The report is a useful indicator of where the FCA expects firms to focus now.
Ben Maconick | CMS
Key points and practical implications in the areas of governance, testing, outsourcing, and pre-trade controls.
Firms should prepare for PRA Rulebook migration, revised overseas recognition mechanics, and operational updates to policies, systems, and reporting.
The EC is aiming to adopt this delegated act in late 2026, applying to in-scope entities in respect of financial year 2027.
The PRA has issued a principles-based, proportionate framework of expectations for firms to manage climate-related financial risk.
The proposals address well-documented concerns about opacity, reliability, and independence in the ESG ratings market.
A holistic summary of the differences between the leaked version and this official version.
The reforms would largely preserve the current UK short-selling framework while reflecting the updates of the SSR 2025 and introducing targeted operational changes.