On 10 October 2025, the Financial Stability Board (FSB) issued a report that examines how financial authorities can monitor artificial intelligence (AI) adoption and assess related vulnerabilities. The report builds on the FSB’s 2024 report and incorporates findings from a member survey on AI monitoring approaches, interviews with member authorities, publicly
ESMA updates manual on post-trade transparency under MiFID II/MiFIR
On 10 October 2025, the European Securities and Markets Authority (ESMA) issued a red line version of its updated manual on post-trade transparency under MiFID II/MiFIR.
The updates to the manual reflect the changes in the revised MiFID II/MiFIR that were not affected by Level 2 measures.
In December 2024, ESMA submitted…
ESMA issues second statement on the transition for the application of the MiFID II/MiFIR review
On 10 October 2025, the European Securities and Markets Authority (ESMA) issued its second statement concerning the transition for the application of the MiFID II/MiFIR review.
ESMA issued its first statement on the MiFID II/MiFIR review on 27 March 2024 and the statement complements an interpretative notice issued by the European Commission (…
EBA issues opinions on Commission’s proposed changes to the draft RTS on liquidity requirements of the reserve of assets under MiCA
On 10 October 2025, the European Banking Authority (EBA) issued two opinions in response to the European Commission’s amendments relating to the draft Regulatory Technical Standards specifying the composition and liquidity requirements of the reserve of assets under the Markets in Crypto-Assets Regulation (MiCA). The EBA considers that the Commission’s proposed…
Global Regulation Tomorrow Plus: Mansion House and Leeds Reforms mini-series – proposals regarding the Financial Ombudsman Service and redress
In the last episode of our mini-series on the Chancellor’s Mansion House speech and Leeds Reforms, Katie Stephen, Matthew Gregory and Catherine Pluck discuss the proposals in relation to the Financial Ombudsman Service and redress.
Listen to our podcast here.
Guidance on information sharing measures in the Economic Crime and Corporate Transparency Act 2023 updated
By Catherine Pluck (UK) on
On 3 October 2025, updated guidance was published regarding the information sharing measures in the Economic Crime and Corporate Transparency Act 2023 (ECCTA) (the Revised Guidance).
ECCTA allows the direct and indirect sharing of information between businesses in the anti-money laundering (AML) regulated sector in order to prevent, detect and…
Regulatory Reform Omnibus Bill 2025
By Liz Hastilow on
On 8 October 2025, the Treasury Laws Amendment (Strengthening Financial Systems and Other Measures) Bill 2025 reached the third reading stage in the House of Representatives.
The Bill is an omnibus Bill which amends the Corporations Act 2001 (Cth) in addition to various taxation, charities, financial regulation oversight, competition and foreign investment laws in the…
ASIC issues latest annual report
By Liz Hastilow on
On 8 October 2025, the Australian Securities and Investments Commission (ASIC) issued its latest annual report.
The annual report covering 1 July 2024 to 30 June 2025 reflects on ASIC’s work during the year where enforcement activity was ramped up and a significant body of work to address regulatory complexity in Australia’s…
Treasury Laws Amendment (Payday Superannuation) Bill 2025
By Lucinda McCann on
On 9 October 2025, the Government introduced the Treasury Laws Amendment (Payday Superannuation) Bill 2025 and the Superannuation Guarantee Charge Amendment Bill 2025.
Background
The Bills amend the Superannuation Guarantee (Administration) Act 1992 (Cth) and the Superannuation Guarantee Charge Act 1992 (Cth) to ensure superannuation guarantee (SG) contributions are paid in full…
ESMA consults on EMIR 3 draft RTS on participation requirements
On 9 October 2025, the European Securities and Markets Authority (ESMA) published a Consultation Paper on draft Regulatory Technical Standards (RTS) on the elements to be considered when central counterparties (CCPs) define participation requirements.
Regulation (EU) No 2024/2987 amending Regulations (EU) No 648/2012, (EU) No 575/2013 and (EU) 2017/1131…