Regulatory Calendar

Comments are due on the Fed's proposal to create non-interest-bearing special-purpose payment accounts distinct from master accounts.

Comments are due 27 July 2026 on the CFTC's request on extending standard futures to 24/7 trading and on perpetual contracts.

The open MAS consultation on Technology Risk Management Notice amendments closes at 11.30pm on 31 July 2026.

The AI Act becomes fully applicable on 2 August 2026, two years after entry into force.

ESMA consultation on money market fund stress test guidelines closes 6 August 2026.

EBA consultation on RTS for specialised lending exposures closes 7 August 2026.

ESMA consultation on technical guidance for taxonomy disclosure KPIs closes 12 August 2026.

Strengthened VASP registration, soundness and AML requirements are slated to take effect on 20 August 2026.

Responses to the FATF's Recommendation 16 payment transparency guidance consultation are due by Friday 21 August 2026.

Comments are due on the stablecoin issuer customer identification programme proposal by 21 August 2026.

The comment period on the virtual asset vishing refund decree closes on 24 August 2026.

Comments are due 24 August 2026 on the joint SEC-CFTC request on the further definition of swap and security-based swap and alternative compliance.

Comments are due 31 August 2026 on the joint SEC-CFTC request on further implementation of portfolio margining and cross-margining.

EBA consultation on benchmarking approaches for 2027 market risk own funds requirements closes 3 September 2026.

Responses to the ring-fencing reform consultation are due by 11.59pm on 8 September 2026.

Banca d'Italia opened a consultation on 14 July 2026 on updated statistical and supervisory reporting, closing 14 September 2026.

All agencies and persons subject to Federal Decree-Law No. 6 of 2025 (in force 16 September 2025) must reconcile their positions with its provisions within one year, by 16 September 2026; the CBUAE board may extend the period.

Responses to PRA CP9/26 on the Basel 3.1 internal model approach for market risk are requested by 18 September 2026.

Feedback on the Bank's draft systemic stablecoin Code of Practice is due by 22 September 2026; the Bank intends to finalise the Code by the end of 2026.

EBA consultation on the methodology for setting fines under MiCA closes 28 September 2026.

The application window for cryptoasset authorisations under the new FSMA regime opens on 30 September 2026.

Card surcharging on debit, prepaid and credit cards ends and reduced domestic interchange caps take effect on 1 October 2026 under the Payments System Board's conclusions.

By 1 October 2026 card issuers must establish validation mechanisms for non-recurring cross-border card-not-present transactions and apply risk-based authentication.

The decree extending vishing loss refunds to virtual assets is slated to take effect on 1 October 2026.

The amended act bringing virtual asset vishing within the anti-fraud regime takes effect in October 2026.

Following the Frontier Economics evaluation published 1 July 2026, the PSR says it will consult before the end of 2026 on improving consistency in how the reimbursement policy is applied.

The FCA has committed to consult on a long-term regulatory framework for open banking commercial variable recurring payments by the end of 2026, subject to legislation granting new powers.

Joint FDTA data standards for interoperable financial regulatory data take effect on 1 October 2026.

Responses to HM Treasury's payment services modernisation consultation are due by 11.59pm on 6 October 2026.

Responses to PRA CP10/26 on the ring-fenced bodies continuity of services rules are requested by 14 October 2026.

Existing providers must file their authorisation request with the BCB within 270 days of the framework's entry into force; foreign platforms must move operations into a local entity in the same window.

Existing virtual asset service providers must comply with the Act within one year of its 4 November 2025 commencement; CBK licenses wallets, processors and stablecoin issuance, the CMA licenses exchanges and brokers.

Member states must provide EU Digital Identity Wallets to citizens by the end of 2026.

During 2027 AMLA is due to select the roughly 40 obliged entities it will directly supervise, ahead of direct supervision starting in 2028.

Switzerland's CARF-based crypto AEOI will not apply in 2026; implementation is 1 January 2027 at the earliest, pending parliamentary approval of the partner jurisdictions.

CP 167 amendments aligning the DFSA Rulebook with the Basel Core Principles come into force on 1 January 2027.

The bulk of the retained Capital Requirements Regulation is revoked on 1 January 2027, clearing the way for the PRA's Basel 3.1 rulebook.

The PRA's Basel 3.1 rules, made on 13 January 2026, come into force on 1 January 2027, replacing the revoked CRR capital requirements.

The Bank says the finalised regime will allow regulated stablecoins to operate in the UK from 2027.

Non-euro-area PSPs must be able to receive instant euro credit transfers, with charges no higher than for standard credit transfers, by 9 January 2027.

TPR firms have six months from the 15 July 2026 regulation day to apply for full FCA authorisation.

The GENIUS Act stablecoin framework takes effect, banning unpermitted payment stablecoin issuance and activating the federal licensing regime.

NYDFS says the final regulation will take effect simultaneously with the GENIUS Act, with a one-year transition for existing New York-licensed issuers.

A further tranche of the 2026 MLR amendments comes into force on 1 February 2027 under the staged commencement in regulation 1.

Applications under the savings provisions window must be in by 28 February 2027 for firms to continue operating into the new regime.

The interchange cap on foreign-issued cards and some payment cost transparency measures take effect on 1 April 2027.

The second rung of the open banking compliance ladder falls on 1 April 2027 under section 1033.121(c) of the final rule.

The DAF Act, bringing digital asset platforms and tokenised custody platforms into the AFS licensing regime, commences on 9 April 2027.

Euro-area payment institutions and e-money institutions must send and receive instant euro credit transfers by 9 April 2027.

ASIC's INFO 225 class no-action position for digital asset businesses expires in June 2027, shortly after the DAF Act commences.

Non-euro-area PSPs must send instant euro credit transfers and offer the verification-of-payee service by 9 July 2027.

The single-rulebook Anti-Money Laundering Regulation (EU) 2024/1624 applies from 10 July 2027.

AMLD6 (Directive 2024/1640) rules apply from 10 July 2027, on a phased transposition schedule.

The full UK cryptoasset regulatory regime applies from 25 October 2027, when the new regulated activities and conduct, prudential and market abuse rules take effect.

Final stablecoin issuance and cryptoasset custody rules, including safeguarding of backing assets, apply to authorised firms from 25 October 2027.

The substituted Schedule 6B aligning MLR change-of-control notice categories with the new cryptoasset regime applies in full from 25 October 2027.

Under the Commission's AI omnibus simplification proposal, rules for certain high-risk AI systems would apply from 2 December 2027 rather than 2 August 2026.

The G20 cross-border payments roadmap targets fall due at end-2027; the FSB Plenary has noted they are unlikely to be met and called for jurisdictional action plans.

During 2027 firms must not apply the new internal model approach provisions for market risk; the transitional period runs from 1 January to 31 December 2027.

AML/CFT programme and suspicious activity reporting obligations for investment advisers now take effect on 1 January 2028 after a two-year delay.

The third rung of the open banking compliance ladder falls on 1 April 2028 under section 1033.121(c).

The fourth rung of the open banking compliance ladder falls on 1 April 2029 under section 1033.121(c).

The final compliance tier of the open banking rule requires the smallest covered institutions to comply by 1 April 2030.