2026

On 10 April 2026, the European Banking Authority (EBA) published two consultation papers in relation to simplifying the supervisory reporting framework under the Capital Requirements Regulation (CRR).

Revisions to the implementing technical standards (ITS) on supervisory reporting

The first consultation paper relates to the EBA supervisory reporting requirements that are currently

  • Delegated Regulation supplementing the Market Abuse Regulation (596/2014) (MAR): this delegated regulation relates to disclosures and amends the MAR disclosure regime by excluding intermediate steps in protracted processes from the disclosure obligation and by clarifies the conditions under which disclosure may

On 7 April 2026, the European Insurance and Occupational Pensions Authority (EIOPA) published a report containing the technical specification for the calculation of criteria for small and non-complex undertakings (SNCUs) and groups (SNCGs).

Background

The Solvency II Directive (2009/138/EC), as amended by the Solvency II Amending Directive ((EU) 2025/2)

On 9 April, the European Banking Authority (EBA) published a consultation on revised Guidelines on limits on exposures to shadow banking entities carrying out banking activities outside a regulated framework. The EBA explained that the revised Guidelines aim to align with the updated EU large-exposure reporting framework and to support sound risk management

  • For over a decade, Foreign Financial Service Providers (FFSP) who do not hold an Australian financial services (AFS) licence have operated in Australia relying on a series of exemptions, most notably Class Order relief and Limited Connection relief arrangements.
  • These exemptions were intended as a temporary measure, while market participants awaited the passage of a

In the latest edition of our podcast series, Split the Difference, Mark Highman, Stephan Ariyan, Hannah Meakin and Simon Lovegrove compare the US and UK regulatory approaches to Prediction Markets and Events Contracts.

Listen to this episode here.

On 1 April 2026, the Treasury Laws Amendment (Genetic Testing Protections in Life Insurance and Other Measures) Bill 2025 (the Bill) passed both the House of Representatives and the Senate.

As previously mentioned, the Bill is wide ranging and includes measures in Schedule 1 that amends the Insurance Contracts Act 1984 (Cth) to