The Market Wrap.

Europe Reg Desk

Monday, 2026-09-14 · covering the last 72h

EU & ESMA

No material ESMA, European Commission (DG FISMA) or EBA items in the window.

United Kingdom

FCA and Bank of England publish joint feedback on wholesale-market tokenisation. Feedback Statement FS26/1 summarises roughly 123 responses to the authorities' May 2026 Call for Input, confirms a "same risk, same regulatory outcome" approach and flags near-term work on tokenised collateral — including CCP acceptance of tokenised collateral — ahead of a joint Tokenisation Roadmap due later in 2026. It sets no new binding rule yet but signals the direction of forthcoming FCA/BoE rulemaking on market infrastructure and collateral mobility. FS26/1: Tokenisation in wholesale markets

No other material FCA or Bank of England/PRA rulemaking items in the window.

National & exchanges

No material items from BaFin/Deutsche Börse, AMF/Euronext, Consob/Borsa Italiana, CNMV/BME, AFM, SIX or Nasdaq Nordic in the window. None of the SNB, Riksbank, Norges Bank or Danmarks Nationalbank issued rule-relevant items.

Informational only — summaries of public regulatory and central bank sources; not advice.

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