On 30 September 2026, the Dutch Authority for Financial Markets (Autoriteit Financiële Markten, AFM) published a consultation on model portfolios for self-directed investing (execution only). The consultation addresses model portfolios as an innovative investment concept, including automatic rebalancing and risk reduction functionalities. Investment firms that offer such model portfolios set up several standard
On 7 August 2026, the Financial Conduct Authority (FCA) updated its webpage on submitting a prospectus or circular by adding a new requirement to the section on inside information declaration. The section explains that for equity cases, an inside information declaration form needs to be submitted with the first submission, stating whether the
On 20 July 2026, the Dutch Minister of Finance published the Implementation Act on the review of MiFID II 2026 (Implementatiewet herziening MiFID II 2026, the Implementation Act) in the Dutch Government Gazette. Please refer to our earlier blog about the delayed implementation of the MiFID II review.
The Implementation Act amends
On 27 July 2026, the Dutch Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) issued a news update on the publication of detailed rules on the transition to a T+1 settlement cycle (T+1) by the European Commission (EC). Under the T+1 system, the settlement of transactions in
On 12 June 2026, the Dutch Central Bank (De Nederlandsche Bank, DNB) issued a news update on the fixed overhead requirement (FOR) for investment firms. Based on research conducted by DNB, it finds that in practice, a number of deductible items of the FOR are incorrectly applied across the sector.
We have published a new guide focusing on key elements of the public M&A rules in 10 jurisdictions. Using a Q&A format, the guide provides an overview of the features of each regime and identifies early-stage issues for bidders to be aware of.
On 19 February 2026, the Financial Conduct Authority (FCA) issued a statement intended to provide clarification around forbearance following the introduction of the new Public Offers and Admissions to Trading Regulations (POATRs) regime.
Specifically the FCA discusses the potential overlapping requirements in UKLR 6.4.4R(4), 13.3.20R(4), 14.3.17R(4), 16.3.16R(4) and 22.2.17R(4) which has
On 11 February 2026, the European Commission (Commission) launched a public consultation and a call for evidence on the evaluation and potential review of the Shareholder Rights Directive.
Overview
On 19 March 2025, the Commission adopted its strategy for the Savings and Investments Union (SIU) and announced its intention to
On 4 December 2025, the European Commission (Commission) issued a consultation on a draft Delegated Regulation amending Delegated Regulation (EU) 2019/980 on the reduced content and the standardised format and sequence of the EU Follow-on prospectus and the EU Growth issuance prospectus.
Background
Regulation (EU) 2024/2809 introduced several amendments to the Prospectus Regulation
On 28 November 2025, the Financial Conduct Authority (FCA) updated its webpage on Consultation Paper 25/29: Changes to the UK Short Selling Regime. The update provides that the FCA has now published a derivation and changes table to further support firms’ understanding of the proposals. This details how the FCA has proposed to