On 18 November 2025, the Prudential Regulation Authority (PRA) published a policy statement (PS 24/25) setting out final rules in relation to increasing the Financial Services Compensation Scheme (FSCS) deposit protection limits.
Background
The FSCS is the UK’s deposit guarantee scheme, which protects eligible deposits by providing compensation to depositors if
On 17 November 2025, the Joint Money Laundering Steering Group (JMLSG) published a consultation on amendments to several paragraphs in its guidance.
In particular, the proposed revisions would be to Chapter 3 – in relation to the standing of the money laundering reporting officer and monitoring effectiveness of money laundering controls – and
On 17 November 2025, the International Organisation of Securities Commissions (IOSCO) issued a consultation report on valuing collective investment schemes (CIS).
Proposals
The consultation report sets out proposals to draw upon two sets of IOSCO’s Principles (the 2013 Principles for the Valuation of Collective Investment Schemes and the 2007 Principles for
On 17 November 2025, the Financial Stability Board (FSB) published a practices paper on the operationalisation of transfer tools.
The FSB has developed this practices paper as part of the lessons from the 2023 banking turmoil and it is intended to support resolution authorities’ preparedness to use transfer tools.
In particular it
On 17 November 2025, the European Securities and Markets Authority (ESMA) issued a peer review report on the supervision of depositary obligations.
Peer review
The report sets out ESMA’s findings following a peer review on the supervision of depositary obligations, under two supervisory expectations, oversight and safekeeping. For oversight there were two
On 13 November 2025, The Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2025 were laid before Parliament together with an explanatory memorandum. These Regulations, which come into force on 16 December 2025, extend by 12 months the transitional arrangements under Parts 2 and 3 of the Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2019
On 11 November 2025, the Network for Greening the Financial System (NGFS) published an updated version of its Guide on Climate Scenario Analysis.
The Guide serves as a practical reference for authorities and financial institutions aiming to integrate climate scenario analysis into their risk management frameworks and decision-making processes. A key addition is
On 13 November 2025, the Financial Conduct Authority (FCA) published a multi-firm review in relation to how contracts for difference (CFD) providers comply with their obligations under the Consumer Duty ‘Price and Value’ outcome.
Background
The FCA explained that this review follows on from a portfolio letter sent to CFD firms
On 13 November 2025, the European Parliament issued a press release stating that MEPs had adopted their position on simplified sustainability reporting and due diligence. The updated rules are part of the Omnibus I simplification package proposed by the European Commission on 26 February 2025. Negotiations with EU governments, which have already adopted their position
On 11 November 2025, the European Parliament’s Committee on Economic and Monetary Affairs (ECON) published a report which contained a motion for a European Parliament Resolution on the impact of artificial intelligence (AI) on the financial sector.
Overview
The report examines the use and impact of AI in the financial services