Welcome to the FinReg Monthly Update, a regular bulletin highlighting the latest developments in UK, EU and international financial services regulation.
Key Developments in June 2026:
General Financial Services – Cross Sector
29 June – Consumer Duty: The FCA has published a consultation paper (CP26/23) on changes to the scope and proportionality of the
On 29 June 2026, the Financial Conduct Authority (FCA) published Consultation Paper CP26/22, Simplifying the insurance rules — A package of proposals on the scope of our rules, disclosure and advice. This is the second phase of the FCA’s insurance simplification programme, following Policy Statement PS25/21 in December 2025 and earlier exploratory
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
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:
29 April 2026 – BoE/PRA: The Bank of England and the PRA have published finalised statements of policy outlining their approach
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
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
Introduction
On 25 March 2026, the UK Financial Conduct Authority (FCA) published Consultation Paper 26/10 ‘Simplifying the Pensions & Investment Advice Rules’.
As the name suggests, the Consultation Paper seeks stakeholder feedback on a proposed consolidation and simplification of the current rules on pensions and investment advice, which are found in
Introduction
Lloyd’s of London adds a certain mystique to the UK insurance market. Tracing its history to a 17th century coffee house, Lloyd’s has since developed into the world’s most prominent insurance marketplace and a monolith in the sector.
Transcending its maritime roots, Lloyd’s participants underwrite a vast range of insurance lines, and the
With one month to go, fund managers should be ramping up their preparations for complying with the legislative changes to European Union (“EU”) Alternative Investment Fund Managers Directive (“AIFMD”), commonly referred to as “AIFMD 2.0”, which will come into effect in EU member countries on 16 April 2026.
The majority of the changes will apply
Introduction
On 3 February 2026, the European Insurance and Occupational Pensions Authority (EIOPA) published its Consultation Paper on a Supervisory Statement on the Authorisation and Ongoing Supervision of (Re‑)Insurance Undertakings Related to Private Equity (Consultation Paper). The Consultation Paper addresses supervisory expectations for private equity (PE) ownership both ahead of