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 November 2025:
17 November – Liquidity Management RTS: The European Commission has adopted Delegated Regulations containing regulatory technical standards (RTS) on liquidity management tools under the Alternative
Welcome to the FinReg Monthly Update, a regular bulletin highlighting the latest developments in UK and EU financial services regulation.
Key developments in October 2025:
31 October – FCA Consolidation Review: The UK Financial Conduct Authority (“FCA”) published its findings following a multi-firm review of consolidation in the
The UKs Financial Conduct Authority (“FCA”) today published its multi-firm review of consolidation across the UK financial advice and wealth management sector.
For private equity sponsors, this is the clearest statement yet of how the regulator intends to supervise buy-and-build models. The FCA has not introduced new rules, but it has drawn a line
On 7 October 2025, the FCA published a consultation paper (the “Consultation”) on an industry-wide scheme to compensate motor finance customers who were treated unfairly between 2007 and 2024 (the “Motor Finance Consumer Redress Scheme”). The FCA has also set out steps and its expectations before finalisation of the Motor Finance
Welcome to the FinReg Monthly Update, a regular bulletin highlighting the latest developments in UK and EU financial services regulation.
Key developments in September 2025:
FCA Priorities: The United Kingdom Financial Authority (“FCA”) published a speech given by Lucy Castledine, FCA Director of Consumer Investments, providing an update on the FCA’s
In recent years, implementation of the FCA Consumer Duty regime has been a significant challenge for most financial services firms. The cross-cutting rules, by their nature, are difficult to interpret and apply especially in a wholesale context, such as in the case of alternative asset managers that use private wealth distribution channels. The FCA has
On 17 September 2025, the Financial Conduct Authority published CP25/25, proposing how various cross-cutting sections of the FCA Handbook will apply to firms engaging in cryptoasset activities that will become regulated under HM Treasury’s draft Regulatory Activities Order (RAO SI, 29 April 2025).
At present, the FCA’s oversight of crypto
The private wealth management sector is uniquely susceptible to financial crime risks, such as fraud, money laundering and sanctions breaches, as highlighted in the FCA’s Dear CEO letter.
Fraud volumes remain at record highs. Private wealth customers have lost significant sums to scams and fraud, and the regulators continue to focus their enforcement
The FCA has completed a major review of safeguarding for payment and e-money institutions. Its new rules are designed to reduce the risks seen in recent failures – where customers faced long delays and, on average, recovered only 35 per cent of the funds they were owed.
At the same time, the