SEC Rescinds Policy Regarding Denials of Settlements in Enforcement Actions
In this issue of our monthly Securities Enforcement Roundup, we highlight top securities enforcement developments from May 2026.
FCA & Rules
FCA and Bank of England set out shared vision for tokenisation in UK wholesale markets
UK financial firms can adopt tokenisation and distributed ledger technology (DLT) with greater confidence, as the Financial Conduct Authority (FCA) and the Bank of England set out a shared vision and …
PRA announces ring-fence change to reduce costs
The Prudential Regulation Authority (PRA) has today announced plans to consult on reforming rules around shared operational services for ring-fenced banks.
The Bank, FCA and HM Treasury joint statement on Frontier AI models and cyber resilience
Artificial intelligence (AI) continues to evolve rapidly. Frontier AI models represent a step-change in capability, with significant implications for cyber security and operational resilience.
Minutes of the Market Participants Group meeting – 7 May 2026
The Governor began the meeting by thanking attendees for joining and reminding participants of the purpose of these meetings. The Governor made clear that the MPC would be in listening mode, and that …
Minutes of the Meeting of the Court of Directors held on 12 February 2026
David Roberts, Chair Andrew Bailey, Governor Sarah Breeden, Deputy Governor – Financial Stability Clare Lombardelli, Deputy Governor – Monetary Policy Sir Dave Ramsden, Deputy Governor – Markets & Ban…
SEC Charges 21 Individuals With Alleged Wide-Reaching Insider Trading Scheme
With the confirmation of Chair Gary Gensler in April and the appointment of Enforcement Division Director Gurbir Grewal in June, the latter half of 2021 provided greater insight into the ways in which…
SEC Divisions of Investment Management and Corporation Finance Issue Staff Guidance Supporting Retirement Plans for Small Businesses
As tech-savvy generations have aged, banking and financial options evolved, too, and once rare perks like mobile banking became standard, forcing brick-and-mortar institutions to become tech-enabled.
SEC Proposes Amendments to Permit Optional Semiannual Reporting by Public Companies
On May 5, 2026, the U.S. Securities and Exchange Commission (SEC) proposed rule and form amendments that would allow Securities Exchange Act of 1934 (Exchange Act) reporting companies to file semiannu…
Exchange of letters between the Governor and the Chancellor on the Asset Purchase Facility - May 2026
Planning for long-term care is a smart way to prepare for the realities of aging. As Americans live longer, more of us will eventually need support later in life — whether through in-home care, assist…
Deputy Director of Enforcement Jason Burt to Conclude His Tenure at the SEC
The principal theme of Securities Enforcement this year is consistent with the message this Administration has promoted since it began: this Commission and its Enforcement Division are seeking to heig…
Exchange of letters between the Governor and the Chancellor regarding CPI Inflation - April 2026
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Bank Rate maintained at 3.75% - April 2026 Monetary Policy Summary and Minutes
At its meeting ending on 29 April 2026, the Monetary Policy Committee (MPC) voted by a majority of 8–1 to maintain Bank Rate at 3.75%. One member voted to increase Bank Rate by 0.25 percentage points,…
PRA publishes plans to support resilience in the life insurance industry
Under plans in a consultation published today, funded reinsurance – which involves UK life insurers paying a large up-front premium to a reinsurer in return for future payments – would be treated more…
Statistical Notice 2026/03 - Bank of England Levy: request for contact details
The Bank of England Levy (the Levy) is a means of funding the costs of the Bank’s policy functions in pursuit of its Financial Stability and Monetary Policy objectives.
FCA and PRA confirm changes to streamline senior manager accountability and boost growth
Firms will benefit from reduced costs and greater flexibility and find it easier to comply with the Senior Managers and Certification Regime (SM&CR), following reforms set out today by the Financial C…
FPC review of UK bank capital – summary of stakeholder evidence gathering event
On 20 March 2026, The Bank of England hosted an event to gather evidence from a range of stakeholders on the Financial Policy Committee’s (FPC’s) assessment of the appropriate level and structure of b…
Minutes of the SONIA Stakeholder Advisory Group - 24 March 2026
The Chair welcomed the Group and those present as part of the observers’ programme.
Banknotes imagery advisory group minutes - 5 August 2025
Time: 10am to 11.30am | Location: Bank of England, Threadneedle Street, London, EC2R 8AH and MS teams
Banknote imagery advisory group minutes - 14 October 2025
Time: 11am to 1.30pm | Location: Bank of England, Threadneedle Street, London, EC2R 8AH and MS teams
Artificial Intelligence Consortium minutes – February 2026
Co-chair Sarah Breeden opened the session by welcoming attendees to the AI Consortium’s (AIC) third quarterly meeting held virtually. Sarah welcomed new Co-chair David Geale, the FCA’s Executive Direc…
Minutes of the London FXJSC Main Committee Meeting – 27 November 2025
Andrea Rosen (Chair, Bank of England) welcomed David Adams (Morgan Stanley) and Oliver Brennan (BNP Paribas) as guest presenters.
FXJSC Combined Operations and Legal Sub-Committee Meeting
Chairs James Kaye (FXJSC Operations Sub-Committee) and Sharon Blackman (FXJSC Legal Sub-Committee) opened the meeting and welcomed online and in person attendees.
Bank of England enhances resolution readiness with updated operational guides
The Bank of England has today published new and updated guidance on how the Bank might implement the UK’s resolution regime in the event of a bank failure.