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Proskauer Rose LLP

FinReg Monthly Update - February 2026

Proskauer Rose LLP on

Welcome to the FinReg Monthly Update, a regular bulletin highlighting the latest developments in UK, EU and U.S. financial services regulation....more

Paul Hastings LLP

FCA and PRA Propose Targeted Reforms to UK Securitisation Framework

Paul Hastings LLP on

On 17 February, the UK Financial Conduct Authority (FCA) and the UK Prudential Regulation Authority (PRA) published parallel consultation papers (CP26/6 and CP2/26 respectively, and together, the Consultation Papers) setting...more

Latham & Watkins LLP

Impactful Deterrence and Doing the Right Thing: The FCA’s Enforcement Strategy Unpacked

Latham & Watkins LLP on

The regulator’s newest caseload sheds some light on the latest priorities, and could well lead to important outcomes relating to the SMCR and the Consumer Duty....more

DLA Piper

UK Securitisation - Welcome Proposals Represent Divergence From the EU Position

DLA Piper on

The Financial Conduct Authority (FCA)’s CP 26/6 “Rules for reforming the UK Securitisation Framework” appeared on Tuesday morning setting out 47 questions for consideration. There was also a parallel consultation from the...more

Cadwalader, Wickersham & Taft LLP

The UK Consults on Significant Changes to its Securitisation Framework

On 17 February 2026, the UK’s Financial Conduct Authority (“FCA”) and Prudential Regulation Authority (“PRA”) published parallel consultation papers proposing the most significant overhaul of the UK securitisation framework...more

Katten Muchin Rosenman LLP

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

Mayer Brown

New Proposals for reforming the UK Securitisation Framework

Mayer Brown on

On 17 February 2026 the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) published consultation papers (CP26/6 and CP2/26 respectively) setting out proposed reforms to the UK securitisation...more

Morgan Lewis

FCA & PRA Consultations on the UK Securitisation Framework

Morgan Lewis on

The UK Financial Conduct Authority (FCA) and the Prudential Regulation Authority of the Bank of England (PRA) have each published a consultation paper in relation to proposed changes to the UK securitisation framework. These...more

Orrick, Herrington & Sutcliffe LLP

FCA and PRA Publish Consultation Papers on Proposed Reforms to UK Securitisation Framework

On 17 February, the FCA and PRA published consultation papers (the “Consultation Papers”) on reforming the UK Securitisation Framework (the “Framework”). The Consultation Papers follow the process of transferring assimilated...more

Skadden, Arps, Slate, Meagher & Flom LLP

PRA and FCA Consult on Reforms to UK Securitisation Framework

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

Katten Muchin Rosenman LLP

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

Hogan Lovells

HL UK Pensions Law Digest 12 February 2026

Hogan Lovells on

An Order has been made to create a new regulated activity of providing targeted support from 6 April 2026 (The Financial Services and Markets Act 2000 (Regulated Activities) (Providing Targeted Support) (Amendment) Order...more

A&O Shearman

UK Lays SI To Create New Regulated Activity Of Providing Targeted Support

A&O Shearman on

The Financial Services and Markets Act 2000 (Regulated Activities) (Providing Targeted Support) (Amendment) Order 2026 was laid before UK Parliament and published with an explanatory memorandum. The instrument, following the...more

A&O Shearman

Overview Of The Year Ahead: Regulatory Policy Drivers In 2026

A&O Shearman on

Trade tensions and broader political risks and uncertainty persist and remain of concern to financial markets and their supervisory authorities generally. Across the UK and EU consistent themes continue to centre around...more

BCLP

Rebalancing Risk to Unlock Growth: How Financial Services Regulation Will Shape the Economy in 2026

BCLP on

Financial services sit at the heart of the UK government’s modern Industrial Strategy. Designated as one of eight “growth-driving sectors”, it is expected to play a central role in supporting economic growth – yet it faces...more

Mitratech Holdings, Inc

UK Operational Resilience Requirements: How to Prove Compliance

The UK operational resilience requirements for the Financial Services and Markets Act (FSMA) came into force in March 2025. Yet, many firms are still scrambling to demonstrate that they can keep critical services running...more

A&O Shearman

UK Regulators Publish Joint 2025 CBEST Thematic Report

A&O Shearman on

The Bank of England, UK Prudential Regulation Authority and UK Financial Conduct Authority have published their 2025 annual CBEST thematic report. CBEST is a threat-led penetration testing assessment framework of cyber...more

A&O Shearman

New UK crypto regime: proposed application of the FCA Handbook and prudential rules

A&O Shearman on

The countdown to the UK’s new crypto regime has begun. On December 15, 2025, the UK published finalised regulations with licensing and market abuse regimes for the crypto market, effective from October 25, 2027....more

Katten Muchin Rosenman LLP

ESAs and UK Regulators Sign Memorandum of Understanding on Cross Border Oversight of Critical ICT Providers under DORA

The European Supervisory Authorities (ESAs) and the UK’s Bank of England, Prudential Regulation Authority and Financial Conduct Authority (together, the UK Regulators) have signed a Memorandum of Understanding (MoU) to...more

A&O Shearman

ESAs And UK Regulators Sign MoU On Oversight Of Critical ICT Third-Party Service Providers Under DORA

A&O Shearman on

The European Supervisory Authorities (comprising the European Securities and Markets Authority, the European Insurance and Occupational Pensions Authority and the European Banking Authority) have entered into a Memorandum of...more

A&O Shearman

UK PRA and FCA Consult On The FSCS MELL for 2026/27

A&O Shearman on

The UK Prudential Regulation Authority (PRA) and the UK Financial Conduct Authority (FCA) have published consultation paper CP1/26, proposing a management expenses levy limit (MELL) of GBP113 million for the UK Financial...more

A&O Shearman

UK ring-fencing reform: Why the ring-fence should be recalibrated, and how

A&O Shearman on

Ring-fencing was a key component of the UK’s response to the financial crisis of 2008–2009. As has been widely acknowledged, subsequent regulatory reforms in banking regulation (in particular, those relating to capital,...more

McDermott Will & Schulte

Year ahead in the UK for private fund managers

The private fund management sector will face unprecedented regulatory change in the UK in 2026 as new rules and regulations are introduced, which are designed to promote competition and growth, whilst supporting financial...more

Hogan Lovells

UK Insurance Horizon Scanner 2026

Hogan Lovells on

A snapshot of key market and regulatory developments expected to impact the UK insurance sector over the next year....more

Latham & Watkins LLP

10 Key Focus Areas for UK-Regulated Financial Services Firms in 2026

Latham & Watkins LLP on

In this publication, we explore some of the core focus areas for UK-regulated financial services firms in the year ahead....more

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