11 October 2027 is the government-supported first trading date for the UK T+1 transition. HM Treasury has committed to legislate for that date, but its latest published statutory instrument is still draft and subject to affirmative parliamentary approval. Under the draft, UK CSDR Article 5(2) would require in-scope transactions in transferable securities executed on a…
Hong Kong Taxonomy Phase 2A, published by the Hong Kong Monetary Authority on 22 January 2026, expanded the HKMA’s voluntary framework for classifying economic activities as green, transition-aligned or adaptation-aligned. The classification that Phase 1 introduced in May 2024 covered 12 economic activities across four sectors and dealt only with climate change mitigation. Phase 2A…
On 1 July 2026 the three European Supervisory Authorities each opened a consultation on rewriting the Key Performance Indicators that firms disclose under Article 8 of the EU Taxonomy Regulation. ESMA published a Consultation Paper, the European Banking Authority a Discussion Paper, and EIOPA a consultation on the insurance side. All three close on 12…
Strip out your TCFD product report a quarter too early and you have stopped filing something the rulebook still requires. Keep running the full product report for another two years and you are spending budget the FCA now says you can save. That is the live tension created by the FCA climate reporting rules consultation…