The regulator aims to significantly reduce the administrative burden of the regime.
On 21 November 2025, the FCA published a Consultation Paper (CP25/32) on changes to the transaction reporting regime under UK MiFID,...more
Under the proposals, new sustainability-related product categories would replace the existing Article 6, 8, and 9 classifications....more
Changes largely focus on streamlining administrative requirements to reduce the regulatory burden....more
11/7/2025
/ Capital Markets ,
Disclosure Requirements ,
Effective Date ,
Financial Conduct Authority (FCA) ,
HM Treasury ,
Public Consultations ,
Regulatory Reform ,
Reporting Requirements ,
Rulemaking Process ,
Securities Regulation ,
Short Selling ,
UK
Regulator’s findings emphasise the need for sound risk management, appropriate group structuring, and prudent use of debt....more
11/6/2025
/ Acquisitions ,
Corporate Governance ,
Corporate Structures ,
Debt ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Industry Consolidation ,
Investment Management ,
Mergers ,
Regulatory Oversight ,
Risk Management ,
UK ,
Wealth Management
Our EU Sustainability: State of Play series focuses on regulatory developments and policy initiatives emerging from Brussels. In this series, we explore EU sustainability frameworks and their intersection with other areas of...more
10/30/2025
/ Corporate Sustainability Reporting Directive (CSRD) ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
EU ,
Financial Institutions ,
Financial Services Industry ,
Regulatory Requirements ,
SFDR ,
Sustainability ,
Sustainable Business Practices ,
Sustainable Finance
The regulators have tweaked the final rules in places to grant more flexibility to firms.
On 15 October 2025, the PRA and the FCA published their joint Policy Statement on reform of the remuneration rules for banks (PRA...more
Shortly after markets closed on 7 October 2025, the FCA published its consultation on a proposed motor finance redress scheme (the Scheme). It is also consulting on extending the deadline for firms to send a final response to...more
10/8/2025
/ Auto Lease ,
Automotive Industry ,
Automotive Loans ,
Brokers ,
Complaint Procedures ,
Consultation ,
Consumer Financial Products ,
Consumer Lenders ,
Consumer Protection Laws ,
Credit Agreements ,
Financial Conduct Authority (FCA) ,
Lenders ,
Proposed Rules ,
Redress Payments ,
Time Extensions ,
UK
The UK regulated activity of arranging deals in investments presents some difficult questions of interpretation. The courts have considered this activity on a number of occasions and generally endorse a broad approach to the...more
The judgment brings clarity regarding the fiduciary duty and unfair relationships. The consumer finance sector now awaits the FCA’s plans for a new redress scheme covering commission arrangements....more
8/5/2025
/ Car Dealerships ,
Consumer Financial Products ,
Consumer Lenders ,
Consumer Protection Laws ,
Fiduciary Duty ,
Financial Conduct Authority (FCA) ,
Lenders ,
Loans ,
UK ,
UK Supreme Court ,
Unfair or Deceptive Trade Practices
On 15 July 2025, the Chancellor of the Exchequer, Rachel Reeves, delivered her second Mansion House speech, having earlier that day announced the so-called Leeds Reforms to “position the UK as the number one destination for...more
On 2 July 2025, the FCA published its long-awaited proposed next steps on addressing non-financial misconduct (NFM) in financial services. In a joint Consultation Paper and Policy Statement (CP25/18), the regulator is...more
7/3/2025
/ Code of Conduct ,
Corporate Misconduct ,
Employee Misconduct ,
Employees ,
Employment Policies ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Guidance Update ,
Joint Policy Statements ,
Joint Statements ,
Policy Statement ,
Professional Misconduct ,
Proposed Rules ,
Regulatory Reform ,
Regulatory Requirements ,
UK
The package of consultations covers UK Sustainability Reporting Standards, transition plans, and assurance of sustainability-related disclosures....more
7/2/2025
/ Consultation ,
Corporate Governance ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Government Agencies ,
International Sustainability Standards Board (ISSB) ,
Proposed Rules ,
Public Consultations ,
Regulatory Requirements ,
Reporting Requirements ,
Sustainability ,
Sustainable Business Practices ,
Task Force on Climate-related Financial Disclosures (TCFD) ,
UK
The regulator has dropped its proposed “public interest” test, but will take certain aspects of its proposals forwards.
On 3 June 2025, the FCA published its final policy (PS25/5) on announcing enforcement...more
Government consults on the first stage of reforming the UK consumer credit regime, covering information requirements, sanctions, and criminal offences....more
On 19 May 2025, HM Treasury published its consultation response on the regulation of certain buy-now-pay-later (BNPL) products, setting out its final position, and laid a draft statutory instrument before Parliament to effect...more
Until recently, the UK and EU post-Brexit market abuse regimes remained substantially aligned. However, the passing of the EU Listing Act reforms in 2024 has meant that UK and EU MAR have started to diverge meaningfully for...more
5/12/2025
/ Capital Markets ,
Corporate Governance ,
Disclosure Requirements ,
EU ,
EU Market Abuse Regulation (EU MAR) ,
Financial Regulatory Reform ,
Insider Trading ,
Listing Standards ,
New Legislation ,
PDMR ,
Regulatory Reform ,
Reporting Requirements ,
Securities Regulation ,
UK
FCA outlines its priorities and areas in which it plans to reduce the regulatory burden for firms. On 25 March 2025, the FCA published its five-year strategy (Strategy), alongside the outcome of its review of retail conduct...more
3/26/2025
/ Consumer Financial Contracts ,
Consumer Financial Products ,
Disclosure Requirements ,
Enforcement Priorities ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Reform ,
FinTech ,
Information Reports ,
Mortgages ,
Regulatory Agenda ,
Regulatory Burden ,
Risk Management ,
UK
The regulator found many examples of good practice, but also published further guidance and case studies to help firms address areas for improvement....more
The regulators have said they will not pursue their proposals on announcing enforcement investigations and on D&I. On 12 March 2025, the FCA and PRA made important announcements regarding the long-awaited outcomes on certain...more
A review of fund and portfolio managers found a number of good practices, but also revealed the need for improvement in areas such as conflict management.
On 5 March 2025, the FCA published the findings from its review...more
3/7/2025
/ Conflicts of Interest ,
Corporate Governance ,
Disclosure Requirements ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Fund Managers ,
Investment Management ,
Portfolio Managers ,
Private Equity ,
Private Funds ,
Risk Management ,
Valuation
Speech focuses on the regulatory change agenda, and confirms that firms are no longer expected to have a Consumer Duty board champion.
On 27 February 2025, the FCA published a speech given by Nikhil Rathi, in which he...more
The FCA proposes moving away from the PRIIPs KIDs to a more flexible, technologically neutral regime, which allows firms to innovate and prioritise good customer outcomes....more
The consultation covers new methodologies for the financial sector’s GHG emissions reporting, including regarding avoided emissions, or “scope 4” emissions.
On 3 December 2024, the Partnership for Carbon Accounting...more
12/24/2024
/ Climate Change ,
Consultation ,
Corporate Governance ,
European Banking Authority (EBA) ,
Financial Institutions ,
Financial Services Industry ,
Greenhouse Gas Emissions ,
IFRS ,
Reporting Requirements ,
Sustainability ,
Sustainable Business Practices ,
UK
On 13 December 2024, the FCA and the PRA published linked Consultation Papers on operational incident and third-party reporting (FCA CP24/28 and PRA CP17/24). The consultations aim to create a structured framework for...more
12/20/2024
/ Business Interruption ,
Business Operations ,
Consultation ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Material Disclosures ,
Prudential Regulation Authority (PRA) ,
Reporting Requirements ,
SMCR ,
Solvency II ,
Third-Party ,
Third-Party Service Provider ,
UK
On 11 December 2024, the FCA published two pieces of feedback on the Consumer Duty, setting out good practices and areas for improvement in relation to Consumer Duty board reports and complaints and root cause analysis....more