Last month the Financial Conduct Authority (FCA) published a Decision Notice that has been issued to Carlos Ricardo Fuenmayor, the CEO and sole controller of BancTrust Investment Bank Limited (BancTrust), imposing a financial penalty of £99,600 in connection with his failure to disclose to the FCA: (i) that, in 2017, he had…

The regulatory response to AI in financial services has been accelerating in recent months, with regulators and international standard-setters grappling with what AI—from traditional machine learning to generative and agentic systems—means for market integrity, consumer protection, financial stability, and operational resilience.

In the UK, the FCA has recently published the Mills Review which identifies AI…

On 7 July 2026, the Australian Prudential Regulation Authority (APRA) finalised its amendments to the general insurance (GI) reinsurance framework.

Background

The final changes are set out in APRA’s response paper following two rounds of consultation that took place in November 2024 and October 2025. The purpose of the reforms are…

On 7 July 2026, the Australian Securities and Investments Commission (ASIC) issued a new legislative instrument for operators of investor directed portfolio services (IDPS) and IDPS-like schemes.

Background

The new legislative instrument follows an earlier consultation that ASIC conducted on the proposed simplification of the platform instruments in Report 813 Regulatory…

On 9 July 2026, the Financial Conduct Authority (FCA) published an explanatory statement under Article 28a(9) of the UK Markets in Financial Instruments Regulation (UK MiFIR) relating to the FCA direction on the derivatives trading obligation (UK DTO).

Background

On 31 December 2024, the FCA issued a new direction…

The FCA has published a major package of finalised rules, guidance and consultations establishing the UK’s new crypto assets regulatory regime, effective from 25 October 2027, with firms needing to prepare authorisation or variation of permission applications from September this year.

In this latest video Hannah Meakin and Haney Saadah outline a six-point plan for…

On 10 July 2026, the Financial Conduct Authority (FCA) published findings of its review into firms’ approaches to products and services.

Background

The FCA explains that the Consumer Duty (the Duty) sets a higher standard for retail consumer protection and that, to support firms in meeting the requirements of the Duty, the FCA are…

On 7 July 2026, the Financial Conduct Authority (FCA) published the second edition of its enforcement newsletter – Enforcement Watch 2 – in which it covers its recent approach to supervising and enforcing the Consumer Duty (the Duty).

The FCA introduced the Enforcement Watch newsletters in light of a suggestion made in…

From 29 June 2026, organisations can be held liable in the UK where a senior manager commits an offence while acting within the actual or apparent scope of their authority. This represents a significant expansion of corporate criminal liability in the UK, building on the regime introduced by the Economic Crime and Corporate Transparency Act…