Legal Shorts 2026

Welcome to Legal Shorts, a short briefing on some of the week’s developments in the financial services industry.

Week ending 6th February 2026

We are the champions

BOE speech on shaping the UK’s digital future

Corporate reporting: FCA consults on UK sustainability reporting standards

PRA speech on banks’ management of risks from principal trading firms

Convictions of five city traders sent back to courts by criminal cases review commission

FSB work programme for 2026

FSB warns of financial stability challenges in repo markets

AMLA strategic programming document 2026-28

Week ending 30th January 2026

How to select the best prime broker

OFSI blog on work to tackle financial sanctions breaches involving cryptoassets

FCA launches new enforcement newsletter

FCA responds to treasury committee questions on implementing outstanding Leeds Reforms

FCA updates webpage on T+1 settlement transition

Single list for UK sanctions designations is now in operation

AMLA to launch data collection exercise testing risk assessment models for financial sector

FCA launches review into long-term impact of advanced ai on retail financial services

FCA appoints bond consolidated tape provider

Week ending 23rd January 2026

Crypto regulatory update

UK regulators sign MOU with ESAS on oversight of critical third parties

FCA’s next steps for open banking

European Commission consults on venture funds and AIFMD reform

Week ending 16th January 2026

New FCA cryptoasset webpages announce expected opening date of application gateway

House of Lords report on private markets

ESMA principles for risk-based supervision

FCA multi-firm review findings on complex exchange-traded   products

ESMA launches digital strategy 2026-2028 and updates data strategy 2023-2028

G7 cyber expert group roadmap for transition to post-quantum cryptography in financial sector

Week ending 9th January 2026

FCA policy statement on changes to ancillary activities test

High Court provides detail on dismissed challenge to FCA investigation announcement decision

EBA final report on updated guidelines on equivalence of   confidentiality and professional secrecy regimes of third-country authorities

FCA statement on transitional direction for derivatives trading obligation under UK MiFIR: January 2026

ESMA final report on internal controls guidelines for directly-supervised entities

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LEGALS

Cummings Pepperdine Ltd is a limited company established under English law with company number 12558945 whose registered office is at 7a Abbey Business Park, Monks Walk, Farnham, Surrey, United Kingdom, GU9 8HT. Cummings Pepperdine Ltd does not provide any services that constitute “reserved activities” within the meaning of the Legal Services Act 2007 and is accordingly not regulated by the Solicitors Regulation Authority.