February 2026

On 27 February 2026, there was published in the Official Journal of the EU (OJCommission 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

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

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

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

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

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

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

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