On 3 June 2026, the Financial Conduct Authority (FCA) published a set of responses to questions raised by firms on the introduction of anti-money laundering (AML) regulations for cryptoasset firms, specifically, on the interaction between the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (
House of Lords Financial Services Regulation Committee report on growth and regulation of stablecoins
On 3 June 2026, the House of Lords Financial Services Regulation Committee (the Committee) published its report, Stablecoins: waiting for regulation (the Report). The report follows an inquiry launched in January 2026 into the growth and proposed regulation of stablecoins in the UK, with a focus on the Bank of England’s…
AMLA consults on draft guidelines on ongoing monitoring of a business relationship
On 3 June 2026, the EU Anti-Money Laundering Authority (AMLA) issued a consultation on draft guidelines on ongoing monitoring of business relationships.
The draft guidelines are developed under Article 26(5) of the Anti-Money Laundering Regulation and are intended to support obliged entities in implementing their ongoing and transaction monitoring duties. They set out…
Commission adopts Delegated Regulation amending market risk requirements
On 4 June 2026, the European Commission (Commission) adopted a Delegated Regulation amending the Capital Requirements Regulation (CRR) as regards temporary targeted operational relief measures and targeted multipliers for the calculation of an institution’s own funds requirements for market risk. The Commission has also issued Q&As on the Delegated Regulation.
The…
Cryptoasset firms – are you ready for UK authorisation?
Firms that wish to provide cryptoasset services in the United Kingdom (which in some cases means from outside the UK) will need to become authorised by the Financial Conduct Authority (FCA) from 25 October 2027.
Firms will be able to submit applications from 30 September 2026 and would be well advised to do…
FCA cries foul over football club sponsorship deals
The FCA has issued a warning to football clubs setting out its concerns about sponsorship arrangements between football clubs and firms operating cryptocurrency exchanges or trading platforms without FCA authorisation.
Sponsorship deals with crypto-market players have been pursued by a number of clubs over recent years. However, over this time the regulatory landscape for firms…
The Financial Services and Markets Act 2023 (Commencement No. 14) Regulations 2026
On 3 June 2026, The Financial Services and Markets Act 2023 (Commencement No. 14) Regulations 2026 were made.
These Regulations are the 14th commencement Regulations made under the Financial Services and Markets Act 2023 (the Act).
These Regulations bring into force on 13 July 2026 section 1(1) of the Act so far as it…
Published in OJ – Amendments to Delegated Regulation on ex ante contributions to resolution financing arrangements under BRRD
On 3 June 2026, there was published in the Official Journal of the EU (OJ), Commission Delegated Regulation (EU) 2026/440 of 24 February 2026 amending Delegated Regulation (EU) 2015/63 as regards the calculation of the contributions of certain institutions, the deletion of a risk indicator and procedural modifications.
Delegated Regulation makes certain amendments…
ESAs issue first report on DORA major ICT-related incidents
On 3 June 2026, the European Supervisory Authorities (ESAs) published their first annual overview of major ICT-related incidents in the EU financial sector based on a reporting mechanism established by the Digital Operational Resilience Act (DORA).
Article 22(2) of DORA mandates the ESAs to report yearly on major ICT-related incidents, setting…
ESMA letter on 2026 prioritisation
On 3 June 2026, the European Securities and Markets Authority (ESMA) published a letter that it had sent to the European Commission regarding the prioritisation of its 2026 deliverables. The letter includes an annex setting out deliverables that are deprioritised or postponed in 2026. These include technical standards and guidelines that are being…