regulatory updates

On 18 August 2026, the Financial Conduct Authority (FCA) published its 2026 wealth management survey report.

Background

The FCA explains that the report focuses on discretionary portfolio management and shares data and insights to help firms understand the market, compare their approach, and raise standards.

The FCA’s findings are based on survey data

On 10 August 2026, the Financial Conduct Authority (FCA) published a new webpage setting out its review of good practice and areas for improvement identified through its Early and High Growth Oversight pilot with high-growth firms.

Background

Between July 2025 and March 2026, the FCA engaged with 15 firms across asset management, wealth

On 23 July 2026, there was published in the Official Journal of the EU (OJ) Commission Delegated Regulation (EU) 2026/825 of 14 April 2026 supplementing the Markets in Financial Instruments Directive II with regard to regulatory technical standards specifying the criteria to be taken into account in establishing and assessing the effectiveness of

On 7 July 2026, the European Securities and Markets Authority (ESMA) issued a Supervisory Briefing on triangular passporting.

MiFID II does not explicitly cover, nor prohibit the practice of triangular passporting. Triangular passporting is the practice of authorised investment firms using a branch or tied agent established through the freedom of establishment (Article

On 15 May 2026, the Bank of England (BoE), Financial Conduct Authority (FCA) and HM Treasury (HMT) (the Regulators) published a joint statement on frontier AI models and cyber resilience.

Summary

The Regulators consider that AI continues to evolve rapidly and that, in particular, frontier AI models represent

On 12 May 2026, HM Treasury (HMT) published its response to its Regulatory Environment – Cross cutting Reforms consultation.

Summary

HMT sets out that overall respondents were broadly supportive of the government’s aims and proposed reforms, and agreed that the regulatory environment could be refined to better support growth and competitiveness and

On 29 April 2026, the Football Governance Act 2025 (Commencement No.3) Regulations 2026 (the Regulations) were made and published.

The Regulations brought into force specified provisions of the Football Governance Act 2025 (the Act) on 5 May 2026. They are the third set of commencement Regulations made under the Act.

Under the Regulations: