Practical, Experience-Based Insights on Financial Regulatory Developments
On 22 October 2025, the European Parliament voted against adopting a negotiating mandate on the European Commission’s Omnibus Directive – a proposal to simplify and streamline sustainability reporting and due diligence obligations under the Corporate Sustainability Reporting Directive (“CSRD”) and the Corporate Sustainability Due Diligence Directive (“CSDDD”).
The vote was narrowly…
In July 2025, the SEC settled charges against the Chief Compliance Officers (CCOs) of two investment advisers that involved backdating compliance documents and attempting to conceal these fabrications from examiners. The settlements imposed civil monetary penalties for both officers as well as a three-year bar for the more severe violation.
These actions reinforce a lesson…
With six months to go, fund managers should be ramping up their preparations for complying with the legislative changes to EU Alternative Investment Fund Managers Directive (“AIFMD”), commonly referred to as “AIFMD 2.0”, which will come into effect on 16 April 2026. The majority of the changes will apply to EU authorised alternative investment fund…
On October 13, 2025, the Foreign, Commonwealth & Development Office (“FCDO”), the Office of Financial Sanctions Implementation (“OFSI”) and His Majesty’s Treasury (“HM Treasury”) confirmed that from January 28, 2026, the UK Sanctions List (“UKSL”) will be the single official source of United Kingdom (UK) sanctions designations.
On 8 October 2025, the European Parliament’s Socialists and Democrats (S&D) group ultimately accepted the European People’s Party (EPP)’s position on the Omnibus Directive, which revises the scope of the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD).
The next step is for the…
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…
On 30 September 2025, the Luxembourg regulator, the Commission de Surveillance du Secteur Financier (the “CSSF”), published its feedback report (the “Report”) on the European Supervisory and Markets Authority’s (“ESMA”) 2023–2024 Common Supervisory Action (“CSA”) on sustainability risks and disclosures.
The Report notes generally satisfactory compliance for…
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…
The Federal Trade Commission (“FTC”) released a shutdown plan dated September 29, 2025, outlining how it will operate during this lapse in appropriations.
FTC Commissioners are presidential appointees and are excepted from furlough during the shutdown. According to the shutdown plan, furloughs will be issued on a rolling basis for the staff to properly address…
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