Regulation and compliance

  • Leverage in NBFI: Final report. This final report addresses financial stability risks created by NBFI leverage, focusing on risks that may arise: (i) in

Introduction

On 3 July 2025, the Financial Conduct Authority (FCA) published a consultation paper (CP 25/19) on the ancillary activities exemption (AAE).  The AAE exempts commercial users or producers of commodities from the need to be authorised as an investment firm if their trading in commodity derivatives, emissions allowances

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 22 May 2025, the Financial Conduct Authority (FCA) published a consultation paper, CP25/13 on improving the complaints reporting process.

Background

The FCA has collected complaints complaints data from regulated firms since 2002, and uses this data to help it understand market trends, identify current or emerging harms to consumers, and improve

On 21 May 2025, the International Organization of Securities Commissions (IOSCO) issued a statement on combatting online harm and the role of platform providers.

Among other things IOSCO identifies in the statement certain measures currently used in some jurisdictions that can help disrupt online harm involving financial misconduct and encourages platform providers to

As part of the third wave of its Roadmap for Retail Investor Online Safety, the International Organization of Securities Commissions (IOSCO) published on 19 May 2025 final reports on finfluencers, online imitative trading practices and digital engagement practices (DEPs). All three reports identify good practices that regulators could consider in managing

On 13 May 2025, the Financial Services and Markets Act 2023 (Commencement No. 9) Regulations 2025 (the Regulations) were made and published on legislation.gov.uk.

The Regulations are the ninth commencement Regulations made under the Financial Services and Markets Act 2023 (FSMA 2023).

The explanatory note to the Regulations provides further information on