The FCA and PRA share details on their annual progress across capital reform, compliance costs, authorisations, supervision, and innovation support in financial services.
By Becky Critchley, Nicola Higgs, and Rob Moulton
On 9 July 2026, the House of Lords Financial Services Regulation Committee published correspondence from the FCA and the PRA setting out
DEMAT’s implementation plan to withdraw paper share certificates in 2027 is a key step in the UK government’s programme to digitise share ownership.
By Mark Austin CBE, Anna Ngo, and Johannes Poon
Key Points:
The guide enables side-by-side comparison of critical equity derivatives issues across key jurisdictions.
The past several years have emphasized the growing importance of strategic equity solutions as part of corporate finance advisory services for both listed issuers and their controlling shareholders. Strategic equity solutions are a range of equity derivatives products, including
The regulator is proposing amendments with a view to making the application of the regime to firms primarily engaged in wholesale activity clearer and less burdensome.
By Nicola Higgs, Becky Critchley, Ella McGinn, and Charlotte Collins
Key Points:
Under Article 21c CRD VI, third-country lenders may need to revise their approach to provide cross-border lending to EU borrowers.
By Axel Schiemann, Sibylle Münch, Ralph Dräger, and Marie Claire Mollenkopf
Key Points:
The Texas energy law will likely be enforced while the appeal is ongoing.
By Mollie Duckworth, Betty M. Huber, and Taj J. Clayton
On May 29, 2026, the Fifth Circuit Court of Appeals granted the Texas Attorney General and Comptroller’s motion to stay a preliminary injunction blocking enforcement of Texas SB 13,
The transaction is a landmark moment for the UK’s reformed capital markets framework.
By Mark Austin, Ryan Benedict, Frederick Gardner, Isabelle Knapton, and Rob Moulton
Latham & Watkins has advised the underwriting banks on the UK and European retail offers in connection with SpaceX’s IPO, which involved an innovative use of
The FCA is proposing to replace its detailed TCFD-based product disclosures with a more flexible, outcomes-focused approach.
By Nicola Higgs, Anne Mainwaring, and Charlotte Collins
On 5 June 2026, the FCA published its latest Quarterly Consultation Paper. Amongst other topics, the FCA is consulting on removing its product-level climate-related disclosure rules for
BaFin significantly revised its previously published draft WpI-MaRisk on risk management requirements for German investment firms, with a particular emphasis on the principle of proportionality.
By Axel Schiemann and Lasse Winzer
Key Points:
Reforms seek to make the ring-fencing regime more proportionate, whilst retaining its core pillars.
By Rob Moulton, Gary Whitehead, and Charlotte Collins
On 18 May 2026, HM Treasury published the findings of its ring-fencing review. The Chancellor confirmed in her July 2025 Mansion House speech that the government would retain ring-fencing as a