Firms should expect the Review’s analysis to inform supervisory priorities, perimeter policy and future guidance across a range of areas, with the FCA continuing its plans to regulate for growth.
Tom Callaby, 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.
A summary of the key proposals, drawing out the practical implications and next steps for affected businesses and markets.
The PRA has issued a principles-based, proportionate framework of expectations for firms to manage climate-related financial risk.
The UK is preparing to transition to a T+1 securities settlement cycle on October 11, 2027, in line with other jurisdictions.
The reforms would largely preserve the current UK short-selling framework while reflecting the updates of the SSR 2025 and introducing targeted operational changes.
New regime comes into effect in early 2026.