Regulation Tomorrow (Norton Rose Fulbright) - Latest News and Information
On 11 March 2026 the Financial Action Task Force published a report titled “Understanding and Mitigating the Risks of Off‑shore Virtual Asset Service Providers.” The paper details the specific money‑laundering and terrorist‑financing threats posed by offshore VASPs and outlines a suite of good‑practice measures for detection, licensing, registration and enforcement. It also recommends sanctions for non‑compliant entities and aligns the guidance with FATF’s broader virtual‑asset framework. Stakeholders are urged to adopt these practices to close regulatory gaps and protect market integrity.
A wave of sanctions activity is reshaping compliance across the United States, Canada, the European Union and the United Kingdom. The U.S. Treasury issued new Venezuela oil licenses, deployed the Protecting American Intellectual Property Act against a Russian cyber‑espionage broker,...
On 13 March 2026 the FCA released a good‑practice review of firms’ consumer‑understanding under the Consumer Duty. It highlights that firms should use diverse data sources, test communications with real customers, and design clear, accessible journeys. The guidance stresses tailored support for...
On 12 March 2026 the FCA released its annual Retail Banking Regulatory Priorities report, replacing traditional portfolio letters. The guidance stresses filling cash‑access gaps, ensuring digital‑first transformations do not harm vulnerable customers, and meeting basic‑bank‑account rules. It also requires firms to sharpen...
The Dutch Authority for the Financial Markets (AFM) and the Dutch Central Bank (DNB) have refreshed their Simplified Fine Procedure, a tool first introduced by the AFM four years ago to speed up fine settlements. Supervisors may offer an abbreviated...
On 11 March 2026 the EU published Commission Implementing Regulation (EU) 2026/519, amending the technical standards of Regulation 2021/622 that govern MREL reporting. The amendment revises the frequency and content of data that resolution authorities must transmit to the European...
Saudi Arabia’s Capital Market Authority approved amendments to its Capital Market Institutions Regulations, establishing a formal regulatory framework for robo‑advisory services. The rules apply to licensed institutions managing investments and require advance CMA notification, algorithmic oversight, diversification standards, detailed disclosures,...
In January 2026 the Dubai Financial Services Authority released a cross‑sector thematic review examining how Authorised Firms in the Dubai International Financial Centre identify, manage and monitor conflicts of interest. The review uncovered significant variability in standards across governance, identification,...
On 10 March 2026 the European Commission released a draft Delegated Regulation to amend the regulatory technical standards (RTS) set out in Delegated Regulation (EU) 2023/206. The amendment updates references to Article 124 of the Capital Requirements Regulation (CRR) that became obsolete after Regulation...
On 10 March 2026 the European Commission delivered a report to the Council and European Parliament assessing the EU financial sector's preparedness for systemic shocks. The document synthesises input from the European Central Bank, European Supervisory Authorities, the European Systemic Risk Board,...
The Global Regulation Tomorrow Plus podcast launches a three‑part series on building regulatory and operational resilience amid rising geopolitical tensions. In the first episode, hosts Jonathan Herbst, Georgia Karamani and Simon Lovegrove focus on prudential challenges, including exposure mapping, stress...
HM Treasury has launched a consultation proposing significant reforms to the UK’s Appointed Representatives (AR) regime. The changes aim to broaden the scope of activities covered, introduce a stricter gateway test, and provide a grandfathering period for existing ARs. Additional...
The Financial Conduct Authority has issued final rules and guidance under Policy Statement 25/21 that overhaul the safeguarding regime for payments and e‑money firms. The new requirements take effect on 7 May 2026, compelling firms to redesign client‑asset segregation, capital buffers, and governance...
On February 24, 2026, the U.S. Securities and Exchange Commission released the first comprehensive revision to its Enforcement Manual since 2017. The update codifies policy changes the agency rolled out over the past year, mirroring similar reforms at the CFTC...
The European Commission has reached a provisional agreement on the Payment Services Directive 3 (PSD3) and the accompanying Payment Services Regulation (PSR), setting a roadmap toward full implementation by 2026. The new rules broaden the definition of payment service providers, tighten...
The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission have signaled a coordinated push toward a unified regulatory framework for digital assets. Recent staff memoranda and public statements outline joint rulemaking initiatives, shared definitions, and cross‑agency enforcement...
On 27 February 2026 the FCA launched a dedicated webpage outlining how cryptoasset firms can use Section 21 approvers to validate financial promotions. The guidance distinguishes firms applying for FCA authorisation during the application period, those that do not apply, and...
The FCA has issued a direction that defines the relevant application period for crypto‑asset permissions under section 55U of the Financial Services and Markets Act 2000. The window opens at 9:00 am on 30 September 2026 and closes at 11:59 pm on 28 February 2027. The direction clarifies...
