On 13 October 2025, the European Securities and Markets Authority (ESMA) issued a Final Report on amendments to Commission Delegated Regulation (EU) 2018/1229 (the Regulatory Technical Standards (RTS) on settlement discipline) which supplements the Central Securities Depositories Regulation (CSDR).

Background

Regulation (EU) 2023/2845 (CSDR Refit) has made…

On 13 October 2025, HM Treasury (HMT) published guidance to help industry prepare to use the UK Sanctions List (UKSL) as the source for UK sanctions designations once the Office of Financial Sanctions Implementation (OFSI) Consolidated List of Asset Freeze Targets closes.

Background

HMT explains that UK sanctions designations…

On 13 October 2025, the Financial Conduct Authority (FCA) announced that it would be entering into a new partnership and launching two tech sprints, ahead of launching the open finance roadmap and strategy,

Background

The FCA explained that, as set out in its letter to the Prime Minister in January, it had committed…

On 9 October 2025, the Albanese Government released an exposure draft of a Bill that lays the foundations for a new regulatory framework for payment service providers (PSPs). The draft Bill builds on the changes the Government made last month with the passage of the Treasury Laws Amendment (Payments System Modernisation) Bill 2025…

On 10 October 2025, the Australian Securities and Investments Commission (ASIC) issued a media release urging financial services entities to strengthen governance and risk management in relation to offshore service providers (OSPs), following a review that identified significant weaknesses.

Licensees

ASIC reviewed the use of OSPs by Australian financial services advice licensees and their representatives.

On 9 October 2025, the Anti-Money Laundering Action Plan Act (Wet plan van aanpak witwassen, the Act) was published in the Dutch Government Gazette. The Act introduces a ban on cash payments of EUR 3,000 or more by traders of goods in the Netherlands.

This measure forms part of the Dutch government’s…

On 10 October 2025, the Digital Regulation Co-operation Forum (DRCF) published a report setting out learnings from its AI and digital hub pilot.

The AI and Digital Hub pilot was the DRCF’s trial of a multi-agency advice service, designed to support innovators navigating the evolving regulatory landscape for AI and digital technologies, which…

On 10 October 2025, the Payment Systems Regulator (PSR) published a decision not to proceed with an interim cap for UK-EEA cross-border interchange fees, alongside a statement of reasons explaining this decision.

Summary

The PSR explained that in its earlier final report on the market review into the UK-EEA cross-border interchange fees, it…

On 9 October 2025, the Financial Markets Standards Board (FMSB) published in final form a Statement of Good Practice on Unauthorised Trading Frameworks.

The FMSB is an industry-led, member-funded global standards body for the wholesale financial markets.

The FMSB has issued the Statement of Good Practice to help establish practical, industry-wide guidance…