What is the FCA proposing?
The Financial Conduct Authority (“FCA”) launched its quarterly consultation paper CP26/17 on 5 June 2026 (the “Consultation”). Among other topics in this Consultation, the FCA is consulting on removing the current requirement for product-level Taskforce on Climate-related Financial Disclosures (“TCFD”) reports and replacing it with a narrower, more
Adam Frost
Adam Frost is an associate in the Corporate Department and is a member of the Private Funds Group.Adam Frost is an associate in the Corporate Department and is a member of the Private Funds Group.
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FinReg Monthly Update
Welcome to the FinReg Monthly Update, a regular bulletin highlighting the latest developments in UK, EU and international financial services regulation.
Key Developments in May 2026:
United Kingdom
General Financial Services – Cross Sector
27 May – Financial Promotions: The FCA has published a press release announcing the findings of its review of firms approving…
FinReg Monthly Update
Welcome to the FinReg Monthly Update, a regular bulletin highlighting the latest developments in UK, EU and U.S. financial services regulation.
Key Developments in April 2026:
United Kingdom
General Financial Services – Cross Sector
29 April 2026 – BoE/PRA: The Bank of England and the PRA have published finalised statements of policy outlining their approach…
SFDR 2.0: Draft Parliament position signals direction of travel – implications for private markets
On 4 May 2026, the European Parliament’s Economic and Monetary Affairs Committee (“ECON”) published its draft report (the “Draft Report”) on the European Commission’s proposed overhaul of the Sustainable Finance Disclosure Regulation (SFDR 2.0). The Draft Report includes a draft European Parliament legislative resolution setting out proposed amendments to the European…
And… Score! Asset Managers’ Proprietary ESG Scoring Under Pressure from the EU ESG Ratings Regulation
The European Union’s ESG Ratings Regulation (the “Regulation”) will apply from 2 July 2026 and establishes a regulatory framework governing the provision of ESG ratings within the European Union. It introduces requirements relating to authorisation, governance, conflicts of interest and transparency, including public disclosures on rating methodologies (for example, via website disclosures).
Although primarily directed…
HM Treasury Consults on the Appointed Representatives Regime
On 12 February 2026, HM Treasury published a Consultation Paper on reforming the Appointed Representatives regime (“ARs” and the “AR Regime”). The Consultation Paper builds on the Policy Statement published by HM Treasury on 11 August 2025, which contained the Government’s initial proposals for legislative changes designed to ensure continued confidence…