UK Finance: Report on generative AI in action
UK Finance has published a report on the opportunities generative AI offers in financial services and managing the associated risks. The report covers current and emerging use cases in financial services, generative AI case studies, and key risks and their mitigation approaches.
Regulatory News - TMT - Technology, Media & Telecommunications
See allThe Child Trust Funds (Amendment) Regulations 2026/250
The SI amends the Child Trust Funds Regulations 2004 to deliver the Government’s decision that, with effect from 6 April 2026, cryptoasset exchange traded notes cannot be held within a Child Trust Fund (CTF). It also provides that such notes which were held in a CTF prior to 6 April 2026 can be retained within the account.
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The Individual Savings Account (Amendment) Regulations 2026/248
The SA amends the Individual Savings Account Regulations 1998 to deliver the Government’s decision to allow LTAFs to be qualifying investments for a stocks and shares ISA. It also delivers the Government’s decision that cryptoasset exchange traded notes (cETNs) are to be qualifying investments for an Innovative Finance ISA. (Date in force: 6 April 2026)
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FCA: CP26/8: Quarterly Consultation Paper
FCA has published the latest of its QCPs, which seeks feedback on various proposed amendments and corrections, including with regard to: amendments to CASS in relation to cryptoasset activities; transparency requirements for financial instruments and rights of action for damages in MAR; increasing the threshold for commodity derivatives under UK EMIR; amending the prohibition on non-cash distributions on own funds instruments for FCA investment firms; minor changes to UK Listing Rules, and amendments relating to ENFG, UNFCOG, ICOBS and CONC.
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FCA: Cryptoasset firms: Use of s.21 approvers
FCA has published information for cryptoasset firms that are currently using the services of an FCA-authorised firm to approve their cryptoasset financial promotions.
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FCA: Speech by Nikhil Rathi: Renaissance at market speed – UK wholesale finance in 2026
Text of Nikhil Rathi’s speech of 26 February 2026 follows. He discusses regulatory issues affecting the wholesale sector, including AI and cryptocurrency.