Global Trustee and Fiduciary Services Bite-Sized Issue 7 2026

19 AI CRYPTOASSETS CYBER DORA IOSCO MONEY MARKET FUNDS SUSTAINABLE FINANCE/ESG ASIA PACIFIC AUSTRALIA EUROPE IRELAND LUXEMBOURG NORTH AMERICA UNITED KINGDOM Global Trustee and Fiduciary Services Bite-Sized | Issue 7 | 2026 Quick Links 2. Shift the SEC’s regulatory practices to increase stakeholder engagement, facilitate compliance efforts of market participants, and effectively return its enforcement approach to Congress’ original intent . The SEC explains that this goal seeks to increase staff engagement with business and industry groups while restoring an enforcement approach that polices violations of established law such as fraud and manipulation rather than expanding regulatory reach through ad hoc enforcement actions. 3. Optimize the SEC’s operational efficiency by enhancing its organizational structure, modernizing its technology, reforming employee performance management, and implementing robust internal performance reporting that incorporates accountability for resources and program success . The SEC says that this goal prioritizes technology modernization as a critical enabler of regulatory effectiveness. A comprehensive review of legacy systems – such as EDGAR – and the adoption of secure, scalable infrastructure will enhance data integrity, reduce operational risk, and support advanced analytics. Also, that the responsible use of artificial intelligence and blockchain technologies can further improve oversight, reduce costs, and unlock new efficiencies. Link to Draft Strategic Plan Fiscal Years 2026-2030 here UNITED KINGDOM FCA Publishes Consultation on Simplifying Consumer Investment Disclosures On 2 July 2026, the Financial Conduct Authority (FCA) published CP26/24 on ‘Simplifying Consumer Investment Disclosures’. The FCA explains that it is proposing to simplify how platforms, advisers and wealth managers communicate the costs of investing while reminding firms to communicate with consumers about investing in plain English. The FCA says that this move will bring all investment cost disclosures into line with previous investment product disclosure reforms and create a more consistent framework for firms to give customers clearer, more useful information. The FCA also states that the proposals will allow firms to innovate, test and compete to inform and engage retail investors, communicate clearly in plain English, not jargon and give information in engaging ways. It says that this will also help consumers compare products more easily and invest with greater confidence, supporting a stronger investment culture. Under its proposals, the FCA says that distributors would present their own costs alongside product costs consistent with the Consumer Composite Investments (CCI) format when selling products, and account regularly for the total cost of investing. The FCA adds that the proposals also cover firms’ disclosures to consumers when they charge fees or pay interest on client cash. The deadline for responses is 21 August 2026 . Review of disclosure documents In the same press release, the FCA reiterated that from June next year, firms will need to follow its CCI rules. And to support firms making this change, the FCA also published the results from its review of current pre-sale investment disclosures documents, which will need to be updated as firms embed the CCI rules. The FCA states that the review found that of 132 examined for readability, only 6%were written in plain English. The FCA says that it also looked at these and a further 40 documents, from firms that both manufacture and distribute products, to see how easy they were to understand. The FCA found that all the documents were more complex than GCSE level. The FCA says that it will continue to work with industry to embed the CCI rules to make sure consumers have clear information to make better informed investment decisions. Link to CP26/24 here Link to Reviewof HowWell Pre-sale Investment Disclosure DocumentsWork for Consumers here