On 14 May 2025, the Bank of England (BoE) published a speech on ‘A system-wide approach to system-wide resilience: CCPs and their users’, which was delivered by its deputy governor for financial stability, Sarah Breeden, at the ISDA Annual General Meeting.
In the speech, Ms Breeden sets out the critical role
On 13 May 2025, the Bank of England (BoE) published a speech on data governance, which was delivered by its executive director for data and analytics transformation and chief data officer, James Benford, at the Gartner Data Analytics Summit.
In his speech, Mr Benford explains that data governance helps organisations to protect
On 13 May 2025, the Financial Services and Markets Act 2023 (Commencement No. 9) Regulations 2025 (the Regulations) were made and published on legislation.gov.uk.
The Regulations are the ninth commencement Regulations made under the Financial Services and Markets Act 2023 (FSMA 2023).
The explanatory note to the Regulations provides further information on
On 8 May 2025, the Financial Conduct Authority (FCA) published the results of the annual UK MiFID transparency calculations for bonds, which will apply from 1 June 2025.
The calculations made available include:
The
On 8 May 2025, the European Commission issued calls for evidence for an impact assessment on the future Directive and Regulation for the Savings and Investments Union (SIU).
The call for evidence follows the Commission’s adoption of a strategy for the SIU on 19 March 2025.
The deadline for responding to the calls
On 9 May 2025, the Financial Conduct Authority (FCA) published Policy Statement 25/4: Investment research payment optionality for fund managers (PS25/4).
Background
On 5 November 2024, the FCA published Consultation Paper 24/21 (CP24/21) on investment research payment optionality for fund managers. CP24/21 set out proposals to take forward the
On 7 May 2025, the Financial Conduct Authority (FCA) published data on the appointed representatives (AR) population and financial services activity.
The FCA explains that it is focused on strengthening principal firm oversight of ARs and that its commitment to being a smarter data-led regulator shapes the work it does.
On 7 May 2025, the European Commission (Commission) adopted a Commission Delegated Regulation amending Commission Delegated Regulation (EU) 2022/930 as regards fees relating to the supervision by the European Securities and Markets Authority (ESMA) of consolidated tape providers (CTPs).
Background
Commission Delegated Regulation (EU) 2022/9302 is based on Article
On 7 May 2025, the European Commission (Commission) adopted a Commission Delegated Regulation (EU) amending Commission Delegated Regulation (EU) 2022/803 as regards rules of procedure for the exercise of the power to impose fines or periodic penalty payments by the European Securities Markets Authority (ESMA) with respect to consolidated tape providers
On 7 May 2025, the European Securities and Markets Authority (ESMA) issued its Final Report containing technical advice to the European Commission (Commission) on a range of topics related to the legislative changes brought by the Listing Act in respect of the Market Abuse Regulation (MAR) and the part