Regulation and compliance

On 23 April 2025, the Financial Stability Board (FSB) published a letter from its chair, Klaas Knot, to G20 Finance Ministers and Central Bank Governors ahead of their meeting on 23-24 April.

In the letter Mr Knot reflects on the progress made in addressing global challenges to financial stability and outlines priorities for

In a joint final rule, the SEC and CFTC adopted amendments to Form PF to correct errors, remove outdated references and clarify reporting instructions for SEC-registered investment advisers to private funds, including those also registered with the CFTC as a commodity pool operator or commodity trading adviser.

The full update can be found here on

In this latest issue of Regulation Around the World we look at some of the key regulatory topics for 2025 in the following jurisdictions: United Kingdom, EU, France, Germany, Luxembourg, Netherlands, Italy, UAE, South Africa, Australia, Hong Kong, Singapore, Australia and China. We have not attempted to list every single reform expected this year but

  • Prioritize issues related to non-bank financial intermediation again in 2025.
  • Continue its review of the IOSCO Principles for the Valuation of Collective Investment Schemes.
  • Spearhead a series

On 24 February 2025, the Financial Stability Board (FSB) published a letter from its Chair, Klaas Knot, to G20 Finance Ministers and Central Bank Governors ahead of their meeting on 26-27 February. Among other things the letter notes that with key reforms developed or nearing completion, the FSB is shifting toward a greater

On 19 February 2025, the International Organization of Securities Commissions (IOSCO) issued a final report setting out its findings following a thematic review of its recommendations from the 2013 report ‘IOSCO Report Technological Challenges to Effective Market Surveillance: Issues and Regulatory Tools’.

In summary, most market authorities have implemented the recommendations and have

On 14 January 2025, the Financial Stability Board (FSB) issued a report on The Relevance of Transition Plans for Financial Stability.

Background

The report looks at the role that financial and non-financial firms’ transition plans can play for financial stability assessments, in particular as a source of information for monitoring climate-related financial

On 13 December 2024, the Bank of England (BoE) issued a consultation paper setting out proposals for a set of requirements in rules and a code of practice and expectations for UK financial market infrastructures (FMIs) to report operational incidents and their material third-party arrangements.

Rationale

The proposals in the consultation

In this new edition of Regulation Around the World we review the UK Financial Conduct Authority’s (FCA) Consumer Duty (UK Consumer Duty) and see if other international financial services authorities have already got similar concepts in their frameworks; or whether the UK Consumer Duty not only sets a new UK standard