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In AML & Financial Services Regulatory

United Kingdom: FCA Launches Review on Future AI Approach

by , , and 6 Mins Read

On 27 January 2026 the Financial Conduct Authority (FCA) launched the Mills Review to examine the long-term impact of AI on financial services. Led by Sheldon Mills, this initiative invites industry feedback to help shape how AI might transform consumer experiences, market structures, and regulatory approaches in retail financial services. The call for input closes on 24 February, following which Mills will present recommendations to the FCA board in the summer, culminating in an external publication to foster informed debate.

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In AML & Financial Services Regulatory

United Kingdom: New Cryptoassets Regime Published

by , and 7 Mins Read

On 4 February 2024, the Financial Services and Markets Act 2000 (Cryptoassets) Regulations 2026 were made, establishing a comprehensive regulatory framework for cryptoassets in the UK. Under this new regime, cryptoasset firms falling within scope will be subject to regulatory requirements, including, where relevant, authorisation by the FCA. The Cryptoassets Regulations define the categories of cryptoassets and activities subject to regulation, expand the scope of the financial promotions regime to align with the new regulated activities, and make provision for rules relating to market abuse and public offers. The new regime will take effect on 25 October 2027, with the authorisation gateway opening in September 2026. UK cryptoasset firms should review their current and planned activities to determine if they fall within the scope of the new regime, and those seeking authorisation should start engaging with the process now to ensure they are prepared to move quickly once the gateway opens.

In Employment

United Kingdom: Employment Rights Act 2025 — Time for Collective Action?

by and 7 Mins Read

The Employment Rights Act 2025 finally received Royal Assent and became law on 18 December 2025. It represents what the government has described as “the biggest upgrade of workers’ rights in a generation” and includes a raft of changes to the current industrial relations framework.
This article, published in International Employment Lawyer on 20 January 2026, covers a number of the key changes, some of which will apply from as early as February 2026.

In Employment

United Kingdom: Employment Rights Act 2025 Update – Summary and Next Steps

by , , , , and 1 Min Read

The Employment Rights Bill was approved and finalised on 18 December 2025, after many rounds of parliamentary “ping pong”, becoming the Employment Rights Act (ERA) 2025. Its final form is substantively very similar to previous versions, with one important exception: the retention of a qualifying period for unfair dismissal rights (albeit reduced from two years to six months) and the removal of any cap on unfair dismissal compensation.
Although we now have a finalised ERA 2025, many key areas of detail are subject to consultations and further regulations. This article summarises the Act’s key provisions, the areas of outstanding detail, anticipated timelines (as set out in the government’s updated timeline on 4 February 2026), and what organisations could or should be doing now to prepare.

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In Product Regulation & Liability

Product Risk Radar

by , , , , , , , and 7 Mins Read

The Product Risk Radar is our online content hub for the latest important legal developments in product regulatory and liability risk affecting the UK and EU (including some specific content for Germany). Through our hub, we will post regular updates to help you navigate this increasingly challenging landscape.

In Employment

United Kingdom: Employment Rights Bill passed and due to receive Royal Assent

by , , , , and 2 Mins Read

On 16 December 2025, the House of Lords resolved the final point of dispute in the Employment Rights Bill – whether the cap on unfair dismissal should be removed – paving the way for Royal Assent before Christmas.
The Bill introduces sweeping employment law reforms, including new provisions on strikes and trade unions, enhanced protective awards for collective redundancies, and restrictions on fire-and-rehire practices. It also reduces the qualifying period for unfair dismissal claims to six months from January 2027, although the timing for removing the compensation cap remains uncertain.
Implementation will be phased through 2026 and 2027, supported by over 20 consultations and secondary legislation following Royal Assent.

In AML & Financial Services Regulatory

United Kingdom: FCA aims to ease burden on sustainability reporting following review

by 6 Mins Read

The Financial Conduct Authority (FCA) has said following its recent multi-firm review of how its climate disclosure rules have been operating that it will look to “streamline and enhance” its sustainability reporting framework and has pledged to “simplify disclosure requirements”. This is welcome news for the industry and seems to be driven by feedback from the asset management sector that Task Force on Climate-related Financial Disclosures (TCFD) reporting rules are overly granular. There also seems to be a move towards consolidation across UK sustainability reporting frameworks as the FCA will consider the Sustainability Disclosure Requirements (SDR), International Sustainability Standards Board (ISSB) and transition planning going forward.

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In ESG

United Kingdom: Government issues new modern slavery guidance on supply chain transparency

by and 1 Min Read

In March 2025, the Home Office issued a revised version of its statutory guidance “Transparency in Supply Chains” following the House of Lords Modern Slavery Act 2015 Committee’s report. This marks the first full revision of the guidance in nearly a decade. In an article for Compliance & Risk, Jon Tuck and David Yadid examine the current legal framework under the Act, unpack the key changes introduced by the new guidance, and consider their implications for businesses.

In AML & Financial Services Regulatory

United Kingdom: FCA publishes rules for new prospectus regime

by , , , , , and 6 Mins Read

The Financial Conduct Authority (FCA) has published a policy statement (PS25/9: New rules for the public offers and admissions to trading regime) under which it sets out the rules for the new regime that will apply in respect of prospectuses. This follows the consultation process the FCA undertook via the previous publication of consultation papers CP 25/2 and CP 24/12. The Public Offers and Admissions to Trading Regulations 2024 (POATRs) will replace the UK Prospectus Regulation (UKPR). The POATRs are generally in line with the proposals consulted on, with some modifications to reflect feedback from market participants. The new rules will come into effect on 19 January 2026.

In Antitrust / Competition

Webinar summary: Latest antitrust enforcement tools and guidance on antitrust compliance programs – Tuesday 10 June 2025

by , , , and 2 Mins Read

Our global panel discussed how authorities are stepping up antitrust enforcement, the challenges of managing cross-border investigations, and what effective compliance looks like in 2025. Authorities are increasingly proactive and coordinated, using AI and data scraping to detect infringements such as bid rigging, price signalling, parallel pricing, and suspicious labour…

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