One of the biggest challenges in managing regulatory and market structure change isn’t the volume of updates - it’s understanding how they connect. Most firms still track circulars, alerts and publications as standalone events. But increasingly, that’s not how change happens. A coordinated sequence, not a single event A recent rebasing event illustrates this clearly. What made it complex was not the change itself, but how it unfolded - as a coordinated sequence across multipl

2026 sees a significant volume of regulatory change moving through both the EU and UK - across trading venues, clearing houses, market structure and digital assets that will continue into 2027 and beyond. While many initiatives share similar objectives - competitiveness, integration, efficiency - they differ in design and execution. The European Commission has identified competitiveness and cost of capital as a critical challenge for the European Union, noting that “EU capita