Regulation
SEC Division of Examinations Publishes Fiscal 2027 Priorities
The Securities and Exchange Commission’s Division of Examinations published its Fiscal Year 2027 examination priorities on Oct. 23, 2026, setting out the areas the Division says currently present heightened risks to investors or market integrity across its more than 34,000…
FCA Review Finds Uneven Conflicts Controls Across Private Market Firms
The Financial Conduct Authority on 23 October 2026 published the findings of a multi-firm review of conflicts of interest in private markets and called on firms to ensure their management of conflicts keeps pace with the sector’s rapid growth. The…
FCA Bans Ex-Vector Wealth CEO Dawkins for Acting as Regulatory Front
The UK Financial Conduct Authority announced on 21 October 2026 that it had banned Jeffrey Dawkins, the former chief executive of Vector Wealth Ltd, from performing any function in relation to any regulated activity and fined him £269,233, after finding…
ESMA Sets Conditions for Post-Trade Risk Reduction Clearing Exemption
The European Securities and Markets Authority set out on 20 October 2026 the conditions that providers and users of post-trade risk reduction (PTRR) services must meet for certain OTC derivative transactions to be exempt from the clearing obligation under EMIR…
Revolut Wins Gibraltar DLT Licence for New Digital Assets Entity
Revolut announced on October 19, 2026, that the Gibraltar Financial Services Commission (GFSC) had granted a Distributed Ledger Technology (DLT) Provider licence to Revolut Global Digital Assets Limited (RGDAL), the fintech company’s newly established Gibraltar entity. HM Government of Gibraltar…
Verifiable Credentials: Proving Financial Identity Privately
A first-principles guide to Verifiable Credentials for Financial Identity, including its operating chain, economics, authoritative records, failure modes, and the evidence investors or operators should verify.
ESMA Adds Five Legitimate Interests to Inside-Information Delay Rules
The European Securities and Markets Authority updated and streamlined its Market Abuse Regulation (MAR) guidelines on the delay in the disclosure of inside information on 16 October 2026, completing the revised regulatory framework with five additional legitimate interests that can…
FCA Revokes Four LIBOR and EURIBOR Bans After Convictions Quashed
The Financial Conduct Authority on 16 October 2026 revoked the financial-services bans of Colin Bermingham, Philippe Moryoussef, Jonathan Mathew and Christian Bittar after their criminal convictions in LIBOR and EURIBOR benchmark cases were overturned by the Court of Appeal. In…
ESMA Completes EU Regulatory Framework for T+1 Settlement
The European Securities and Markets Authority (ESMA) on 16 October 2026 published the final report on its revised guidelines on standardised procedures and messaging protocols used between investment firms and their professional clients, declaring the European Union’s regulatory framework for…
Court Appoints Special Administrators to Jarvis Investment Management
Jarvis Investment Management Limited, the FCA-authorised stockbroker wholly owned by AIM-quoted Jarvis Securities plc, has entered special administration, with Adam Stephens and Philip Hemming of S&W Partners LLP appointed as joint special administrators. The Financial Conduct Authority, which published a…
ESMA Issues Updated MiFID II Transparency Guidance Covering OTC Derivatives
The European Securities and Markets Authority (ESMA), the EU regulator and supervisor, on 15 October 2026 updated its manual on pre-trade and post-trade transparency under MiFID II and MiFIR, adding guidance on the identification of over-the-counter (OTC) derivatives subject to…
CPMI and IOSCO Finalize PFMI Guidance on FMI General Business Risks
The Bank for International Settlements’ Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) on 14 October 2026 published a final report on financial market infrastructures’ (FMIs) management of general business risks and general…
IMF, World Bank Debut Anti-Fraud Framework at Bangkok Annual Meetings
The managements of the International Monetary Fund and the World Bank Group on October 14, 2026 released the Bangkok Blueprint, a high-level framework setting out 12 key considerations to help countries prevent, detect, and address cyber-enabled fraud in digital financial…
FCA and NCA Arrest Three in Raids on Suspected Insider Dealing Group
The Financial Conduct Authority said three individuals were arrested on 13 October 2026 in a joint operation with the National Crime Agency (NCA) aimed at disrupting a suspected organised criminal group engaged in insider dealing and money laundering. More than…
Joint Committee of EU Supervisors Sets 2027 Cross-Sector Work Programme
The Joint Committee of the European Supervisory Authorities (EBA, EIOPA and ESMA) published its Annual Work Programme for 2027 on 13 October 2026, the European Securities and Markets Authority announced. The programme sets out “its priorities for addressing cross-sectoral risks…
