News and Insights

Summary AIFMD II: harmonisation or divergence? In the corporate world, the AIFMD II comes in at the start of Q2, meaning that there is less than a quarter to finalise change management…

Summary The Financial Conduct Authority’s (FCA”) CP25/36 on client categorisation and conflicts of interest (the “consultation”) should not be read as a narrow technical consultation. It is better understood as part of…

Summary Government and Parliament use regulation to deliver various public policy objectives across many areas, particularly where government does not provide or commission services directly. Regulation is characterised by a set of…

Introduction We ended 2025 under a steady stream of year-end publications from the Financial Conduct Authority, plenty of reading material for the average person! Looking ahead to 2026, the regulatory agenda will…

Summary Introduction  The principles are not new, but we now have a more consistent approach to non-financial misconduct has been delivered by the FCA with PS 25-23, Tackling Non-Financial Misconduct in Financial…

Alongside global macro themes which are also on the FCA’s priorities and agenda, including crypto regime build-out, AI/tech initiatives and further work on operational resilience and reporting, the below are the key…

  Client Profile: Full-scope AIFM with MiFID top-up permissions | 3-person compliance team | FCA regulated The firm had onboarded a recorded communications system but lacked the internal resource to integrate this…

With tough love, and some element of hindsight, the industry is telling The European Commission’s November 2025 SFDR overhaul proposal “I told you so”. It arrived after years of industry frustration, parliamentary…

A lot of people understand the importance of good compliance and risk management. When nothing happens (no fines, no complaints, no emergencies), most people within a business rarely have insight into the…

Tokenisation and AI are transforming investment management. As the FCA advances a principles-based regime, firms must align technology, compliance, and strategy. Success lies in a triadic model, RegTech, internal expertise, and boutique…

The FCA’s CP25/29 proposes the first major update to UK short selling rules since 2012. The new regime replaces public disclosures with anonymised aggregates and introduces machine-readable reporting, bulk submissions, and tighter…

The FCA’s CP25/28 marks a major step toward integrating distributed ledger technology into authorised funds, signalling both innovation and a new compliance frontier. Tokenisation promises efficiency and transparency but expands financial crime…

AI’s explosive growth has concentrated market power and created new operational risks. As capital floods into generative models, firms must move beyond hype to disciplined onboarding, anchored in verifiable model governance, safety…