On 4 November 2026, the European Commission (Commission) published a communication regarding its work programme for 2027.
The communication discusses the Commission’s main plans and priorities for 2027 and is accompanied by an Annex listing new initiatives and their expected timing, as well as initiatives the Commission intends to withdraw or repeal.
On 29 October 2026, the Council of the EU published statements on both the proposed Directive on payment services and electronic money services in the internal market (PSD3) and the proposed Regulation on payment services in the internal market (PSR) confirming that it had adopted at first reading the texts of the proposed PSD3 and
On 29 October 2026, the European Securities and Markets Authority (ESMA) issued a Final Report on technical advice on selected key performance indicators (KPIs) under Commission Delegated Regulation (EU) 2021/2178 (the Taxonomy Disclosures Delegated Act).
Background
On 4 March 2026, the European Commission (Commission) sent the European Supervisory
On 21 October 2026, the Dutch Central Bank (De Nederlandsche Bank, DNB) published its Good Practice on the evaluation of insurers’ governance systems (the Good Practice). The Good Practice is intended to give insurers practical guidance on the periodic internal evaluation of their governance system that they must carry out under
On 23 October 2026, the Council of the EU published its position at first reading (dated 21 October 2026) with a view to the adoption of the proposed Directive on payment services in the internal market amending Directive 98/26/EC and Regulation (EU) 2023/1114 and repealing Directives 2009/110/EC and (EU) 2015/2366.
On 23 October 2026, there was published in the Official Journal of the EU (OJ), Commission Delegated Regulation (EU) 2026/1763 of 13 July 2026 amending the regulatory technical standards (RTS) laid down in Delegated Regulations (EU) 2017/583 as regards transparency requirements for trading venues and investment firms in respect of derivatives
On 22 October 2026, the European Securities and Markets Authority (ESMA) announced that it had updated its Questions and Answers (Q&As) on market structure under the Markets in Financial Instruments Directive II, the Market Abuse Regulation and the Short Selling Regulation, removing outdated, duplicative and no longer relevant guidance as part of its
On 21 October 2026, the European Parliament and the Council announced that they had reached agreement on the main parts of the review of the EU securitisation framework. The agreed compromise is a key step in the legislative process, which started with a European Commission (Commission) proposal in June 2025.
Background
The current
Following the adoption of the negotiating position of the Council, the legislative review of the Market Integration and Supervision Package (MISP) is progressing in the European Parliament as well. The European Parliament Economic and Monetary Affairs (ECON) Committee is currently reviewing the European Commission’s proposals. Following the publication of proposed amendments
The FIA’s European Agent-Trustee Model (EATM) represents one of the most significant recent developments in the European OTC derivatives clearing market. Launched at LCH Ltd in December 2025, the EATM offers clients and clearing members an alternative to the principal-to-principal clearing framework. In this Briefing Note, we explore: (i) how the EATM