Civil Law

FCA PS25/17: The SI regime for bonds and derivatives including Discussion Paper on equity markets

On 28 November 2025, the Financial Conduct Authority (FCA) published Policy Statement 25/17: The SI regime for bonds and derivatives including Discussion Paper on equity markets (PS25/17).

Background

In November 2024, the FCA published Policy Statement 24/14 which introduced new bond and derivative transparency rules for trading venues from 1 December 2025. The regulator also included in chapter 9 of the Policy Statement a short section for discussion on the future of the systematic internaliser (… Read the rest

Civil Law

A New Era for Consumer Protection: The Digital Markets, Competition and Consumers Act

An overhaul of the UK consumer law landscape is on the horizon, with the consumer law provisions of the Digital Markets, Competition and Consumers Act 2024 set to take effect on 6 April 2025.

By Fiona Maclean, David Little, Irina Vasile, and Sean Newhouse

The Digital Markets, Competition and Consumers Act 2024 (DMCCA) represents a significant shift in the UK’s consumer protection regime. By introducing new enforcement powers and substantive obligations on top of a foundation of restated law, the … Read the rest