On 25 March 2025, the All-Party Parliamentary Group (APPG) on Investment Fraud and Fairer Financial Services published its second Supplementary Report on the Financial Conduct Authority (FCA).
The Supplementary Report on the FCA is being published in instalments, with the first having been published in February 2025. The first instalment
On 25 March 2025, the Financial Conduct Authority (FCA) published a feedback statement, FS25/2: Immediate areas for action and further plans for reviewing FCA requirements following introduction of the Consumer Duty.
Background
The FCA launched a call for input in July 2024, which sought to understand how it could simplify its
On 25 March 2025, the Financial Conduct Authority (FCA) launched its new 5-year strategy for 2025-2030, which aims to deepen trust, rebalance risk, support growth and improve lives.
The FCA’s strategy focuses on four priorities, which are intended to reinforce each other:
FCA and PRA enforcement action covers a range of misconduct with recent outcomes including both retail and wholesale cases and findings in respect of matters as various as customer treatment, market abuse and risk management. The details of the breaches and the activity which gave rise to the issues may vary but a consistent theme
In this latest issue of Regulation Around the World we look at some of the key regulatory topics for 2025 in the following jurisdictions: United Kingdom, EU, France, Germany, Luxembourg, Netherlands, Italy, UAE, South Africa, Australia, Hong Kong, Singapore, Australia and China. We have not attempted to list every single reform expected this year but
On 19 March 2025, the Prudential Regulation Authority (PRA) published a consultation paper, CP3/25 – Recognised exchanges policy and transfer of main indices.
Background
HM Treasury made amendments in November 2024 to the definition of ‘recognised exchange’ (RE) in Article 4(1)(72)(c) of the assimilated Capital Requirements Regulation (UK CRR
On 18 March 2025, HM Treasury (HMT) and the Chancellor of the Exchequer, Rachel Reeves, published a near-final version of a statutory instrument (SI) to reform the Markets in Financial Instruments Directive Organisation Regulation (MiFID Org Regulation). The draft Markets in Financial Instruments (Miscellaneous Amendments) Regulations 2025 (the draft
The UK has announced the abolition of the Payment Systems Regulator (PSR), as part of its efforts to cut red tape and drive economic growth.
The move follows complaints from payment services firms that they were having to engage with three different regulators, costing them time, money and resource.
The government has therefore
There’s a huge amount in flux for UK financial services firms at the moment as the regulators grapple with the challenge set by HM Government’s call for them to support its central mission to drive growth in the economy.
Today saw the release of a number of reforms to regulators and the regulatory system announced
On 17 March 2025, the European Parliament’s Economic and Monetary Affairs Committee published a draft report (dated 12 March 2025) on facilitating the financing of investments and reforms to boost European competitiveness and creating a Capital Markets Union (Draghi Report).
Among other things the draft report supports the integration of institutional frameworks and