Global Regulation Tomorrow

From 2030, master trusts and group personal pensions will generally need a main scale default arrangement holding at least £25 billion in assets under management to continue receiving automatic enrolment contributions. Our briefing explains how the new scale requirements are expected to work, the alternative pathways for schemes that do

Our podcast mini-series on 'Crypto under the FCA' examines the FCA's highly anticipated policy statements published on June 30, 2026, which collectively shape the new regulatory regime for cryptoassets in the United Kingdom. In this episode we unpack the authorisation process — what firms need to know, where the pitfalls lie,

On 9 October 2026, the Economic and Financial Affairs (ECOFIN) Council agreed on the key elements of the Market Integration and Supervision (MISP) package. The adoption of the negotiating position follows nine months of negotiations between Member States on possible amendments to the MISP legislative package, which was

On 8 October 2026, the Financial Conduct Authority (FCA) published a blog on how strong compliance functions can support trusted corporate finance markets, this follows on from a survey the FCA had conducted, which it considers found encouraging practice across corporate finance firms but also opportunities for more

On 8 October 2026, the Financial Conduct Authority (FCA) published a consultation paper in relation to fair redemption terms for authorised funds investing in illiquid assets (CP26/35).

Background

The FCA sets out that it has worked with the International Organization of Securities Commissions and the Financial

On 30 September 2026, the Australian Prudential Regulation Authority (APRA) issued a consultation paper and draft Prudential Standard SPS 530 Investment Governance for consultation.

Background

The policy reform in the consultation paper is the next phase of APRA’s multi-year work to strengthen investment governance. APRA is proposing

On 30 September 2026, the Australian Securities and Investments Commission (ASIC) issued ASIC Corporations (Managed Discretionary Account Services) Instrument 2026/720 which replaces ASIC Corporations (Managed Discretionary Account Services) Instrument 2016/968.

ASIC Instrument 2026/720 does not substantively change the terms of the relief for managed discretionary account (MDA

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