FCA: Olumide Osunkoya
FCA has announced that Olumide Osunkoya pleaded guilty to five offences at a hearing at Westminster Magistrates’ Court. This is the first UK conviction of its kind for offences relating to the operation of crypto ATMs. Sentencing for the offences will take place at Southwark Crown Court at a date to be confirmed.
Last updated · 13 Mar 2026
Regulatory News - Financial Services & Regulation
See allBIS: Information and communication technology risk management – range of practices
The Basel Committee has analysed ICT risk management practices across jurisdictions to address non-malicious ICT incidents. Its report aims to support banks in developing robust ICT risk management frameworks.
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UKPI/FCA: UKPI scheme
UKPI has announced the launch of a scheme designed for the next-generation of open banking payments which establishes a shared rulebook, commercial model and operational standards for flexible, automated, or recurring account-to-account payments, powered by open banking. FCA has published a press release in which it notes that it is supporting industry efforts to establish an independent standards-setting body, and – subject to legislation expected to give it new powers – will consult on a long-term regulatory framework by the end of 2026.
JMLSG: Consultation
JMSLG is consulting on proposed amendments to Part I of its Guidance. Responses are required by 29 June 2026.
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IOSCO: Valuing collective investment schemes, strengthening global standards for fund valuation
IOSCO’s report sets out recommendations intended to further enhance the reliability, consistency and transparency of valuation practices across global investment funds It updates and consolidates IOSCO’s earlier principles on valuation for collective investment schemes and hedge funds which were published in 2013 and 2007 respectively. The recommendations focus on: governance and oversight arrangements, including under stressed market conditions; management of conflicts of interest; valuation methodologies; the use and oversight of third-party valuation providers, and transparency, disclosure to investors and record-keeping.
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FCA: Handbook Notice 141
This edition of the Handbook Notice details Instruments passed at FCA boards on 23 April and 28 May 2026. These are: Collective Investment Schemes (Use of Distributed Ledger Technology in Authorised Funds) Instrument 2026/24; Collective Investment Schemes (Direct Dealing) Instrument 2026/25; Consumer Credit (Regulatory Reporting) (Amendment) Instrument 2026/26; Supervision Manual (Amendment) Instrument 2026/27; Technical Standards (European Markets Infrastructure Regulation) (Clearing Thresholds) (Amendment) Instrument 2026/28 (see also second link below), and Short Selling Rules Sourcebook (Administration) Instrument 2026/29.