Thomas Hyrkiel5 min read
Carmen Cracknell2 min read
Julie DiMauro5 min read
Hameed Shuja7 min read
Thomas Hyrkiel5 min read
Thomas Hyrkiel3 min read

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.
Karagh Gilliatt | CMS, Tom Callaby | CMS4 min read

The reforms would largely preserve the current UK short-selling framework while reflecting the updates of the SSR 2025 and introducing targeted operational changes.
Ben Maconick | CMS, Tom Callaby | CMS4 min read

New regime comes into effect in early 2026.
Ash Saluja | CMS, Tom Callaby | CMS, Ben Maconick | CMS5 min read

A guide to PRA’s final rules and policy on its approach to branch and subsidiary supervision.
Tom Callaby | CMS, Ben Maconick | CMS4 min read

New framework offers greater flexibility, but it remains to be seen how many fund managers will take up joint payment options, given the guardrails in place.

The consultation is relevant to PRA-authorized banks, building societies and designated UK investment firms.
Tom Callaby | CMS, Ben Maconick | CMS, Ash Saluja | CMS3 min read

The proposed rules would only apply to MIFIDPRU investment firms, with announcements due for market making/principal trading firms.
Tom Callaby | CMS, Ben Maconick | CMS, Ash Saluja | CMS8 min read