FCA: Update on reforms to the UK Money Market Fund Regulation
FCA reports that it is planning to introduce, through a new rule, a requirement that all MMFs hold sufficient liquidity for adequate resilience. It intends to retain in rules the current minimum weekly liquid assets as set out in UK MMFR. FCA intends to set out in guidance its strong supervisory expectation that stable NAV MMFs will need to hold 40% WLA and variable NAV MMFs will need to hold 20% weekly liquid assets in order to meet the new resilience requirement.
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Last updated · 08 Jun 2026
Regulatory News - Financial Services & Regulation
See all Regulatory News - Financial Services & RegulationThe Over the Counter Derivatives (Intragroup Transactions) Regulations 2026/1117
The SI reforms the UK framework for intragroup over-the-counter derivative transactions under UK EMIR and replaces the UK’s Temporary Intragroup Exemption Regime with a permanent framework by facilitating permanent exemptions from the clearing obligation and margin requirements for intragroup transactions between UK counterparties and overseas group entities. It also streamlines the process for firms to obtain and use these exemptions and includes a transitional provision to ensure that firms currently benefitting from exemptions granted under the exception regime can continue to benefit from them when it expires.
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The Building Societies Act 1986 (Assimilation to Company Law and Changes to Funding Limit) Order 2026/1115
The SI makes provisions in relation to the wholesale funding limit for building societies in section 7 of the Building Society Act and amends the Act 1986 in order to assimilate provisions for building societies on the use of common seals and the execution of documents to equivalent provisions in the Companies Act 2006.
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The Overseas Prudential Requirements Regime (Credit Institutions and Investment Firms) Regulations 2026/1116
The SI restates in legislation the equivalence provisions that are currently set out in the UK CRR and which need to be maintained in legislation in line with the Government’s approach to overseas recognition regimes.
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IAIS: Speech by Gerry Cross: International insurance regulation in a fast-changing world
Text of Gerry Cross’s speech of 22 October 2026 follows in which he discusses aspects of international insurance regulation and considers major changes facing the insurance sector, including structural shifts in the life insurance sector; AI, and protection gaps.
FCA: Handbook Notice 145
FCA has published details of Instruments passed at its September and October 2026 Board meetings. These are: UK Listing Rules (Sustainability Reporting Standards Disclosure) Instrument 2026/56, UK CRR References (Amendment) Instrument 2026.67 and Fund Reporting for Asset Management Entities Instrument 2026/68.
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