https://s1-uk.practicallaw.thomsonreuters.com/WLN-PLCUK-SC_2603.1.2004/productViews/plcuk/Legal updateshttps://uk.practicallaw.thomsonreuters.comFinancial Serviceshttps://uk.practicallaw.thomsonreuters.com/Document/I5f9225b02e6a11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I5f9225b02e6a11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 02 Apr 2026 00:00:00 CDTThe Financial Ombudsman Service (FOS) has published its response to the FCA's review into the implications of advanced AI on retail financial services (the Mills review).https://uk.practicallaw.thomsonreuters.com/Document/I5f9225b02e6a11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I5585c23c2e8d11f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I5585c23c2e8d11f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 02 Apr 2026 00:00:00 CDTThe FCA and the Bank of England (BoE) have published the terms of reference for transaction and post-trade reporting taskforce.https://uk.practicallaw.thomsonreuters.com/Document/I5585c23c2e8d11f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ia55bdcc32e4411f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ia55bdcc32e4411f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 02 Apr 2026 00:00:00 CDTThe FCA has published directions and a form relating to the temporary permissions regime (TPR) for deferred payment credit (DPC) lenders.https://uk.practicallaw.thomsonreuters.com/Document/Ia55bdcc32e4411f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I102af6462dac11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I102af6462dac11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 01 Apr 2026 00:00:00 CDTThe Bank of England (BoE) and the PRA (regulators) have published a letter on AI in financial services, which responds to a letter (dated 28 January 2026) from the Department for Science, Innovation and Technology (DSIT) and the Department for Business and Trade (DBT).https://uk.practicallaw.thomsonreuters.com/Document/I102af6462dac11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Iabbc280b2dae11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Iabbc280b2dae11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 01 Apr 2026 00:00:00 CDTThe Financial Ombudsman Service (FOS) has announced the latest increase to its award limits.https://uk.practicallaw.thomsonreuters.com/Document/Iabbc280b2dae11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I89f0656e2db111f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I89f0656e2db111f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 01 Apr 2026 00:00:00 CDTThe Bank of England (BoE) has published a feedback statement providing a summary of responses to its September 2025 discussion paper on enhancing the resilience of the gilt repo market.https://uk.practicallaw.thomsonreuters.com/Document/I89f0656e2db111f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I3ec81b882d6a11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I3ec81b882d6a11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 01 Apr 2026 00:00:00 CDTThe Digital Regulation Co-operation Forum has published a foresight paper on the future of agentic AI.https://uk.practicallaw.thomsonreuters.com/Document/I3ec81b882d6a11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I1b353db22d4211f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I1b353db22d4211f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 01 Apr 2026 00:00:00 CDTThe PRA and the FCA have published a joint consultation paper on high loan-to-income (LTI) lending (PRA CP6/26 / FCA CP26/12).https://uk.practicallaw.thomsonreuters.com/Document/I1b353db22d4211f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I7d5d21fa2db911f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I7d5d21fa2db911f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 01 Apr 2026 00:00:00 CDTThe Bank of England (BoE) published the record of the meeting of its Financial Policy Committee (FPC) on 1 April 2026.https://uk.practicallaw.thomsonreuters.com/Document/I7d5d21fa2db911f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Iec8caa8e2cfb11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Iec8caa8e2cfb11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 31 Mar 2026 00:00:00 CDTWe have published Practice note, Hot topics: FCA work on regulating and supporting fund tokenisation.https://uk.practicallaw.thomsonreuters.com/Document/Iec8caa8e2cfb11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I8110d0222d0311f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I8110d0222d0311f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 31 Mar 2026 00:00:00 CDTThe Financial Ombudsman Service (FOS) has published its final plans and budget for 2026/27.https://uk.practicallaw.thomsonreuters.com/Document/I8110d0222d0311f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ida96b7b32c7211f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ida96b7b32c7211f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 31 Mar 2026 00:00:00 CDTThe PRA has published a policy statement (PS8/26) on the 2026/27 management expenses levy limit for the Financial Services Compensation Scheme (FSCS).https://uk.practicallaw.thomsonreuters.com/Document/Ida96b7b32c7211f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I8d102d062c9911f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I8d102d062c9911f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 31 Mar 2026 00:00:00 CDTThe International Association of Insurance Supervisors (IAIS) has published a report on its second targeted jurisdictional assessment of the implementation of the holistic framework supervisory material.https://uk.practicallaw.thomsonreuters.com/Document/I8d102d062c9911f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I62c3ab8d2ce111f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I62c3ab8d2ce111f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 31 Mar 2026 00:00:00 CDTThe European Central Bank (ECB) has published the Eurosystem payments strategy.https://uk.practicallaw.thomsonreuters.com/Document/I62c3ab8d2ce111f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I8d1002372c9911f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I8d1002372c9911f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 31 Mar 2026 00:00:00 CDTEIOPA has published its third report on the application of the Insurance Distribution Directive ((EU) 2016/97) (IDD).https://uk.practicallaw.thomsonreuters.com/Document/I8d1002372c9911f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Iec8c7f372cfb11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Iec8c7f372cfb11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 31 Mar 2026 00:00:00 CDTPractical Law provides free training on how to use Practical Law more effectively. This is available in a variety of formats, including live webinars and training videos.https://uk.practicallaw.thomsonreuters.com/Document/Iec8c7f372cfb11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I1f9d2cd02bf911f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I1f9d2cd02bf911f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 31 Mar 2026 00:00:00 CDTThe Department for Business and Trade has published the UK's smart data strategy until 2035.https://uk.practicallaw.thomsonreuters.com/Document/I1f9d2cd02bf911f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ida9696272c7211f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ida9696272c7211f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 31 Mar 2026 00:00:00 CDTThe FCA has published a policy statement (PS26/3) on its compensation scheme for motor finance complaints.https://uk.practicallaw.thomsonreuters.com/Document/Ida9696272c7211f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I16ed63412ad911f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I16ed63412ad911f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Mon, 30 Mar 2026 00:00:00 CDTThe FCA, the Solicitors Regulation Authority (SRA), the Information Commissioner's Office (ICO) and the Advertising Standards Authority (ASA) have launched a taskforce intended to tackle poor handling of motor finance claims by claims management companies (CMCs) and law firms.https://uk.practicallaw.thomsonreuters.com/Document/I16ed63412ad911f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I2a4adcfb2c4911f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I2a4adcfb2c4911f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Mon, 30 Mar 2026 00:00:00 CDTThe Office of the Financial Regulators Complaints Commissioner (FRCC) has published FAQs on the final report on the FCA's oversight of the British Steel Pension Scheme (BSPS), together with a summary of the report. Both documents set out the FRCC's comments on the FCA's response to the report.https://uk.practicallaw.thomsonreuters.com/Document/I2a4adcfb2c4911f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I56b332a52b8a11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I56b332a52b8a11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Mon, 30 Mar 2026 00:00:00 CDTThe EBA has published a final report (EBA/RTS/2026/05) on draft regulatory technical standards (RTS) amending Delegated Regulation (EU) 529/2014, which supplements the Capital Requirements Regulation (575/2013) (CRR) with regard to RTS for assessing the materiality of extensions and changes of the internal ratings based (IRB) approach.https://uk.practicallaw.thomsonreuters.com/Document/I56b332a52b8a11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Id276145129ce11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Id276145129ce11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Mon, 30 Mar 2026 00:00:00 CDTWe have published the latest edition of the cryptoasset opinion column, written by Charlie Kerrigan, a partner in the Corporate Finance and Emerging Technologies teams, CMS London.https://uk.practicallaw.thomsonreuters.com/Document/Id276145129ce11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ibf77475b2c3511f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ibf77475b2c3511f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Mon, 30 Mar 2026 00:00:00 CDTWe have published an article highlighting what's on the agenda for in-house lawyers in April 2026.https://uk.practicallaw.thomsonreuters.com/Document/Ibf77475b2c3511f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I56b3355f2b8a11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I56b3355f2b8a11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Mon, 30 Mar 2026 00:00:00 CDTEIOPA has published a final report on revisions to implementing technical standards (ITS) on supervisory reporting and public disclosure and for amendments to its guidelines on reporting for financial stability purposes on the supervision of branches of third-country insurance undertakings under the Solvency II Directive (2009/138/EC).https://uk.practicallaw.thomsonreuters.com/Document/I56b3355f2b8a11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I100fcb2c294411f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I100fcb2c294411f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Fri, 27 Mar 2026 00:00:00 CDTThe FCA and the Information Commissioner's Office (ICO) have issued a joint statement on regulatory expectations regarding firms' approaches to vulnerability related data.https://uk.practicallaw.thomsonreuters.com/Document/I100fcb2c294411f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I82cf112d29e611f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I82cf112d29e611f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Fri, 27 Mar 2026 00:00:00 CDTThe European Commission has published a press release announcing it is taking action against several member states for failure to transpose the CRD VI Directive ((EU) 2024/1619) into their national laws.https://uk.practicallaw.thomsonreuters.com/Document/I82cf112d29e611f1839deddf1c806e4b/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I0b091e7429d311f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I0b091e7429d311f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Fri, 27 Mar 2026 00:00:00 CDTThe FCA has published a new webpage providing examples of good practice and potential areas for improvement in firms' compliance with its rules on operational resilience.https://uk.practicallaw.thomsonreuters.com/Document/I0b091e7429d311f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ic24c5f5229d211f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ic24c5f5229d211f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Fri, 27 Mar 2026 00:00:00 CDTCommission Implementing Regulation (EU) 2026/722 amending the implementing technical standards (ITS) laid down in Implementing Regulation (EU) 2024/3172 as regards the implementation and use by institutions, other than small and non-complex institutions, of the EBA single access point for their disclosures, has been published in the Official Journal of the European Union.https://uk.practicallaw.thomsonreuters.com/Document/Ic24c5f5229d211f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I6fcdc6f9296f11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I6fcdc6f9296f11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Fri, 27 Mar 2026 00:00:00 CDTThe FCA has published Handbook Notice 139, which sets out changes to the FCA Handbook made by the FCA board on 26 February, 23 March and 26 March 2026.https://uk.practicallaw.thomsonreuters.com/Document/I6fcdc6f9296f11f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ic24c7eef29d211f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ic24c7eef29d211f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Fri, 27 Mar 2026 00:00:00 CDTThe FCA has published the final notice it has issued to Dinosaur Merchant Bank Ltd (DMBL), fining it £338,000 for market abuse surveillance failures.https://uk.practicallaw.thomsonreuters.com/Document/Ic24c7eef29d211f1a34ac71bb9879c27/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29