Regulatory Updates

Regulatory updates from the EBA, ECB, ESMA, FCA, PRA, and other competent authorities, with practical analysis of what changes for reporting teams. Coverage includes EBA framework releases (4.x DPM packages), CRR3 implementation milestones, MiCAR and AML rule developments, sanctions packages, supervisory reporting simplification proposals, CSRD sustainability reporting, and resolution framework changes (CMDI, MREL, SRB consultations). Each article translates the regulator’s announcement into what your firm needs to map, prepare, or change before the deadline. The focus is on banks, fund administrators, payment institutions, CRA-regulated firms, and supervised investment firms across the EU and UK. Use this section to track upcoming compliance deadlines and consultation responses.

Regulatory Updates

ESMA Q&As May 2026: ESG Ratings, MiCAR, and MAR Answers
June 4, 2026July 31, 2026

ESMA’s May 2026 Q&As clarify ESG Ratings Regulation registration, MiCAR white paper exemptions, and MAR audit rules. Operational breakdown for compliance teams.
Regulatory Updates

CSSF T+1 Readiness Survey Deadline 9 June: What Luxembourg Firms Should Submit
June 3, 2026July 31, 2026

The CSSF T+1 readiness survey closes 9 June 2026. What Luxembourg firms should assess, who coordinates the response, and how to build the evidence pack.
Regulatory Updates

ESMA APM Guidelines and IFRS 18: What Changes From 2027
June 3, 2026July 31, 2026

ESMA updated its APM Guidelines Q&A in February 2026 to address the IFRS 18 overlap. What compliance and finance teams should prepare before January 2027.
Regulatory Updates

DORA Resilience Testing for Smaller Firms: What Proportionality Really Allows
May 30, 2026July 31, 2026

DORA resilience testing lets smaller firms scale scope, frequency, and method, but Article 24 excludes microenterprises from the full testing programme.
Regulatory Updates

ECB T2 Extended Hours Roadmap: Liquidity and Reporting Impact for European Banks
May 29, 2026July 31, 2026

ECB published its T2 extended hours roadmap on 28 May 2026. Three short-term measures land by mid-2028. What treasury and reporting teams should map now.
Regulatory Updates

ESMA T+1 Settlement Consultation: What EU Firms Must Change in Allocations and Confirmations
May 27, 2026July 31, 2026

ESMA consults on mandatory electronic allocations and confirmations under T+1 settlement. Key deadlines, scope, and operational readiness steps for EU firms.
Regulatory Updates

DORA TLPT: What Designated Entities Must Prepare Now
May 25, 2026July 31, 2026

DORA TLPT under Articles 26-27: designated entities must run threat-led penetration tests every three years. Scope, phases, purple teaming, preparation.
Regulatory Updates

EU AI Act Compliance for European Financial Institutions: Reporting and Governance Obligations
May 24, 2026July 31, 2026

EU AI Act compliance obligations for banks, insurers, and investment firms. Covers prohibited practices, high-risk AI, deployer duties, and the 2026 timeline.
Regulatory Updates

European Commission MMF Regulation Review: What Fund Administrators Should Watch
May 21, 2026July 31, 2026

The European Commission MMF Regulation review introduces WLA resilience benchmarks. What Luxembourg fund administrators and ManCos should monitor next.
Regulatory Updates

AIFMD II Annex IV: Building the New Leverage Calculation Template for EU AIFMs
May 17, 2026July 31, 2026

A practical EU AIFM guide to AIFMD II Annex IV leverage reporting, gross and commitment method data, ESMA RTS timing, and template-build controls for 2027.