Recent News
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PRA publishes policy statement in relation to Overseas Prudential Requirements Regime
On 14 July 2026, the Prudential Regulation Authority (PRA) published a policy statement PS16/26) in relation to rule changes rule changes to accommodate HM Treasury’s (HMT’s) Overseas Prudential Requirements Regime (OPRR).BackgroundCP3/26 set out proposed...
PRA publishes consultation paper on Ring-fenced bodies: Changes to the continuity of provision of services rules
On 14 July 2026, the Prudential Regulation Authority (PRA) published a consultation paper setting out its proposal to delete the Continuity of Provision of Services Chapter in the Ring-fenced Bodies Part of the PRA Rulebook, make certain consequential changes to that...
House of Commons Treasury Committee report on the financial inclusion strategy
On 14 July, the House of Commons Treasury Committee (the Committee) published a report on HM Treasury’s (HMT’s) financial inclusion strategy.BackgroundThe committee previously launched this inquiry on 28 November 2025 to examine whether the...
European Commission adopts Delegated Regulation on transparency requirements under MiFIR
On 13 July 2026, the European Commission adopted a delegated regulation setting out three sets of regulatory technical standards (RTS) relating to transparency requirements for trading venues and investment firms in respect of derivatives, package orders, and input...
Navy awards $2.2 billion for first of new class of amphibious ships
The Navy has awarded Florida-based Tote Services a $2.2 billion contract to manage construction of the service’s newest class of amphibious landing craft, marking the first time vessels will be built under a new process intended to speed up shipbuilding.
Riders That Fight Each Other
Life insurance policies are often customized with additional features meant to improve flexibility or protection. But in practice, these features can introduce rider conflicts that work against each other. What looks like a well-rounded policy on paper can become a...
Congress Considers Further FOCI Reforms as DoW Moves to Expand Disclosure Requirements for Unclassified Defense Contractors
The public comment period for the long-awaited Defense Federal Acquisition Regulation Supplement (“DFARS”) proposed rule, “Mitigating Risks Related to Foreign Ownership, Control, or Influence” (the “proposed DFARS FOCI rule”),...
Fort Carson’s new shuttle service gains immediate traction
Soldiers, family members and Army civilians can download an app to request a ride in a branded, 15-passenger van to hundreds of locations across post.
Major veterans package edges closer to a House vote
The Take Care of America’s Veterans Act bundles together more than 60 veterans bills, including the Major Richard Star Act.