Latest Regulatory Updates

AI Summary

The European Commission published market data indicating that more than €1.2 trillion has been invested in sustainable activities in the EU since 2021, including over €320 billion in EU Taxonomy-aligned activities in 2025. The update also reports increased use of the European Green Bond Standard since it started to apply in December 2024. No new regulatory obligation, reporting template or filing deadline is introduced by the publication.

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The ECB interview is not a binding rulemaking instrument and does not create a new effective date. It provides supervisory intelligence on ECB Banking Supervision priorities: simplification without deregulation, proportionality for smaller and less complex banks, AI-related cyber risk action plans expected by end-October, and closer scrutiny of banks’ links to non-bank finance and private credit.

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The ECB announced that significant institutions may use either IAS 1 or IFRS 18-aligned regulatory reporting templates for profit and loss during the transition from January 2027 until amended EBA ITS incorporating IFRS 18 are expected to apply from the September 2027 reference period.

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ESMA’s 15 October 2026 report provides consolidated EEA enforcement statistics for 2025 across AIFMD, BMR, CSDR, ECSPR, EMIR, MAR, MiCA, MiFID II/MiFIR, the Prospectus Regulation, SFTR, UCITS and EuGBR. It does not create new rules or filing obligations, but it is relevant for compliance risk assessment, supervisory benchmarking and enforcement horizon scanning.

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The FCA has announced proposals under CP26/35 to make redemption terms clearer for authorised fund managers of non-UCITS retail schemes investing in inherently illiquid assets, including a minimum 90-day redemption notice period and transition arrangements for existing funds.

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A non-binding BIS publication of an ECB Banking Supervision keynote speech signals heightened supervisory attention to banks’ digital strategies, AI governance, cyber resilience, outsourcing dependencies, tokenisation and risk data capabilities. No new effective date or formal reporting obligation is introduced.

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The European Parliament Legislative Observatory page supplied for COM(2026)0508 currently states that the procedure is not found or may still be in the process of being initiated. No legislative proposal text, procedure file, deadlines, effective date, obligations, reporting templates, or implementation requirements are available from the supplied official source.

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The SEC published NSCC’s immediately effective rule filing to clarify and update the DTCC Clearing Agencies’ Risk Management Framework, including governance structure, Rule 17ad-25(j) and Rule 17ad-26 references, and administrative changes that NSCC says do not alter Rule 17ad-22(e) compliance.

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The ECB’s 17 April 2023 assessment of the SREP is not a new binding rule, but it signals supervisory process changes toward more risk-based, focused and efficient engagement with significant institutions.

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The SEC issued Release No. 34-106513 determining whistleblower award claims in File No. 2026-46. The order adopts Claims Review Staff preliminary determinations that another agency’s enforcement action qualifies as a related action and grants awards to two claimants based on monetary sanctions collected in that related action. No new rule, reporting template, filing requirement, or compliance deadline is created.

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The SEC published IEX’s immediately effective proposed rule change adopting IEX Options Rule 20.140A, which codifies select Options Listing Procedures Plan provisions on options series selection and strike-price range standards. The rule became effective and operative upon filing on September 23, 2026.

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The SEC approved CME Securities Clearing Inc. rule change SR-CMESC-2026-006, amending CMESC’s Stress Testing & Guaranty Fund Sizing Policy and Rule 402(b) to clarify stress scenario construction, guaranty fund sizing rationale, and member-level contribution allocation.

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The BIS has published a non-binding research paper assessing how trusted execution environments could support central bank data collaboration, supervisory analytics, compliance, digital asset wallet security and cyber resilience. It creates no new regulatory obligations, reporting templates or implementation deadlines.

AI Summary

The FCA has finalised rules for UK authorised issuers of non-systemic UK-issued qualifying stablecoins, covering backing assets, statutory trust safeguarding, custody, reconciliations, redemption and disclosures. No explicit effective date is stated in the supplied text.

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The ECB’s annex summarises anonymised, self-reported information from 13 supervised banks on AI use in credit scoring and fraud detection. It is explicitly informational and not a supervisory assessment, but it provides a practical benchmark for AI governance, explainability, human oversight, third-party dependency, data governance and EU AI Act readiness.

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The BIS page describes how it publishes selected speeches by senior management and clarifies that these speeches are not necessarily the views of the BIS or member central banks. No rule, filing requirement, deadline, or effective date is stated.

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The European Parliament Legislative Observatory page for COM(2026)0495 currently states that the procedure either does not exist or is still being initiated. No legislative text, procedure number, committee assignment, deadlines, obligations, implementation dates or effective date are available from the supplied official source.

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The FCA has announced cross-sector initiatives to increase consideration and take-up of protection insurance, alongside findings from its Pure Protection Market Study. No new market-wide rules or effective date were announced, but firms are expected to review the FCA’s findings against Consumer Duty and product governance requirements.

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The FCA’s consumer finance Regulatory Priorities report sets annual supervisory and policy priorities for UK consumer finance firms, replacing portfolio-letter style communications. It focuses on responsible access to credit, support for borrowers in difficulty, complaints and redress readiness, data-led supervision, deferred payment credit implementation, Consumer Duty embedding and related policy work.

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The FCA has issued a First Supervisory Notice imposing immediate own-initiative requirements on Curtis Faraday Limited, restricting new debt advice, IVA-related, insolvency-related and Article 72H RAO-related customer activity, requiring UK-based record preservation, website disclosure and customer notifications. The action is based on FCA concerns about customer coaching, unreliable records, governance and controls, conflicts in referral and debt-solution revenue models, and possible failures to meet Threshold Conditions.