https://s1-uk.practicallaw.thomsonreuters.com/WLN-PLCUK-SC_2605.1.2002/productViews/plcuk/Legal updateshttps://uk.practicallaw.thomsonreuters.comFinancial Serviceshttps://uk.practicallaw.thomsonreuters.com/Document/I7e208d195e6e11f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I7e208d195e6e11f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 09 Jun 2026 00:00:00 CDTWe have published a new practice note on fund finance from an English law perspective.https://uk.practicallaw.thomsonreuters.com/Document/I7e208d195e6e11f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I534ac466618811f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I534ac466618811f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 09 Jun 2026 00:00:00 CDTThe FCA has published a consultation paper (CP26/18) on supporting first-time buyers and underserved customers in the mortgage market. The work is part of the FCA's Mortgage Rule Review.https://uk.practicallaw.thomsonreuters.com/Document/I534ac466618811f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ic09a5b1d63fe11f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ic09a5b1d63fe11f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 09 Jun 2026 00:00:00 CDTThe European Parliament has indicated that it will consider the legislative proposals relating to the European Commission's Retail Investment Strategy at its 11 to 12 November 2026 plenary session.https://uk.practicallaw.thomsonreuters.com/Document/Ic09a5b1d63fe11f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I655c50a163e711f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I655c50a163e711f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 09 Jun 2026 00:00:00 CDTThe Financial Services and Markets Bill 2026-27 (FSM Bill) has had its second reading in the House of Lords.https://uk.practicallaw.thomsonreuters.com/Document/I655c50a163e711f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ib484760463e711f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ib484760463e711f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 09 Jun 2026 00:00:00 CDTThe European Parliament has published a press release announcing it has reached provisional political agreement with the Council of the EU on the legislative proposal for a Directive to amend the MiFID II Directive (2014/65/EU) to extend some mitigating measures available to SMEs to small mid-cap enterprises.https://uk.practicallaw.thomsonreuters.com/Document/Ib484760463e711f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I655c302e63e711f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I655c302e63e711f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 09 Jun 2026 00:00:00 CDTThe House of Commons Treasury Committee has published the response from the FCA following its request for information relating to the FCA's work on its compensation scheme for motor finance complaints.https://uk.practicallaw.thomsonreuters.com/Document/I655c302e63e711f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ib37d3cde63e711f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ib37d3cde63e711f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 09 Jun 2026 00:00:00 CDTRachel Reeves, Chancellor of the Exchequer, has delivered a speech on AI and innovation at the AI Adoption Summit.https://uk.practicallaw.thomsonreuters.com/Document/Ib37d3cde63e711f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I411ace15618711f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I411ace15618711f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Mon, 08 Jun 2026 00:00:00 CDTThe Financial Ombudsman Service (FOS) has published its response to the FCA consultation paper (CP26/10) on simplifying the rules on providing pensions and investment advice to consumers.https://uk.practicallaw.thomsonreuters.com/Document/I411ace15618711f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Iabd499e3618711f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Iabd499e3618711f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Mon, 08 Jun 2026 00:00:00 CDTThe Access to Banking Services Review has issued a call for evidence.https://uk.practicallaw.thomsonreuters.com/Document/Iabd499e3618711f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ie6a3f857633011f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ie6a3f857633011f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Mon, 08 Jun 2026 00:00:00 CDTThe EBA has published a discussion paper on a simplified process for small and non-complex institutions (SNCIs) relating to the Pillar 3 Data Hub (P3DH). The P3DH reflects revised disclosure requirements under the Capital Requirements Regulation (575/2013) (CRR), as amended by the CRR III Regulation ((EU) 2024/1623).https://uk.practicallaw.thomsonreuters.com/Document/Ie6a3f857633011f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ie6a3d0c4633011f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ie6a3d0c4633011f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Mon, 08 Jun 2026 00:00:00 CDTThe FCA has published a statement on its plans for the new regulatory framework for money market funds (MMFs).https://uk.practicallaw.thomsonreuters.com/Document/Ie6a3d0c4633011f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Iabd4933f618711f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Iabd4933f618711f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Mon, 08 Jun 2026 00:00:00 CDTThe FCA has published a Memorandum of Understanding (MoU) (dated 5 June 2026) it has entered into with the Office of Financial Sanctions Implementation (OFSI).https://uk.practicallaw.thomsonreuters.com/Document/Iabd4933f618711f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ie243360a60b811f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ie243360a60b811f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Fri, 05 Jun 2026 00:00:00 CDTThe FCA has published its 52nd quarterly consultation paper (CP26/17).https://uk.practicallaw.thomsonreuters.com/Document/Ie243360a60b811f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/If54ab392601c11f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/If54ab392601c11f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 04 Jun 2026 00:00:00 CDTThe Cross Market Operational Resilience Group (CMORG) has published firm guidance for frontier AI.https://uk.practicallaw.thomsonreuters.com/Document/If54ab392601c11f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I246007695fe811f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I246007695fe811f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 04 Jun 2026 00:00:00 CDTThe European Commission has adopted a Commission Delegated Regulation on the own funds requirements for market risk under the Capital Requirements Regulation (575/2013) (CRR).https://uk.practicallaw.thomsonreuters.com/Document/I246007695fe811f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I362e92205f8711f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I362e92205f8711f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 04 Jun 2026 00:00:00 CDTThe EU Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) has published a consultation paper on draft guidelines on ongoing monitoring of business relationships under Article 26(5) of the AML Regulation ((EU) 2024/1624) (AMLR).https://uk.practicallaw.thomsonreuters.com/Document/I362e92205f8711f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I23bca5e45f4211f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I23bca5e45f4211f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 03 Jun 2026 00:00:00 CDTThe Financial Services and Markets Act 2023 (Commencement No 14) Regulations 2026 (SI 2026/587) have been published on legislation.gov.uk.https://uk.practicallaw.thomsonreuters.com/Document/I23bca5e45f4211f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I973603c55f4f11f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I973603c55f4f11f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 03 Jun 2026 00:00:00 CDTThe European Supervisory Authorities (ESAs) (that is, the EBA, EIOPA and ESMA) have published a joint report on major incidents related to information and communication technology (ICT) that occurred in 2025. The report reflects a mandate under the Regulation on digital operational resilience for the financial sector ((EU) 2022/2554) (DORA).https://uk.practicallaw.thomsonreuters.com/Document/I973603c55f4f11f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I558a69c15f3711f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I558a69c15f3711f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 03 Jun 2026 00:00:00 CDTThe House of Lords Financial Services Regulation Committee has published a report on the growth and proposed regulation of stablecoins in the UK.https://uk.practicallaw.thomsonreuters.com/Document/I558a69c15f3711f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ibefd08ee5f2411f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ibefd08ee5f2411f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 03 Jun 2026 00:00:00 CDTThe FCA has published a set of responses to questions from firms relating to obligations under the the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (SI 2017/692) (MLRs 2017) that will be applicable to firms when providing cryptoasset services under the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 (SI 2026/102) (Cryptoassets Regulations 2026).https://uk.practicallaw.thomsonreuters.com/Document/Ibefd08ee5f2411f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ic816f4ba5e9511f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ic816f4ba5e9511f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 03 Jun 2026 00:00:00 CDTCommission Delegated Regulation (EU) 2026/440 amending Delegated Regulation (EU) 2015/63 on ex ante contributions to resolution financing arrangements under the Bank Recovery and Resolution Directive (2014/59/EU) (BRRD) has been published in the Official Journal of the European Union.https://uk.practicallaw.thomsonreuters.com/Document/Ic816f4ba5e9511f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ia02102be5f1e11f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ia02102be5f1e11f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 03 Jun 2026 00:00:00 CDTESMA has published a letter sent by it to the European Commission on the prioritisation of certain ESMA deliverables in 2026.https://uk.practicallaw.thomsonreuters.com/Document/Ia02102be5f1e11f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I7e2085a05e6e11f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I7e2085a05e6e11f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 02 Jun 2026 00:00:00 CDTCommission Delegated Directive (EU) 2026/374 amending the MiFID II Delegated Directive ((EU) 2017/593) relating to the conditions for the provision of third-party execution and research services to investment firms that provide portfolio management or other investment or ancillary services, in the context of changes introduced by the Listing Act package, has been published in the Official Journal of the European Union.https://uk.practicallaw.thomsonreuters.com/Document/I7e2085a05e6e11f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Iba32caae5de511f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Iba32caae5de511f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 02 Jun 2026 00:00:00 CDTThe Basel Committee on Banking Supervision (BCBS) has published a report on the range of information and communication technology (ICT) risk management practices used by banks when addressing non-malicious ICT incidents.https://uk.practicallaw.thomsonreuters.com/Document/Iba32caae5de511f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/If3ab572e5e6711f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/If3ab572e5e6711f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 02 Jun 2026 00:00:00 CDTThe FCA has published a statement welcoming the launch of a new UK Payments Initiative (UKPI) scheme for recurring and automated open banking payments.https://uk.practicallaw.thomsonreuters.com/Document/If3ab572e5e6711f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I75f8fc7d5db911f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I75f8fc7d5db911f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Mon, 01 Jun 2026 00:00:00 CDTThe Joint Money Laundering Steering Group (JMLSG) has published, for consultation, proposed revisions to Part I of its anti-money laundering (AML) and counter-terrorist financing (CTF) guidance for the financial services sector.https://uk.practicallaw.thomsonreuters.com/Document/I75f8fc7d5db911f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ibafc10255d9f11f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ibafc10255d9f11f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Mon, 01 Jun 2026 00:00:00 CDTThe International Organization of Securities Commissions (IOSCO) has published a final report on updated recommendations for valuing collective investment schemes.https://uk.practicallaw.thomsonreuters.com/Document/Ibafc10255d9f11f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Id7080e945d8c11f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Id7080e945d8c11f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Mon, 01 Jun 2026 00:00:00 CDTThe EU Platform on Sustainable Finance has published a response to the European Commission's consultation on its revised Environmental and Climate Delegated Acts under the Taxonomy Regulation ((EU) 2020/852).https://uk.practicallaw.thomsonreuters.com/Document/Id7080e945d8c11f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/If5f3fce15d9611f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/If5f3fce15d9611f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Mon, 01 Jun 2026 00:00:00 CDTCommission Delegated Regulation (EU) 2026/392 amending the regulatory technical standards (RTS) in Delegated Regulation (EU) 2017/577 relating to the volume cap and transparency calculations has been published in the Official Journal of the European Union.https://uk.practicallaw.thomsonreuters.com/Document/If5f3fce15d9611f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I7b340c995ab311f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I7b340c995ab311f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Fri, 29 May 2026 00:00:00 CDTThe FCA has published a policy statement (PS26/8) on rules and guidance replacing the ad hoc collection of retail banking business models (referred to as R2B2) data with an annual regulatory return.https://uk.practicallaw.thomsonreuters.com/Document/I7b340c995ab311f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29