This podcast examines the FCA’s highly anticipated policy statement (PS26/15) on improving the UK transaction reporting regime. This follows from a consultation paper (CP25/32) on the same topic that was published back in November 2025. The policy statement comes within the context of HM Treasury’s intention to repeal UK MiFIR – the retained version of
On 1 September 2026, there was published in the Official Journal of the EU (OJ) Commission Delegated Regulation (EU) 2026/1119 setting out regulatory technical standards (RTS) specifying the information to include in applications for authorisation or recognition as an ESG rating provider, supplementing the ESG Ratings Regulation ((EU) 2024/3005).
Summary
The
On 27 August 2026, HM Treasury (HMT) announced that it intends to give the Bank of England (BoE) a new responsibility to support innovation in payment systems and emerging forms of digital money, whilst continuing to prioritise financial stability.
Summary
HMT sets out in its announcement that, at present, the BoE
On 26 August 2026, the European Banking Authority (EBA) published a consultation Paper proposing draft Regulatory Technical Standards (RTS) on operational risk management frameworks under Article 323 of the Capital Requirements Regulation (CRR), as amended by the EU Banking Package implementing the final Basel III reforms.
Background
The RTS are intended
On 25 August 2026, the European Banking Authority (EBA) published consultation paper on three draft Regulatory Technical Standards (RTS) concerning the reclassification of investment firms as credit institutions.
Background
Under the Capital Requirements Directive (CRD) framework, Markets in Financial Instruments Directive (MiFID) investment firms whose total assets
On 24 August 2026, the European Commission (the Commission) published its request to the European Securities and Markets Authority (ESMA) to provide technical advice on implementing key aspects of the Retail Investment Strategy (RIS). The RIS is designed to encourage greater retail participation in EU capital markets while ensuring stronger investor protection
On 18 August 2026, the Financial Conduct Authority (FCA) published its 2026 wealth management survey report.
Background
The FCA explains that the report focuses on discretionary portfolio management and shares data and insights to help firms understand the market, compare their approach, and raise standards.
The FCA’s findings are based on survey data
The FCA has issued a large number of deregulatory papers in the last few months. Many of these might be viewed as making incremental or technical changes. However, I think it is fair to say that the FCA’s consultation on remuneration for solo regulated firms represents real change and liberalisation of the remuneration regime. I