Insights

Operational notes for London banks, digital-asset firms and FS groups serving global customers. Each piece is built around an official date, who is in scope, and what operational teams should do next.

Use the Gap Analysis Tools when you want a scored self-assessment, and the legislative agenda for the calendar.

20 August 2026UPDATE: SEC proposes Regulation Crypto Assets — and Treasury’s GENIUS section 3 NPRMThe SEC issued proposed Regulation Crypto Assets on 18 August 2026 (file S7-2026-27), a tailored offering regime for certain investment […]Read the insight17 August 2026New Tool: CSDR T+1 Readiness DiagnosticWe are pleased to announce the launch of our free CSDR T+1 Readiness Diagnostic. This interactive self-assessment helps banks, brokers, […]Read the insight29 July 2026The FCA’s 2026 Consumer Duty agenda — smaller firms, year-2 board reports, CP26/23, outcomes monitoringThe FCA’s 2026 Consumer Duty file is now a stack of official artefacts, not a new go-live: smaller-firm board-report insight […]Read the insight22 July 2026EMIR 3 Active Account Requirement: first reports due 31 July 2026On 13 April 2026 ESMA published reporting templates and instructions for the Active Account Requirement under EMIR 3. They apply […]Read the insight1 July 2026MiCA Compliance for Operational Teams: How to Become a CASP and Stay on the Right Side of EU Crypto RulesThe Markets in Crypto-Assets Regulation (MiCA – Regulation (EU) 2023/1114) is now fully in force across the European Union. For […]Read the insight30 June 2026UK crypto FSMA final rules: the 30 June 2026 package and the 30 September gatewayOn 30 June 2026 the FCA published its final rules and guidance for the UK cryptoasset FSMA regime, which will […]Read the insight18 May 2026The FCA’s 2026 financial crime agenda — conference, work programme, and an offence already in forceNikhil Rathi spoke at the FCA financial crime conference on 14 May 2026, setting the operational tone for the FCA’s […]Read the insight6 May 2026Pay.UK FPS Reimbursement Rules — Schedule 4 v4.0 (1 May 2026)Pay.UK dated FPS Reimbursement Rules – Schedule 4 Version 4.0 on 01 May 2026. The schedule applies to all Directed […]Read the insight28 April 2026SMCR Phase 1 is in force: what changed on 24 April 2026The FCA published PS26/6 and the PRA published PS12/26 on 22 April 2026; most Phase 1 SM&CR changes took effect […]Read the insight8 April 2026UPDATE: Targeted Support is live — banks and pension firms from 6 April 2026On 26 February 2026 the FCA Board made the final targeted support rules; the regime went live from 6 April […]Read the insight4 March 2026MiFIR transparency from 2 March 2026: what London trading books must have liveOn 27 February 2026 ESMA published the annual transparency calculations for equity and equity-like instruments and recalled that “the application […]Read the insight10 February 2026The Cryptoassets Regulations 2026 are made: London firms’ FSMA clock is runningOn 4 February 2026 The Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 were made by Parliament. They bring […]Read the insight16 January 2026UPDATE: EU and UK regulators lock DORA/CTP oversight cooperationOn 14 January 2026 the European Supervisory Authorities (EBA, EIOPA and ESMA — the ESAs) signed a Memorandum of Understanding […]Read the insight