Regulatory Insights

Practical analysis of regulatory developments and their implications for governance, documentation and operating models.

Canada fintech regulation article cover illustrating layered regulatory oversight across payments, AML, cryptoassets and cross-border market entry.

From Passporting to Layered Regulation: What Changes When European FinTechs Enter Canada

European fintechs entering Canada face a layered regulatory model rather than a single passportable perimeter. This Regulatory Insight examines how RPAA, FINTRAC and provincial securities requirements can overlap across one operating model.

Swiss AML Reform 2026: Why Beneficial Ownership Transparency Is Becoming an Operating Control

Switzerland’s 2026 AML reform turns beneficial ownership transparency into an operational control. This Regulatory Insight examines the new federal register, expanded AMLA scope for advisers, discrepancy handling, due diligence and supervisory evidence.

PSD3 and PSR article cover illustrating EU payments regulation, authorisation, safeguarding, fraud controls, open banking and governance.

PSD3 and PSR: Why Europe’s New Payments Framework Is More Than a PSD2 Update

PSD3 and PSR will reshape Europe’s payments framework by changing how payment institutions are authorised and how services are delivered. This Regulatory Insight examines the implications for safeguarding, fraud controls, open banking, governance and regulatory evidence.

Tokenised markets article cover illustrating ownership, custody, collateral, settlement money and interoperability across Europe’s financial infrastructure.

From Tokenised Assets to Tokenised Markets: What Europe Needs to Build Between the Ledgers

Tokenisation is moving beyond asset issuance. This Regulatory Insight examines the legal, operational and settlement infrastructure Europe needs to connect ownership, custody, collateral, settlement money and interoperability into a functioning tokenised financial market.

MiCA post-transition article cover showing crypto activity moving between authorised EU platforms, self-custody wallets and activity beyond the regulatory perimeter.

MiCA After the Transition: What Early User Migration Tells Us About Liquidity, Risk and the Regulatory Perimeter

MiCA’s transition changed more than the regulatory status of crypto firms. This Regulatory Insight examines where users and assets may have moved, what that means for liquidity and supervisory visibility, and whether risk has been reduced or simply displaced.

UK Crypto Regulation 2027: Why FCA Authorisation Is More Than a Licensing Exercise

The UK crypto regime is moving firms from a limited AML perimeter into full FCA authorisation. This Regulatory Insight examines the governance, prudential, safeguarding and operational framework firms will need to build behind the application.

RL1 governance article cover illustrating shared DLT infrastructure, financial institutions, network governance and accountability in tokenised finance.

RL1 Goes Live: Why Shared DLT Infrastructure Is a Governance Challenge, Not Just a Technology Project

RL1 brings shared DLT infrastructure into a member-owned governance model. This Regulatory Insight examines decision rights, validator oversight, operational resilience, third-party dependencies and the accountability questions institutions must address when relying on shared infrastructure.

AMLR 2027: Why Updating the AML Policy Will Not Be Enough

AMLR readiness requires more than updating an AML Policy. This Regulatory Insight examines how the emerging EU rulebook will affect risk assessment, customer due diligence, ongoing monitoring, governance, group controls, reporting, systems and operational evidence.

MiCA After Authorisation: ESMA Custody Resilience CSA for CASPs

MiCA After Authorisation: What ESMA’s Custody Resilience CSA Means for CASPs

ESMA's Custody Resilience Common Supervisory Action provides an early indication of supervisory expectations under MiCA. This article explains the practical implications for CASPs, governance, custody arrangements and operational resilience.