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In AML & Financial Services Regulatory

European Union: ESAs see progress in PAI disclosures under SFDR but room for further improvement

by 5 Mins Read

The European Supervisory Authorities report steady improvement in principal adverse impact (PAI) disclosures under the SFDR, especially among larger financial groups. However, disclosures often lack quantifiable actions, and “non-consideration” statements remain generic. The ESAs recommend clearer, shorter, and machine-readable disclosures, more proportional requirements, and less frequent reporting to enhance quality and relevance. Further regulatory guidance may follow to address persistent shortcomings.

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In Product Regulation & Liability

Mexico: The Ministry of Economy initiates anti-dumping proceeding that could affect imports of adult bicycles from China

by , and 3 Mins Read

On 13 August 2025, Mexico’s Ministry of Economy launched an anti-dumping investigation into adult bicycle imports from China, citing price discrimination from 2022–2024. Five Mexican companies filed the petition, and 261 importers/exporters are named. The probe may lead to countervailing duties if injury to domestic producers is confirmed. Interested parties must submit evidence by 23 September 2025, with possible extensions.

In Corporate Compliance

Singapore: Health Sciences Authority issues update on products found by overseas regulators to contain potent ingredients | June and July 2025

by and 3 Mins Read

On 15 August 2025, Singapore’s Health Sciences Authority (HSA) issued an update listing overseas health products found to contain potent, prohibited ingredients. These may cause harmful side effects. The HSA advises consumers to avoid such products and buy only from trusted sources. Sellers in Singapore face severe penalties for supplying adulterated products. The HSA continues monitoring global enforcement to protect local consumers and urges suppliers to assess any overseas regulatory impacts.

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 AML & Financial Services Regulatory

Singapore: Enhanced anti-money laundering regime for companies, foreign companies and limited liability partnerships

by and 2 Mins Read

The Companies and Limited Liability Partnerships (Miscellaneous Amendments) Act 2024 amended, from 16 June 2025, the Companies Act 1967 (CA) and the Limited Liability Partnerships Act 2005 along with related regulations, to address the risk of misuse of nominee arrangements — an area identified as vulnerable to abuse and potentially the cause of illicit activities.
These amendments enhance Singapore’s anti-money laundering regime to Enhance statutory register disclosures to meet FATF standards, prevent accidental omissions, and improve transparency and accuracy of nominee arrangements through timely and ongoing updates.

In AML & Financial Services Regulatory

United Arab Emirates: Considerations for the Islamic Finance market

by , and 3 Mins Read

On 8 July 2025, the Dubai Court of Cassation questioned the enforceability of late payment compensation in Islamic finance. Unlike default interest, such compensation is not retained by financiers but donated to charity. The ruling may affect market practices, though its broader impact remains uncertain under UAE law.

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In AML & Financial Services Regulatory

United States: The GENIUS Act — A new federal framework for stablecoin issuers, custodians, and banks

by , , , and 9 Mins Read

On July 18, 2025, President Trump signed into law the Guiding and Establishing National Innovation for US Stablecoins Act (GENIUS Act), marking a pivotal moment in the evolution of digital asset regulation. As the first comprehensive federal framework governing payment stablecoins, the GENIUS Act introduces a robust regulatory regime designed to enhance market integrity and consumer protection. The GENIUS Act will take effect on the earlier of (i) January 18, 2027 (i.e., 18 months following enactment) or (ii) 120 days following the issuance of final implementing regulations. This relatively short compliance runway underscores the urgency for stakeholders to begin preparing now.

In Product Regulation & Liability

European Union tightens rules on e-commerce and non-EU product safety

by , , , and 1 Min Read

On 9 July 2025, the European Parliament (EP) adopted a resolution pressing for sweeping reforms in the e-commerce and imports sector, with a focus on consumer protection, product regulation, and unfair competition.1 The resolution sets out a series of measures, including calling for the swift implementation of the Digital Product Passport (DPP), strengthened customs enforcement through reform of the Union Customs Code (UCC), and the removal of the EUR 150 customs duty exemption for low-value consignments. The resolution will now be put submitted to the European Council and the European Commission for consideration.

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.

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