- The FOS is adapting its approach to align with the direction of travel set out in the FCA’s
FOS responds to FCA CP26/10: Simplifying the pensions and investment advice rules
FCA and OFSI MoU
On 5 June 2026, the Financial Conduct Authority and Office of Financial Sanctions Implementation entered into a Memorandum of Understanding (MoU). The MoU sets out the arrangements for cooperation and exchange of information between the two regulators and replaces an earlier MoU dated 21 November 2023.
UK Payments Initiative: UK banks and fintechs launch new payment scheme
On 2 June 2026, the launch of the UK Payments Initiative (UKPI) was announced intended to take forward innovation in open banking and commercial variable recurring payments.
Summary
The new scheme is intended to enable recurring and automated payments to businesses and government, in a way that is consistent, scalable, and designed for
FCA CP26/17: Quarterly Consultation Paper No. 52
- Simplifying climate disclosure requirements for investment products: Following a post-implementation review of its climate disclosure rules for asset
FCA respond to firms’ questions on interaction between Money Laundering Regulations and new cryptoassets regulatory framework
On 3 June 2026, the Financial Conduct Authority (FCA) published a set of responses to questions raised by firms on the introduction of anti-money laundering (AML) regulations for cryptoasset firms, specifically, on the interaction between the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (
House of Lords Financial Services Regulation Committee report on growth and regulation of stablecoins
On 3 June 2026, the House of Lords Financial Services Regulation Committee (the Committee) published its report, Stablecoins: waiting for regulation (the Report). The report follows an inquiry launched in January 2026 into the growth and proposed regulation of stablecoins in the UK, with a focus on the Bank of England’s
Cryptoasset firms – are you ready for UK authorisation?
Firms that wish to provide cryptoasset services in the United Kingdom (which in some cases means from outside the UK) will need to become authorised by the Financial Conduct Authority (FCA) from 25 October 2027.
Firms will be able to submit applications from 30 September 2026 and would be well advised to do
FCA cries foul over football club sponsorship deals
The FCA has issued a warning to football clubs setting out its concerns about sponsorship arrangements between football clubs and firms operating cryptocurrency exchanges or trading platforms without FCA authorisation.
Sponsorship deals with crypto-market players have been pursued by a number of clubs over recent years. However, over this time the regulatory landscape for firms
The Financial Services and Markets Act 2023 (Commencement No. 14) Regulations 2026
On 3 June 2026, The Financial Services and Markets Act 2023 (Commencement No. 14) Regulations 2026 were made.
These Regulations are the 14th commencement Regulations made under the Financial Services and Markets Act 2023 (the Act).
These Regulations bring into force on 13 July 2026 section 1(1) of the Act so far as it
New briefing note: AI and privilege part two, regulatory inquiries and investigations – Key considerations for professional services and financial services firms
We have published the second briefing in a two-part series examining the intersection of artificial intelligence (AI) and legal professional privilege in the context of investigations. Part 1 in this series addressed: (i) a recap on key privilege principles and their interaction with generative AI tools; and (ii) privilege considerations arising in internal