On 28 March 2025, the Financial Conduct Authority (FCA) issued Handbook Notice 128.
This Handbook Notice describes the changes to the FCA Handbook and other material made by the FCA Board under their legislative and other statutory powers on 27 March 2025.
On this date, the FCA Board approved the following instruments:
On 27 March 2025, the Financial Stability Board (FSB) announced the establishment of the Forum on Cross-border Payments Data.
The Forum will be a platform for dialogue, information exchange, and research, helping to identify and address inconsistencies in global data frameworks. An advisory body comprised of private sector representatives will also be created
On 27 March 2025, there was published in the Official Journal of the EU, Decision (EU) 2025/507 of the European Central Bank (ECB) of 7 March 2025 on the total amount of annual supervisory fees for 2024. The ECB Decision sets out the ECB’s supervisory fees for 2024. The total amount of annual
On 26 March 2025, the Council of the EU announced that Member States’ representatives (Coreper) approved its position on the so-called ‘Stop-the-clock’ directive which forms part of the Omnibus I package that the European Commission adopted at the end of February to simplify EU legislation in the field of sustainability. The proposed directive
On 27 March 2025, the National Audit Office (NAO) published a webpage outlining its study of the Bank of England’s (BoE) Real-Time Gross Settlement (RTGS) renewal program, scheduled for winter 2025/26.
The webpage notes that the RTGS is part of the critical national infrastructure underpinning payment services and transactions
On 27 March 2025, the Broadcast Committee of Advertising Practice (BCAP) published its response to its previous consultation on broadcast restrictions for advertising unregulated investments.
In the response, BCAP announces that it is introducing changes to Section 14 of the UK Code of Broadcast Advertising (the BCAP Code), which relates to financial
On 27 March 2025, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) published a joint consultation paper (CP), PRA CP5/25 and FCA CP25/5, on Margin requirements for non-centrally cleared derivatives: Amendments to BTS 2016/2251.
Background
Under the onshored European Market Infrastructure Regulation, firms are required
FINRA requested comment on “modernizing” current rules, guidance and process relating to capital formation.
The full update can be found here on our US Regulatory Intelligence platform.
At the Crypto Task Force inaugural roundtable, SEC Commissioner Caroline A. Crenshaw cautioned Commissioner Hester M. Peirce and Acting Chair Mark T. Uyeda against conceding that many crypto assets and related activities should not be subject to securities laws.
The full update can be found here on our US Regulatory Intelligence platform.