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Financial Services—other developments (18/8/2025)

A round-up of other developments, which have not been covered in full by the LexisNexis Financial Services practical guidance team but may nevertheless be of interest.

ESMA publishes updated registration guide for expanded supervisory mandate

The European Securities and Markets Authority (ESMA) has published an updated guide detailing registration requirements across its expanding supervisory mandate. The guide, released on 14 August 2025, covers registration processes for credit rating agencies, trade repositories, benchmark administrators, data reporting services providers, external reviewers under EU Green Bond Regulation (EU) 2023/2631, and environment, social and governance (ESG) rating providers under ESG Rating Regulation (EU) 2024/3005. ESMA will begin accepting endorsement applications for benchmarks from 1 October 2025, ahead of assuming supervision of endorsed benchmarks on 1 January 2026. Technical standards for external reviewers are awaiting European Parliament and Council non-objection, while ESG rating provider standards are under development.

How Supreme Court ruling limits scope of motor finance claims

Law360, Expert analysis: On 1 August 2025, the UK Supreme Court delivered its much-anticipated judgment in the motor finance commission test cases of Johnson v FirstRand Bank Ltd, Wrench v FirstRand Bank Ltd and Hopcraft v Close Brothers Ltd [2025] UKSC 33. Tom Grodecki, Suzanne Bell and Robert Cannon, partners at Cadwalader Wickersham & Taft LLP, examine the implications of this landmark ruling while addressing the scope of motor finance claims and commission arrangements in the UK automotive finance sector. The article was prepared with contributions from fellow Cadwalader partners Sabah Nawaz and Bevis Metcalfe.

Charity director avoids prison in terrorism sanctions case

Law360, London: The director of a charity sanctioned for her ties to a pro-Hamas news outlet was given a suspended prison sentence on 13 August 2025 in the first prosecution of an individual for failing to adequately respond to a request for information by Britain's sanctions enforcer.

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What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a

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