On 22 October 2026, there was published a statutory instrument (SI) The Building Societies Act 1986 (Assimilation to Company Law and Changes to Funding Limit) Order 2026 (the Order).
Background
The Building Societies Act 1986 (the Act) provides the legislative foundation for the business model of building societies, which are mutually
Introduction
It is interesting that the FCA has sought to amplify its guidance in relation to the execution of transactions by branches in CP26/34. However, there is a good argument that the new guidance creates more questions than answers when read alongside the guidance contained in PS26/15.
Whilst the FCA has provided useful
On 15 October 2026, the European Securities and Markets Authority (ESMA) updated its manual on pre-trade and post-trade transparency under MiFID II/MiFIR.
The updated manual provides further guidance on the identification of over-the-counter (OTC) derivatives subject to transparency requirements, clarifies how the identifying reference data for OTC derivatives should be
On 15 October 2026, the Financial Conduct Authority (FCA) published a new webpage setting out good practices and areas where contracts for difference (CFD) firms could do more to meet their Consumer Duty price and fair value obligations.
Background
In November 2025, the FCA published its findings from a multi-firm review
On 13 October, the Independent Football Regulator (IFR) published its draft State of the game (the Report). Describing itself as “the most comprehensive financial analysis of the English football industry ever undertaken”, the central message of the Report is clear: English club football can be both “the richest, best and most
On 13 October 2026, there were published a draft of The Financial Services and Markets Act 2023 (Addition of Relevant Enactments) Regulations 2026, with an explanatory memorandum.
Background
HM Treasury (HMT) sets out in its explanatory memorandum that this instrument brings several additional pieces of legislation into scope of section 17(3)
On 12 October 2026, the Financial Conduct Authority (FCA) published its multi-firm review of governance arrangements at benchmark administrators.
Background
The FCA sets out that the review forms the final stage of supervisory work arising from risks identified in the FCA’s 2024 benchmarks portfolio letter and follows its earlier reviews of data quality
The Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) and the Dutch Central Bank (De Nederlandsche Bank, DNB) issued a report on tokenisation of securities in the Netherlands. While European and Dutch law do not prohibit the use of distributed ledger technology (DLT), the current
On 8 October 2026, the Financial Conduct Authority (FCA) published a blog on how strong compliance functions can support trusted corporate finance markets, this follows on from a survey the FCA had conducted, which it considers found encouraging practice across corporate finance firms but also opportunities for more compliance involvement and independent challenge.
On 5 October 2026, the Council of the EU published a note from the Presidency to the Permanent Representatives Committee (COREPER) attaching the Presidency compromise texts of the three legislative proposals forming the market integration and supervision package (MISP).
The note states that the Presidency’s compromise text maintains the bulk of the European