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UK Financial Insights from Katten | Issue 30

UK Financial Insights from Katten is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds in the UK and Europe....more

Financial Markets and Funds Quick Take | Issue 47

Katten's Financial Markets and Funds Quick Take is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds....more

Regulators Consult on Further Streamlining

The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) (together, the Regulators) have published parallel consultations on amendments to their respective securitisation rules. The proposals in the FCA...more

FCA Publishes Further Consultation on Application of the FCA Handbook to Cryptoasset Activities

The UK Financial Conduct Authority (FCA) has published a consultation on proposed rules and guidance for firms conducting regulated cryptoasset activities (CP26/4), together with a guidance consultation on the application of...more

Financial Markets and Funds Quick Take | Issue 46

Katten's Financial Markets and Funds Quick Take is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds....more

UK Financial Insights from Katten | Issue 29

UK Financial Insights from Katten is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds in the UK and Europe....more

FCA Consults on Reforms to Client Categorisation and Conflicts of Interest Rules

On 8 December 2025, the Financial Conduct Authority (FCA) published a consultation paper (CP25/36) proposing significant changes to the UK’s client categorisation rules in the FCA’s Conduct of Business sourcebook (COBS), as...more

HM Treasury and FCA Publish Comprehensive Cryptoasset Regulatory Framework

On 16 December 2025, the Financial Conduct Authority (FCA) published a comprehensive set of proposals to formally regulate the cryptoasset market. The FCA’s proposals, detailed in three consultation papers (CP25/40, CP25/41,...more

European Commission Announces Legislative Package to Advance EU Financial Market Integration

On 4 December 2025, the European Commission (EC) released a comprehensive package of measures aimed at removing barriers and enhancing the integration, efficiency, and competitiveness of European Union (EU) financial markets...more

Financial Markets and Funds Quick Take | Issue 45

Katten's Financial Markets and Funds Quick Take is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds....more

FCA Publishes Final Rules on Systematic Internaliser Regime for Bonds and Derivatives and Matched Principal Trading by MTF...

On 28 November 2025, the Financial Conduct Authority (FCA) published a policy statement (PS25/17) finalising rules proposed in its July 2025 consultation paper (CP25/20). The reforms remove the Systematic Internaliser (SI)...more

CFTC Staff Guidance Dispels Longstanding Legal Uncertainty Around an FCM's Use of Customer Securities to Secure Foreign Futures...

In 2016, and again in 2018, Commodity Futures Trading Commission (CFTC) staff issued no-action letters permitting Futures Commission Merchants (FCMs) to deposit securities pledged by their foreign futures customers with a...more

Improving UK Transaction Reporting: FCA Consults on Streamlined Framework

On 21 November 2025, the Financial Conduct Authority (FCA) published a consultation paper (CP25/32) setting out proposed reforms to the UK transaction reporting regime (the Regime). The consultation aims to reduce regulatory...more

ESAs Publish List of Critical ICT Third Party Service Providers under EU DORA

On 18 November 2025, the European Supervisory Authorities (ESAs) published the first list of designated critical information and communication technology (ICT) third party service providers (CTPPs) under the EU Digital...more

UK Financial Insights from Katten | Issue 28

UK Financial Insights from Katten is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds in the UK and Europe....more

Financial Markets and Funds Quick Take | Issue 44

Katten's Financial Markets and Funds Quick Take is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds....more

Financial Markets and Funds Quick Take | Issue 43

From Enforcement to Empowerment: SEC Chairman Paul Atkins Charts a New Regulatory Approach for Digital Assets - SEC Chairman Atkins promoted a forward-looking regulatory agenda, emphasizing three interlocking priorities: (1)...more

FCA Consults on Implementation of Streamlined UK Short Selling Regime

On 28 October 2025, the Financial Conduct Authority (FCA) published a consultation paper (CP25/29) proposing significant changes to the UK’s short selling regulatory framework. CP25/29 seeks to introduce a new Short Selling...more

UK Financial Insights from Katten | Issue 27

FCA Sets Out T+1 Settlement Expectations for UK Asset Managers and Alternative Firms - On 23 October 2025, the Financial Conduct Authority (FCA) published a letter directed at firms within its Asset Management and...more

FCA Sets Out T+1 Settlement Expectations for UK Asset Managers and Alternative Firms

On 23 October 2025, the Financial Conduct Authority (FCA) published a letter directed at firms within its Asset Management and Alternative Firms portfolio, setting out expectations for the UK’s transition from T+2 to T+1...more

UK Regulators Transfer MiFID Organisational Regulation into Domestic Rulebooks

On 9 October 2025, the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) published policy statements PS25/13 and PS16/25 respectively, completing the transfer of the Markets in Financial Instruments...more

Declawing the CAT: SEC Trims Back Audit Trail Obligations

The Securities and Exchange Commission (SEC) issued a conditional exemptive order that grants targeted relief from several requirements under the national market system plan governing the consolidated audit trail (CAT), SEC...more

UK Financial Insights from Katten | Issue 26

UK Financial Insights from Katten is a monthly newsletter highlighting key noteworthy developments potentially affecting financial markets and funds in the UK and Europe....more

FCA Consults on Application of FCA Handbook to Cryptoasset Activities

The Financial Conduct Authority (FCA) has published a consultation (CP25/25) on the application of the FCA Handbook to regulated cryptoasset activities. If the proposals therein are implemented by the FCA, it would mark...more

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