly Societies Acts 1974 and 1992” (the Report) and accompanying draft bill (the Bill) to parliament. The Report follows on from its consultation paper issued in March last year and contains its

On 30 September 2026, the European Securities and Markets Authority (ESMA) issued its response to the European Commission’s public consultation on the review of Markets in Crypto-Assets Regulation (MiCA).

ESMA argues that the revisited MiCA framework should bring clearer token classification, more effective supervision of cross-border