October 2025

On 27 October 2025, the European Commission (Commission) adopted a Commission Delegated Regulation amending the Regulatory Technical Standards (RTS) laid down in Delegated Regulation (EU) 2018/1645 and Delegated Regulation (EU) 2018/1646.

Overview

Delegated Regulation (EU) 2018/1645 sets out information required when a benchmark administrator located in a third country submits its

On 28 October 2025, the Prudential Regulation Authority (PRA) issued Policy Statement 20/25 ‘The Strong and Simple Framework: The simplified capital regime for Small Domestic Deposit Takers (SDDTs) (near-final)’ (PS20/25).

Background

On 12 September 2024, the PRA published Consultation Paper CP7/24 ‘The Strong and Simple Framework: The simplified capital regime for

On 28 October 2025, the Prudential Regulation Authority (PRA) published a near final policy statement (PS19/25) providing feedback to responses to CP13/24 – Remainder of CRR: Restatement of assimilated law.

Background

In CP13/24, the PRA proposed to restate the remaining relevant provisions in the Capital Requirements Regulation (CRR)

On 28 October 2025, the Financial Conduct Authority (FCA) published a consultation paper (CP25/29) on new proposed rules and guidance in relation to short selling activity.

Background

The FCA has set out that these proposals are based on feedback to HM Treasury’s Call for Evidence on the Short Selling Regulation, which concluded

On 27 October 2025, the Financial Conduct Authority (FCA) published information for firms looking to offer crypto exchange traded notes (cETNs).

Background

The FCA explained that it lifted the ban on retail access to certain cETNS on 8 October 2025, meaning that retail consumers can now access cETNS when they are

On 14 October 2025, the Financial Conduct Authority (FCA) published a Consultation Paper (CP25/28) setting out proposals to encourage the adoption of tokenisation and tokenised funds in the UK.

We have now released a new briefing note on the FCA’s latest proposals and what this means for firms.

On 24 October 2025, the Australian Prudential Regulation Authority (APRA) provided an update on its earlier consultation to modernise the prudential framework on governance for banks, insurers and superannuation trustees.

Background

In March, APRA proposed eight measures to update its cross-industry prudential standards and guidance on governance for the first time in more

On 24 October 2025, the Chancellor of the Exchequer announced the launch of a Scale-up unit that will be jointly led by the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA).  

Overview

The Chancellor explained that the Scale-up Unit will provide growing financial sector regulated firms with tailored support and