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 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
On 13 March 2024, the European Securities and Markets Authority (ESMA) issued an overview of planned consultation papers for 2025.
The consultation papers planned for Q2 2025 include:
On 12 March 2025, the International Organisation of Securities Commissions (IOSCO) issued its work programme for 2025.
The 2025 work programme includes that IOSCO will:
In our EMEA regulatory insights series colleagues from our EMEA offices provide an update on some of the key regulatory issues they are seeing in their local market. In this latest episode Floortje Nagelkerke and Nikolai de Koning from our Amsterdam office provide a regulatory update for the Netherlands. This includes the AFM’s strategy 2023-2026
On 6 March 2025, the European Securities and Markets Authority (ESMA) issued a letter to the European Commission (dated 3 March 2025) which set out delayed and deprioritised deliverables.
Among the delayed and deprioritised deliverables are:
On 26 February 2025, the European Commission (Commission) issued a targeted consultation on the review of the functioning of commodity derivatives markets and certain aspects relating to spot energy markets.
The consultation seeks feedback on a broad range of issues including:
On 24 February 2025, the Financial Stability Board (FSB) published a letter from its Chair, Klaas Knot, to G20 Finance Ministers and Central Bank Governors ahead of their meeting on 26-27 February. Among other things the letter notes that with key reforms developed or nearing completion, the FSB is shifting toward a greater
On 19 February 2025, the International Organization of Securities Commissions (IOSCO) issued a final report setting out its findings following a thematic review of its recommendations from the 2013 report ‘IOSCO Report Technological Challenges to Effective Market Surveillance: Issues and Regulatory Tools’.
In summary, most market authorities have implemented the recommendations and have
On 20 November 2024, the European Supervisory Authorities (ESAs) published a final report on joint guidelines on the system established by the ESAs for the exchange of information relevant to the assessment of the fitness and propriety of holders of qualifying holdings, directors and key function holders of financial institutions and financial market