On 27 February 2026, there was published in the Official Journal of the EU (OJ) Commission Delegated Regulation (EU) 2026/482 of 24 November 2025 amending Delegated Regulation (EU) 2017/567 as regards the determination of what constitutes a liquid market for equity instruments, the obligation to provide market data on a reasonable commercial basis
February 2026
Published in OJ – Commission Delegated Regulation (EU) 2026/466 of 17 November 2025 supplementing UCITS Directive specifying the characteristics of liquidity management tools
On 27 February 2026, there was published in the Official Journal of the European Union (OJ), Commission Delegated regulation (EU) 2026/466 of 17 November 2025 supplementing the Undertakings for Collective Investment in Transferable Securities Directive with regard to regulatory technical standards specifying the characteristics of liquidity management tools.
Commission Delegated Regulation (EU) 2026/466…
Published in OJ – Commission Delegated Regulation (EU) 2026/465 supplementing AIFMD specifying the characteristics of liquidity management tools
On 27 February 2026, there was published in the Official Journal of the EU (OJ), Commission Delegated Regulation (EU) 2026/465 of 17 November 2025 supplementing the Alternative Investment Fund Managers Directive with regard to regulatory technical standards (RTS) specifying the characteristics of liquidity management tools.
Commission Delegated Regulation (EU) 2026/465 will…
Handbook Notice No. 138
- Deferred Payment
FCA publishes a new webpage on how to use sustainability labels
On 27 February 2026, the Financial Conduct Authority (FCA) published a new webpage on how to use sustainability labels as part of the Sustainability Disclosure Requirements (SDR) regime.
The FCA explains that the labels are for funds with environmental or social goals and these firms can choose to use labels if…
FCA publishes good and poor practice in relation to the SDR regime
On 27 February 2026, the Financial Conduct Authority (FCA) published a new webpage, outlining its findings in relation to good and poor practice for using labels under the Sustainability Disclosure Requirements (SDR) regime.
Background
The FCA explains that firms in scope have been able to use sustainability labels under the…
New briefing note – SDNY’s voluntary self-disclosure policy sharpens focus on fast-tracking declinations
On 24 February 2026, the US Attorney’s Office for the Southern District of New York announced a new Corporate Enforcement and Voluntary Self Disclosure Program for Financial Crimes (the Program) which offers eligible companies a clear, two step path to a declination for fraud or financial misconduct affecting market integrity.
In our latest…
BaFin published the draft circular “Administrative Practice on Takeover Law” for consultation
On February 20, 2026, the German regulator, the Federal Financial Supervisory Authority (BaFin), published the draft circular “Administrative Practice on Takeover Law” for consultation (Circular).
The new Circular is intended to make BaFin´s administrative practice more transparent and thus to facilitate the conduct of takeover-related procedures for market participants.
In particular, the Circular sets out…
Government publishes the Payments Forward Plan
On 26 February 2026, HM Treasury (HMT) published the Payments Forward Plan (the Plan) delivered by the Payments Vision Delivery Committee.
The Plan
The Payments Vision Delivery Committee comprises of representatives from the Bank of England, the Financial Conduct Authority, the Payment Systems Regulator and HMT. The Plan provides a regulatory roadmap…
The Financial Services and Markets Act 2023 (Commencement No. 13) Regulations 2026
- Section 1(1) revokes the legislation listed in Schedule 1, which includes Regulation