Why 2026 retail FX rules move beyond the 30:1 leverage cap
Retail FX leverage caps have converged at 30:1, but 2026 enforcement targets conduct: ASIC's $40m refunds and the FCA's Consumer Duty review on CFDs.
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Regulation
Enforcement, licensing and rule-making from the SEC, FCA, CySEC, ASIC and the rest.
167 stories since 2018 · page 6 of 9
June 2026
MiCA’s July 1 cliff meets the GENIUS Act’s July 18 deadline
MiCA's July 1, 2026 cutoff and the GENIUS Act's July 18 rulemaking deadline lock in incompatible stablecoin regimes, forcing issuers into region-specific coins.
Why the FCA’s retail crypto-ETN reopening splits from US and EU
The FCA reopened retail access to crypto ETNs on Oct 8, 2025, charting a third UK path between the US spot-ETF model and the EU’s MiCA-governed market.
How the CLARITY Act carves crypto between the SEC and CFTC
The CLARITY Act would give the CFTC spot digital-commodity markets and leave investment-contract assets with the SEC, diverging from MiCA, the UK and Singapore.
Why EMIR 3.0’s active-account rule targets London euro clearing
EMIR 3.0's active account requirement forces EU firms to clear euro rate derivatives at EU CCPs from 2026, targeting the 80% that still sits at London's LCH.
PFOF’s June 30 cliff ends Germany’s carve-out as EU, UK, US split
From June 30, 2026 Germany's PFOF carve-out expires, making the EU a uniform no-PFOF bloc — and splitting it from the UK ban and the US disclosure regime.
May 2026
Japan’s FIEA shift pulls crypto into securities law from 2027
Japan's FIEA amendment reclassifies crypto as financial instruments, importing insider-dealing bans and a flat 20% tax — and diverging from MiCA and the US.
AMLA’s single rulebook splits EU AML from the US and UK
From July 2027 the EU's AMLR and Frankfurt-based AMLA replace 27 national AML regimes with one rulebook and direct supervision — diverging from the US and UK.
Basel’s crypto capital rules split the EU, UK and US in 2026
Basel's SCO60 crypto capital standard took effect Jan 1, 2026 with a 1,250% risk weight - but the EU, UK and US are implementing it three different ways.
Why UK sterling stablecoins face an FCA-BoE configuration trap
FCA cryptoasset rules effective October 25, 2027 meet a BoE systemic-stablecoin regime that proposes 40% unremunerated reserves and tight retail caps.
How SEC liquid staking ruling splits from MiCA and MAS rules
SEC August 2025 statement clears $66bn liquid staking market; MiCA, FCA, MAS and VARA still split. Cross-jurisdictional rulebook diverges on CASP authorisation.
How CySEC’s 10:1 CFD cap meets ESMA’s 2026 supervisory sweep
CySEC's RAA 270/2025 capped non-major commodity and index CFDs at 10:1 in September 2025; ESMA's CSA 2026 now adds inspections on conflicts of interest.
Hong Kong’s 2026 VA dealer and custodian regime takes shape
Hong Kong's FSTB/SFC publish consultation conclusions on VA dealing and custodian licensing — a four-jurisdiction read alongside MAS, VARA, and the SEC.
CFTC’s grip on sports event contracts faces a circuit split
The Third Circuit handed the CFTC exclusive jurisdiction over sports event contracts, but a pending Ninth Circuit ruling could split the circuits.
As MiCA’s July 1 cliff nears, three crypto rulebooks pull apart
MiCA’s transitional period closes July 1, 2026, just as the FCA’s CP26/13 and the US CLARITY Act define three divergent crypto rulebooks for global firms.
March 2023
Ensuring Client Safety Through Regulation
Forex trading is rife with risks and challenges, and traders, particularly beginners, may be discouraged from entering the space.
