On 29 September 2025, there was published in the Official Journal of the EU, Corrigendum to Commission Delegated Regulation (EU) 2024/895 of 13 December 2023 amending Delegated Regulation (EU) 2015/63 as regards the calculation of eligible liabilities and the transitional regime. The Corrigendum inserts into Commission Delegated Regulation (EU) 2024/895 a new annex.
On 30 September 2025, the Financial Conduct Authority (FCA) published a speech by Lucy Castledine (Director of Consumer Investments) entitled Regulatory perspective and priorities for 2025. The speech was delivered on 25 September 2025.
In her speech Lucy Castledine provides an update on the FCA’s 5-year strategy and the following four priorities:
On 30 September 2025, the Financial Conduct Authority (FCA) issued an Addendum to Quarterly Consultation Paper No.49.
The Addendum makes changes to the proposed draft Berne Financial Services Agreement Guide (the draft Guide). Specifically, it amends BFSAG 2.1.1G(2) of the draft Guide by removing reference to insurance intermediaries and inserts a
On 30 September 2025, the Prudential Regulation Authority (PRA) issued a Dear Chief Financial Officer Letter to selected PRA-regulated deposit-takers providing thematic feedback from the PRA’s review of written auditor reports received in 2025 covering IFRS 9 expected credit loss accounting (ECL) and accounting for climate risk.
The PRA’s focus this
On 30 September 2025, the Financial Conduct Authority (FCA) published the latest issue of Market Watch, its newsletter on market conduct, transaction reporting issues and UK European Market Infrastructure Regulation (EMIR) reporting.
Background
Last September, the FCA and the Bank of England (BoE) made changes to the UK
On 30 September 2025, the European Securities and Markets Authority (ESMA) issued the official EU translations of the guidelines on outsourcing to cloud service providers by depositaries under the Alternative Investment Fund Managers Directive and the UCITS Directive that are not subject to the Regulation on digital operational resilience for the financial sector.
On 30 September 2025, the Financial Conduct Authority (FCA) published three updates in relation to the Consumer Duty: a webpage setting out an update on the FCA’s Consumer Duty requirements review; a letter from FCA Chief Executive Officer, Nikhil Rathi, to Chancellor Rachel Reeves on the FCA’s review of the Consumer Duty’s application
On 29 September 2025, the Australian Securities and Investments Commission (ASIC) issued ASIC Corporations (Managed investment product consideration) Instrument 2025/629 (ASIC Instrument 2025/629) which continues the relief previously provided under ASIC Corporations (Managed investment product consideration) Instrument 2015/847 (ASIC Instrument 2015/847), with minor changes.
Sunset
ASIC Instrument 2015/847 was
On 29 September 2025, the European Banking Authority (EBA) announced the launch of its 2025 EU-wide Transparency Exercise (Exercise), with the aim to enhance transparency and market discipline in the EU financial system.
The Exercise will disclose data from over 100 major EU banks covering capital positions, financial and sovereign exposures
On 26 September 2025, the European Parliament’s Committee on Economic and Monetary Affairs (ECON) issued a Recommendation for Second Reading on the European Council’s position to amend Regulations for certain reporting requirements of financial services and investment support.
The targeted amendments focus on several foundational Regulations in the EU’s financial supervisory framework, including