NRF Global Regulation Tomorrow Podcast

This podcast mini-series on the ‘UK Asset Management Framework Reforms’ examines the FCA’s highly anticipated consultation papers published on 14 July 2026, setting out a proposed a package of reforms intended to tailor requirements more proportionately for asset managers. This podcast in the series focuses on chapter 6 of CP26/28 which covers risk management.Contacts: Lucy Dodson, Hannah Meakin, Simon Lovegrove

This podcast mini-series on the ‘UK Asset Management Framework Reforms’ examines the FCA’s highly anticipated consultation papers published on 14 July 2026, setting out a proposed a package of reforms intended to tailor requirements more proportionately for asset managers. This podcast in the series focuses on chapter 7 of CP26/28which covers liquidity risk management.Contacts: Lucy Dodson, Hannah Meakin, Simon Lovegrove

This podcast mini-series on the ‘UK Asset Management Framework Reforms’ examines the FCA’s highly anticipated consultation papers published on 14 July 2026, setting out a proposed a package of reforms intended to tailor requirements more proportionately for asset managers. This podcast in the series focuses on further proposals in CP26/28, chapters 13 and 14, which covers depositaries and prime brokers.Listen to this episode here.  Contacts: Lucy Dodson, Saaraa Alimahomed, Simon Lovegrove

This podcast mini-series on the ‘UK Asset Management Framework Reforms’ examines the FCA’s highly anticipated consultation papers published on 14 July 2026, setting out a proposed a package of reforms intended to tailor requirements more proportionately for asset managers. This podcast in the series focuses on further proposals in CP26/28, including the FCA's proposed approach to how AIFMs operate day-to-day: Chapter 4 on Valuation, Chapter 5 on Leverage Calculations, and Chapter 8 on Delegation.   Listen to this episode here.   Contacts: Hannah Meakin, Lucy Dodson, Charlotte Carnegie  

This podcast mini-series on the ‘UK Asset Management Framework Reforms’ examines the FCA’s highly anticipated consultation papers published on 14 July 2026, setting out a proposed a package of reforms intended to tailor requirements more proportionately for asset managers. This podcast in the series focuses on further proposals in CP26/28, including the FCA's proposed approach to how the regime will apply in relation to cross-border marketing under the national private placement regime (NPPR) in Chapter 12 and on the discussion paper section in chapter 16, which considers whether the existing business restriction on AIFMs should be retained.

This podcast examines the FCA’s highly anticipated policy statement (PS26/15) on improving the UK transaction reporting regime. This follows from a consultation paper (CP25/32) on the same topic that was published back in November 2025. The policy statement comes within the context of HM Treasury’s intention to repeal UK MiFIR - the retained version of the EU MiFIR regime and the FCA has been enabled to lay down the detailed rules for the transaction reporting framework that replaces the old retained regime.

In the latest episode of our Employment Rights Act 2025 podcast series, Amanda Sanders and Emily Bailey explore the changes to discrimination and harassment in the workplace coming into force in October 2026 and how this impacts employers now and what they should be doing to prepare.

In our podcast mini-series on the UK Asset Management Framework Reforms, we examine the FCA’s highly anticipated consultation papers published on 14 July 2026. These papers set out a proposed package of reforms intended to tailor requirements more proportionately for asset managers. This episode focuses on the proposed reforms to annual reporting, as set out in CP26/28.

In the latest edition of our global podcast series, Future of Payments, Matthew Shanahan and Ratul Roshan cover recent market and regulatory developments in the UAE and Saudi Arabia including the expansion of the  Jaywan scheme and the third phase of open banking.

This podcast mini-series on the ‘UK Asset Management Framework Reforms’ examines the FCA’s highly anticipated consultation papers published on 14 July 2026, setting out a proposed a package of reforms intended to tailor requirements more proportionately for asset managers. This podcast in the series focuses on the FCA's proposed approach to looking at the FCA's Consultation Paper CP26/27, which proposes an overhaul of the remuneration rules for FCA solo-regulated firms, including AIFMs, UCITS management companies and MIFIDPRU investment firms.  Listen to this episode here.  Contacts: Hannah Meakin, Lucy Dodson, Charlotte Carnegie

This podcast mini-series on the ‘UK Asset Management Framework Reforms’ examines the FCA’s highly anticipated consultation papers published on 14 July 2026, setting out a proposed a package of reforms intended to tailor requirements more proportionately for asset managers. This podcast in the series focuses on the FCA's proposed approach to investor disclosures set out in Chapter 10 of CP26/28.   Listen to this episode here.  Contacts: Hannah Meakin, Lucy Dodson, Charlotte Carnegie

In this podcast regulatory lawyers Katie Stephen and Rebecca Dulieu are joined by employment and labour lawyer Paul Griffin, to discuss some of the key questions they have been asked by clients in looking at the implementation of the new FCA Rule and guidance on non-financial misconduct.

In the latest episode of our Employment Rights Act 2025 podcast series, Ben Wright and Fiona Campbell explore the changes to the unfair dismissal regime coming into force on 1 January 2027 and how this impacts employers now and what they should be doing to prepare.

In this latest podcast in our mini-series on artificial intelligence we consider recent regulatory developments in Australia. In particular, we draw on a series of recent and very significant regulatory developments — including APRA's letter to industry on AI, published on 30 April 2026, ASIC's own work on AI governance and cyber resilience, and the Federal Court's liability judgment in ASIC v Bekier, handed down by Justice Lee in March this year.

This podcast mini-series on the ‘UK Asset Management Framework Reforms’ examines the FCA’s highly anticipated consultation papers published on 14 July 2026, setting out a proposed a package of reforms intended to tailor requirements more proportionately for asset managers. This podcast in the series focuses on the FCA's proposed approach to firm size thresholds and residual collective investment scheme (CIS) operators.   Listen to this episode here.  Contacts: Hannah Meakin, Lucy Dodson, Charlotte Carnegie  

This podcast marks three years since the Consumer Duty (the Duty) came into force for on-sale products and services. In this podcast, we discuss what we have been seeing through our work in terms of the impact of the Duty over those years. The podcast can be navigated as follows:Impact of the Duty on the Financial Conduct Authority’s work: 00:53How the Duty has changed the way that firms organise themselves and conduct business with retail customers: 10:27Key lessons learned from intervention and enforcement action relating to the Duty: 23:11Future changes to the Duty: 29:41Key message: 37:47

Our podcast mini-series on ‘Crypto under the FCA’ examines the FCA’s highly anticipated policy statements published on 30 June 2026, which collectively shape the new regulatory regime for cryptoassets in the United Kingdom. This podcast in the series focuses on the FCA's approach to staking, we compare the FCA’s consultation proposals in CP25/40 and CP26/4 with the final rules and policy position in PS26/11. We look at what changed, why the FCA changed course in some areas, and what practical questions firms should now be asking.

Our podcast mini-series on ‘Crypto under the FCA’ examines the FCA’s highly anticipated policy statements published on 30 June 2026, which collectively shape the new regulatory regime for cryptoassets in the United Kingdom. This latest podcast in the series focuses on the FCA's new crypto authorisation application forms as the FCA has published detailed information about what firms will need to complete and submit when the gateway opens on 30 September 2026  Listen to this episode here.  Contacts: Hannah Meakin, Janna Garcia, Victoria Pridmore

 Our podcast mini-series on ‘Crypto under the FCA’ examines the FCA’s highly anticipated policy statements published on 30 June 2026, which collectively shape the new regulatory regime for cryptoassets in the United Kingdom. This podcast in the series focuses on the FCA's approach to operational resilience, one of the core cross-cutting requirements the FCA has finalised for all cryptoasset firms entering the new regime  Contacts: Haney Saadah, Janna Garcia

Our podcast mini-series on ‘Crypto under the FCA’ examines the FCA’s highly anticipated policy statements published on 30 June 2026, which collectively shape the new regulatory regime for cryptoassets in the United Kingdom. This podcast in the series focuses on the FCA's approach to the new Admissions & Disclosures and Market Abuse Regime for Cryptoassets and the detailed rules which the FCA has confirmed in Policy Statement 26/9.

Our podcast mini-series on ‘Crypto under the FCA’ examines the FCA’s highly anticipated policy statements published on 30 June 2026, which collectively shape the new regulatory regime for cryptoassets in the United Kingdom. This latest podcast in the series looks specifically at how the Consumer Duty applies to cryptoasset firms.  Contacts: Matthew Gregory, Victoria Pridmore, Simon Lovegrove

Our podcast mini-series on ‘Crypto under the FCA’ examines the FCA’s highly anticipated policy statements published on 30 June 2026, which collectively shape the new regulatory regime for cryptoassets in the United Kingdom. This latest podcast in the series focuses on custody and six key themes - trust arrangements, delegation, reconciliations, settlement float, private key management, and the treatment of specified investment cryptoassets.  Contacts: Jonathan Herbst, Hannah Meakin, Simon Lovegrove

Our podcast mini-series on ‘Crypto under the FCA’ examines the FCA’s highly anticipated policy statements published on 30 June 2026, which collectively shape the new regulatory regime for cryptoassets in the United Kingdom. This third podcast in the series focuses specifically on the new prudential requirements.  Contacts: Jonathan Herbst, Victoria Pridemore  

Our podcast mini-series on ‘Crypto under the FCA’ examines the FCA’s highly anticipated policy statements published on 30 June 2026, which collectively shape the new regulatory regime for cryptoassets in the United Kingdom. This second podcast in the series focuses on the FCA's approach to international cryptoasset firms, in particular the position it has taken for qualifying cryptoasset trading platforms or "QCATPs" setting up a branch in the UK.  Contacts: Hannah Meakin, Haney Saadah

Global Regulation Tomorrow Plus – Crypto under the FCA - Custody   Our podcast mini-series on ‘Crypto under the FCA’ examines the FCA’s highly anticipated policy statements published on 30 June 2026, which collectively shape the new regulatory regime for cryptoassets in the United Kingdom. This latest podcast in the series focuses on custody and six key themes - trust arrangements, delegation, reconciliations, settlement float, private key management, and the treatment of specified investment cryptoassets.  Contacts: Jonathan Herbst, Hannah Meakin, Simon Lovegrove  

In our latest podcast episode on the Consumer Duty, we unpack FCA consultation paper 26/23 — a pivotal paper that could reshape how firms approach about the Duty's reach. We explore the FCA's proposals on scope and application, break down the proposals regarding proportionality, and examine the proposed expectations around principal and secondary manufacturers.

Our podcast mini-series on ‘Crypto under the FCA’ examines the FCA’s highly anticipated policy statements published on 30 June 2026, which collectively shape the new regulatory regime for cryptoassets in the United Kingdom. This first podcast in the series focuses specifically on the regulatory aspects governing cryptoasset trading.Contacts: Jonathan Herbst, Hannah Meakin, Simon Lovegrove

In this latest episode of our Split the Difference podcast series, where we look into regulatory divergence in the markets space, we examine the commodity derivatives regime and the growing divergence between the UK and EU frameworks focussing on five critical areas: the position limits regime, position management controls, exemptions, position reporting and the ancillary activities exemption.

In this podcast episode, Simon Lovegrove is joined by Peter McBurney, a consultant and Professor of Computer Science, and Matthew Gregory, a partner in NRF's London financial services team, to examine the FCA's Emerging Technology Horizon Scan 2026 — the regulator's first external publication of its kind.  The report explores how converging technologies are reshaping financial services, structured around three scenarios: Personalised Intelligence, Synthetic Insecurity and Programmable Finance.The FCA's paper is an ideal document for financial institutions to review as part of a strategy day, given that it provides a structured framework for thinking about plausible futures and their implications for product design, compliance, market structure and competitive positioning.  Norton Rose Fulbright regularly supports boards and senior leaders in financial services firms in the facilitation of strategic planning and structuring, and in the evaluation of legal and regulatory risks. A structured series of sessions exploring the risks and opportunities described in the FCA’s Emerging Technology Horizon Scan could assist firms during an away day by facilitating discussion around the legal, regulatory and operational considerations, helping institutions translate the FCA's foresight analysis into actionable strategic and compliance priorities.

In the latest episode of our Let’s talk asset management series, Hannah Meakin, Lucy Dodson and Charlotte Carnegie discuss the FCA’s recent policy statement on progressing fund tokenisation, which introduces new guidance intended to support firms seeking to launch tokenised authorised funds and brings into force rules  that would permit firms to use a new direct dealing model for authorised funds. 

In the latest edition of Global Regulation Tomorrow Plus, Simon Lovegrove is joined by Robert Langmuir and Flupke van den Bogart from our Brussels Government Relations and Public Policy team to discuss the European Commission's forthcoming report on banking competitiveness, exploring what it might mean for the future shape of EU banking regulation.  

In the latest edition of our global podcast series, Future of Payments, James Morris and Simon Lovegrove continue their discussion on Australia's payment services reforms focussing on the proposed safeguarding regime.

In this latest episode of our podcast series, Split the Difference, we continue exploring the differences and similarities between cryptoasset authorisation in the UK and the EU. Part 1 focused on structure and scope. In this Part 2 we turn our attention to authorisation and supervision.  

In the latest episode of our Global Regulation Tomorrow Plus mini-series on artificial intelligence in financial services, host Simon Lovegrove and Professor Peter McBurney examine the practicalities of embedding AI agents into existing business workflows, exploring the technical and organisational challenges that businesses face when moving from experimentation to real-world deployment. This episode is a valuable primer for board members who may not be familiar with AI, helping to demystify the technology and equip decision-makers with the understanding they need to oversee its responsible adoption.  

In the latest episode of our Global Regulation Tomorrow Plus mini-series on artificial intelligence in financial services, host Simon Lovegrove is joined by Professor Peter McBurney to explore the growing intersection of artificial intelligence and blockchain technology, examining how distributed ledgers can provide the transparency, and accountability needed when AI agents operate autonomously in financial transactions. The discussion touches on supply chain finance and smart contracts governing agent behaviour. This episode is a valuable primer for board members who may not be familiar with AI, helping to demystify the technology and equip decision-makers with the understanding they need to oversee its responsible adoption.  

In the latest episode of our Global Regulation Tomorrow Plus mini-series on artificial intelligence in financial services, host Simon Lovegrove is joined by Professor Peter McBurney to explore the provocative question of whether Large Language Models truly think or merely simulate reasoning. Drawing on examples from AI history and current research, they examine the practical implications for businesses deploying AI, including the risks of hallucination and the importance of human oversight. The discussion also touches on the regulatory landscape, including the EU AI Act, and offers practical guidance for organisations navigating the use of LLMs in high-stakes settings. This episode is a valuable primer for board members who may not be familiar with AI, helping to demystify the technology and equip decision-makers with the understanding they need to oversee its responsible adoption.

This podcast is the third in a mini-series discussing risk assessments, which are the cornerstone of an effective risk and compliance program and necessary in a number of areas to meet UK regulatory requirements. This third podcast takes a more focussed look at risk assessments for operational resilience. Look out for further updates in this series on our Global Regulation Tomorrow blog and podcast page.

In our podcast series, Let’s talk asset management, partners from our financial services and asset management teams provide listeners with a crash course on one or more hot topics in the asset management sector. By doing this, listeners will be able to build their knowledge and get insights on recent regulatory developments and market trends.In the latest episode we discuss the FCA's recent publication on improving applications for authorization and some of the common pitfalls and good practices identified by the regulator.

In the latest edition of our global podcast series, Future of Payments, James Morris, Shen Low and Simon Lovegrove take us through some very significant reforms to Australia's payment services regulatory framework following the publication of four new Bills including the Treasury Laws Amendment Bill 2026: Payments System Modernisation and what firms can do to navigate the changes.

In the latest edition of our podcast series, Split the Difference, Mark Highman, Stephen Ariyan, Hannah Meakin and Simon Lovegrove compare the US and UK regulatory approaches to Prediction Markets and Events Contracts

In the first episode of our Future of Payments mini-series, we are joined by EU colleagues who discuss the Payment Services Directive 3 and the Payment Services Regulation. Together, we explore five key topics that are front of mind for the industry right now – fraud, transparency and consumer protection, supervision, MiCA, and the all-important question of timing.  

This episode of Global Regulation Tomorrow Plus is the third in a three-part mini-series in which Jonathan Herbst, Georgia Karamani and Simon Lovegrove discuss how financial services firms can build regulatory and operational resilience amid the geopolitical landscape. This third episode covers governance – governance and accountability, remote working, entity strategy, rapid response and horizon scanning.

This episode of Global Regulation Tomorrow Plus is the second in a three part mini-series in which Jonathan Herbst, Georgia Karamani and Simon Lovegrove discuss how financial services firms can build regulatory and operational resilience amid the geopolitical landscape. This second episode covers trading issues – physical markets and underlying, operational resilience and cyber protection, contingency planning and wind-down.

This episode of Global Regulation Tomorrow Plus is the first in a three part mini-series in which Jonathan Herbst, Georgia Karamani and Simon Lovegrove discuss how financial services firms can build regulatory and operational resilience amid the geopolitical landscape. This first episode covers prudential related issues – mapping exposures, stress testing and reviewing internal capital and liquidity frameworks. 

In the latest episode of Global Regulation Tomorrow Plus, Matthew Gregory and Simon Lovegrove discuss HM Treasury’s recent consultation on reforms to the Appointed Representatives regime. In particular, the discussion touches on five key areas - scope, the gateway, grandfathering, Senior Managers Regime, and the Financial Ombudsman Service.

In the third episode of our Global Regulation Tomorrow Plus mini-series on artificial intelligence in financial services Professor Peter McBurney provides his thoughts on Agentic AI and its opportunities and risks.

  In the latest episode of our Global Regulation Tomorrow Plus mini-series on cryptoassets we discuss FCA CP26/4: Application of FCA Handbook for regulated cryptoasset activities – part 2.In CP26/4 the FCA is consulting on how the Consumer Duty will apply to cryptoasset firms, supported by additional non-Handbook guidance, so firms deliver good outcomes for retail customers.It also covers Redress and Dispute Resolution (DISP) – the FCA’s approach to complaints handling and redress, ensuring consumers have clear routes to resolve issues. Plus Conduct of Business Standards (COBS) – applying key conduct rules to cryptoasset activities, so firms act fairly and transparently.