On 19 February 2026, the Prudential Regulation Authority (PRA) published Consultation Paper 3/26 (CP3/26), which sets out proposed rule changes intended to accommodate HM Treasury’s Overseas Prudential Requirements Regime (OPRR).
Background
The OPRR has been designed to restate, with modifications, a number of existing Capital Requirements Regulation (CRR
Last month the Financial Conduct Authority (FCA) announced in a press release that it had opened an enforcement investigation into The Claims Protection Agency (TCPA), a claims management firm in the motor finance claims sector, following concerns about its advertising and sales practices (the Investigation Announcement). This follows TCPA’s failed
In the third episode of our Global Regulation Tomorrow Plus mini-series on artificial intelligence in financial services Professor Peter McBurney and Simon discuss Agentic AI and its opportunities and risks.
In the latest episode of our Global Regulation Tomorrow Plus mini-series on cryptoassets Hannah Meakin and Simon Lovegrove discuss FCA CP26/4: Application of FCA Handbook for regulated cryptoasset activities – part 2.
In CP26/4 the FCA is consulting on how the Consumer Duty will apply to cryptoasset firms, supported by additional non-Handbook guidance, so firms
On 17 February 2026, the Financial Conduct Authority (FCA) published Consultation Paper CP26/6 (CP26/6), which sets out proposals to reform the UK’s securitisation requirements including to simplify the due diligence and transparency requirements.
Background
The FCA sets out in CP26/6 that as securitisation markets played a role in the global financial
We have published the fourth and final briefing note in our series looking in detail at the SRA’s guidance for in-house teams, issued following a thematic review of the sector, recognising the growth and importance of the in-house role and the unique pressures to which in-house solicitors can be subject. The guidance covers six topics
On 17 February 2026, the Prudential Regulation Authority (PRA) published Consultation Paper CP2/26 (CP2/26), which sets out proposals to reform the UK’s securitisation requirements with the aim of making them more proportionate and less prescriptive, while maintaining appropriate prudential safeguards.
Background
The securitisation requirements were developed in the aftermath of the
On 16 February 2026, HM Government (HMG) launched a call for evidence to seek industry views on the application of the ownership and control test in UK financial sanctions regulations, including how firms implement the regulations and where they face challenges.
Background
The two-condition ownership and control test works to ensure that entities
On 11 February 2026, the Financial Services (Designated Consumer Body and Designated Representative Body) Order 2026 No. 124 was made. An explanatory memorandum has also been published.
This Order designates the Money and Mental Health Policy Institute as a representative body capable of making certain fast-track complaints to the Financial Conduct Authority and the Payment
On 13 February 2026, the European Banking Authority (EBA) issued final guidelines (dated 5 February 2026) on proportionate retail diversification methods under the standardised approach for credit risk.
Background
The final guidelines have been developed pursuant to Article 123(1) of the Capital Requirements Regulation, which mandates the EBA to specify proportionate diversification methods