Tracks financial services regulatory developments and provides insight and commentary
On 22 October 2025, the European Parliament rejected the negotiating mandate proposed by the Legal Affairs Committee on the European Commission’s Omnibus proposal to reduce the scope of the Corporate Sustainability Due Diligence Directive and the Corporate Sustainability Reporting Directive.
Following the rejection and in line with Rule 72(3) of the European Parliament’s Rules of…
On 22 October 2025, the European Securities and Markets Authority (ESMA) published a final report containing draft regulatory technical standards (RTS) for the establishment of an EU code of conduct for issuer-sponsored research.
Background
In order to revitalise the market for investment research, several amendments are made to the Markets in…
On 21 October 2025, the government issued a press release regarding a proposed new AI Growth Lab which will pilot responsible artificial intelligence (AI) which can otherwise be held back by certain regulation. The press release states that the government will now move ahead with a public call for views on its AI…
On 21 October 2025, HM Treasury (HMT) published a progress update in relation to its Regulation Action Plan (the plan) published in March this year.
In this update HMT sets out where it has made progress on delivering on that plan and where it intends to go further in relation to the…
On 21 October 2025, HM Treasury (HMT) published its response to its 2023 consultation on reform of the anti-money laundering/counter-terrorist financing (AML/CTF) supervision regime.
The consultation response summarises the responses from stakeholders and sets out the government’s decision to consolidate responsibility for AML/CTF supervision of legal, accountancy and trust and company…
On 20 October 2025, the Dutch Authority for Financial Markets (Autoriteit Financiële Markten, the AFM) and the Dutch Central Bank (De Nederlandsche Bank, DNB) published a report about digital dependency in the financial sector. The key message is that the Dutch financial sector faces systemic risks as it has…
On 20 October 2025, the draft Implementation Act regarding the review MiFID II and MiFIR (Implementatiewet herziening richtlijn markten voor financiële instrumenten 2014, the Draft Implementation Act) was published for public consultation.
The Draft Implementation Act transposes the amended Markets in Financial Instruments Directive (MiFID II) into the Act…
On 20 October 2025, the Financial Conduct Authority (FCA) updated its webpage which sets out the consultation proposals for its motor finance consumer redress scheme CP25/27.
The update sets out that a data room will be operating during the consultation period to assist respondents with understanding the FCA’s analysis of loss, by providing…
On 20 October 2025, the Bank of England (BoE), Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) (the regulators) jointly published observations of effective practices in relation to cyber response and recovery capabilities.
Background
The regulators explained that the practices and examples set out are primarily from…
