August 2026

On 19 August 2026, the Council of the EU published a letter from the European Commission (Commission) to the European Banking Authority (EBA) (dated 20 July 2026) regarding endorsement of the draft regulatory technical standards (RTS) amending Commission Delegated Regulation (EU) No 241/2014 on the timing for the application

Overview

On August 13, 2026, Colin M. McDonald, Assistant Attorney General of the U.S. Department of Justice’s (DOJ) National Fraud Enforcement Division (the Fraud Division or the Division), issued a memorandum (the Memorandum) to all Fraud Division personnel setting out the Division’s enforcement priorities.  According to the Memorandum, the Department intends

On 19 August 2026, the Financial Conduct Authority set out examples of good and poor practice from its review of motor finance redress scheme implementation plans.

Background

The motor finance redress scheme is currently partially suspended, but firms must comply with all rules which are not suspended.

Approximately 6 weeks after the motor finance redress

On 18 August 2026, the European Securities and Markets Authority (ESMA) issued a consultation on a proposed annual reporting framework under the revised European Markets Infrastructure Regulation (EMIR) for clearing activity at recognised third-country central counterparties (TC-CCPs).

Background

Regulation (EU) 2024/2987 introduced Article 7d into EMIR, which mandates ESMA

On 18 May 2026, HM Treasury published its long-anticipated policy statement on reform of the Consumer Credit Act 1974 (CCA 1974), confirming its intention to repeal many of the remaining CCA 1974 provisions and much of the associated secondary legislation. The policy statement responds to the Phase 1 consultation published in May 2025

On 22 June 2026, the Financial Conduct Authority published consultation paper (CP26/20) setting out proposals for adapting its rules for a changing market in self-invested personal pensions (SIPPs).

This briefing note explores the recent history of the SIPP industry to understand why the FCA are now taking this step to formalise a due

On 18 August 2026, the Financial Conduct Authority (FCA) published its 2026 wealth management survey report.

Background

The FCA explains that the report focuses on discretionary portfolio management and shares data and insights to help firms understand the market, compare their approach, and raise standards.

The FCA’s findings are based on survey data

You’re invited to our Markets & Brokerage Seminar in London on Thursday, September 24, 2026

Join us for an afternoon of insights and discussion on key legal and regulatory topics affecting those involved in trading different asset classes. Our dedicated markets infrastructure team from around the world will be joined by a range of voices

On 17 August 2026, the Payment Systems Regulator (PSR) issued its Annual Report and Accounts for 2025/26.

Among other things, the Annual Report notes that the government has recognised the importance of payment systems regulation within its proposed new regulatory framework and that the Financial Services and Markets Bill contains provisions to