- For APRA-regulated funds,
August 2026
Commission decides not to endorse EBA amendments to RTS on own funds and eligible liabilities under the CRR
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…
Fraud Without Borders: Key Takeaways from the DOJ’s New Enforcement Memorandum
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…
FCA feedback on motor finance redress scheme implementation plans
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…
ESMA consults on the reporting framework under EMIR for clearing activity at recognised TC-CCPs
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…
From Statute to FCA Supervision: Reforms to the CCA 1974
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…
New briefing note: CP26/20 and the FCA’s proposed due diligence rules for SIPP operators: How did we get here?
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…
FCA publishes 2026 wealth management survey report
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…
Markets & Brokerage Seminar
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…
PSR Annual Report and Accounts 2025-26
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…












