On 11 July 2025, the European Securities and Markets Authority (ESMA) published a Final Report on revised guidelines on outsourcing to cloud service providers (CSPs).
Background
On 18 December 2020, ESMA published a Final Report on guidelines on outsourcing to CSPs. The guidelines are intended to help in-scope firms identify, address
On 11 July 2025, the European Securities and Markets Authority (ESMA) issued a public statement – Avoiding misperceptions: Guidance for crypto-asset service providers (CASPs) offering unregulated services. The purpose of the statement is to set out some of the risks that are likely to arise and the issues that CASPs should
On 11 July 2025, the European Securities and Markets Authority (ESMA) issued a Final Report on guidelines for the criteria on the assessment of knowledge and competence under the Markets in Crypto Assets Regulation (MiCA).
Background
Article 81(15) of MiCA provides for ESMA to issue guidelines specifying the criteria for the
On 11 July 2025, the Financial Conduct Authority (FCA) published an Open Finance Sprint 2025 Outcomes report.
Background
As set out in the FCA’s Strategy 2025, open finance is a key priority for the next five years.
The FCA held an Open Finance Sprint in March 2025 which brought together over 110
On 10 July 2025, the Financial Conduct Authority (FCA) issued a press release stating that it is planning to review its client categorisation rules to unlock more opportunities for wealthy investors and support capital markets, driving economic growth.
Nikhil Rathi, chief executive of the FCA, said: ‘Modernising the client classification regime will provide
On 10 July 2025, the Basel Committee on Banking Supervision (BCBS) published a horizon-scanning report on the interconnections between banks and non-bank financial intermediaries (NBFIs).
The report is part of the BCBS on-going analysis of risks and vulnerabilities to the banking system. It uses trends and case studies to set out
On 9 July 2025, the Financial Policy Committee, which forms part of the Bank of England (BoE), published its latest Financial Stability Report (Report) which sets out its views on the outlook for UK financial stability. The Report highlights several key developments around the UK’s financial stability including that UK household
On 10 July 2025, the European Securities and Markets Authority (ESMA) published the results of a peer review that looked at the authorisation of crypto asset service providers (CASPs) in Malta under the Markets in Crypto Assets Regulation.
The peer review analyses the approaches adopted by the Malta Financial Services Authority