On 19 March 2026, Lloyd’s of London (Lloyd’s/the Corporation) launched its 2026-30 strategy, setting out a pivot of priorities from platform transformation to an emphasis on financial performance and capital optimisation....more
4/14/2026
/ Artificial Intelligence ,
Business Strategies ,
Capital Markets ,
Capital Requirements ,
Corporate Culture ,
Corporate Governance ,
EU ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Innovation ,
Insurance Regulations ,
Key Performance Indicators (KPIs) ,
Prudential Regulation Authority (PRA) ,
Regulatory Oversight ,
Reporting Requirements ,
Risk Management
Over the past year, governments and regulators globally, including in the U.S. and European Union, have taken measures to manage various aspects of cryptoasset activities. In the U.K., the government has continued its push to...more
4/8/2026
/ Bank of England ,
Blockchain ,
Crypto Exchanges ,
Cryptoassets ,
Decentralized Finance (DeFi) ,
Digital Assets ,
Financial Conduct Authority (FCA) ,
New Regulations ,
Proposed Rules ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
Stablecoins ,
Trading Platforms ,
UK
As part of the ongoing consultations in the UK on a new regulatory framework for cryptoassets, the UK Financial Conduct Authority (FCA) has published Consultation Paper CP25/41 (Consultation Paper)....more
4/7/2026
/ Anti-Money Laundering ,
Consultation Papers ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Disclosure Requirements ,
Due Diligence ,
Financial Conduct Authority (FCA) ,
Insider Trading ,
Market Abuse ,
Market Manipulation ,
Proposed Rules ,
Regulatory Reform ,
Regulatory Requirements ,
UK
On 2 March 2026, the European Commission published a targeted consultation on private equity exits and the possible development of multilateral intermittent trading platforms for private company shares....more
3/10/2026
/ Alternative Trading System (ATS) ,
Capital Markets ,
Capital Markets Union ,
Capital Raising ,
Consultation Papers ,
Cross-Border Transactions ,
EU ,
European Commission ,
Exit Strategies ,
Institutional Investors ,
Investment ,
Investors ,
Private Equity ,
Private Equity Firms ,
Public Consultations ,
Regulatory Reform ,
Secondary Markets ,
Trading Platforms
The UK Financial Conduct Authority’s (FCA’s) recent consultation papers represent a significant step in the UK’s development of a licensing and supervision regime for cryptoasset services, which is intended to come into force...more
3/6/2026
/ Capital Requirements ,
Corporate Governance ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Distributed Ledger Technology (DLT) ,
Financial Conduct Authority (FCA) ,
FinTech ,
Illiquid Assets ,
Investment Firms ,
Liquidity ,
MiFID ,
New Legislation ,
Regulatory Reform ,
Regulatory Requirements ,
Risk Assessment ,
Risk Management ,
UK
On 24 February 2026, the UK Financial Conduct Authority (FCA) published its first Regulatory Priorities report for the UK insurance sector. With the introduction of this new annual publication, which replaces the numerous,...more
3/4/2026
/ Artificial Intelligence ,
Enforcement Actions ,
Financial Conduct Authority (FCA) ,
Innovation ,
Innovative Technology ,
Insurance Claims ,
Insurance Regulations ,
Insuretech Sector ,
Regulatory Agenda ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
UK
On 12 February 2026, HM Treasury (HMT) published a consultation paper proposing targeted legislative reforms to the UK’s Appointed Representatives (AR) regime....more
2/25/2026
/ Consultation Papers ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Reform ,
Governance Standards ,
HM Treasury ,
New Legislation ,
Proposed Legislation ,
Public Consultations ,
Regulatory Oversight ,
Regulatory Reform ,
Risk Management ,
UK
On 17 February 2026, the Prudential Regulation Authority (PRA) published a consultation paper (CP2/26), “Reforms to Securitisation Requirements,” within which various updates to the UK’s securitisation framework have been...more
2/23/2026
/ Asset-Backed Securities ,
Capital Requirements Regulation (CRR) ,
Consultation Papers ,
Cross-Border Transactions ,
Financial Conduct Authority (FCA) ,
HM Treasury ,
Proposed Rules ,
Prudential Regulation Authority (PRA) ,
Regulatory Reform ,
Regulatory Requirements ,
Reporting Requirements ,
Risk Retention ,
Securitization ,
Securitization Market ,
Transparency ,
UK
On 2 February 2026, EIOPA published its “Consultation Paper on the Supervisory Statement on the Authorisation and Ongoing Supervision of (Re-)insurance Undertakings Related to Private Equity”....more
2/19/2026
/ Acquisition Agreements ,
Corporate Governance ,
EIOPA ,
EU ,
European Supervisory Authorities (ESAs) ,
Insurance Regulations ,
National Competent Authorities (NCA) ,
New Guidance ,
Private Equity ,
Private Equity Firms ,
Regulatory Oversight ,
Regulatory Requirements ,
Reinsurance ,
Risk Management ,
Transparency
In December 2025, the FCA published its final Policy Statement and guidance (Final Guidance) on the treatment of non-financial misconduct (NFM) under the Code of Conduct (COCON) and the Fit and Proper (FIT) regime, with...more
2/9/2026
/ Code of Conduct ,
Compliance Monitoring ,
Corporate Governance ,
Final Rules ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Harassment ,
Human Resources Professionals ,
New Guidance ,
New Regulations ,
Nonbank Firms ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
Risk Management ,
UK
On 8 December 2025, the UK Financial Conduct Authority (FCA) published Consultation Paper (CP26/36) (the CP), proposing reforms to the professional client categorisation regime and targeted simplifications to the conflicts of...more
1/13/2026
/ Conflicts of Interest ,
Consultation Papers ,
Consumer Protection Laws ,
EU ,
Financial Conduct Authority (FCA) ,
High Net-Worth ,
Investment Management ,
Investor Protection ,
MiFID II ,
Private Equity ,
Professional Investors ,
Proposed Rules ,
Regulatory Oversight ,
Regulatory Reform ,
UK ,
Wealth Management
Following our previous review of the evolving UK and EU approaches to the regulation of third-country bank branches and subsidiarization, the European Banking Authority (EBA) has now published a significant Consultation Paper...more
12/19/2025
/ AML/CFT ,
Anti-Money Laundering ,
Banking Sector ,
Banks ,
Capital Requirements Directive IV (CRDIV) ,
Cross-Border Transactions ,
EU ,
European Banking Authority (EBA) ,
Financial Institutions ,
Foreign Banks ,
International Banks ,
New Regulations ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
Third Country Entities (TCEs) ,
UK
The UK’s cryptoasset regulatory framework continues to take shape following a series of coordinated legislative and regulatory developments across HM Treasury and the Financial Conduct Authority (FCA)....more
12/18/2025
/ Anti-Money Laundering ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Financial Conduct Authority (FCA) ,
FinTech ,
HM Treasury ,
New Legislation ,
Proposed Legislation ,
Proposed Rules ,
Prudential Regulation Authority (PRA) ,
Public Consultations ,
Regulatory Reform ,
Regulatory Requirements ,
UK
On 31 October 2025, the FCA published its findings from a multi-firm review of consolidation in the financial advice and wealth management sector....more
12/1/2025
/ Acquisition Agreements ,
Best Practices ,
Corporate Governance ,
Debt ,
Due Diligence ,
Financial Adviser ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Merger Agreements ,
Regulatory Oversight ,
Regulatory Requirements ,
Risk Management ,
UK ,
Wealth Management
The long-awaited Bank of England (Bank) consultation paper on its proposed regulatory regime for sterling-denominated systemic stablecoins was published on 10 November 2025 (Consultation Paper)....more
11/13/2025
/ Anti-Money Laundering ,
Bank of England ,
Blockchain ,
Consultation Papers ,
Cryptocurrency ,
Digital Assets ,
Distributed Ledger Technology (DLT) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Regulatory Reform ,
Financial Services Industry ,
FinTech ,
HM Treasury ,
Investment ,
Payment Systems ,
Regulatory Requirements ,
Smart Contracts ,
Stablecoins ,
UK
The Consumer Duty (the Duty) remains one of the key priorities for the Financial Conduct Authority (FCA) under its 2025-2030 Strategy. It was introduced to strengthen protection for retail consumers who may lack expertise and...more
10/28/2025
/ Advertising ,
Consumer Protection Laws ,
Cryptoassets ,
Data Protection ,
Financial Conduct Authority (FCA) ,
Insurance Industry ,
Mortgages ,
Regulatory Agenda ,
Regulatory Oversight ,
Regulatory Reform ,
Regulatory Requirements ,
UK
The Guidelines aim to harmonize supervisory practices and enhance cross-sectoral consistency across the EU insurance sector regarding diversity within AMSB. The provisions are intended to expand the range of experience,...more
10/20/2025
/ Board of Directors ,
Compliance ,
Corporate Governance ,
Diversity and Inclusion Standards (D&I) ,
EIOPA ,
Environmental Social & Governance (ESG) ,
EU ,
Financial Services Industry ,
Gender Equity ,
Insurance Industry ,
Insurance Regulations ,
New Guidance ,
Regulatory Requirements
There have been significant developments in the regulation of consumer loans across both the European Union and the United Kingdom in recent years. In response to evolving market dynamics, technological advancements and the...more
10/6/2025
/ Buy Now Pay Later (BNPL) ,
Consumer Financial Products ,
Consumer Lenders ,
Consumer Protection Laws ,
EU ,
Financial Regulatory Reform ,
Financial Services Industry ,
Germany ,
Lenders ,
Loans ,
New Legislation ,
Popular ,
Regulatory Reform ,
Regulatory Requirements ,
UK
On 17 September 2025, the Financial Conduct Authority (FCA) published a Consultation Paper on the Application of FCA Handbook for Regulated Cryptoasset Activities (CP25/25). CP25/25 sets out how the existing rules in the FCA...more
9/30/2025
/ Anti-Money Laundering ,
Blockchain ,
Consultation Papers ,
Consumer Protection Laws ,
Cryptoassets ,
Digital Assets ,
Financial Conduct Authority (FCA) ,
FinTech ,
Regulatory Reform ,
Regulatory Requirements ,
Risk Management ,
Stablecoins ,
UK
Improper inducement or legitimate distribution fee? The UK Supreme Court’s landmark ruling clarifies the rules on intermediaries that are common to the supply chain of almost all financial services....more
8/15/2025
/ Anti-Bribery ,
Appeals ,
Bribery ,
Disclosure Requirements ,
Fiduciary Duty ,
Financial Services Industry ,
Insurance Brokers ,
Insurance Industry ,
Intermediaries ,
UK ,
UK Supreme Court
- What is new: HM Treasury and the UK regulators announced a package of financial services reforms on 15 July 2025, including cross-cutting reforms in the regulatory environment, significant changes to the SMCR regime, a...more
8/6/2025
/ Bank of England ,
Consultation Papers ,
Filing Deadlines ,
Financial Conduct Authority (FCA) ,
Financial Regulatory Reform ,
HM Treasury ,
Key Performance Indicators (KPIs) ,
Prudential Regulation Authority (PRA) ,
Rulemaking Process ,
SMCR ,
UK
- What is new: Preliminary findings from the Financial Conduct Authority’s (FCA’s) market study of premium finance, which focuses on motor and home insurance, highlight concerns about affordability, value and transparency,...more
8/4/2025
/ Banking Sector ,
Competition ,
Consumer Financial Products ,
Consumer Protection Laws ,
Financial Conduct Authority (FCA) ,
Financial Services Industry ,
Insurance Industry ,
Interest Rates ,
Loans ,
Regulatory Oversight ,
Regulatory Requirements ,
UK
- What is new: The FCA has published Consultation Paper 25/23 proposing new regulations for Buy Now, Pay Later (BNPL) services, now termed deferred-payment credit (DPC), with rules coming into force on 15 July 2026. - Why it...more
7/30/2025
/ Buy Now Pay Later (BNPL) ,
Compliance ,
Consumer Lenders ,
Consumer Protection Laws ,
Financial Conduct Authority (FCA) ,
Lenders ,
New Regulations ,
Proposed Rules ,
Regulatory Requirements ,
The Pensions Regulator (TPR) ,
Third Party Funding ,
UK
The first half of 2025 brought significant developments in the regulation of digital and cryptoassets in the UK and EU. In this half-year update, we review these and look ahead to likely developments in the UK and EU in the...more
7/9/2025
/ Banking Sector ,
Blockchain ,
Cryptocurrency ,
Digital Assets ,
EU ,
European Banking Authority (EBA) ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
Financial Conduct Authority (FCA) ,
Financial Institutions ,
Financial Regulatory Reform ,
FinTech ,
HM Treasury ,
Technology ,
UK
The Markets in Crypto-Assets Regulation (MiCA) has now been in full effect for six months. This landmark piece of legislation, which is designed to create a harmonized regulatory framework for cryptoassets across the EU,...more