In our latest briefing note, we summarise the key changes introduced by the Payment Services Directive 3 and Payment Services Regulation, consider key divergences from PSD2, and outline what firms should be thinking about as they prepare for the new EU legislation.
Spotlight
CFTC files amicus brief in support of prediction markets
On February 17, 2026, the CFTC filed an amicus brief in the US Court of Appeals for the Ninth Circuit case North American Derivatives Exchange, Inc. v. State of Nevada, marking the agency’s first formal judicial intervention in the rapidly expanding litigation over the legal status of event contracts and prediction markets.
See…
Regulation Around the World – Issue 17: 2026 Global Horizon Scanning
In this latest issue of Regulation Around the World, we look at some of the key regulatory developments that institutions operating in financial services should anticipate in 2026. The jurisdictions covered by this update include the United Kingdom, EU, France, Germany, Luxembourg, Netherlands, Italy, Türkiye, United States, UAE, Australia and China.
Read the full update here.
Saudi CMA approves new controls on real estate ownership
The Saudi Capital Market Authority (CMA) has approved the Controls on the Ownership of Real Estate by Listed Companies, Investment Funds, and Special Purpose Entities (SPEs). These Controls will take effect concurrently with the new Law of Real Estate Ownership by Non‑Saudis (Royal Decree No. M/14) in January 2026.
These…
Canada – Financial Services in Focus: Volume 1
Navigating change in financial services requires foresight and agility. As regulatory landscapes evolve and new technologies reshape risk and compliance, institutions must proactively assess how these developments affect their operations, governance, and growth strategies. Our latest insights explore critical developments, from Canada’s Federal Budget 2025 and its implications for operating models and tax strategies, to…
A Historic Milestone – Saudi Arabia’s Capital Market Opens to All Foreign Investors
- Eliminates the concept of the Qualified
Global Asset Management Review – Issue 4
- Update on the UK listed fund sector.
- Overview of funds market and fundraising environment.
- Tokenisation from pilot to practice: A UK manager’s guide
Global Regulation Tomorrow Plus: FCA consultation on the Transaction Reporting Regime
In the latest episode of Global Regulation Tomorrow Plus Hannah Meakin, Georgia Karamani and Charlotte Carnegie discuss the recent consultation published by the Financial Conduct Authority on proposed changes intended to improve the transaction reporting regime.
Listen to our podcast here.
Global Regulation Tomorrow Plus: EMEA APAC insights series: Episode 25 – Update from the UAE and Saudi on key regulatory issues
- The new CBUAE AML Law and the new Central Bank governing law.
- CBUAE’s 2025 Exchange Business Regulations and potential overlaps with existing retail payment services and stored value facility
New briefing note – Sterling denominated stablecoins: Insights from the Bank of England’s consultation
On 10 November 2025, the Bank of England (BoE) published two papers that could materially reshape how payments and certain financial services operate in the United Kingdom. The first is a consultation paper, “Proposed regulatory regime for sterling-denominated systemic stablecoins.” This sets out a proposed prudential and supervisory regime for those sterling-denominated stablecoins…