Our podcast mini-series on ‘Crypto under the FCA’ examines the FCA’s highly anticipated policy statements published on 30 June 2026, which collectively shape the new regulatory regime for cryptoassets in the United Kingdom. This latest podcast in the series focuses on the FCA’s new crypto authorisation application forms as the FCA has published detailed information
United Kingdom
New briefing note: Whistleblowing – a timely reminder for regulated businesses
The allegations concerning the National Energy System Operator that have been brought into the public spotlight by Shadow Energy Secretary Claire Coutinho over the past week continue to attract significant attention. While the facts remain unclear and it would be wrong to speculate on the merits of the allegations, the episode serves as a timely…
Government publishes call for evidence in relation to unauthorised fraud in the UK
On 15 July 2026, the government published a call for evidence in relation to unauthorised fraud in the UK.
Background
The government sets out that unauthorised fraud refers to fraudulent transactions made without the account holder’s knowledge or consent where access is gained to a bank account, payment card, or remote banking channel and make…
FCA closes investigation into Drax Group plc: what it tells us about the FCA’s new enforcement transparency regime and lessons for firms

Last month the Financial Conduct Authority (FCA) announced that it had closed its investigation into Drax Group plc (Drax), having found no evidence that justified any further action. The closure is a noteworthy development, not only for Drax but also in the broader context of the FCA’s new framework for publicising…
Podcast | Global Regulation Tomorrow Plus – Crypto under the FCA – Operational Resilience

Our podcast mini-series on ‘Crypto under the FCA’ examines the FCA’s highly anticipated policy statements published on 30 June 2026, which collectively shape the new regulatory regime for cryptoassets in the United Kingdom. This podcast in the series focuses on the FCA’s approach to operational resilience, one of the core cross-cutting requirements the FCA has…
Podcast | Global Regulation Tomorrow Plus – Crypto under the FCA – Market abuse
Our podcast mini-series on ‘Crypto under the FCA’ examines the FCA’s highly anticipated policy statements published on 30 June 2026, which collectively shape the new regulatory regime for cryptoassets in the United Kingdom. This podcast in the series focuses on the FCA’s approach to the new Admissions & Disclosures and Market Abuse Regime for Cryptoassets…
Consultation on a new UK captive regime

On 14 July, the PRA and FCA published consultation papers PRA CP11/26 – A tailored regime for captive insurance (PRA CP11/26) and CP26/29: A tailored regime for captive insurance (FCA CP26/29) setting out a proposed regulatory framework for captive insurance aimed at establishing the UK as “a centre for the fast-growing captive…
Global Regulation Tomorrow Plus – Crypto under the FCA – Consumer Duty
Our podcast mini-series on ‘Crypto under the FCA’ examines the FCA’s highly anticipated policy statements published on 30 June 2026, which collectively shape the new regulatory regime for cryptoassets in the United Kingdom. This latest podcast in the series looks specifically at how the Consumer Duty applies to cryptoasset firms.
Listen to this episode here
HMT publishes consultation on Recognised Payment Systems and Digital Settlement Asset Service Providers Fee Regime
On 15 July 2026, HM Treasury (HMT) published a consultation paper in relation to the Recognised Payment Systems and Digital Settlement Asset Service Providers fee regime.
Background
The Bank of England (BoE) currently charges fees to operators of recognised payment systems and specified service providers in relation to those systems. Those…
New briefing note: DEMAT – UK implementation plan for withdrawal of paper share certificates
On 14 July 2026, the Dematerialisation Market Action Taskforce (DEMAT) published its implementation plan for the withdrawal of paper share certificates and the move to a digital share register model for shares held outside CREST (Report). This briefing note summarises the key recommendations of the Report and the implications for issuers and shareholders.










