How the Bank and the FCA split systemic sterling issuers
The Bank leads reserves and a £40 billion guardrail for systemic sterling issuers, while the FCA keeps conduct and solo-regulates every other UK issuer.
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Regulation
Enforcement, licensing and rule-making from the SEC, FCA, CySEC, ASIC and the rest.
210 stories since 2018
November 2026
LSEG depositary clears the sandbox gate for the DIGIT gilt
Gate 2 lets LSEG B3 settle the DIGIT gilt as an investor depositary inside the UK sandbox. Settlement-finality designation and the cash leg remain open.
France's €100,000 line for self-custody crypto reports
Amendment I-2701 would require French taxpayers to declare self-custodied crypto wallets from €100,000. The Assembly voted yes; the bill is still in Parliament.
Hong Kong passes CARF crypto-asset tax reporting rules
Hong Kong passed the crypto-asset reporting bill. CARF duties start 1 January 2027, the amended CRS starts 1 January 2028, and exchange is planned for 2028.
Project SAGE asks banks to name an owner before an agent acts
Project SAGE asks Hong Kong banks to name an owner for every agent that can act, and which material agents a supervisor should see before comments close.
Taxonomy KPI advice would narrow mandatory OpEx reporting
ESMA's taxonomy KPI advice would narrow mandatory OpEx to non-capitalised R&D and replace weighted group KPIs if the Commission later adopts the text.
Thai SEC draft lets one company seek derivatives licences
News from Thailand's SEC would let one digital-asset company apply for exchange, clearing and intermediary licences, with comments through 28 November.
October 2026
SEC phases a capped exemption from Treasury repo clearing
Release No. 34-106789 takes some Treasury repo out of Rule 17ad-22 under a phased cap or a $5 billion test, and widens which affiliates stay outside clearing.
Why ASIC's REP 842 still shows an audit judgement gap
REP 842 records 42 ASIC findings where audit judgement was thin on revenue and impairment. What the surveillance changes for directors and the largest firms.
FS26/3 holds the line on high-risk retail investment access
FS26/3 keeps UK high-risk promotion gates in place and puts mainstream risk warnings, appropriateness tests and model portfolios on a later timetable.
CFTC sues Utah to defend exclusive event-contract jurisdiction
The CFTC has sued Utah to keep state gambling statutes off designated contract markets. The filing redraws the line for brokers, FCMs and event-contract venues.
CP26/38 and what the Financial Crime Guide would change
CP26/38 would revise the FCA Financial Crime Guide on fraud, sanctions and cryptoassets. Comments close on December 24, 2026.
OCC part 15 drops the automatic redemption extension
OCC part 15 keeps a two-business-day redemption limit and requires a 24-hour notice when one brand's requests exceed 10 percent of outstanding issuance.
CP26/37 would retire certification and notify senior roles
CP26/37 and PRA CP14/26 would retire certification, notify many senior roles, and keep chief executives on pre-approval. Responses close on January 22, 2027.
Why the HKMA ART Framework names an owner for each AI use
The HKMA ART Framework names an owner for every bank AI use case, requires a live inventory, and sets a kill switch on material cases beside an FSB toolkit.
GC26/7 says DeFi use does not rewrite SYSC 15A rules
Guidance consultation GC26/7 tells in-scope FCA firms that DeFi use does not rewrite SYSC 15A, SYSC 6 or the MLRs. Comments close on November 18, 2026.
SEC 4-927: when should a tokenised stock venue check who can trade?
Letters on SEC File 4-927 ask that tokenised stock venues check wallet eligibility at the trade, not only at onboarding, and keep a signed record of each check.
CP26/36 sets the tests for new cryptoasset exclusions
CP26/36 sets the FCA's draft tests for new cryptoasset exclusions before the UK regime begins on October 25, 2027. Comments close on November 18, 2026.
OCC finds debanking policies at nine largest national banks
The OCC's October 14, 2026 report, NR-OCC-2026-90, says all nine largest national banks kept debanking policies through 2025, but it names no civil fine.
CFTC carves casino wagers out of the swap definition
Licensed casino wagers fall outside the CFTC swap definition from 19 October 2026. Comments close 18 November 2026. Event contracts remain a separate proposal.