Welcome to Proskauer’s FinReg Monthly Update, a regular bulletin highlighting the latest developments in UK and EU financial services regulation....more
On 20 November 2025, the European Commission officially launched their legislative proposal (“Proposal”) for the updates to the Sustainable Finance Disclosure Regulation (“SFDR”). In a significant departure from the current...more
On 13 November 2025, the European Parliament (“Parliament”) adopted its negotiating position on the review of the Corporate Sustainability Reporting Directive (“CSRD”), as part of the European Union’s (“EU”) broader...more
On 7 November 2025, the European Commission published a call for evidence on proposals to amend the European Union’s Taxonomy legislation. In particular, the call is in relation to two delegated regulations amending the...more
On 6 November 2025, the long-awaited “SFDR 2.0” has finally surfaced in a leak and, as many in the market expected, it represents a major reset of Europe Union’s (“EU”) sustainable finance framework. The proposal, still in...more
Welcome to the FinReg Monthly Update, a regular bulletin highlighting the latest developments in UK, EU and U.S. financial services regulation....more
The UKs Financial Conduct Authority (“FCA”) today published its multi-firm review of consolidation across the UK financial advice and wealth management sector....more
On 22 October 2025, the European Parliament voted against adopting a negotiating mandate on the European Commission’s Omnibus Directive – a proposal to simplify and streamline sustainability reporting and due diligence...more
With six months to go, fund managers should be ramping up their preparations for complying with the legislative changes to EU Alternative Investment Fund Managers Directive (“AIFMD”), commonly referred to as “AIFMD 2.0”,...more
On October 13, 2025, the Foreign, Commonwealth & Development Office (“FCDO”), the Office of Financial Sanctions Implementation (“OFSI”) and His Majesty’s Treasury (“HM Treasury”) confirmed that from January 28, 2026, the UK...more
On 8 October 2025, the European Parliament’s Socialists and Democrats (S&D) group ultimately accepted the European People’s Party (EPP)’s position on the Omnibus Directive, which revises the scope of the Corporate...more
On 7 October 2025, the FCA published a consultation paper (the “Consultation”) on an industry-wide scheme to compensate motor finance customers who were treated unfairly between 2007 and 2024 (the “Motor Finance Consumer...more
On 30 September 2025, the Luxembourg regulator, the Commission de Surveillance du Secteur Financier (the “CSSF”), published its feedback report (the “Report”) on the European Supervisory and Markets Authority’s (“ESMA”)...more
10/7/2025
/ CSSF ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
European Securities and Markets Authority (ESMA) ,
Investment Funds ,
Popular ,
Regulatory Requirements ,
Reporting Requirements ,
Risk Management ,
SFDR ,
Sustainable Finance
In recent years, implementation of the FCA Consumer Duty regime has been a significant challenge for most financial services firms. The cross-cutting rules, by their nature, are difficult to interpret and apply especially in...more
Welcome to the FinReg Monthly Update, a regular bulletin highlighting the latest developments in UK and EU financial services regulation....more
On 17 September 2025, the Financial Conduct Authority published CP25/25, proposing how various cross-cutting sections of the FCA Handbook will apply to firms engaging in cryptoasset activities that will become regulated under...more
The private wealth management sector is uniquely susceptible to financial crime risks, such as fraud, money laundering and sanctions breaches, as highlighted in the FCA’s Dear CEO letter....more
At the recent Sustainable Finance Conference, EIOPA Chair Petra Hielkema cautioned against the European Commission’s Omnibus proposal to scale back mandatory sustainability disclosures.....more
September 2025 Executive Summary The UK government and regulators are conducting the most wide‑ranging review of the Senior Managers & Certification Regime (SMCR) since its introduction. Consultations close: 7 October 2025....more
The European Union’s (the “EU”) General Court has dismissed two legal challenges against the European Commission’s delegated legislation under the Taxonomy Regulation ((EU) 2020/852) (the “Taxonomy Regulation”). These rulings...more
9/12/2025
/ Chemicals ,
Climate Change ,
Energy Sector ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
EU ,
Nuclear Power ,
Oil & Gas ,
Popular ,
Regulatory Requirements ,
Renewable Energy
The FCA has completed a major review of safeguarding for payment and e-money institutions. Its new rules are designed to reduce the risks seen in recent failures – where customers faced long delays and, on average, recovered...more
9/9/2025
/ Audits ,
Cross-Border Transactions ,
Due Diligence ,
EU ,
Final Rules ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Services Industry ,
FinTech ,
Payment Services Directive ,
Payment Systems ,
Regulatory Reform ,
Regulatory Requirements ,
Risk Management ,
Statutory Trusts ,
Third-Party ,
UK
Welcome to Proskauer’s FinReg Monthly Update, a regular bulletin highlighting the latest developments in UK and EU financial services regulation. Key developments in August 2025: 28 August. FCA Communications: The UK...more
9/5/2025
/ Cryptoassets ,
Environmental Social & Governance (ESG) ,
EU ,
Financial Conduct Authority (FCA) ,
HM Treasury ,
New Regulations ,
Regulation Technical Standards (RTS) ,
Regulatory Oversight ,
Regulatory Requirements ,
SFDR ,
UK
On 31 July 2025, the European Financial Reporting Advisory Group (EFRAG) launched its much anticipated 60-day consultation on the revised and simplified European Sustainability Reporting Standards (ESRS) for companies in...more
Welcome to Proskauer’s FinReg Monthly Update, a regular bulletin highlighting the latest developments in UK and EU financial services regulation....more
8/6/2025
/ Anti-Money Laundering ,
Environmental Social & Governance (ESG) ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Office of Financial Sanctions Implementation (OFSI) ,
Popular ,
Prudential Regulation Authority (PRA) ,
Regulatory Reform ,
UK
On 1 August 2025, the Supreme Court handed down its long-awaited judgment in Johnson v FirstRand Bank Ltd, Wrench v FirstRand Bank Ltd and Hopcraft & Anor v Close Brothers Ltd – reported together as [2025] UKSC 33....more
8/6/2025
/ Automotive Industry ,
Consumer Contracts ,
Consumer Protection Laws ,
Disclosure Requirements ,
Fees ,
Fiduciary Duty ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Lenders ,
Loans ,
Regulatory Oversight ,
Regulatory Reform ,
UK ,
UK Supreme Court