On 21 July 2026, the Financial Action Task Force (FATF) issued a targeted report on the regulatory challenges from decentralised finance (DeFi).
Background
In 2019, the FATF updated Recommendation15 and extended the application of the FATF Standards to virtual assets (VAs) and virtual asset service providers (VASPs).
In this latest edition of Regulation Around the World, we focus on the global transformation of the settlement of securities transactions, as many jurisdictions begin to shift from a standard settlement timeline of two business days after trade to just one. In this issue, we examine these developments, exploring the regulatory frameworks, cross-border challenges and technological
On 6 May 2026, the Financial Stability Board (FSB) issued a report on vulnerabilities in private credit.
The report forms part of the FSB’s work programme to enhance resilience in non-bank financial intermediation.
Private credit activity has grown rapidly, to an estimated $1.5 to 2.0 trillion in assets at end-2024 and is heavily
On 6 May 2026, the Bank for International Settlements’ Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published a consultation on proposed amendments to (i) the Resilience of central counterparties (CCPs): Further guidance on the Principles for financial market infrastructures (PFMI) (CCP resilience
3 February – 3 March 2026
ESG is changing the landscape for financial institutions as stakeholders, including investors, increasingly expect them to make their operations more sustainable.
Financial services regulators also view ESG as a priority, embedding the principles of climate-related financial risks into their supervisory frameworks and dealing with greenwashing issues.
There is
For 19 years, Norton Rose Fulbright’s Annual North American Litigation Trends Survey has tracked changes and trends defining the litigation landscape by polling legal professionals at organizations of all sizes across key commercial sectors.
Survey results show that general counsel and in-house litigation leaders are dealing with more regulatory matters compared to prior years. They
April was another fast moving month in the financial services sector. ASIC released updates to the breach reporting requirements to introduce new guidance and clarify existing guidance regarding reportable situations. The regulator also provided further communications surrounding the superannuation performance test, as well as commenced proceedings against an insurance company alleging unfair contract terms in
The Québec Court of Appeal has ruled that cooperation with a police investigation by voluntarily disclosing privileged documents will not automatically waive privilege with respect to third parties (Centre universitaire de santé McGill c. Lemay).[i] The decision compliments a wider legislative trend towards encouraging cooperation with criminal investigations (including, for example, Immunity
It used to take 75 days to get a general construction permit in Canada, now it can take close to 249.[1] In 2020 Canada ranked 34th out of 35 OECD countries for its permitting approval periods. By comparison, the average approval time in the US was reportedly 81 days.[2]
Canada’s permitting periods are
On October 3, 2022, the US Securities Exchange Commission (“SEC”) announced that it charged Kim Kardashian for failing to disclose her interest in the promotion of a crypto asset on social media, resulting in a settlement of USD 1.26 million. In its brief decision, the SEC explained that Ms. Kardashian failed to