From 2030, master trusts and group personal pensions will generally need a main scale default arrangement holding at least £25 billion in assets under management to continue receiving automatic enrolment contributions. Our briefing explains how the new scale requirements are
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Podcast | Global Regulation Tomorrow Plus: Crypto under the FCA – Special edition – Authorisation
Our podcast mini-series on ‘Crypto under the FCA’ examines the FCA’s highly anticipated policy statements published on June 30, 2026, which collectively shape the new regulatory regime for cryptoassets in the United Kingdom. In this episode we unpack the authorisation process…
Council adopts key elements of negotiating position on MISP
On 9 October 2026, the Economic and Financial Affairs (ECOFIN) Council agreed on the key elements of the Market Integration and Supervision (MISP) package. The adoption of the negotiating position follows nine months of negotiations between Member States on possible…
FCA blog on how strong compliance functions can support trusted corporate finance markets
On 8 October 2026, the Financial Conduct Authority (FCA) published a blog on how strong compliance functions can support trusted corporate finance markets, this follows on from a survey the FCA had conducted, which it considers found encouraging practice across…
FCA publishes consultation paper on fair redemption terms for authorised funds investing in illiquid assets
On 8 October 2026, the Financial Conduct Authority (FCA) published a consultation paper in relation to fair redemption terms for authorised funds investing in illiquid assets (CP26/35).
Background
The FCA sets out that it has worked with the International Organization…
APRA releases proposals to strengthen trustee investment governance
By Liz Hastilow & Sam Smith
On 30 September 2026, the Australian Prudential Regulation Authority (APRA) issued a consultation paper and draft Prudential Standard SPS 530 Investment Governance for consultation.
Background
The policy reform in the consultation paper is the next phase of APRA’s multi-year…
ASIC updates relief for managed discretionary account service providers
By Liz Hastilow & Sam Smith
On 30 September 2026, the Australian Securities and Investments Commission (ASIC) issued ASIC Corporations (Managed Discretionary Account Services) Instrument 2026/720 which replaces ASIC Corporations (Managed Discretionary Account Services) Instrument 2016/968.
ASIC Instrument 2026/720 does not substantively change the terms of…
ESMA Public Statement – Extended transitional period for third-country CSDs
On 7 October 2026, the European Securities and Markets Authority (ESMA) issued a Public Statement regarding an extended transitional period for third-country central securities depositories (CSDs).
Background
CSDs established in a country outside of the European Union (third country CSDs)…
AMLA consults on draft RTS for AML/CFT central database
On 7 October 2026, the Anti-Money Laundering Authority (AMLA) issued a consultation paper on draft regulatory technical standards (RTS) on the anti-money laundering / countering the financing of terrorism (AML/CFT) central database under Article 11(6) of the AMLA Regulation (Regulation…
PRA CP13/26 – Updating regulatory thresholds: An autopilot approach
On 7 October 2026, the Prudential Regulation Authority (PRA) published Consultation Paper 13/26 – Updating regulatory thresholds: An autopilot approach (CP13/26).
Background
In CP13/26 the PRA proposes a transparent, rules-based framework that would automatically update in-scope regulatory thresholds every five…