Global Regulation Tomorrow

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

This week saw two significant developments in the UK's economic crime enforcement landscape, both aimed at increasing the flow of intelligence to the Serious Fraud Office (SFO) and strengthening its ability to detect and prosecute corporate wrongdoing.

1. Open consultation on whistleblowing

The consultation, opened on 12 October 2026,

On 13 October, the Independent Football Regulator (IFR) published its draft State of the game (the Report). Describing itself as “the most comprehensive financial analysis of the English football industry ever undertaken”, the central message of the Report is clear: English club football can be both “

On 14 October 2026, the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) issued a final report that provides supplemental guidance for financial market infrastructures (FMIs) and relevant authorities on certain principles and key considerations relating to

On 14 October 2026, the Financial Stability Board (FSB) issued a consultation report on regulatory and supervisory modernisation principles.

The consultation report responds to a request from the G20 Presidency and is informed by a stocktake of modernisation efforts already underway or completed by FSB members and a

On 14 October 2026, the Financial Stability Board (FSB) issued its 2026 report to the G20 covering its implementation monitoring work.

Background

In 2025, the G20 Presidency asked the FSB to review how it promotes and monitors implementation of G20 financial sector reforms. To undertake this work, the