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Market Participants United Kingdom

BCLP

The Football Governance Act - What You Need to Know

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The Football Governance Act was passed into law on 21 July 2025. This follows a long period of debate amongst legislators, regulators, clubs, fans and other market stakeholders about the future of English football, in...more

Mayer Brown

FAQs - Final Rules for the Revised UK Commodity Derivatives Position Limits Framework

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As of 6 July 2026 (some rules took effect from March 2025), all final rules of the new FCA commodity derivatives position limits framework will come into effect. In addition, responsibility from the regime will transfer from...more

Latham & Watkins LLP

Recent Developments for UK PLCs June 2025

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On 3 June 2025, the Financial Reporting Council (FRC) published the UK Stewardship Code 2026. The new Code, effective from 1 January 2026, aims to foster long-term sustainable value creation and improve engagement quality...more

Skadden, Arps, Slate, Meagher & Flom LLP

FCA’s Approach to Non-Bank Leverage and Implications for Market Participants

On 25 February 2025, Sarah Pritchard, executive director of consumers, competition, and international at the UK Financial Conduct Authority (FCA), delivered a speech at the Investment Association Roundtable where she outlined...more

Latham & Watkins LLP

FCA Decision Offers More Regulatory Clarity for Professional Crypto Investors

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Professional investors will benefit from increased exposure to cryptoassets via traditional financial instruments, though retail investors’ exposure remains limited. In the fast-paced world of cryptocurrency, regulatory...more

Latham & Watkins LLP

In Practice: Preparing for a New UK Securitisation Framework

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The start of 2024 heralds the rollout of a new suite of rules for securitisation in the UK, which once adopted, will replace the existing on-shored UK Securitisation Regulation (the “UKSR”). Originally published in...more

A&O Shearman

FCA issues warning about Market Abuse and Market Soundings

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On 31 October 2023, the FCA published its Market Watch newsletter no. 75 ("MW75"), expressing concern about instances of possible market abuse it has come across when routinely reviewing trading, and communications and...more

Latham & Watkins LLP

FCA Issues Warning on Market Soundings

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The FCA reminds market soundings recipients of their obligations under UK MAR best practices for trading during the market sounding period. On 31 October 2023, the FCA published Market Watch 75 reminding firms of the...more

Cadwalader, Wickersham & Taft LLP

Transition Plan Taskforce Publishes the Final Disclosure Framework

On October 9, 2023, the Transition Plan Taskforce (TPT) published the Disclosure Framework providing good practice recommendations for companies to enable them to make “high quality, consistent and comparable transition plan...more

Latham & Watkins LLP

FCA Publishes Final Guidance on the Trading Venue Perimeter

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UK regulator follows the European Securities and Markets Authority in clarifying the scope of the trading venue perimeter. On 5 July 2023, the FCA published its Policy Statement (PS23/11) containing final guidance on the...more

Latham & Watkins LLP

Funded Reinsurance: the PRA Flags Risks From Schematic Review

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UK regulator continues to raise concerns that current market practices could lead to systemic risk. The Prudential Regulation Authority (PRA) has issued another communication, the latest of a series related to...more

Latham & Watkins LLP

FCA Commences Dialogue on Prospectus Reforms

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FCA takes an innovative approach to obtain feedback from industry and stakeholder groups. In May 2023, the FCA launched a process of engagement and dialogue on how the UK’s future prospectus regime could operate....more

Latham & Watkins LLP

National Security & Investment Act: Cold Comfort for Officeholders

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Insolvency officeholders may need clearance upon appointment to entity in an affected sector. The National Security & Investment Act (NSI Act) came into force in early January, and market participants might reasonably...more

Latham & Watkins LLP

Review of UK Appointed Representatives Regime to Increase Burden on Principal Firms

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UK regulators are considering how they can strengthen the regime to enhance standards and reduce risk. On 3 December 2021, the FCA published a Consultation Paper (CP21/34) on changes to its rules regarding the Appointed...more

Latham & Watkins LLP

IOSCO Calls for Oversight of ESG Ratings and Data Product Providers

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The association noted that regulators could provide market participants with much-needed additional trust in ESG ratings and data. On 23 November 2021, the International Organization of Securities Commissions (IOSCO)...more

Latham & Watkins LLP

FCA Consults on Post-Brexit Changes to PRIIPS Regulation

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UK rules will diverge from the much-criticised EU framework. On 20 July 2021, the FCA published a Consultation Paper (CP21/23) on amending the UK PRIIPs Regulation. The FCA has long held concerns about the PRIIPs...more

BCLP

FCA consults on changes to Investment Research and Best Execution reporting

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On 28 April 2021 the Financial Conduct Authority (FCA) published a consultation paper (CP 21/9) on proposed changes to its investment research rules and best execution reporting requirements. We discuss these proposed...more

Hogan Lovells

FCA reviews disclosures of net changes to share capital

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The FCA has recently completed a review of the way in which UK issuers disclose changes to their total voting rights to the market and the resulting effect on major shareholding notifications. ...more

Latham & Watkins LLP

Staying Inside - FCA’s New Guidance on Market Conduct During COVID-19

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New guidance for issuers and market participants on capital raising events and alternative working arrangements, and additional time allowed for filing half-yearly financial reports. On 27 May 2020, the FCA published its...more

Seyfarth Shaw LLP

Undeterred by the COVID-19 Pandemic, ARRC Publishes on April 8, 2020 a Methodology for Addressing Differences between LIBOR and...

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On April 8, 2020, the Alternative Reference Rate Committee (“ARRC”) agreed to align itself with the International Swaps and Derivatives Association, Inc. (“ISDA”), in recommending to the market a “spread adjustment”...more

BCLP

Primary Market Bulletin No. 27

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The FCA has published a special edition of its Primary Market Bulletin which provides key commentary for issuers and market participants in light of the coronavirus pandemic. Ongoing disclosure under the Market Abuse...more

Latham & Watkins LLP

FCA Sets Out Its Expectations of Firms’ Response to COVID-19

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The FCA expects firms to use flexibility to support consumers, has delayed new publications, and extended deadline for responses to published consultations to 1 October 2020. The Financial Conduct Authority (FCA) has...more

Morgan Lewis

Coronavirus (COVID-19): UK FCA and EU ESMA Issue Statements on Pandemic

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The EU watchdog, The European Securities and Markets Authority (ESMA), which coordinates securities market supervision across the 27 countries of the European Union, announced on March 11 that it was prepared to use its...more

Hogan Lovells

Securities and markets regulatory news, March 2020

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The Financial Conduct Authority (FCA) has published a call for input (CFI) on the use and value of data and advanced analytics in wholesale financial markets, now and in the future. ...more

Latham & Watkins LLP

Competition and Innovation in the UK’s New Payments Architecture

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Call for input: market players need to engage with the process for the procurement of the NPA - This Call for Input is part of the development of the Payment Systems Regulator’s (PSR) policy for the future regulation of...more

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