Global | Publication | March 2025
The UK ETS Authority published a consultation paper setting out its proposals for extending the UK ETS scheme under the UK Greenhouse Gas Emissions Trading Scheme Order 2020 beyond the end of Phase I to follow directly into a second phase from 1 January 2031 onward. The consultation also seeks views on the length of the proposed Phase II and whether banking of emissions allowances between Phase I and Phase II should be permitted. Responses to this public consultation are required to be submitted by 23:59 BST on 9 April 2025.
The full consultation can be found here.
Publication
On 1 October 2025, the Dubai Financial Services Authority (DFSA) published Consultation Paper No. 168 (CP168), outlining a series of important proposals aimed at enhancing the regulatory framework for crypto tokens in the Dubai International Financial Centre (DIFC).
Publication
The Dubai Financial Services Authority (DFSA) has published a thematic review examining self-custody arrangements by fund managers (FMs) operating in the Dubai International Financial Centre (DIFC). The review follows a ‘burgeoning’ increase in the number of domestic funds and a growing trend of FMs opting to retain custody of fund property, raising concerns around operational resilience, governance, and investor protection.
Publication
On September 9. 2025, the Financial Services Regulatory Authority (FSRA), the financial services regulator in the Abu Dhabi Global Market (the ADGM), published Consultation Paper No. 9 of 2025 (CP9), outlining a comprehensive proposed regulatory framework for Regulated Activities involving Fiat-Referenced Tokens (FRTs).
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