https://s1-uk.practicallaw.thomsonreuters.com/WLN-PLCUK-SC_2605.1.2002/productViews/plcuk/Legal updateshttps://uk.practicallaw.thomsonreuters.comInsurers & Reinsurershttps://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/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/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/Id007ac1e5fe111f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Id007ac1e5fe111f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Fri, 05 Jun 2026 00:00:00 CDTA round-up of the week's Brexit-related developments for the Practical Law Brexit current awareness alert to 5 June 2026.https://uk.practicallaw.thomsonreuters.com/Document/Id007ac1e5fe111f1a83fe84dcd0bf6af/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/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/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/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/Iac9061d0591311f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Iac9061d0591311f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Fri, 29 May 2026 00:00:00 CDTWe have published Standard document, Cloud service level agreement.https://uk.practicallaw.thomsonreuters.com/Document/Iac9061d0591311f1a83fe84dcd0bf6af/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%29https://uk.practicallaw.thomsonreuters.com/Document/I1f6fd81e559f11f18619811f89168d29/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I1f6fd81e559f11f18619811f89168d29/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Fri, 29 May 2026 00:00:00 CDTIn Re Zurich Insurance Co Ltd and another [2026] EWHC 1165 (Ch), the High Court sanctioned an insurance business transfer scheme under Part 7 of the Financial Services and Markets Act 2000 (FSMA) relating to the transfer of a portfolio of employers' liability insurance from Zurich Insurance Co Ltd, a Swiss insurer operating through its UK branch, to Catalina Worthing Insurance Ltd, a UK insurer specialising in legacy business. Among other things, the court considered the significant size disparity between the transferor and the transferee, and the potential impact of hostilities in the Gulf.https://uk.practicallaw.thomsonreuters.com/Document/I1f6fd81e559f11f18619811f89168d29/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I8a868ab959d311f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I8a868ab959d311f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Fri, 29 May 2026 00:00:00 CDTA round-up of the week's Brexit-related developments for the Practical Law Brexit current awareness alert to 29 May 2026.https://uk.practicallaw.thomsonreuters.com/Document/I8a868ab959d311f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I9638550a5a8c11f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I9638550a5a8c11f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Fri, 29 May 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/I9638550a5a8c11f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Iab4d004b59bc11f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Iab4d004b59bc11f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 28 May 2026 00:00:00 CDTIn Financial Conduct Authority v Argento Wealth Ltd and another [2026] EWHC 1093 (Ch), the High Court made directions regarding the distribution of amounts recovered through FCA enforcement action against Argento Wealth Ltd (AWL) and one of its directors. The court considered whether the loan agreements under which monies were paid to AWL gave rise to a Quistclose trust.https://uk.practicallaw.thomsonreuters.com/Document/Iab4d004b59bc11f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I53a7ab735a7b11f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I53a7ab735a7b11f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 28 May 2026 00:00:00 CDTThe FCA has published a report setting out the findings from a review of firms' financial and trade sanctions systems and controls.https://uk.practicallaw.thomsonreuters.com/Document/I53a7ab735a7b11f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I7b43342d590311f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I7b43342d590311f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 27 May 2026 00:00:00 CDTThe FCA has published a press release announcing the findings of its review of firms approving unauthorised firms' financial promotions.https://uk.practicallaw.thomsonreuters.com/Document/I7b43342d590311f1a83fe84dcd0bf6af/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I60e25008594a11f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I60e25008594a11f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 27 May 2026 00:00:00 CDTThe European Commission has adopted a Delegated Regulation supplementing the ESG Ratings Regulation ((EU) 2024/3005) relating to regulatory technical standards (RTS) specifying information to include in applications for authorisation or recognition as an ESG rating provider.https://uk.practicallaw.thomsonreuters.com/Document/I60e25008594a11f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I0bdb2897575a11f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I0bdb2897575a11f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Tue, 26 May 2026 00:00:00 CDTWe have published Grant Murtagh's insurance column for May 2026.https://uk.practicallaw.thomsonreuters.com/Document/I0bdb2897575a11f18ebba5f5b5f97226/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I076bb1d9554011f18619811f89168d29/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I076bb1d9554011f18619811f89168d29/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Fri, 22 May 2026 00:00:00 CDTThe FCA has published a report containing the findings from its transition finance pilot.https://uk.practicallaw.thomsonreuters.com/Document/I076bb1d9554011f18619811f89168d29/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I0809462e540111f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I0809462e540111f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Fri, 22 May 2026 00:00:00 CDTA round-up of the week's Brexit-related developments for the Practical Law Brexit current awareness alert to 22 May 2026.https://uk.practicallaw.thomsonreuters.com/Document/I0809462e540111f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ie4f1be8755c211f18619811f89168d29/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ie4f1be8755c211f18619811f89168d29/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Fri, 22 May 2026 00:00:00 CDTCommission Implementing Regulation (EU) 2026/1094, which lays down technical information for calculating technical provisions and basic own funds for reporting with reference dates from 31 March 2026 until 29 June 2026 under the Solvency II Directive (2009/138/EC), has been published in the Official Journal of the European Union.https://uk.practicallaw.thomsonreuters.com/Document/Ie4f1be8755c211f18619811f89168d29/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I982f246254ee11f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I982f246254ee11f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 21 May 2026 00:00:00 CDTThe Financial Services Skills Commission (FSSC) has published a report on technology, skills and the future of work in financial services. This forms the first phase of a project considering the impact of AI and other disruptive technologies on the sector's workforce, which HM Treasury announced in July 2025.https://uk.practicallaw.thomsonreuters.com/Document/I982f246254ee11f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I899d5dad54c011f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I899d5dad54c011f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 21 May 2026 00:00:00 CDTThe European Commission has adopted a Delegated Regulation supplementing the MiFID II Directive (2014/65/EU) with regulatory technical standards (RTS) on the establishment of an EU code of conduct for issuer-sponsored research.https://uk.practicallaw.thomsonreuters.com/Document/I899d5dad54c011f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I982ef68d54ee11f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I982ef68d54ee11f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 21 May 2026 00:00:00 CDTWe have published a new ESG Outlook Spring-Summer 2026 practitioner insights article.https://uk.practicallaw.thomsonreuters.com/Document/I982ef68d54ee11f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I899d34aa54c011f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I899d34aa54c011f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 21 May 2026 00:00:00 CDTThe PRA has published a policy statement on updating its regime for third-country insurance branches (PS13/26).https://uk.practicallaw.thomsonreuters.com/Document/I899d34aa54c011f1bf8d82e776af4c9e/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ica7c56e254fd11f18619811f89168d29/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/Ica7c56e254fd11f18619811f89168d29/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Thu, 21 May 2026 00:00:00 CDTThe House of Lords Financial Services Regulation Committee has published a press release announcing it has launched a new inquiry into regulation of the consumer home and travel insurance markets.https://uk.practicallaw.thomsonreuters.com/Document/Ica7c56e254fd11f18619811f89168d29/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I63114c1b541c11f18619811f89168d29/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29https://uk.practicallaw.thomsonreuters.com/Document/I63114c1b541c11f18619811f89168d29/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29Wed, 20 May 2026 00:00:00 CDTThe FCA has announced that applications for solo-regulated firms to join the Scale-up Unit are open from 20 May 2026 to 22 June 2026.https://uk.practicallaw.thomsonreuters.com/Document/I63114c1b541c11f18619811f89168d29/View/FullText.html?transitionType=Default&contextData=%28sc.Default%29