On 28 November 2025, the European Securities and Markets Authority (ESMA) issued a public statement in relation to the technical specifications concerning the implementation of certain data standards and formats requirements under the Markets in Crypto Assets Regulation (MiCA). ESMA has also issued MiCA order book and records keeping message specifications
November 2025
Treasury Committee launches new inquiry into the Government’s Financial Inclusion Strategy
On 28 November 2025, the House of Commons’ Treasury Committee launched a new inquiry into the Government’s Financial Inclusion Strategy.
The Treasury Committee will examine the Government’s Financial Inclusion Strategy, which sets out plans to improve access to financial products and services across the UK. The inquiry will examine whether the Financial Inclusion Strategy identifies…
FCA updates webpage on CP25/29: Changes to the UK Short Selling Regime
On 28 November 2025, the Financial Conduct Authority (FCA) updated its webpage on Consultation Paper 25/29: Changes to the UK Short Selling Regime. The update provides that the FCA has now published a derivation and changes table to further support firms’ understanding of the proposals. This details how the FCA has proposed to…
FSB publishes 2025 G-SIB list
On 27 November 2025, the Financial Stability Board published the 2025 list of global systemically important banks (G-SIBs) using end-2024 data and applying the assessment methodology designed by the Basel Committee on Banking Supervision (Basel Committee). The Basel Committee has also published material related to the identification of G-SIBs.
The number…
FCA PS25/17: The SI regime for bonds and derivatives including Discussion Paper on equity markets
On 28 November 2025, the Financial Conduct Authority (FCA) published Policy Statement 25/17: The SI regime for bonds and derivatives including Discussion Paper on equity markets (PS25/17).
Background
In November 2024, the FCA published Policy Statement 24/14 which introduced new bond and derivative transparency rules for trading venues from 1 December…
Handbook Notice 135
On 28 November 2025, the Financial Conduct Authority (FCA) published Handbook Notice 135.
This Handbook Notice describes the changes to the FCA Handbook and other material made by the FCA Board under their legislative and other statutory powers on 27 November 2025. Where relevant, it also refers to the development stages of…
PRA Annual Assessment of the Credit Union Sector
On 28 November 2025, the Prudential Regulation Authority (PRA) published a letter setting out the key findings from its annual assessment of the credit union sector and the actions it expects credit unions to take. The letter has been sent to firms that belong to a group of credit unions with total assets…
EBA publishes peer review report on gender diversity
On 26 November 2025, the European Banking Authority (EBA) published a report setting out its findings of a peer review which assessed how Member State competent authorities (NCAs) supervise and implement gender diversity within the management bodies of financial institutions, specifically credit institutions (CIs).
Background
The Peer Review follows…
ASIC to update RG 234
On 27 November 2025, the Australian Securities and Investments Commission (ASIC) announced proposals to update Regulatory Guide 234 Advertising financial products and services (including credit): Good practice guidance (RG 234).
Background
RG 234 provides guidance to help relevant entities comply with their legal obligations to not make false or misleading statements…
APRA to limit high debt-to-income home loans
On 27 November 2025, the Australian Prudential Regulation Authority (APRA) announced that it was limiting high debt-to-income (DTI) home lending.
APRA is taking this action to pre-emptively contain a build-up of housing-related vulnerabilities in the financial system. While overall bank lending standards remain sound, APRA has noticed a pick-up in some…