Practical, Experience-Based Reports and Analyses
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…
UK Employment Rights Act 2025 and FCA Non-Financial Misconduct Guidance — Key Considerations for Financial Services Employers
Financial services firms face a concentrated period of reform. The Employment Rights Act 2025[1] (the “ERA 2025”) introduces the most significant changes to UK employment law in over a decade with staggered implementation dates[2]…
On 24 June 2026, the Council of the European Union (the “Council”) agreed its negotiating position on reforms to the Sustainable Finance Disclosure Regulation (“SFDR”). The stated aims are to simplify sustainability transparency rules, reduce administrative burdens and make it easier for investors to understand and compare sustainable financial products.
This…
On June 11, 2026, the United States Supreme Court issued its decision in FS Credit Opportunities Corp. v. Saba Capital Master Fund, Ltd., holding that Section 47(b) of the Investment Company Act of 1940, as amended (the “1940 Act” or “Act”), does not provide an implied private right of action. In a 6-3 decision…
On June 10, 2026, the Commodity Futures Trading Commission (“CFTC”) issued a Notice of Proposed Rulemaking (the “Proposal”) related to event contracts traded on prediction markets, seeking public comments on proposed amendments to Rule 40.11 and the proposed addition of a new appendix. The Proposal outlines the framework through which the CFTC will review event…
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…
On June 4, 2026, the Supreme Court issued a unanimous decision in Sripetch v. SEC, holding that the U.S. Securities and Exchange Commission does not need to prove that investors suffered pecuniary loss in order to obtain disgorgement. The decision resolves a circuit split and rejects the Second Circuit’s more restrictive approach articulated in…
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…
On May 19, 2026, the Securities and Exchange Commission (SEC) proposed significant amendments to the public company reporting framework that would simplify the current filer status regime and substantially expand the availability of scaled disclosure accommodations. The current framework requires companies to annually reevaluate their filer status (large accelerated filer, accelerated filer, non-accelerated filer) and…
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