In this report, we explore how MiFID II inducements requirements apply to firms and their counterparties in common scenarios.
The MiFID II inducements regime is complex and can cause confusion. Not only do different...more
2/5/2026
/ Best Interest Standard ,
Conflicts of Interest ,
Distributors ,
EU ,
European Securities and Markets Authority (ESMA) ,
Financial Services Industry ,
Hospitality Industry ,
Inducements ,
Logistics ,
Manufacturers ,
MiFID II ,
Publicly-Traded Companies ,
Regulatory Requirements ,
Securities Regulation
The FCA is seeking views on proposals to update its climate-related disclosure rules for listed issuers to align with the new UK SRS....more
2/2/2026
/ Climate Change ,
Corporate Governance ,
Corporate Issuers ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Financial Conduct Authority (FCA) ,
Publicly-Traded Companies ,
Request for Proposals ,
Sustainability ,
Sustainable Business Practices ,
Sustainable Finance ,
Task Force on Climate-related Financial Disclosures (TCFD) ,
UK
In this publication, we explore 10 key focus areas for US bank regulators in the year ahead.
Building on a fast start in 2025, 2026 is shaping up to be an extraordinarily active year, as US bank regulators continue down...more
1/20/2026
/ Banking Regulators ,
Banking Sector ,
Basel Committee on Banking Supervision (BCBS) ,
Cryptocurrency ,
Deregulation ,
Digital Assets ,
Financial Services Industry ,
FinTech ,
Money Laundering ,
National Bank Charters ,
New Legislation ,
Regulatory Authority ,
Regulatory Oversight ,
Regulatory Reform ,
Stablecoins ,
Stress Tests ,
The GENIUS Act
In this publication, we explore some of the core focus areas for UK-regulated financial services firms in the year ahead....more
1/7/2026
/ Artificial Intelligence ,
Consumer Financial Products ,
Corporate Governance ,
Deregulation ,
Environmental Social & Governance (ESG) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Services Industry ,
HM Treasury ,
Prudential Regulation Authority (PRA) ,
Prudential Standards ,
Regulatory Agenda ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
UK
Under the proposals, only designated benchmarks or benchmark administrators would be regulated....more
The findings from a multi-firm review examine how wholesale firms deliver best execution in UK listed cash equities....more
12/19/2025
/ Banking Sector ,
Banks ,
Best Execution ,
Best Practices ,
Capital Markets ,
Conflicts of Interest ,
Financial Conduct Authority (FCA) ,
Governance Standards ,
MiFID II ,
Regulatory Oversight ,
Risk Management ,
UK ,
Wholesale
FCA Policy Statement confirms rules and guidance for new form of support to help consumers with investment decisions....more
12/18/2025
/ Consumer Financial Products ,
Data Protection ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Investment ,
Proposed Rules ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
Retail Investors ,
UK
The FCA will be introducing new guidance to help firms deal with instances of non-financial misconduct....more
The FCA wants to reset how firms distinguish between retail and professional clients, balancing promoting growth with consumer protection....more
12/12/2025
/ Accredited Investors ,
Comment Period ,
Consultation ,
Consumer Protection Laws ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Institutional Investors ,
Investment ,
MiFID ,
Proposed Rules ,
Recordkeeping Requirements ,
Regulatory Oversight ,
Regulatory Requirements ,
Retail Investors ,
UK
The new regime is designed to address key issues with the PRIIPs KID....more
12/11/2025
/ Consumer Financial Products ,
Disclosure Requirements ,
Final Rules ,
Financial Conduct Authority (FCA) ,
Investment Funds ,
New Legislation ,
Packaged Retail And Insurance-Based Investment Products (PRIIPS) ,
Regulatory Reform ,
Regulatory Requirements ,
Retail Investors ,
UK
Ratings providers will be subject to a number of existing FCA rules, as well as bespoke regulatory requirements, which will require a significant uplift to systems and processes....more
12/3/2025
/ Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
Financial Conduct Authority (FCA) ,
HM Treasury ,
Ratings ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
Risk Management ,
Sustainable Finance ,
UK
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
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
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
The proposals aim to make the UK regime more proportionate and suggest different rules applying to hedge funds, venture capital firms, and private equity houses.
On 7 April 2025, the FCA published a Call for Input, and HM...more
4/10/2025
/ AIFs ,
Alternative Investment Fund Managers Directive (AIFMD) ,
Alternative Investment Funds ,
Consultation ,
EU ,
Financial Conduct Authority (FCA) ,
Fund Managers ,
Hedge Funds ,
HM Treasury ,
Investment Funds ,
Private Equity ,
Proposed Rules ,
Regulatory Reform ,
UK ,
UK Brexit ,
Venture Capital
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
The Commission’s proposal seeks to reshape EU Sustainability requirements by amending CSRD, CSDDD, EU Taxonomy, and CBAM.
On 26 February 2025, the European Commission (Commission) published its much-anticipated first...more
3/4/2025
/ Amended Regulation ,
Carbon Emissions ,
Corporate Governance ,
Due Diligence ,
Environmental Policies ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
Regulatory Requirements ,
Renewable Energy ,
Reporting Requirements ,
Sustainability ,
Sustainable Business Practices ,
Taxonomy