On 20 October 2026, the European Securities and Markets Authority (ESMA) issued a final report on regulatory technical standards (RTS) on the requirements for Post-Trade Risk Reduction (PTRR) services for the purpose of the clearing obligation exemption under the European
Global Regulation Tomorrow
Tracks financial services regulatory developments and provides insight and commentary
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Does CP26/34 solve anything in relation to branches? Key Themes and Practical Implications for Transaction Reporting
Introduction
It is interesting that the FCA has sought to amplify its guidance in relation to the execution of transactions by branches in CP26/34. However, there is a good argument that the new guidance creates more questions than answers…
ESMA final report on the guarantees as CCP collateral and CCP investment policy
On 19 October 2026, the European Securities and Markets Authority (ESMA) issued a final report on draft regulatory technical standards (RTS) amending Commission Delegated Regulation 153/2013 in relation to public guarantees, public bank guarantees and commercial bank guarantees as collateral…
FCA Good and Poor Practice – AI in financial services: good practice and areas for improvement
On 19 October 2026, the Financial Conduct Authority (FCA) published a new webpage setting out good practice and areas for improvement in artificial intelligence (AI) in financial services.
Examples
The examples provided by the FCA identify common themes and…
Improvement still needed in how some super funds and auditors assess and scrutinise the value of unlisted investments
By Liz Hastilow & Sam Smith
On 14 October 2026, the Australian Securities and Investments Commission (ASIC) issued the results of its second review into the financial reporting and audit of superannuation funds. In Report 841 Accounting for your super: Super fund financial reporting and audit…
Basel Committee finalises measures to address window-dressing in the G-SIB framework and consults on G-SIB methodology review
On 16 October 2026, the Basel Committee on Banking Supervision (Basel Committee) published final amendments to address window dressing in the global systemically important bank (G-SIB) framework and a consultation on the G-SIB methodology review. The final amendments follow a…
ESMA revises CSDR guidelines on standardised procedures and messaging protocols
On 16 October 2026, the European Securities and Markets Authority (ESMA) published a Final Report setting out revised guidelines under the Central Securities Depositories Regulation (CSDR) on standardised procedures and messaging protocols used between investment firms and their professional clients.…
ESMA updates MAR guidelines on the delay in the disclosure of inside information
On 16 October 2026, the European Securities and Markets Authority (ESMA) issued a Final Report setting out revised Market Abuse Regulation (MAR) guidelines on the delay in the disclosure of inside information.
Background
The Final Report follows a consultation that…
The UK Asset Management Framework Reforms: A Podcast Deep Dive
Our podcast mini-series on the ‘UK Asset Management Framework Reforms’ examines the FCA’s highly anticipated consultation papers published on July 14, 2026, setting out a proposed package of reforms intended to tailor requirements more proportionately for asset managers.
Dive into…
FCA publishes FS26/3 on expanding consumer access to investments
On 16 October 2026, the Financial Conduct Authority (FCA) published a feedback statement on expanding consumer access to investments (FS26/3).
Background
The FCA sets out that FS26/3 summarises the responses it received to its Discussion Paper (DP25/3) published in December…