On 26 June 2025, the European Securities and Markets Authority (ESMA) published a Final Report containing technical advice to the European Commission (Commission) on the review of the UCITS Eligible Assets Directive (UCITS EAD).
Background
Following a mandate from the Commission to provide technical advice on the review of
On 26 June 2025, the Financial Conduct Authority (FCA) published its findings following a multi-firm review of risk management and wind-down planning at e-money and payments firms.
Key finding
The FCA’s key finding following the review is that risk management frameworks and wind-down plans in firms remain underdeveloped.
None of the firms the
On 25 June 2025, the Council of the EU issued a press release announcing that it had reached political agreement with the European Parliament on the legislative package for the crisis management and deposit insurance (CMDI) framework review. The European Parliament has also issued a press release.
In April 2023, the European
On 26 June 2025, the Financial Conduct Authority (FCA) published a speech by its Chief Executive, Nikhil Rathi. The speech is entitled What king of market do we want to be?
Among other things Mr Rathi touches on the criticism that the FCA has faced for being too risk adverse and this is
This podcast is the second in a mini-series discussing risk assessments, which are the cornerstone of an effective risk and compliance program and necessary in a number of areas to meet UK regulatory requirements. The first of our podcasts in the series focused on the new failure to prevent fraud offence which comes into force
On 25 June 2025, the European Securities and Markets Authority (ESMA) issued a report on the Distributed Ledger Technology Pilot Regime (DLT Pilot Regime).
Background
The report has been prepared in accordance with Article 14 of Regulation (EU) 2022/858 on a Pilot Regime for Market Infrastructures based on Distributed Ledger Technology
On 19 May 2025, HM Treasury issued a consultation on the first phase of its plans to update the Consumer Credit Act 1974.
We have published a new briefing note which looks at this consultation, its impact on firms and the proposed timeline for implementation.
On 25 June 2025, the European Securities and Markets Authority (ESMA) published its first central counterparty (CCP) resolution briefing.
The briefings are intended to provide a methodology that national resolution authorities (NRAs) may consider when drawing resolution plans for CCPs. They are not subject to any ‘comply or
On 25 June 2025, the European Commission (Commission) updated its webpage on the Platform on Sustainable Finance.
The Commission has added text to the ‘Stakeholder request mechanism’ section. The mechanism was launched in October 2023 and allows stakeholders to submit suggestions based on scientific and/or technical evidence, on new activities that could be