On 13 November 2025, The Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2025 were laid before Parliament together with an explanatory memorandum. These Regulations, which come into force on 16 December 2025, extend by 12 months the transitional arrangements under Parts 2 and 3 of the Financial Services (Gibraltar) (Amendment) (EU Exit) Regulations 2019
On 3 November 2025, the Financial Conduct Authority and Prudential Regulation Authority co-published guidelines for firms on the Berne Financial Services Agreement (the BFSA). After describing the BFSA the guidelines provide further information for Swiss investment services firms, UK insurance firms and UK investment services firms.
On 30 October 2025, The Financial Services (Overseas Recognition Regime) Regulations 2025 were made together with an explanatory memorandum.
Using the powers established by the Financial Services and Markets Act 2023, this statutory instrument (SI) sets out powers and obligations in relation to HM Treasury’s (HMT) Overseas Recognition Regimes. Overseas
On 17 October 2025, the Chancellor of the Exchequer announced the fully operational Office for Investment: Financial Services.
This will be a free support service available to global financial services firms, helping firms to pick locations, navigate regulation and Britain’s business environment. It will be delivered by the Office for Investment in partnership with HM
On 15 October 2025, the International Regulatory Strategy Group (IRSG) published a Global Regulatory Coherence Dashboard (Dashboard) intended to address risks of fragmentation in financial services regulation and professional services.
The Dashboard maps how global adoption and implementation of financial regulations align or diverge across policy areas. In particular, the Dashboard
In this special edition of our podcast series, Split the Difference, Hannah Meakin, Matthew Gregory and Ben Hilary are joined by Andrea Huber of Pestalozzi Attorneys at Law to discuss the Berne Financial Services Agreement (BFSA). After setting out the background to the BFSA and where both countries have got to with regard to implementation
On 2 October 2025, there was published a joint statement between HM Treasury and the European Commission regarding the fourth Joint EU-UK Financial Regulatory Forum which took place on 1 October 2025. The Joint Forum focused on six themes: (i) the policy, macro-economic and financial stability outlook, (ii) banking, (iii) capital markets, (iv) asset management
On 30 September 2025, the Financial Conduct Authority (FCA) issued an Addendum to Quarterly Consultation Paper No.49.
The Addendum makes changes to the proposed draft Berne Financial Services Agreement Guide (the draft Guide). Specifically, it amends BFSAG 2.1.1G(2) of the draft Guide by removing reference to insurance intermediaries and inserts a
On 28 July 2025, the Prudential Regulation Authority published a Final Notice in respect of the London branch of Barents Reinsurance S.A., imposing a fine of £1,785,000 for failing to organise and control its affairs responsibly and effectively, as well as governance and regulatory reporting failures for more than two years post Brexit. For the
On 22 September 2025, the Financial Conduct Authority (FCA) published a memorandum of understanding (MoU) between itself, the Swiss Financial Market Supervisory Authority and the Bank of England (BoE), including the Prudential Regulation Authority, setting out the arrangements for supervisory cooperation and information sharing under Article 14(5) of the