Global Trustee and Fiduciary Services Bite-Sized Issue 4 2026

23 QUICK LINKS CMU CONDUCT CRYPTO ASSETS EMIR FINTECH FUND LIQUIDITY IOSCO OPERATIONAL RESILIENCE SUSTAINABLE FINANCE/ESG T+1 ASIA EUROPE LUXEMBOURG NORTH AMERICA UNITED KINGDOM Global Trustee and Fiduciary Services Bite-Sized | Issue 4 | 2026 The FCA says the statement aims to help firms understand the relevant FCA and ICO expectations around data processing in terms of: • Supporting consumers in vulnerable circumstances; • Sharing vulnerability related data appropriately across the distribution chain; and • Monitoring outcomes for these consumers. The FCA says that setting out these expectations, alongside relevant data protection law requirements and guidance will help firms support consumers in a confident, responsible and compliant way. Link to the Statement here FCA Sets Out Next Phase of Smarter, More Effective Regulation On 26 March 2026, the FCA published its annual work programme 2026/27. The programme outlines the FCA’s initiatives which aim to simplify processes, remove friction where appropriate, and help firms operate more efficiently, while ensuring high standards are maintained across the financial sector. These include: • Integrating AI into regulatory workflows. • Using generative AI to review documents received from firms. • Using a new sandbox environment to test automated data feeds between the FCA and firms. • Investing in smarter case handling. • Expanding the Supercharged Sandbox. • Reducing burdens on firms. • Improving firms’ experience of regulation The FCA also says it will continue to support economic growth, help consumers navigate their financial lives and fight financial crime by: • Unlocking capital investment and liquidity across UK markets. • Further speeding up initial public offering applications. • Expanding its overseas presence to the United Arab Emirates, China and India. • Beginning regulation of deferred payment credit (Buy Now Pay Later). • Creating a single, end-to-end, intelligence-led service. The FCA says its annual work programme 2026/27 provides a clear roadmap of the action it will take over the next 12 months to deliver on its strategy and ensure the UK remains a leading, competitive and well-regulated financial centre. In addition to the work programme the FCA published a consultation on it fees and levies for 2026/27 and its perimeter report for 2026/27, setting out what it sees as the most significant issues at the edge of its remit, including where legislative change may be needed to better protect consumers, markets and support sustained economic growth, including the growing use of general-purpose AI for guidance on borrowing, saving and investing which currently falls outside the FCA’s perimeter and it feels may pose a risk to consumers. Finally, the FCA published all its Regulatory Priorities, with the aim of giving firms a clear view of where the FCA is focusing its efforts in the year ahead. Link toWork Programme here Link to Fees and Levies Consultation here Link to Perimeter Report here Link to Regulatory Priorities here