In September, the Law Commission (the Commission) presented its final report “Review of the Friendly Societies Acts 1974 and 1992” (the Report) and accompanying draft bill (the Bill) to parliament. The Report follows on from its consultation paper issued in March last year and contains its recommendations to simplify and modernise
On 30 September 2026, the European Banking Authority (EBA) published its Work Programme outlining the key areas of focus and deliverables for 2027.
The EBA’s areas of focus for 2027 include finalising the implementation of the 2024 “banking package”, implementing the new payment services framework, supporting crisis management and deposit insurance reforms
On 29 September 2026, the European Commission (Commission) launched a targeted consultation on fair access to financial services for cancer survivors.
Background
Europe’s beating cancer plan was adopted on 3 February 2021. It is an initiative that aims to tackle various aspects of cancer, including improving access to financial services for cancer survivors.
On 28 September 2026, the Financial Markets Standards Board (FMSB) issued version 2 of its Standard for Sharing of Standard Settlement Instructions (SSIs). The Standard establishes certain expected practices for the sharing of SSIs between market participants. However, it does not apply to firms’ management of their counterparties’ SSIs. The FMSB
Background
On 21 September 2026, the Financial Conduct Authority (FCA) published its findings (MS24/1.5) from its market study into the distribution of pure protection products to individual retail customers (the Final Report).
Launched in March 2025, the market study examined issues identified across the following areas in respect of critical
The legislative review of the Market Integration and Supervision Package (MISP) is progressing in the Council. NRF understands that, at the beginning of September, the Irish Presidency of the Council circulated a first full round of proposed amendments to the European Commission legislative proposal published on 4 December 2025.
As a reminder, the
On 18 September 2026, the European Banking Authority (EBA) issued a Final Report on guidelines on the sound management of third-party risk regarding non-ICT services.
In the Final Report, the EBA provides its response to feedback on its earlier consultation on the guidelines and sets out the final guidelines.
The guidelines are addressed
On 15 September 2026, the Financial Services and Markets Bill completed its first reading in the House of Commons. The date for second reading is yet to be announced. A copy of the Bill as brought from the Lords is also available.
On 8 September 2026, the UK Parliament reported that members of the House of Lords continued their further examination of the Financial Services and Markets Bill in report stage on Tuesday 8th and Wednesday 9th September 2026.
On day one of the report stage members put forward and discussed over 30 amendments to the bill.