Tracks financial services regulatory developments and provides insight and commentary
In the latest episode of our podcast mini-series on the UK Asset Management Framework Reforms, we turn our attention to the FCA’s proposed approach to firm size thresholds and residual collective investment scheme (CIS) operators.
The mini-series examines the FCA’s consultation papers published on 14 July 2026, which set out a package of reforms for…
In our latest podcast episode on the Consumer Duty, we unpack FCA consultation paper 26/23 — a pivotal paper that could reshape how firms approach about the Duty’s reach. We explore the FCA’s proposals on scope and application, break down the proposals regarding proportionality, and examine the proposed expectations around principal and secondary manufacturers.
Listen…
On 5 August 2026, the European Banking Authority (EBA) issued a consultation paper on a new reporting framework to support the validation and ongoing monitoring of initial margin models based on the ‘Standard Initial Margin Model’ (SIMM) developed by the International Swaps and Derivatives Association (ISDA). The proposed reporting…
On 5 August 2026, the Financial Conduct Authority (FCA) published Policy Statement 26/16: Changes to information flows for UK equity IPOs (PS26/16).
Background
In PS26/16 the FCA responds to feedback to consultation paper (CP) CP26/14. In CP26/14 the FCA outlined proposals to amend its rules on information flows…
As businesses grapple with increasingly complex and interconnected risks, from climate-related disruptions to geopolitical instability and supply chain fragility, the search for flexible and cost-effective risk management solutions has never been more pressing.
The use of captive insurance vehicles as a mechanism for alternative risk transfer is well established, offering corporates a powerful tool to…
The CFTC has eliminated Part 20 large trader reporting requirements for physical commodity swaps, ending daily and event-based reporting obligations for clearing organizations, clearing members, and swap dealers. The change reflects the maturity of the CFTC’s swap data reporting framework, while recordkeeping and special-call requirements remain in place.
Read our full update here.
On 4 August 2026, the Financial Conduct Authority (FCA) published a new web page providing information for regulated firms on how physical risks from climate change, such as flooding, may impact the property insurance and mortgage markets and how the FCA can help.
Among other things the FCA’s web page notes that the…
Luxembourg fund managers now have a route to statutory ring-fencing between pools of assets within a single SCS (Société en Commandite Simple) or SCSp (Société en commandite spéciale) without accepting a product-law wrapper. Bill 8814, filed on 30 July 2026, proposes to decouple the two.
The Bill would amend the AIFM…
On 9 July 2026, the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) issued a news update on the findings of an exploratory study of the online choice environment of platforms that offer embedded insurance.
The study shows that these environments often contain several elements that may encourage consumers to…
