Participants are invited to comment on the appropriateness of MiCA by 31 August 2026.
By Axel Schiemann, Thomas Vogel, Lasse Winzer, Stuart Davis, and Gabriel Lakeman
Key Points:
The Order aims to integrate digital asset providers and innovative technologies into traditional financial services via broader access to the FRB’s payment infrastructure.
By Jenny Cieplak, Zachary Fallon, Arthur S. Long, Parag Patel, Yvette D. Valdez
BaFin significantly revised its previously published draft WpI-MaRisk on risk management requirements for German investment firms, with a particular emphasis on the principle of proportionality.
By Axel Schiemann and Lasse Winzer
Key Points:
The stay pauses litigation over the 2025 HSR form while the FTC and DOJ consider revisions.
By Kyra K. Bromley, Patrick C. English, and Peter M. Todaro
On May 26, 2026, the Fifth Circuit granted the US government’s
Reforms seek to make the ring-fencing regime more proportionate, whilst retaining its core pillars.
By Rob Moulton, Gary Whitehead, and Charlotte Collins
On 18 May 2026, HM Treasury published the findings of its ring-fencing review. The Chancellor confirmed
The proposed changes would refocus supervisory ratings on material financial risks, reduce the influence of the Management component, and increase transparency across the framework.
By Arthur S. Long, Pia Naib, and Deric Behar
Key Points
The package of measures recognises the need to promote energy security and combat rising costs.
By Michael D. Green and James Bee
Key Points:
The new Financial Services and Markets Bill will make required changes to help complete certain outstanding elements of the Leeds Reforms.
By Becky Critchley, Nicola Higgs, Rob Moulton, and Charlotte Collins
Key Points:
The law limits state and local government support for net zero policies in Florida and may increase scrutiny of climate-related fund commitments involving public money.
By Betty M. Huber and Sophia Fossali
Key Points:
Forthcoming legislation will enable much of the regime to be recast in FCA rules.
By Becky Critchley, Nicola Higgs, Rob Moulton, and Charlotte Collins
Key Points:
