News & Analysis as of

Capital Markets United Kingdom Financial Services Industry

Morgan Lewis

New UK Prospectus and Securities Offering Regimes to Enter Into Force in January 2026

Morgan Lewis on

The UK Financial Conduct Authority published PS25/9 and PS25/10 in July 2025, setting out the final rules that will govern the UK’s new public offers and admissions to trading regime, which will replace the existing UK...more

Ropes & Gray LLP

European Private Equity Market Recap – H1 2025

Ropes & Gray LLP on

Deal activity: Deal count has picked up through the first half of 2025, up 2% compared to the same period last year but still down 7% from H2 2024. With geopolitical tensions, investors and analysts alike are forecasting...more

A&O Shearman

UK FCA Primary Market Bulletin 56 published

A&O Shearman on

The UK Financial Conduct Authority (FCA) has published its latest edition of its newsletter for primary market participants, Primary Markets Bulletin 56...more

Paul Hastings LLP

UK Public Offers and Admissions to Trading Regime

Paul Hastings LLP on

The principal regulations governing offers of securities to the public and admissions of securities to trading on regulated markets in the United Kingdom, including the requirements for a prospectus, are contained in the UK...more

A&O Shearman

UK FSMA 2000 (Markets in Financial Instruments) (Amendment) Regulations 2025 laid

A&O Shearman on

The UK FSMA 2000 (Markets in Financial Instruments) Amendment Regulations 2025 have been laid. The regulations extend the UK Financial Conduct Authority's (FCA) powers of direction to a new category of derivative, referred to...more

A&O Shearman

FCA publishes final rules on POATR framework and UK Listing Rules

A&O Shearman on

The UK Financial Conduct Authority (FCA) has published final policy statement (PS25/9) to implement the new Public Offers and Admissions to Trading Regulations 2024 (POATRs), which will replace the UK Prospectus Regulation....more

A&O Shearman

FCA publishes final rules for firms operating public offer platforms

A&O Shearman on

The UK Financial Conduct Authority (FCA) has published final policy statement PS25/10, setting out the final rules for the new public offer platforms (POP) regime. This follows consultations in July 2024 and January of this...more

A&O Shearman

Mansion House: Leeds Reforms

A&O Shearman on

HM Treasury has published a press release confirming a significant package of measures aimed at making the UK the prime destination for financial services by 2035, referred to as the "Leeds Reforms"...more

A&O Shearman

Mansion House: Financial Services Growth and Competitiveness Strategy

A&O Shearman on

The UK government has published its Financial Services Growth and Competitiveness Strategy, a ten-year plan to drive growth and competitiveness in the UK financial services sector. The strategy follows a call for evidence...more

Goodwin

Further Reform for UK Private Fund Managers: The Government’s Road Map for Growth in Financial Services

Goodwin on

On 15 July 2025, Chancellor of the Exchequer Rachel Reeves delivered her Mansion House 2025 speech unveiling the Leeds Reforms, a programme for financial services reforms to drive investment and growth in the sector....more

A&O Shearman

FCA plans to modernise client categorisation rules

A&O Shearman on

The UK Financial Conduct Authority has announced plans to review its client categorisation rules to unlock more investment opportunities for wealthy investors and support capital markets...more

Hogan Lovells

UK Mansion House 2025: What this means for digital assets and tokenisation

Hogan Lovells on

The UK government’s latest communications on 15 July 2025 in connection with the Chancellor’s annual Mansion House speech, and the launch of its Financial Services Growth and Competitiveness Strategy, signals the government’s...more

A&O Shearman

FSB final report on leverage in NBFI and data challenges work plan

A&O Shearman on

The Financial Stability Board (FSB) has published its final report on leverage in non-bank financial intermediation (NBFI) which highlights the significant role of NBFI leverage in recent financial stress episodes and...more

Hogan Lovells

UK Mansion House 2025 and Financial Services Growth and Competitiveness Strategy: summary of key initiatives

Hogan Lovells on

The Chancellor of the Exchequer has delivered her second Mansion House speech and announced the “Leeds Reforms” in conjunction with publication of the awaited Financial Services Growth and Competitiveness Strategy and related...more

Latham & Watkins LLP

Leeds Reforms Set UK Government Agenda for Financial Services

Latham & Watkins LLP on

On 15 July 2025, the Chancellor of the Exchequer, Rachel Reeves, delivered her second Mansion House speech, having earlier that day announced the so-called Leeds Reforms to “position the UK as the number one destination for...more

Hogan Lovells

UK’s Financial Services Growth and Competitiveness Strategy: Welcome news for insurers

Hogan Lovells on

The UK government’s Financial Services Growth and Competitiveness Strategy published on 15 July 2025, identifies insurance/reinsurance as one of the sectors with ‘priority growth opportunities’ and as such the Strategy sets...more

A&O Shearman

UK Government publishes 10-year industrial strategy plan

A&O Shearman on

The UK Government has published a policy paper outlining its industrial strategy. The strategy centres around eight priority sectors (the IS-8), including financial services. The UK government's ambition is to establish the...more

A&O Shearman

The UK Private Intermittent Securities and Capital Exchange System (Exemption from Stamp Duties) Regulations 2025

A&O Shearman on

The Private Intermittent Securities and Capital Exchange System (Exemption from Stamp Duties) Regulations 2025 (SI 2025/666) have been published, alongside an explanatory memorandum. The regulations exempt the transfer of a...more

A&O Shearman

The Financial Services and Markets Act 2023 (Capital Buffers and Macro-Prudential Measures) (Consequential Amendments) Regulations...

A&O Shearman on

The draft UK Financial Services and Markets Act 2023 (Capital Buffers and Macro-prudential Measures) (Consequential Amendments) Regulations 2025 were laid before the UK parliament and have been published, alongside an...more

Herbert Smith Freehills Kramer

UK Public M&A Monthly Activity Update: May 2025

In May 2025, there were eleven Rule 2.7 announcements made across the UK public M&A market and ten further possible offers announced. Firm Offers announced this month: Recommended cash offer by Tristan Capital Partners for...more

Herbert Smith Freehills Kramer

UK Securitisation Framework Update

The UK Securitisation Framework came into force on 1 November 2024 and revoked the previous EU legislation that had been retained under UK law ("Previous UK SR"). The new regime represents a significant shift in the way that...more

BCLP

UK Corporate Briefing - June 2025

BCLP on

Welcome to the Corporate Briefing, where we review the latest developments in UK corporate law that you need to know about. In this month’s issue we discuss...more

A&O Shearman

Ninth Commencement Regulations under Financial Services and Markets Act 2023 published

A&O Shearman on

The Ninth Commencement Regulations–the Financial Services and Markets Act 2023 (Commencement No. 9) Regulations 2025–under the Financial Services and Markets Act 2023 (FSMA 2023) were made and have been published. The Ninth...more

A&O Shearman

Key elements of the 2025 CCP Stress Test

A&O Shearman on

The Bank of England (BoE) has published key elements to its 2025 Stress Test of UK Central Counterparties (CCPs), along with a spreadsheet containing the relevant market stress scenarios. This exercise, the fourth of its...more

Cadwalader, Wickersham & Taft LLP

Regulation in Flux, March 2025 - The UK’s FCA Publishes Bulletin on Leaks of Market Sensitive Information

In Primary Market Bulletin 54, the Financial Conduct Authority ("FCA") addresses concerns about deliberate, unintentional and unlawful disclosure of market sensitive information during ongoing M&A transactions. Leaks to the...more

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