In this latest issue of Regulation Around the World we look at how regulators are developing their proposals for Open Finance, asking six key questions in the following jurisdictions: United Kingdom, United States, Canada, EU, Luxembourg, France, Italy, Poland, Hong Kong, China, UAE, Australia and South Africa.
Read the issue here.
On 2 July 2025, there was published in the Official Journal of the EU (OJ), Commission Delegated Regulation (EU) 2025/532 of 24 March 2025 supplementing Regulation (EU) 2022/2554 of the European Parliament and of the Council with regard to regulatory technical standards specifying the elements that a financial entity has to determine and
On 2 July 2025, the Bank of England (BoE) published a speech by Sasha Mills (Executive Director, Financial Market Infrastructure) entitled Building tomorrow’s markets: the digitalisation of finance.
In her speech Sasha Mills discusses how innovation can be harnessed to develop the foundations and functions of tomorrow’s financial markets, how they fit
Approximately one year on from our briefing in June 2024 which considered some of the steps firms could be taking to meet future regulatory expectations in relation to governance of AI, in this briefing we outline some of the significant steps taken by the FCA over the past twelve months or so, in shaping the
On 1 July 2025, the Financial Conduct Authority (FCA) issued a speech by Jessica Rusu (FCA chief data, information and intelligence officer) entitled Harnessing AI and technology to deliver the FCA’s 2025 strategic priorities. Among other things it is noted in the speech that applications for live testing in the FCA’s AI
On 25 June 2025, the European Securities and Markets Authority (ESMA) issued a report on the Distributed Ledger Technology Pilot Regime (DLT Pilot Regime).
Background
The report has been prepared in accordance with Article 14 of Regulation (EU) 2022/858 on a Pilot Regime for Market Infrastructures based on Distributed Ledger Technology
On 19 June 2025, the Data (Use and Access) Bill received Royal Assent becoming the Data (Use and Access) Act 2025.
On 18 June 2025, there was published in the Official Journal of the EU, Commission Delegated Regulation (EU) 2025/1190 of 13 February 2025 supplementing Regulation (EU) 2022/2554 of the European Parliament and of the Council with regard to regulatory technical standards specifying the criteria used for identifying financial entities required to perform threat-led penetration testing
On 9 June 2025, the Financial Conduct Authority (FCA) announced that it will launch its Supercharged Sandbox to help firms experiment safely with artificial intelligence (AI), with the aim of supporting innovation.
Background
The Supercharged Sandbox is part of the FCA’s AI Lab, which it launched in October 2024. The new
On 10 June 2025, the Financial Conduct Authority (FCA) published a policy statement, PS25/6, setting out the final rules for its new Private Intermittent Securities and Capital Exchange System (PISCES). It also published an accompanying press release.
Background
The FCA consulted in December (in CP24/29) on its proposed