Regulatory News
IAIS: Application papers on recovery and resolution
Further to its November 2025 consultation, IAIS has published two revised papers on recovery planning and resolution powers.
BoE: Speech by Ruth Smith: Testing times require time for testing
In this speech of 13 July 2026, Ruth Smith discusses BoE’s resolvability assessments of banks and building societies.
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DWP/FCA: CP26/25: The Value for Money Framework consultation
Further to CP26/1, this consultation contains updated proposals following feedback from stakeholders. Responses are required by 1 September 2026. Alongside the consultation, FCA has published the results of a survey in which the regulator sought asset allocation data from a number of regulated firms.
The Central Counterparties (Equivalence) Regulations 2026/779
This Regulation is an equivalence determination with regard to the regulatory framework in relation to authorisation and supervision of CCPs in Australia, Hong Kong, India, Japan, South Africa, UAE and USA. (Date in force: 3 August 2026)
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HMT: Wholesale Digital Markets Champion – first report
This report sets out a delivery roadmap for tokenisation, including nine Taskforce Action Groups, priority policy areas and the case for UK leadership in wholesale digital markets.
FCA: HMT remit letter
FCA has now published its response to HMT’s s1JA FSMA recommendations.
FCA: Consumer Duty products and services outcome
FCA has published the findings of its review of 38 firms' approaches to the products and services outcome under the consumer duty. The report sets out examples of good practice and areas for improvement across product and service design, monitoring and distribution.
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HMT: Designation of CTPs
HMT has published a press release announcing the designation of four major global cloud services and technology providers as critical third parties from 13 July 2026 to help strengthen the resilience of the UK financial system.
FCA: DTO obligation under UK MiFIR
FCA has published an explanatory statement under Article 28a(9) UK MiFIR relating to the FCA Direction on the Derivatives Trading Obligation (DTO). The Direction remains in effect until 31 December 2026.
EIOPA: IRRD framework
EIOPA has published consultation papers relating to the implementation of the Insurance Recovery and Resolution Directive. Responses are required by 20 October 2026. Member states are expected to apply measures implementing the IRRD from 30 January 2027.
For more information
- https://www.eiopa.europa.eu/document/download/ccb5c06c-26c1-4b11-9222-70222daa598d_en?filename=EIOPA-BoS-26-268%20-%20Consultation%20paper%20on%20draft%20RTS%20on%20valuation%201%20and%202%20-%20IRRD.pdf
- https://www.eiopa.europa.eu/document/download/83907b69-d87a-4873-89f5-13b493d5f4b0_en?filename=EIOPA-BoS-26-267%20-%20Consultation%20Paper%20on%20draft%20RTS%20on%20valuation%203%20-%20IRRD.pdf
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