On 6 May 2025, the European Securities and Markets Authority (ESMA) published its response to the European Commission’s (Commission) targeted consultation document on the functioning of commodity derivative markets.
Background
On 26 February 2025, the Commission published a targeted consultation document on the functioning of commodity derivatives markets. The consultation document
On 30 April 2025, the European Securities and Markets Authority published the results of the annual transparency calculations for non-equity instruments and new quarterly liquidity assessment of bonds under MiFID II and MiFIR. The results of the annual transparency calculations for non-equity instruments will apply from 2 June 2025. The transparency requirements for bonds deemed
On 29 April 2025, the Chancellor of the Exchequer, Rachel Reeves, delivered a speech at the Innovate Finance Global Summit 2025.
In her speech, Ms Reeves flagged the importance of financial services as one of the key growth-driving sectors in the UK’s modern industrial strategy, and announced that the Financial Services Growth and Competitiveness Strategy
On 30 April 2025, the House of Commons Treasury Committee published a report on the acceptance of cash.
Background
The acceptance of physical currency in the UK is not currently specified in legislation, meaning that UK businesses and organisations can choose which payment methods they accept without a legal duty to accommodate customers’ varying
On 29 April 2025, the Financial Conduct Authority (FCA) published a speech on its agenda to combat market abuse, which was delivered by its joint executive director of enforcement and market oversight, Therese Chambers, at the Market Abuse and Market Manipulation Summit.
Ms Chambers flags that the FCA’s new 5-year strategy for
The SFO’s new cooperation guidance SFO Corporate Guidance – GOV.UK (published on 24 April) updates the SFO’s original cooperation guidance published in 2019 and comes ahead of the new failure to prevent fraud offence coming into force in September 2025 (see here: Failure to prevent fraud: What should you be doing before September? | Global
On 28 April 2025, the Financial Conduct Authority (FCA) published Finalised Guidance 25/2 ‘Guidance for insolvency practitioners on how to approach regulated firms’ (FG25/2).
Background
Last year the FCA issued Guidance Consultation, GC24/1, on proposed amendments to FG21/4: Guidance for insolvency practitioners (IPs) on how to approach regulated
Background
The creation of this dedicated channel was announced in the Savings and Investments Union (SIU) Communication adopted on 19 March 2025.
Next steps
The Commission will regularly monitor the feedback, which it will use in its ongoing efforts to tackle existing obstacles to financial market integration and free movement of capital, with