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
Welcome to Proskauer’s FinReg Monthly Update, a regular bulletin highlighting the latest developments in UK and EU financial services regulation.
Key developments in August 2025:
FCA Communications: The UK Financial Conduct Authority (“FCA”) published an update on its approach to simplifying supervisory communications, aiming to make its engagement with firms clearer
A Commission Transparency Reckoning for Financial Services
On 1 August 2025, the Supreme Court handed down its long-awaited judgment in Johnson v FirstRand Bank Ltd, Wrench v FirstRand Bank Ltd and Hopcraft & Anor v Close Brothers Ltd – reported together as [2025] UKSC 33.
The Court dismissed fiduciary duty and bribery claims but upheld
Welcome to Proskauer’s FinReg Monthly Update, a regular bulletin highlighting the latest developments in UK and EU financial services regulation.
Key developments in July 2025 and 1 August 2025:
Motor Finance Commissions: The UK Supreme Court handed down its judgement in Hopcraft and another v Close Brothers Limited and two other cases, all
In a landmark decision in Johnson v FirstRand ([2025] UKSC 33), part of the broader Hopcraft appeals, the UK Supreme Court has ruled that car dealers who arrange finance do not owe fiduciary duties to their customers. This judgment significantly reshapes the legal landscape for motor finance claims and has immediate implications for both litigation
Welcome to the Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation.
Key developments in June 2025:
30 June
Investment Advice: The Financial Conduct Authority (“FCA”) published a consultation paper (CP25/17) on proposals for a new form of support for consumers’ pensions and retail investments
Welcome to the Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation.
Key developments in May 2025:
30 May
Trade Settlement: The Financial Conduct Authority (“FCA”) published a press release on the faster settlement of trades in funds.
29 May
FCA Regulation Round‑up: The FCA
Welcome to the UK Regulation Round Up, a regular bulletin highlighting the latest developments in UK and EU financial services regulation.
Key Developments in April 2025:
29 April
ESG: The FCA updated its webpage on its consultation paper on extending the sustainability disclosure requirements (“SDR”) and investment labelling regime to portfolio managers (CP24/8).
Key developments in March 2025:
31 March
Securitisation: The Joint Committee of the European Supervisory Authorities (“ESAs”) published a report on the implementation and functioning of the Securitisation Regulation (2017/2402)
27 March
FCA
Key developments in February 2025:
FCA Handbook Changes: The Financial Conduct Authority (“FCA”) published Handbook Notice 127, which sets out changes to the FCA Handbook made by the FCA board on