Tracks financial services regulatory developments and provides insight and commentary
On 30 June 2025, the European Securities and Markets Authority (ESMA) issued a Final Report following a Common Supervisory Action (CSA) with Member State competent authorities (NCA) on the integration of sustainability risks and disclosures in the investment fund sector.
Background
The purpose of the CSA was to assess…
On 30 June 2025, the European Banking Authority (EBA) published a Final Report containing technical advice on a possible Delegated Act on fees for the validation of pro forma models.
Background
Regulation (EU) 2024/2987 amending the European Market Infrastructure Regulation (EMIR) grants the EBA certain additional tasks on models used by…
On 27 June 2025, the Financial Conduct Authority (FCA) published Handbook Notice No 131.
This Handbook Notice describes the changes to the FCA Handbook and other material made by the FCA ERPC and Board under their legislative and other statutory powers on 9 May 2025, 22 May 2025, 9 June 2025 and…
On 27 June 2025, the Financial Conduct Authority (FCA) issued Policy Statement 25/7 – Data Decommissioning: Removing reporting and notification requirements (PS25/7).
Background
On 16 April 2025, the FCA published Consultation Paper 25/8 – Data Decommissioning: Removing reporting and notification requirements (CP25/8). In CP25/8, the FCA proposed removing two…
On 27 June 2025, there was published in the Official Journal of the EU a Corrigendum to Regulation (EU) 2024/2987 of the European Parliament and of the Council of 27 November 2024 amending Regulations (EU) No 648/2012, (EU) No 575/2013 and (EU) 2017/1131 as regards measures to mitigate excessive exposures to third-country central counterparties and…
On 27 June 2025, the European Commission adopted a Delegated Regulation supplementing the Regulation on markets in crypto assets (MiCA) with regard to regulatory technical standards (RTS) specifying the minimum contents of the liquidity management policy and procedures for certain issuers of asset-referenced tokens and e-money tokens.
The provisions in the…
On 26 June 2025, the Australian Prudential Regulation Authority (APRA) published data on superannuation retirement products.
This is the first time that APRA has issued such data which is intended to increase transparency regarding investment returns, fees and costs and investment strategies at a product level. Key performance data for 600 multi-sector investment…
On 26 June 2025, the Australian Prudential Regulation Authority (APRA) published the results of its latest stakeholder survey which took place over four weeks in February and March 2025.
Background
APRA has conducted biennial surveys of the entities that it regulates since 2009 and uses the feedback to understand the effectiveness and impact…
On 26 June 2025, the Financial Conduct Authority (FCA) updated its webpage on Handbook of rules and guidance by adding new text which states that the regulator is launching a new and improved Handbook website.
The new website is part of the FCA’s 5-year strategy to be a smarter regulator and a beta…
On 26 June 2025, the Prudential Regulation Authority (PRA) issued its second report setting out how it has advanced its secondary competitiveness and growth objective, alongside its secondary competition objective. The report covers the period from July 2024 to June 2025. The report was presented to Parliament pursuant to section 26 of the…
