Europe Reg Desk

Monday, 2026-10-05 · covering the last 72h

EU & ESMA

No material ESMA or European Commission equity-market rulemaking over the weekend. The draft RTS amendments on settlement discipline supporting the EU's T+1 transition (application from 11 Oct 2027) remain with the European Commission awaiting adoption — no change since Friday's edition. No new ECB rulemaking (SSM supervisory requirements, TARGET2/T2S, collateral framework) in the window.

United Kingdom

No material FCA or Bank of England/PRA rulemaking over the weekend. The FCA's equity consolidated tape and market-transparency consultations CP26/30 and CP26/31 remain open, with comments due 16 Oct — no change since Friday's edition. The Bank of England's September PRA Regulatory Digest (published 1 Oct) carried no equity-market-structure content; no October digest or new FMI rulemaking has appeared yet.

National & exchanges

Spain — CNMV consults on automatic delisting thresholds for thinly-traded equities. The CNMV opened a public consultation on a draft Circular implementing Article 64.2.a) of the Securities Markets and Investment Services Law, setting the disclosure, frequency and trading-volume thresholds under which it may order a listed equity instrument excluded from trading. Under the draft, exclusion can be triggered where, over the prior calendar year, traded cash fails to reach €100,000 or the instrument trades in fewer than 10% of sessions; comments are due 19 October 2026. Draft Circular and consultation notice

No other material news from BaFin/Deutsche Börse, AMF/Euronext, Consob/Borsa Italiana, AFM, SIX, Nasdaq Nordic, or the national central banks (SNB, Riksbank, Norges Bank, Danmarks Nationalbank) in the window.

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