News & Analysis as of

United Kingdom New Guidance Regulatory Reform

Mayer Brown

Non-financial Misconduct – FCA Issues New Policy Statement and Consults on Guidance

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OVERVIEW - On 2 July 2025, the Financial Conduct Authority (FCA) published a significant policy statement and consultation paper (CP25/18) addressing non-financial misconduct (NFM) in the financial services sector. It...more

A&O Shearman

FCA to launch new and improved Handbook website

A&O Shearman on

The UK Financial Conduct Authority (FCA) has announced its plan to launch a new and improved FCA Handbook website as part of its five-year strategy to enhance regulatory efficiency...more

A&O Shearman

ICO issues guidance on the Data (Use and Access) Act

A&O Shearman on

On June 19 2025, the Information Commissioner’s Office (ICO) published guidance on the Data (Use and Access) Act 2025 (DUAA), which received Royal Assent on the same day. The DUAA introduces significant changes to the UK data...more

BCLP

UK Corporate Briefing - July 2025

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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

Pillsbury - Global Trade & Sanctions Law

UK Investment Screening Regime: Still Expecting Amendments

On 23 June 2025, the UK government published its new Modern Industrial Strategy document (the “IS Document”), outlining the government’s current strategies for UK economic growth. The policy paper focuses on eight priority...more

A&O Shearman

UK merger control to see faster reviews and clarified jurisdictional tests

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The Competition and Markets Authority (CMA) has launched a consultation on proposed changes to its mergers guidance on jurisdiction and procedure (CMA2) and its mergers notice template....more

Ropes & Gray LLP

The FCA Has Revamped its Enforcement Guide – Here’s What You Should Know

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On Tuesday the UK’s Financial Conduct Authority (FCA) issued an updated version of its Enforcement Guide, which will now be referred to as ‘ENFG’ in the FCA Handbook, to distinguish it from the previous version. The ENFG is...more

K&L Gates LLP

UK Cross-Government Review of Sanctions Implementation and Enforcement

K&L Gates LLP on

On 15 May 2025, the UK government published a policy paper summarising findings from a cross-government review of sanctions implementation and enforcement. The Foreign, Commonwealth and Development Office led the review in...more

Skadden, Arps, Slate, Meagher & Flom LLP

UK Government Targets Reform of the Investment Manager Exemption

On 28 April 2025, the UK government published draft legislative amendments to: - Align the UK’s domestic tax rules on permanent establishments (PE) with the 2017 Organisation for Economic Co-operation and Development (OECD)...more

A&O Shearman

FCA announces changes to simplify supervisory communications

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The UK Financial Conduct Authority (FCA) has announced it will no longer be issuing and publishing portfolio letters from 30 April. Instead, these will be replaced with a small number of market reports. The market reports...more

A&O Shearman

FCA Primary Market Bulletin No. 55

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The UK Financial Conduct Authority (FCA) has published issue 55 of its Primary Market Bulletin (PMB 55). In PMB 55, the FCA: (i) provides feedback on its consultation in PMB 53, finalises 44 technical and procedural notes,...more

Cooley LLP

Shifting Sands – Recent Developments in UK Merger Control

Cooley LLP on

The UK’s Competition and Markets Authority (CMA) is taking significant steps to update its approach to merger control following both the coming into force of the Digital Markets, Competition and Consumers (DMCC) Act on 1...more

A&O Shearman

UK digital securities sandbox instrument on ancillary FMI activities

A&O Shearman on

The UK Financial Conduct Authority (FCA) has published its Handbook Notice 128 which (among other things) confirms Handbook changes made by the Digital Securities Depositories Instrument 2025 (FCA 2025/14). The instrument...more

BCLP

New UK Consumer Protection Regime to go live 6 April 2025

BCLP on

The CMA' s new enforcement powers granted under the Digital Markets, Competition and Consumers Act 2024 ("DMCCA") come in to force on 6 April 2025, bringing major change to the consumer protection regime. Provisions relating...more

Mayer Brown

UK: Pensions – Updated Guidance on Employer Covenant Assessment

Mayer Brown on

AT A GLANCE - A new funding regime for defined benefit pension schemes in the United Kingdom came into force in September 2024. The new regime introduces a legal requirement for trustees to assess the strength of the...more

A&O Shearman

The Economic Crime and Corporate Transparency Act 2023 (Commencement No.4) Regulations

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The fourth commencement regulations made under the Economic Crime and Corporate Transparency Act 2023 (ECCTA) have been published. Regulation 2 brought into force on 18 March certain provisions in Parts 1 and 2 of the Act....more

Latham & Watkins LLP

Recent Developments for UK PLCs August Edition 2024

Latham & Watkins LLP on

Major UK Listing Reforms Cut Red Tape for Listed Companies - The FCA’s radical overhaul of the UK’s listing framework came into effect on 29 July 2024. All premium listed commercial companies have automatically been...more

A&O Shearman

Great Fund Insights: ESMA Guidelines on funds’ names: Tell me your fund name, I’ll tell you your fund strategy

A&O Shearman on

On 14 May 2024, ESMA published its final guidelines on funds’ names using ESG or sustainability-related terms (the Guidelines). As a result, the use of certain environmental, social and governance (ESG) or...more

Skadden, Arps, Slate, Meagher & Flom LLP

The Capital Ratio: Roundup of Upcoming UK Regulatory Reforms for Financial Institutions

UK regulators have recently announced a number of reforms for banks and other financial institutions. - On 23 November 2023, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) (together,...more

Skadden, Arps, Slate, Meagher & Flom LLP

AI Insights: Public Consultation Period Closes for French CNIL Guidance on GDPR-Compliant Development of AI Systems

On 16 October 2023, France’s Data Protection Authority, the National Commission on Informatics and Liberty (CNIL), issued a set of guidelines for complying with the EU General Data Protection Regulation (GDPR) when...more

A&O Shearman

Clinical Trial Regulation: A streamlined reform of the UK Clinical Trials Regulatory Framework - new measures published

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The MHRA announced on Tuesday the biggest overhaul of clinical trial regulation in the UK in 20 years. The details of the amendments to clinical trial regulation are set out in the MHRA’s response to a public consultation...more

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