AMLA sets an EU risk standard for trustees; UK regulators move to unify reporting
AMLA consults on an EU-wide risk framework for trustees and company service providers
The EU's new Anti-Money Laundering Authority has opened consultation on draft technical standards that would set a single EU-wide methodology for rating the money-laundering and terrorist-financing risk of trustees, other fiduciary providers, and company service providers, issued under the sixth Anti-Money Laundering Directive. Malta's MFSA circulated the consultation to its licensed trust and corporate-services sector, noting that smaller, less complex providers would face a scaled-down data-collection burden. Application is proposed to begin 31 December 2028, with written feedback due 27 September 2026.
Implications for capital — Structures administered through EU trust and company-service-provider vehicles should expect a standardised risk-rating and data-collection regime to eventually replace today's varying national approaches, though the multi-year runway leaves time to adapt before it applies.
FCA and Bank of England launch a taskforce to unify UK transaction reporting
The FCA and Bank of England have appointed senior figures from major banks, asset managers and market-infrastructure providers to a new Transaction and Post-trade Reporting Harmonisation Taskforce. Working through separate policy, strategy and architecture groups, the taskforce will inform the regulators' long-term approach to aligning reporting requirements that currently sit across three distinct regimes: UK MiFIR, UK EMIR and UK SFTR.
Implications for capital — Firms reporting derivatives, securities-financing and transaction data under the UK's parallel regimes should expect the long-term direction to move toward a single harmonised framework, though the taskforce has not yet proposed specific rule changes.
Source: Financial Conduct Authority