United Kingdom: Financial Services

DMH Stallard’s Family Department is proud to announce a significant court victory in the recently published authority of KI v SI [2026] EWFC 73 (B), heard before District Judge Peter Hatvany in the Salisbury Financial Remedies Court.

The Institutional Limited Partners Association has released draft guidance that significantly expands disclosure requirements and governance standards for continuation vehicle transactions in private capital markets.

The European Banking Authority has introduced comprehensive new guidelines governing third-party risk management for non-ICT services, fundamentally reshaping how financial institutions must structure and manage their vendor relationships. These guidelines mandate specific contractual provisions and impose strict timelines for compliance, with existing arrangements requiring alignment within two years for critical functions. Financial services entities must now navigate a more prescriptive regulatory framew

The Crime and Policing Act 2026 introduces a universal senior manager attribution test that holds organizations criminally liable for offenses committed by their senior managers. This regime, already in effect since June 2026, poses significant risks for private credit managers whose senior personnel are directly involved in deal approval, portfolio monitoring, and workout activities across UK-connected transactions.

The United Kingdom and United States are constructing a digital finance corridor through the Transatlantic Taskforce for Markets of the Future, moving beyond traditional regulatory frameworks toward practical interoperability. This initiative encompasses cross-border experimentation with tokenised assets, common approaches to settlement finality, stablecoin regulation, and a multi-money ecosystem, raising critical questions about whether Europe's comprehensive regulatory architecture can compete with jurisd

UK banks and financial services firms face both opportunities and risks as AI adoption accelerates. This webinar explores the latest regulatory developments, including the UK Mills Review, and provides practical guidance on contracts, compliance, and governance frameworks. Leading experts from A&O Shearman share board-level insights on managing AI implementation in financial institutions.

The European Parliament has published its negotiating position on SFDR 2.0, setting the stage for trilogue negotiations between the Commission, Parliament and Council. With the asset management industry hoping for relief from the complexities of SFDR 1.0, the Parliament's proposals claim to simplify the regime while maintaining credibility of sustainability-related investments.

On 30th July 2026, the ICO announced that they are working alongside the Financial Conduct Authority (FCA), the Advertising Standards Authority (ASA) and the Solicitors Regulation Authority (SRA) in relation to suspected nuisance marketing linked to car finance mis-selling claims.

The FCA has ended its grace period for Consumer Duty compliance and is now actively using supervisory and enforcement powers to ensure firms deliver good consumer outcomes. With 11 open investigations spanning insurance, pensions, wealth management, and other sectors, plus 382 supervisory interventions in the last financial year, regulators are scrutinizing whether firms have truly embedded Consumer Duty frameworks into their operations. Fair value assessments, vulnerability support, and outcomes monitoring