- Tokenisation in UK wholesale financial markets.
- FCA rules on AI in financial services.
- Regulation
Financial Services and Markets Bill concludes Lords committee stage
House of Lords Financial Services Regulation Committee publishes FCA and PRA correspondence in relation to the FCA and PRA secondary competitiveness and growth objective
On 9 July 2026, the House of Lords Financial Services Regulation Committee (the Committee) published correspondence from the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) providing a one-year update in relation to the FCA’s and PRA’s secondary competitiveness and growth objective.
The FCA highlighted the following it
ESMA Supervisory briefing on triangular passporting
On 7 July 2026, the European Securities and Markets Authority (ESMA) issued a Supervisory Briefing on triangular passporting.
MiFID II does not explicitly cover, nor prohibit the practice of triangular passporting. Triangular passporting is the practice of authorised investment firms using a branch or tied agent established through the freedom of establishment (Article
BoE publishes latest financial stability report
On 7 July 2026, the Bank of England (BoE) published the latest Financial Stability Report, which sets out the Financial Policy Committee’s (FPC) view on the stability of the UK financial system and what it is doing to remove or reduce any risks to it.
Key points highlighted in the report
BoE publishes latest Financial Stability in Focus on the bank capital framework
On 7 July 2026, the Bank of England (BoE) published its latest Financial Stability in Focus (FSiF) setting out the FPC’s view on specific topics related to financial stability.
Background
In December 2025, the FPC revisited its assessment of appropriate capital requirements for the UK banking system. The FPC welcomed feedback
FCA Primary Market Bulletin 64
- Confirm
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The UK Capital Requirements Regulation (UK CRR) was revoked by the Financial Services and Markets Act 2023 (FSMA 2023) subject to commencement by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
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
Independent Football Regulator publishes final licensing rules and guidance
On 1 July 2026, the Independent Football Regulator (IFR) published final licensing rules and guidance in relation to its licensing regime for football clubs in the top five tiers of English football.
Under the regime, all 116 clubs competing in the top five divisions, plus clubs in National League North or South who