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ESMA publishes proposals to reform quarterly securitisation reporting templates

Posted by Steven Krivinskas, Marcus Lovatt and Mark Daley on 17 February 2025

ESMA's much-anticipated proposals to reform the quarterly reporting templates were issued on 13February. They seem to offer less of a solution than the market has been asking for.

FCA sets out supervisory expectations for fund service providers in new 'Dear CEO' letter

Posted by Karen Butler on 10 February 2025

The letter sets out the FCA’s expectations of an UK authorised firm that act as a custodian, depository of authorised and unauthorised funds, and a third party administrator (providing fund accounting and transfer agency services) (the Sector Firms).

Staking not a Collective Investment Scheme: UK Government confirms new law

Posted by Sophie Lessar on 22 January 2025

The UK Government has passed legislation to confirm that staking does not fall within the regulatory scope of Collective Investment Schemes.

EU crypto-assets regulatory framework: application of the landmark Markets in Crypto-Assets Regulation (MiCA)

Posted by Melvin Tjon Akon, Sophie Lessar, Laurent Massinon, Christina Nickel and Karen Butler on 15 January 2025

MiCA fully applies since 30 December 2024. In this alert we analyse the key elements of the regime, assessing its impact for the market and highlight the opportunities they will bring.

The opening salvo from the FCA on the UK cryptoasset framework

Posted by Karen Butler and Puesan Lam on 15 January 2025

On 24 November 2024 the UK Financial Conduct Authority (the FCA) published a Roadmap setting out its timeline to developing a tailored regulatory regime for cryptoassets and associated activities (the Roadmap). 

The New Anti-Money Laundering Rules: What You Need to Know

Posted by Melvin Tjon Akon on 16 December 2024

On 31 May 2024, the EU Legislature adopted Directive (EU) 2024/1640 (the Sixth Anti-Money Laundering Directive, AMLD6), Regulation (EU) 2024/1624 (the Anti-Money Laundering Regulation, AMLR), Regulation (EU) 2024/1620 (the AML Authority Regulation, AMLAR). 

Retail Disclosure Regime

Posted by Karen Butler on 6 December 2024

The long-awaited Consumer Composite Investments (Designated Activities) Regulation 2024 entered into force on 22 November 2024 (the CCI Regulation).

New UK ESG Ratings Regulation

Posted by Karen Butler on 29 November 2024

On 14 November 2024, HM Treasury published its response document and draft Statutory Instrument (Draft SI) confirming that providers of Environmental, Social and Governance (ESG) ratings will be brought within the scope of the UK regulatory perimeter.

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