On 4 December 2025, the Office of Trade Sanctions Implementation (the "OTSI") published its first annual review. Although the OTSI has publicly been relatively quiet since launching in late 2024, given its focus on trade-based restrictions, at a time when there is an increase in international trade controls restricting supply chains and sales channels, now is a good moment to examine its impact to date.

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The FCA has issued final rules for its new retail product disclosure regime: PS25/20: Supporting informed decision making: Final rules for Consumer Composite Investments.  The regime will supersede the existing UK PRIIPs KID and UK UCITS KIID disclosure obligations and is intended to usher in a more harmonised, flexible, proportionate and consumer friendly disclosure regime.  Those who have been following the consultation process are likely to be pleasantly surprised as the FCA has listened to feedback in a number of areas.

Less red tape and a simpler path to compliance - particularly for smaller businesses. Fostering innovation, AI, and data-driven growth, while not compromising fundamental rights.

The UK government has recently introduced the Cyber Security and Resilience (Network and Information Systems) Bill to Parliament, with the objective of strengthening the UK’s defences against cyber threats to systems most critical to daily life. Once in force (many of the substantive reforms will require secondary legislation to be brought into effect), this legislation will extend direct regulation to a broader range of organisations underpinning essential services and key digital services in relation to cyber compliance – including data centres, managed service providers and specifically designated "critical suppliers".