In this latest issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance, asking six key questions in the following jurisdictions: United Kingdom, United States, Canada, EU, Luxembourg, France, Italy, Poland, Hong Kong, China, UAE, Australia and South Africa.
Read the issue here.
On 3 July 2025, the European Commission adopted a Commission Delegated Regulation supplementing the Capital Requirements Regulation (CRR) with regard to regulatory technical standards (RTS) specifying the conditions for assessing the materiality of extensions of, and changes to, the use of alternative internal models, and changes to the subset of the
On 4 July 2025, the Financial Conduct Authority (FCA) issued its response to the Cost Benefit Analysis (CBA) Panel’s Interim Annual Report.
The FCA welcomes the CBA Panel’s Interim Annual Report and is taking forward the suggestions on developing a Total Economic Value framework and reviewing its approach to discounting, with
On 4 July 2025, the Financial Conduct Authority (FCA) issued Consultation Paper 25/20: Consultation Paper on the SI regime for bonds and derivatives including Discussion Paper on equity markets (CP25/20).
Background
In November 2024, the FCA published Policy Statement 24/14 which introduces new bond and derivative transparency rules for trading venues
On 4 July 2025, the Financial Conduct Authority (FCA) issued a press release stating that it had launched a new and improved Handbook website.
The new website is currently available as a beta version which means that users can continue to access the existing Handbook website while the FCA makes sure the new
On 3 July 2025, the Prudential Regulation Authority (PRA) published Policy Statement 8/25 – Updates to the UK policy framework for capital buffers (PS8/25).
Background
In September 2024, the PRA and HM Treasury published their consultations on amendments to the UK framework on capital buffers. These amendments would result in some
On 3 July 2025, the European Supervisory Authorities announced that they had concluded a multilateral Memorandum of Understanding (MoU) with the European Union’s new Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) to ensure effective cooperation and information exchange between the four institutions.
Article 91 of the Regulation
On 3 July 2025, there was published on legislation.gov.uk a draft of The Markets in Financial Instruments(Miscellaneous Amendments) Regulations 2025 together with a draft explanatory memorandum.
The draft statutory instrument retains certain key definitions within the UK version of Commission Delegated Regulation (EU) 2017/565, otherwise known as the MiFID Organisational Regulation or MiFID Org
On 2 July 2025, an All-Party Parliamentary Group comprising of a cross-party group of members from the House of Commons and the House of Lords published a report, Launch of ‘No Half Measures – A Blueprint to Beat APP Fraud’.
The purpose of the report, which had been prepared in consultation with industry leaders
Recently, a key milestone was passed with little or no fan-fare, however that is not to undermine its significance for firms across financial services. On 31 May 2025, the Financial Conduct Authority’s (FCA) anti-greenwashing rule became a year old – a year in which the FCA has begun to actively supervise its compliance.