FCA: Final Notice: Mako Financial Markets Partnership LLP
FCA has fined the firm £1,662,700 for failing to ensure it had effective systems and controls to guard against financial crime. The firm executed purported OTC equity trades on behalf of clients of the Solo Group, worth approximately £68.6bn in Danish equities and £23.6bn in Belgian equities, receiving commission of approximately £1.45m. The firm also failed to identify red flags in other instances related to the Solo Group business. FCA notes that this eighth enforcement case concludes its investigations into cum-ex trading.
Last updated · 13 Mar 2026
Regulatory News - Financial Services & Regulation
See all Regulatory News - Financial Services & RegulationHMT: India-UK Financial Markets Dialogue – joint statement
HMT has published a note of the UK-India Financial Markets Dialogue which took place on 29 September 2026. Topics include: capital markets; insurance and pensions; regulatory cooperation with regard to asset management and sustainable finance; fintech/innovation.
PRA: CP13/26: Updating regulatory thresholds – an autopilot approach
PRA’s CP proposes a transparent, rules-based framework that would automatically update in-scope regulatory thresholds every five years, with the first automatic update for thresholds under this new framework to take place on 1 July 2031. PRA is also seeking feedback on proposals for a further set of thresholds through a discussion paper section of the CP with regard to certain thresholds that operate across or interact with the PRA/FCA framework relating to remuneration, whistleblowing, and SM&CR. Responses are required by 7 February 2027.
FCA: PRISM Taskforce outcomes report
This report sets out the conditions that participants identified as necessary for open finance use cases to develop and scale in practice.
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BIS: Basel III adoption progress summary
BIS reports that three quarters of the 27 member jurisdictions have now published regulations implementing the full set of Basel III standards and almost all have publicly announced that banks must apply Basel III by April 2027 or earlier.
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FCA: Moving fund authorisation applications and notifications online
FCA’s new webpage sets out details of its changes for firms submitting fund applications and scheme documents. In early 2027, FCA will start asking firms to submit certain AIFMD applications and notifications using Connect. It advises firms to ensure that, when asking third parties to submit applications or notifications on their behalf, they should ensure that they have the appropriate delegated access in Connect.