On 5 August 2025, the Australian Prudential Regulation Authority (APRA) issued a media release announcing that it had placed an additional $5.5 million capital requirement and imposed additional licence conditions on the life insurance company and friendly society, KeyInvest Limited (KeyInvest).
Review
These measures have been imposed following APRA’s review of
In the third episode of our new mini-series covering UK cryptoasset regulation Jonathan Herbst, Hannah Meakin and Simon Lovegrove discuss custody.
Listen to the episode here.
On 11 August 2025, HM Treasury published a Policy Statement setting out the Government’s overall approach and targeted reforms of the Appointed Representatives (ARs) legislative regime.
Overview
Following the previous administration’s Call for Evidence on 3 December 2021 as well as experience of the Financial Conduct Authority (FCA) and Financial Ombudsman
On 8 August 2025, the European Banking Authority (EBA) confirmed that following the European Commission’s adoption of a Delegated Act postponing the application of the revised market risk framework in the EU, the so-called Fundamental Review of the Trading Book (FRTB), its no action letter of 12 August 2024 would remain
On 8 August 2025, there was published correspondence between Lord Forsyth of Drumlean (Chair, House of Lords Financial Services Regulation Committee) and Nikhil Rathi (Chief Executive of the FCA) concerning the proposed motor finance redress scheme. Among other things in Lord Forsyth’s letter it states that the Committee considers that a period which is aligned
On 8 August 2025, the European Commission published for comment a draft Delegated Regulation amending Delegated Regulation 2017/567 as regards the obligation to provide market data on a reasonable commercial basis, the determination of what constitutes a liquid market for equity instruments, and the definition of and disclosure for post-trade risk reduction services.
The Markets
On 8 August 2025, the European Banking Authority (EBA) published its final draft Implementing Technical Standards (ITS), amending the Implementing Regulation on the benchmarking of credit and market risk for the 2026 exercise.
Article 78 of the Capital Requirements Directive requires the EBA to specify the benchmarking portfolios, templates and
On 8 August 2025, the Financial Conduct Authority (FCA) published Feedback Statement 25/4: Design of the Future Entity for UK open banking (FS25/4).
Background
In March 2022, the FCA together with the Payment Systems Regulator, Competition and Markets Authority and HM Treasury announced the creation of a Joint Regulatory Oversight Committee
On 8 August 2025, the Financial Conduct Authority (FCA) issued its latest consultation on additional draft Q&As on the derivative reporting requirements under the UK European Markets Infrastructure Regulation (UK EMIR). The Bank of England (BoE) has also issued a consultation on the draft Q&As.
The draft Q&As cover