The European Securities and Markets Authority (ESMA) has published its Final Report on revised clearing thresholds under the European Market Infrastructure Regulation (EMIR), following the changes brought in by EMIR 3. This...more
4/10/2026
/ Capital Markets ,
Clearing Agencies ,
Derivatives Clearing Organizations ,
EMIR ,
EU ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
Financial Services Industry ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
Risk Management
Following the UK Financial Conduct Authority's (FCA) decision to lift its 4-year ban on 8 October 2025 on offering cryptoasset-backed exchange-traded notes (cETNs) to retail investors in the UK, a steady stream of market...more
2/16/2026
/ Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Disclosure Requirements ,
Financial Conduct Authority (FCA) ,
Financial Markets ,
Regulatory Oversight ,
Regulatory Requirements ,
Retail Investors ,
Trading Platforms ,
Trading Policies ,
UK
The new UK prospectus regime, the Public Offers and Admissions to Trading Regulations 2024 (POATRs), came into force on 19 January 2026. Whilst many aspects of the previous prospectus regime have been carried over, there are...more
1/22/2026
/ Capital Markets ,
Debt Securities ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Listing Rules ,
New Regulations ,
Prospectus ,
Prospectus Regulation (PR3) ,
Public Offerings ,
Regulatory Reform ,
Regulatory Requirements ,
UK
On 2 December 2025, the Property (Digital Assets etc) Act 2025 received Royal Assent and came into force, completing its passage through Parliament. The Act confirms the pre-established common law position that a thing is...more
The Financial Conduct Authority (FCA) has published a consultation paper (CP) setting out its plans to progress the tokenisation of funds – that is, the digital representation of interests in investment funds, using...more
10/20/2025
/ Blockchain ,
Cryptoassets ,
Digital Assets ,
Distributed Ledger Technology (DLT) ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Reform ,
Fund Managers ,
Investment Funds ,
Regulatory Requirements ,
Tokenization ,
UK
The UK government’s latest communications on 15 July 2025 in connection with the Chancellor’s annual Mansion House speech, and the launch of its Financial Services Growth and Competitiveness Strategy, signals the government’s...more
The Chancellor of the Exchequer has delivered her second Mansion House speech and announced the “Leeds Reforms” in conjunction with publication of the awaited Financial Services Growth and Competitiveness Strategy and related...more
ESMA has recently provided some answers to questions from market participants on the new rules around incorporation by reference under the EU Prospectus Regulation. This follows the changes brought in under the EU Listing Act...more
On 12 June 2025, ESMA published its Final Report on the more detailed content requirements of the changes introduced by the EU Listing Act to the EU Prospectus Regulation, including in relation to the standardised format and...more
The Financial Conduct Authority (the FCA) has published a consultation on debt offerings to retail investors which proposes to introduce a single disclosure standard for debt prospectuses, removing the current distinction...more
This articles provides some insights on the direction of travel in the UK in relation to distributed ledger technology (DLT) and digital assets, in light of recent legislative and policy developments that signal the UK’s...more
This articles provides some insights on the direction of travel in the UK in relation to distributed ledger technology (DLT) and digital assets, in light of recent legislative and policy developments that signal the UK’s...more
On 30 September 2024, the Bank of England (the “Bank”) and the Financial Conduct Authority (the “FCA”) announced that the Digital Securities Sandbox (the “DSS”) is now open for applications. The Bank and the FCA have also...more
The securitisation market is already very familiar with the ability to convert illiquid assets into more tradeable products. Blockchain and tokenisation have the potential to disrupt familiar securitisation mechanics, if not...more
As part of the European Commission’s strategy for financing the transition to a sustainable economy, the EU has been debating for some time how best to put in place a regulatory regime for EU green bonds. This resulted in...more
The European Parliament has recently approved the final EMIR texts, known as “EMIR 3.0” that were agreed between the Council of the EU and the European Parliament in February and which introduce changes to the current EMIR...more
On 8 March 2024, the final consolidated revised Markets in Financial Instruments Regulation (MiFIR) (Regulation (EU) 2024/791) and Markets in Financial Instruments Directive (MiFID II) (Directive (EU) 2024/790) texts were...more
On 8 March 2024, the final consolidated revised Markets in Financial Instruments Regulation (MiFIR) ((EU) 2024/791) and Markets in Financial Instruments Directive (MiFID II) (Directive (EU) 2024/790) texts were published in...more
The updated reporting rules under EMIR for new and outstanding derivatives trades will apply from 29 April 2024 under EU EMIR and 30 September 2024 under UK EMIR. Key changes to the reporting requirements have been introduced...more
As the demand for derivatives linked to environmental, social and governance (ESG) goals increases, parties are looking to sustainability-linked derivatives (SLDs) to assist them in meeting their sustainability targets. The...more
As part of the European Commission’s strategy for financing the transition to a sustainable economy, the EU has been debating for some time how best to put in place a regulatory regime for EU green bonds. This has resulted...more
On 8 January 2024, the Financial Services and Markets Act 2023 (Digital Securities Sandbox) Regulations 2023 entered into force, creating the Digital Securities Sandbox within which certain Financial Market Infrastructures...more
Following the publication of the European Commission’s 2024 work programme and announcements from the UK Government, this article explores how both the UK and the EU are focusing on closing out the remaining legislative files...more
ESMA has issued a statement on sustainability disclosure in prospectuses issued under the EU Prospectus Regulation. Although the statement is directed to EU National Competent Authorities, ESMA makes it clear that its...more
On 23 May 2023, the European Council and the European Parliament reached a provisional agreement on three proposals jointly creating the European Single Access Point (ESAP) as part of the Capital Markets Union Action Plan. ...more