Financial Regulation

On 15 December 2025, HM Treasury took a significant step towards establishing a UK regulatory regime for cryptoassets by laying the draft ‘Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2005’ (the “Draft Order”) before Parliament.

The Draft Order aims to set the statutory foundation for a new UK cryptoasset regulatory regime

On 9 December 2025, negotiators from the European Parliament (EP), the Council of the European Union (the Council) and the European Commission reached a provisional political agreement on the final text of their “Omnibus” package amending the Corporate Sustainability Reporting Directive (CSRD).

Though the final text is not yet published, the publicly-available press-releases confirm a

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:

Asset Management / Wealth Management

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:

Financial Advice / Wealth Management

31 October – FCA Consolidation Review: The UK Financial Conduct Authority (“FCA”) published its findings following a multi-firm review of consolidation in the

Overview

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

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.