- Final Report on Pre-Hedging: this report considers IOSCO members’ existing regulatory
IOSCO board issues four new publications
The Financial Services (Overseas Recognition Regime) Regulations 2025
On 30 October 2025, The Financial Services (Overseas Recognition Regime) Regulations 2025 were made together with an explanatory memorandum.
Using the powers established by the Financial Services and Markets Act 2023, this statutory instrument (SI) sets out powers and obligations in relation to HM Treasury’s (HMT) Overseas Recognition Regimes. Overseas
FCA Naming and Shaming Gets Real
An as yet unnamed firm has become the latest entity to fail in seeking to judicially review a decision by the FCA (assuming no appeal) (judgment here). The decision being challenged is that the FCA should make an announcement naming the firm as being under investigation by the FCA. The case is particularly significant
Financial Services and Markets Act 2023 (Mutual Recognition Agreement) (Switzerland) Regulations 2025 published
On 31 October 2025, the Financial Services and Markets Act 2023 (Mutual Recognition Agreement) (Switzerland) Regulations 2025 (SI 2025/1145) were published on legislation.gov.uk, together with an explanatory memorandum.
Background
The Regulations, made on 30 October 2025, will make changes to UK legislation to implement the UK’s commitments under the Berne Financial Services Agreement; the
BoE and FCA additional draft Q&As: derivative reporting requirements under UK EMIR
On 31 October 2025, the Bank of England (BoE) and Financial Conduct Authority (FCA) (the authorities) published final versions of additional Q&As in relation to derivative reporting requirements under the UK European Market Infrastructure Regulation (UK EMIR) having consulted on draft Q&As in August 2025.
Background
The authorities
FCA multi-firm review on consolidation in the financial advice and wealth management sector
On 31 October 2025, the Financial Conduct Authority (FCA) published a multi-firm review assessing consolidation in the financial advice and wealth management sector, identifying a range of good practices and areas of increased risk.
Background
The FCA explained that, due to the increased consolidation in the financial advice and wealth management sector in
FCA Handbook Notice No. 134
On 31 October 2025, the Financial Conduct Authority (FCA) published Handbook Notice No. 134.
This Handbook Notice describes the changes to the FCA Handbook and other material made by the FCA Board under their legislative and other statutory powers on 2 October 2025. Where relevant, it also refers to the development stages
FCA highlights concerns about investor protections in the CFD sector
On 30 October 2025, the Financial Conduct Authority (FCA) issued a warning to investors about the risks of investing in Contracts for Differences (CFDs) and the implications of giving up retail client protections.
Overview
The FCA explained that it considers CFDs to be complex, high-risk products and that the protections given
New briefing note: FCA to become single professional services supervisor for AML/CTF – what should firms be thinking about now?
On 21 October 2025, HM Treasury published a Consultation Response providing details of responses to its 2023 consultation on the reform of the anti-money laundering/ counter-terrorist financing (AML/CTF) supervision regime and confirming that the Government has decided that the Financial Conduct Authority (FCA) should become the single professional services supervisor for
New Notice in a Nutshell briefing: Experienced investor relations team member fined and prohibited by FCA for insider dealing
On 13 October 2025, the Financial Conduct Authority (FCA) issued a Final Notice to Neil Dwane, imposing a financial penalty of £100,281 and a prohibition as a result of sales of shares prior to an announcement that the FCA concluded amounted to insider dealing. For the key takeaways from this case, as well