On 14 July 2025, the Financial Services and Markets Act 2000 (Markets in Financial Instruments) (Amendment) Regulations 2025 were made.

The Regulations come into force immediately after both paragraph 47 and paragraph 48 of Schedule 2 to the Financial Services and Markets Act 2023 have come into force.

The purpose of the Regulations is to give powers to the Financial Conduct Authority (FCA) to improve transparency about positions held in over-the-counter (OTC) markets. To achieve this outcome, the Regulations amend the powers of direction conferred on the FCA by regulations 27 (FCA power to require information) and 28 (FCA power to intervene) of the Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 so they can be applied to a broader set of commodity derivatives traded in the OTC market.