Tracks financial services regulatory developments and provides insight and commentary
On 13 May 2026, the Financial Conduct Authority (FCA) issued a press release announcing that it will review how consumer investment firms support bereaved customers.
Research prepared for the FCA reports that only 47% of bereaved customers felt they received the support needed from financial firms, and so has launched its review to…
On 13 May 2026, the European Securities and Markets Authority (ESMA) published a resolution briefing for central counterparties (CCPs).
The resolution briefing is issued under Article 25 of the ESMA Regulation and Article 5 of Regulation (EU) 2021/23. The objective of the CCP resolution briefing is to provide a methodology to…
On 12 May 2026, the EU Anti-Money Laundering Authority (AMLA) published a reporting package that sets out reporting instructions for Member State supervisors to use in order to identify which entities meet the criteria for inclusion in the selection for direct supervision, which will take place in 2027. The package consists of a…
On 21 April 2026, the EU Parliament adopted a new Anti-Corruption Directive, introducing a comprehensive anti-corruption criminal law to Member States with significant corporate penalties. The Directive reinforces cooperation with EU agencies and bodies including the European Anti-Fraud Office, the European Public Prosecutor’s Office, Europol and Eurojust, signalling a coordinated enforcement landscape for cross-border corruption…
In the latest edition of our podcast series, Split the Difference, we kick off a two-part mini-series exploring the differences and similarities between cryptoasset authorisation in the UK and the EU. Part 1 focuses on structure and scope, setting the scene for Part 2, in which we turn our attention to authorisation and supervision.
Listen…
On 12 May 2026, HM Treasury (HMT) published its response to its Regulatory Environment – Cross cutting Reforms consultation.
Summary
HMT sets out that overall respondents were broadly supportive of the government’s aims and proposed reforms, and agreed that the regulatory environment could be refined to better support growth and competitiveness and…
On 12 May 2026, the European Securities and Markets Authority (ESMA) updated its Opinion on the Trading Venue Perimeter.
The changes that ESMA has made to its previous opinion are in red.
In particular, ESMA has added a new paragraph 51 regarding pre-trade transparency requirements applicable to non-equity instruments. The paragraph provides that:…
On 11 May 2026, the European Commission (Commission) issued a report on money market funds (MMFs) together with FAQs.
Report
In 2023, the Commission published a report showing that “the MMF Regulation successfully passed the test of liquidity stress experienced by MMFs during the COVID-19 related market turmoil of March 2020…
On 11 May 2026, the EU Anti-Money Laundering Authority (AMLA) issued a consultation paper under Directive 2024/1640 (AMLD) on draft regulatory technical standards (RTS) setting out the respective duties of the home and host supervisors, and the modalities of cooperation between them.
The draft RTS have been developed under…
