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 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.
The Senate has adopted the amendment to the bonus cap on 19 May 2026. This update outlines the key changes introduced by the amendment, including its impact on identified staff and the broader remuneration framework within the financial sector.
We also highlight practical steps that financial institutions may wish to consider in light of these
On 17 February 2026, the Prudential Regulation Authority (PRA) published Consultation Paper CP2/26 (CP2/26), which sets out proposals to reform the UK’s securitisation requirements with the aim of making them more proportionate and less prescriptive, while maintaining appropriate prudential safeguards.
Background
The securitisation requirements were developed in the aftermath of the
On 16 February 2026, HM Government (HMG) launched a call for evidence to seek industry views on the application of the ownership and control test in UK financial sanctions regulations, including how firms implement the regulations and where they face challenges.
Background
The two-condition ownership and control test works to ensure that entities
On 11 February 2026, the Financial Services (Designated Consumer Body and Designated Representative Body) Order 2026 No. 124 was made. An explanatory memorandum has also been published.
This Order designates the Money and Mental Health Policy Institute as a representative body capable of making certain fast-track complaints to the Financial Conduct Authority and the Payment
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 12 February 2026, HM Treasury (HMT) published a consultation in relation proposed changes to the Appointed Representatives (AR) regime.
Background
On 11 August 2025, HMT published a policy statement setting out an approach intended to shore up confidence in the use of ARs and to safeguard the future of the
On 9 February 2026, the Anti-Money Laundering Authority (AMLA) published consultation papers on three draft Regulatory Technical Standards (RTS) in relation to customer due diligence rules, as part of developing harmonised standards for the financial and non-financial sector while ensuring consistent application and enforcement across the EU.
Summary
In relation to
On 9 February 2026, the European Banking Authority (EBA) launched a consultation on its Discussion Paper on the simplification and assessment of the credit risk framework.
Background
The EBA’s 2025 Report on the efficiency of the regulatory and supervisory framework introduced a set of principles aimed at enhancing simplicity and efficiency across the