On 30 July 2026, there was published in the Official Journal of the EU (OJ), Commission Delegated Regulation (EU) 2026/904 of 24 April 2026 supplementing Regulation (EU) 2024/3005 of the European Parliament and of the Council with regard to rules of procedure on fines and periodic penalty payments imposed to ESG rating providers
On 30 July 2026, the Single Resolution Board (SRB) published Operational Guidance for banks on Business Reorganisation Plan Analysis Reports alongside a complementary quantitative template.
The document sets out operational guidance for institutions to consider when implementing the expectations regarding business reorganisation plan analysis reports and when producing business reorganisation plans. Depending on
On 29 July 2026, the Prudential Regulation Authority (PRA) issued LIAC02/26: July 2026 – Low Impact Amendments Consultation.
The low impact amendments include amendments to Supervisory Statement (SS)25/15, SS26/15 and Internal Model (IM).03 reporting instructions. The deadline for comments on these amendments is 11 September 2026. The proposed
On 27 July 2026, the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) published a circular (the Circular) clarifying that investments falling within the scope of the German Capital Investment Act (Vermögensanlagengesetz – CIA) will generally not be classified as packaged retail investment products (PRIIPs) for the purposes of the PRIIPs
On 27 July 2026, the Financial Conduct Authority (FCA) published the findings of its review into firms’ approaches to monitoring consumer outcomes under the Consumer Duty (the Duty).
Background
The FCA sets out that under the Duty, financial services firms must meet a high standard of retail consumer protection and that a
On 27 July 2026, the Australian Treasury issued for consultation an exposure draft of regulations that extend the class exemptions to the deferred sales model (DSM) for add-on insurance until 2031. Furthermore, the Australian Treasury is seeking input on whether any new class exemptions should be granted.
Background
The DSM is set out
On 22 July 2026, the Prudential Regulation Authority (PRA) published Consultation Paper 12/26 – Insurance friendly societies, amalgamations and transfers (CP12/26), setting out proposed updates to Chapter 4 of Statement of Policy 3/15 (SoP3/15), which governs the PRA’s approach to amalgamations and transfers of engagements by friendly societies (
On 23 July 2026, the Financial Conduct Authority’s (FCA) new Director of Insurance, Chris Knight, set out the regulator’s expectations in relation to the management of conflicts of interest in vertically integrated insurance business models. This was accompanied by the FCA’s publication of new guidance for firms.
“Vertically integrated business model” refers