On 10 October 2025, the Digital Regulation Cooperation Forum (DRCF) announced the launch of a Thematic Innovation Hub (the Hub) – the next phase in its mission to make regulation more accessible, transparent, and practical for innovators across the digital economy.
Background
The DRCF was established as a voluntary forum in 2020.
On 14 October 2025, the Financial Conduct Authority (FCA) published a consultation paper (CP25/28) proposing new rules in relation to fund tokenisation and direct-to-fund (D2F) dealing.
Background
The FCA explained that it is proposing new requirements in order to support innovation in the UK asset management sector, while putting
On 13 October 2025, the Financial Conduct Authority (FCA) announced that it would be entering into a new partnership and launching two tech sprints, ahead of launching the open finance roadmap and strategy,
Background
The FCA explained that, as set out in its letter to the Prime Minister in January, it had committed
On 10 October 2025, the Financial Stability Board (FSB) issued a report that examines how financial authorities can monitor artificial intelligence (AI) adoption and assess related vulnerabilities. The report builds on the FSB’s 2024 report and incorporates findings from a member survey on AI monitoring approaches, interviews with member authorities, publicly
On 10 October 2025, the European Banking Authority (EBA) issued two opinions in response to the European Commission’s amendments relating to the draft Regulatory Technical Standards specifying the composition and liquidity requirements of the reserve of assets under the Markets in Crypto-Assets Regulation (MiCA). The EBA considers that the Commission’s proposed
On 9 October 2025, the European Banking Authority (EBA) published a report on tackling money laundering and terrorist financing risks in Cryptoasset services, including what can be learned from recent supervisory cases across the EU and how competent authorities can strengthen their approach to supervision.
Key findings
The report summarises lessons learnt from
On 6 October 2025, HM Treasury (HMT) issued, G7 cyber expert group statement on Artificial Intelligence and Cybersecurity.
Rather than set guidance or regulatory expectations, the statement seeks to raise awareness of artificial intelligence’s (AI) cybersecurity dimensions and outlines key considerations for financial institutions, regulatory authorities, and other stakeholders that
On 3 October 2025, there was published in the Official Journal of the EU (OJ), Commission Delegated Regulation (EU) 2025/1264 of 27 June 2025 supplementing the Regulation on markets in crypto assets (MiCA) with regard to regulatory technical standards (RTS) specifying the minimum contents of the liquidity management policy
On 30 September 2025, the European Securities and Markets Authority (ESMA) issued the official EU translations of the guidelines on outsourcing to cloud service providers by depositaries under the Alternative Investment Fund Managers Directive and the UCITS Directive that are not subject to the Regulation on digital operational resilience for the financial sector.
On 25 September 2025, the Australian Government opened a consultation on draft legislation to regulate digital asset platforms and tokenised custody platforms by introducing each as new financial products.
The draft legislation seeks to implement the Australian Government’s commitment in the 2024-2025 Budget to modernise Australia’s digital asset regulations. The proposals would address the current