Tracks financial services regulatory developments and provides insight and commentary
On 21 April 2026, the European Commission adopted a draft Commission Delegated Regulation supplementing Regulation 2024/3005 (ESG rating Regulation) with regard to regulatory technical standards specifying the measures and safeguards to be implemented by ESG rating providers to separate their ESG rating activities from their other activities.
The structure of the draft Commission…
On 21 April 2026, HM Treasury (HMT) issued a policy note and draft statutory instrument on amendments to the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 (the Crypto Regulation).
Policy note and draft SI
Earlier this year the government passed the Crypto Regulation. The draft statutory instrument (draft…
On 21 April 2026, HM Treasury (HMT) published its consultation response in relation to proposals to take a streamlined approach to payment systems regulation.
Background
In September 2025, HMT published its ‘A Streamlined Approach to Payment Systems Regulation’ consultation, seeking views on proposals to abolish the Payment Systems Regulator (PSR) and…
Our latest briefing note on prediction markets and key developments in the US is now available here.
On 1 February 2026, the Saudi Capital Market Authority implemented amendments to the Rules for Foreign Investment in Securities, opening the Kingdom’s capital market to all categories of foreign investors for direct investment in the local stock exchange, the Tadawul. The reforms eliminate the concept of the Qualified Foreign Investor, remove the regulatory framework governing…
On 17 April 2026, the European Banking Authority (EBA) published its response to the European Commission’s consultation on strengthening the competitiveness of the EU banking sector. The response also builds on the EBA’s October 2025 report on the efficiency of the regulatory and supervisory framework (the Task Force on Efficiency – TFE –…
On 20 April 2026, the Financial Conduct Authority (FCA) published its findings following its analysis of the impact of market soundings on market quality in equity capital market (ECM) transactions in UK listed shares.
Background
The FCA explained that market soundings help determine interest in a transaction before it is announced…
On 16 April 2026, the Treasury Select Committee (TSC) published Reponses from HM Treasury (HMT), the Bank of England (BoE) and Financial Conduct Authority (FCA) (together the Regulators) to its report in relation to AI in Financial Services (the Report).
Background
In January 2026, the…
