Welcome to the FinReg Monthly Update, a regular bulletin highlighting the latest developments in UK, EU and U.S. financial services regulation.
Key Developments in February 2026:
United Kingdom
Asset Management / Wealth Management
2 February – Client Categorisation: The UK Financial Conduct Authority's ("FCA") consultation paper (CP25/36) on its proposals to amend the client categorisation and conflicts of interest rules closed to comments. Please refer to our dedicated article on this topic here.
Banking
19 February – UK OPRR: The PRA published a consultation paper on changes to its Rulebook to implement HM Treasury's Overseas Prudential Requirements Regime ("OPRR").
Insurance
27 February – PRA: The PRA announced that it intends to launch the next life insurance stress test ("LIST") exercise in January 2028.