Regulation
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…
ESMA Sets 2026 Enforcement Priorities for EEA Corporate Reporting
The European Securities and Markets Authority (ESMA), the European financial markets regulator and supervisor, on 13 October 2026 published the 2026 European common enforcement priorities (ECEP) for the annual financial reports of issuers admitted to trading on European Economic Area…
Nexus Director and Manager Plead Guilty to £2 Million Client Fraud
The Financial Conduct Authority said on 13 October 2026 that two people who worked at financial advice firms have pleaded guilty to fraud after four clients lost £2 million. Kerry Nelson, the director of Nexus Independent Financial Advisers Limited (Nexus…
FCA Motor Finance Redress Challenges Set for February 2027 Hearing
The Upper Tribunal will hear four legal challenges to the Financial Conduct Authority’s motor finance consumer redress scheme between 16 and 26 February 2027, the FCA said in a statement published on 13 October 2026. The scheme was challenged by…
ESMA Publishes Thematic Notes on Impact and Transition Claims
The European Securities and Markets Authority (ESMA) on 12 October 2026 published two additional thematic notes on sustainability-related claims, one examining positive impact claims made through funds and bonds and the other addressing climate transition claims, drawing on observed market…
Federal Reserve Orders American Express to Strengthen AML Controls
The Federal Reserve Board on Thursday, October 8, 2026, announced an enforcement action against American Express Company to address, among other things, the firm’s failure to sufficiently detect and report certain suspicious activity related to money laundering. Acting in coordination…
SEC Proposal Would Reopen Most Fixed-Income Cross Trading by Funds
The Securities and Exchange Commission on Oct. 9, 2026 proposed amendments to Rule 17a-7, the Investment Company Act cross-trading rule, that would restore the ability of registered funds to cross trade most fixed-income securities, which have generally been ineligible for…
CFTC Rule Excludes Casino-Style Gambling From Swap Definition
The Commodity Futures Trading Commission on Friday, October 9, 2026, published an Interim Final Rule codifying what the agency describes as its longstanding position that casino-style gambling products, including wagers placed on sportsbooks and casino games, are excluded from the…
The Travel Rule: Data Required for Digital-Asset Transfers
A first-principles guide to The Digital-Asset Travel Rule, including its operating chain, economics, authoritative records, failure modes, and the evidence investors or operators should verify.
Crypto Crime Prevention Needs More Than Strict Laws
A financial penalty only discourages misconduct when the person considering it believes there is a meaningful chance of being caught. That simple distinction helps explain why increasingly detailed cryptocurrency regulations can coexist with fraud, money laundering, and failures that leave…
