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United Kingdom
FCA publishes Mills Review into AI and the future of retail financial services
On 6 July 2026, the Financial Conduct Authority (FCA) published the Mills Review into artificial intelligence (AI) and the future of retail financial services.
Background
On 27 January 2026, the FCA announced that it was launching a review into the implications of advanced AI on consumers, retail financial markets and regulators. The…
Draft SI: The Over-the-Counter Derivatives (Intragroup Transactions) Regulations 2026
On 3 July 2026, there was published a draft statutory instrument (SI) The Over-the-Counter Derivatives (Intragroup Transactions) Regulations 2026.
Background
As part of the EU exit process, the European Market Infrastructure Regulation (EMIR) became part of UK assimilated law in the UK European Market Infrastructure Regulation (UK EMIR).
Vodcast | Consumer use of Agentic AI and Financial Services Regulation
In this vodcast, Marcus Evans and Matt Gregory discuss potential issues that could arise for firms from a customer’s use of agentic AI systems, and the broader interaction between agentic AI use by consumers and the financial services regulatory framework.
Listen to this vodcast here.
Draft SI: The Overseas Prudential Requirements Regime (Credit Institutions and Investment Firms) Regulations 2026
On 3 July 2026, there was published a draft statutory instrument (SI) The Overseas Prudential Requirements Regime (Credit Institutions and Investment Firms) Regulations 2026.
Background
The UK Capital Requirements Regulation (UK CRR) was revoked by the Financial Services and Markets Act 2023 (FSMA 2023) subject to commencement by…
The Financial Services Act 2012 (Relevant Functions in relation to Complaints Scheme) (Amendment) Order 2026
On 3 July 2026, there was published The Financial Services Act 2012 (Relevant Functions in relation to Complaints Scheme) (Amendment) Order 2026.
Background
This Statutory Instrument (SI) widens the remit of the Financial Regulators Complaints Commissioner (FRCC), as set out in the Financial Services Act 2012 (Relevant Functions in relation…
PVDC publishes updated policy paper in relation to roles and responsibilities in the future retail payments ecosystem
On 2 July 2026, the Payments Vision Delivery Committee (PVDC) published an updated policy paper setting out thinking to guide engagement with stakeholders in the payment ecosystem on future roles, responsibilities and interactions with respect to the future core infrastructure.
Background
Following publication of the PVDC’s Strategy for Future Retail Payments Infrastructure in…
FCA publishes policy statement on regulated fees and levies 2026/27
On 2 July 2026, the Financial Conduct Authority (FCA) published a policy statement (PS26/14) setting out its regulated fees and levies for the year 2026/27.
Background
The FCA is funded by fees and levies from the firms it regulates. In relation to this, the FCA are publishing the revised final 2026/27…
FCA publishes consultation paper on simplifying consumer investment disclosures
On 2 July 2026, the Financial Conduct Authority (FCA) published a consultation paper setting out proposals for how it intends to simply consumer investment disclosures.
Background
In December 2025, the FCA published a policy statement (PS25/20) setting out final rules for a new disclosure regime for packaged retail investment products now…
Global Regulation Tomorrow Plus: AI mini-series – Unpacking the FCA’s Technology Horizon Scan 2026
In this podcast episode, Simon Lovegrove is joined by Peter McBurney, a consultant and Professor of Computer Science, and Matthew Gregory, Matthew Gregory, a partner in our London financial services team, to examine the FCA’s Emerging Technology Horizon Scan 2026 — the regulator’s first external publication of its kind. The report explores how converging technologies…




