September 2025

On 15 September 2025, The Financial Services and Markets Act 2023 (Capital Buffers and Macro-prudential Measures) (Consequential Amendments) Regulations 2025 were made.

These Regulations come into force on 30 November 2025.

Background

The Capital Requirements (Capital Buffers and Macro-prudential Measures) Regulations 2014 (the 2014 Capital Buffers Regulations) are revoked by virtue of the Financial

On 17 September 2025, the Financial Conduct Authority (FCA) published Consultation Paper 25/25: Application of FCA Handbook for Regulated Cryptoasset Activities (CP25/25).

Background

CP25/25 follows HM Treasury’s draft statutory instrument (SI) to bring certain cryptoasset activities within the regulatory perimeter and two previous FCA consultation papers covering stablecoin issuance

On 15 September 2025, The Markets in Financial Instruments (Miscellaneous Amendments) Regulations 2025 were made together with an explanatory memorandum.

Using the powers established by the Financial Services and Markets Act 2023, this statutory instrument (SI) retains the key definitions within Commission Delegated Regulation (EU) 2017/565, otherwise known as the MiFID Org

On 12 September 2025, the European Banking Authority (EBA) issued a Final Report containing draft implementing technical standards (ITS) which amend Commission Implementing Regulation (EU) 2021/622.

Commission Implementing Regulation (EU) 2021/622 specifies uniform reporting templates, instructions and a methodology for reporting to the EBA on the minimum requirement for own funds

On 12 September2025, the Australian Prudential Regulation Authority (APRA) published Therese McCarthy Hockey’s opening remarks to the Financial Services Institute of Australasia (FINSIA).

Ms Therese McCarthy-Hockey is a member of APRA’s Executive Board. In her opening remarks she covers the “three Ps” to illuminate APRA’s thinking behind its latest Corporate Plan: