On 17 December 2025, the European Banking Authority (EBA) published a letter (dated 21 November 2025) that it had sent to John Berrigan, DG FISMA, and Roberto Viola, DG CNECT, regarding the outcome of its AI Act mapping exercise. In the Annex to the letter, the EBA sets out a detailed identification of
December 2025
ASIC updates RG 181 AFS Licensing: Managing Conflicts of Interest
On 16 December 2025, the Australian Securities and Investments Commission (ASIC) updated Regulatory Guide 181 AFS Licensing: Managing Conflicts of Interest (RG 181) following an earlier consultation process (CP 385).
Background
Section 912A(1)(aa) of the Corporations Act 2001 (the Act) provides that Australian financial services (AFS) licensees must…
MEPs approve simplified sustainability reporting and due diligence rules for businesses
On 16 December 2025, the European Parliament issued a press release stating that it had approved a provisional agreement between MEPs and the Council of the EU on the European Commission’s proposed Omnibus Directive reducing the scope of the Corporate Sustainability Reporting Directive and the Corporate Sustainability Due Diligence Directive.
The press release adds that…
ESMA public statement – Transitional provisions under the BMR review
- Pending applications by third country administrators of benchmarks: ESMA states that benchmarks in scope of the BMR provided by administrators that applied
EBA Final Report on draft RTS on the threshold for prudential risk management requirements of CSDs providing banking-type ancillary services
On 16 December 2025, the European Banking Authority (EBA) issued a Final Report containing draft Regulatory Technical Standards (RTS) on the determination of the threshold referred to in Article 54(5) of the Central Securities Depositories Regulation (CSDR) and accompanying appropriate risk management and accompanying prudential requirements to mitigate risks…
Global Asset Management Review – Issue 4
- Update on the UK listed fund sector.
- Overview of funds market and fundraising environment.
- Tokenisation from pilot to practice: A UK manager’s guide
HMT further responds to House of Lords Financial Services Committee on Growing Pains: Clarity and Culture Change Required
On 16 December 2025, there was published a letter from the Economic Secretary to the Treasury to the Chair of the House of Lords Financial Services Committee (the Committee).
The letter responds to the Committee’s earlier letter regarding to the Government’s response to the Committee’s report, Growing Pains: Clarity and Culture Change Required.
The…
The Financial Services and Markets Act 2023 (Prudential Regulation of Credit Institutions) (Consequential Amendments) Regulations 2025
- Commence, from 1 January 2026, the revocation of certain provisions of the UK
FCA and PSR response to Chancellor’s recommendations on payments regulation
On 14 November 2025, the Chancellor of the Exchequer sent a letter to the Chief Executive of the Financial Conduct Authority (FCA) and Managing Director of the Payment Systems Regulator (PSR) providing recommendations on payments regulation. On 16 December 2025, there was published the joint response from the FCA and the…
Global Regulation Tomorrow Plus: FCA consultation on the Transaction Reporting Regime
In the latest episode of Global Regulation Tomorrow Plus Hannah Meakin, Georgia Karamani and Charlotte Carnegie discuss the recent consultation published by the Financial Conduct Authority on proposed changes intended to improve the transaction reporting regime.
Listen to our podcast here.