Global Regulation Tomorrow

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

On 30 September 2026, the European Banking Authority (EBA) published its Work Programme outlining the key areas of focus and deliverables for 2027.

The EBA’s areas of focus for 2027 include finalising the implementation of the 2024 “banking package”, implementing the new payment services framework, supporting crisis

On 30 September 2026, the Bank of England (BoE) published a new ‘Insights’ webpage from David Bailey covering frontier AI and the question of governance.

Mr Bailey explains that frontier AI matters to the BoE as it has important implications for financial stability. Most immediately, it materially increases

On 30 September 2026, the Prudential Regulation Authority (PRA) published a letter that it had sent to chief financial officers of selected PRA-regulated deposit-takers providing thematic feedback from the PRA’s review of written auditor reports received in 2026 covering IFRS 9 expected credit loss accounting (ECL)

On 30 September 2026, the Bank of England (BoE) published a Record of the Financial Policy Committee (FPC) meeting on 25 September 2026.

Headline judgements and policy actions from the meeting include:

• The likelihood that interconnected vulnerabilities in the financial system crystallise has risen since

On 30 September 2026, the Financial Conduct Authority (FCA) published Finalised Guidance 26/10: Non-Handbook guidance on CRYPTPRU 7: Overall risk assessment for CRYPTOPRU firms (FG26/10).

Background

In June 2026, the FCA consulted on the proposed Non-Handbook Guidance (NHG) to help cryptoasset firms complete the

On 30 September 2026, the Financial Conduct Authority (FCA) published Finalised Guidance 26/9: Non-Handbook guidance on COREPRU 7: Overall risk assessment (FG26/9).

Background

In June 2026, the FCA consulted on the proposed Non-Handbook Guidance (NHG) on COREPRU 7: Overall risk assessment which sets out

On 30 September 2026, the Financial Conduct Authority (FCA) published Policy Statement 26/19: Aligning listed issuers’ sustainability disclosures with international standards (P626/19).

Background

On 30 January 2026, the FCA published a consultation paper setting out proposals to evolve its rules in relation to listed companies’ sustainability

In our latest briefing note, we look at investigations and enforcement developments over the last quarter, including discussion of: (i) the failure to prevent fraud offence one year on; (ii) the expansion of corporate criminal liability under the Crime and Policing Act 2026; (iii) Serious Fraud Office and Financial

On 30 September 2026, the Dutch Authority for Financial Markets (Autoriteit Financiële Markten, AFM) published a consultation on model portfolios for self-directed investing (execution only). The consultation addresses model portfolios as an innovative investment concept, including automatic rebalancing and risk reduction functionalities. Investment firms that offer such model

On 18 September 2026, the European Banking Authority (EBA) published its Final Report on guidelines on the sound management of third-party risk regarding non-ICT services. The Final Report sets out the EBA's response to feedback on its earlier consultation, together with the final text of the guidelines. The

On 29 September 2026, the European Commission (Commission) launched a targeted consultation on fair access to financial services for cancer survivors.

Background

Europe’s beating cancer plan was adopted on 3 February 2021. It is an initiative that aims to tackle various aspects of cancer, including improving access to

On 28 September 2026, the Financial Markets Standards Board (FMSB) issued version 2 of its Standard for Sharing of Standard Settlement Instructions (SSIs). The Standard establishes certain expected practices for the sharing of SSIs between market participants. However, it does not apply to firms’ management of

Background

On 21 September 2026, the Financial Conduct Authority (FCA) published its findings (MS24/1.5) from its market study into the distribution of pure protection products to individual retail customers (the Final Report).

Launched in March 2025, the market study examined issues identified across the following

On 28 September 2026, the Australian Securities and Investments Commission (ASIC) announced that it had remade six legislative instruments that provide relief around managed investment schemes including ASIC Corporations (Attribution Managed Investment Trusts) Instrument 2026/726. The instruments that were made were expiring on 1 October 2026. Earlier this

On 28 September 2026, the European Securities and Markets Authority (ESMA) issued a report regarding its contribution to simplification and burden reduction. The key message in the report is that ESMA is turning simplification and burden reduction into a core regulatory and supervisory objective.

The report provides a

On 28 September 2026, the European Securities and Markets Authority (ESMA) published its work programme for 2027. The work programme sets out ESMA’s strategic priorities and provides a list of the key workstreams for the upcoming year.

The work programme is set around five strategic priorities and

On 22 September 2026, the Capital Requirements Implementation Act 2026 (Implementatiewet Kapitaalvereisten 2026) entered into force, implementing the sixth Capital Requirements Directive (Directive (EU) 2024/1619, CRD VI) into Dutch law. The Implementation Act follows the Capital Requirements Regulation III (Regulation (EU) 2024/1623, CRR III), which

On 25 September 2026, the European Banking Authority (EBA) issued a consultation paper on draft Implementing Technical Standards (ITS) on conditions of application of the joint decision process for institution-specific prudential requirements under Article 113 of the Capital Requirements Directive IV (CRD IV).

Background

On 25 September 2026, the Financial Conduct Authority (FCA) published Handbook Notice 144.

This Handbook Notice describes the changes to the FCA Handbook and other material made by the FCA Board and the FCA’s Executive Regulation and Policy Committee (ERPC) under their legislative and other