2026 Issues

2025 Issues

2024 Issues 

2023 Issues

A publication and podcast series that highlights the most recent developments in regulatory topics that may be of interest to your Fund(s) business.

Global Trustee and Fiduciary Services Bite-Sized

DOWNLOAD ISSUE

Transcript 

Amanda Hale, Andrew Newson and Matthew Cherrill, of Citi’s Global Trustee & Fiduciary Services, sit down to discuss the latest regulatory highlights. This edition's featured topics include: UK: FCA Updates its Consumer Duty Webpage One Month Before the New Regime Goes Live UK. FCA Publishes its Liquidity Management Multi-firm Review and Companion Dear CEO Letter Europe: ESAs Consult on the First Batch of DORA Policy Products Europe: European Commission Publishes its Sustainable Finance Package 2023 Global: FSB Consults on a Toolkit for Enhancing Third-party Risk Management and Oversight

Amanda Hale,&nbsp;Andrew Newson and&nbsp;Matthew Cherrill, of Citi&rsquo;s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.
This edition's featured topics include:
<ul>
<li>UK: FCA Updates its Consumer Duty Webpage One Month Before the New Regime Goes Live</li>
<li>UK. FCA Publishes its Liquidity Management Multi-firm Review and Companion Dear CEO Letter</li>
<li>Europe: ESAs Consult on the First Batch of DORA Policy Products</li>
<li>Europe: European Commission Publishes its Sustainable Finance Package 2023</li>
<li>Global: FSB Consults on a Toolkit for Enhancing Third-party Risk Management and Oversight</li>
</ul>

/rcs/citigpa/storage/public/Bite-Sized Podcast Issue 7 2023.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 7, July 2023

Amanda Hale, Andrew Newson and Matthew Cherrill, of Citi’s Global Trustee & Fiduciary Services, sit down to discuss the latest regulatory highlights. This edition's featured topics include: Europe: European Commission Proposes Retail Investment Package Global: IOSCO Sets the Standard for Global Crypto Regulation Asia: Prototype of a Green Classification Framework for Hong Kong Europe: ESMA Publishes Report on the Supervision of Asset Valuation

Amanda Hale,&nbsp;Andrew Newson and&nbsp;Matthew Cherrill, of Citi&rsquo;s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.
This edition's featured topics include:
<ul>
<li>Europe: European Commission Proposes Retail Investment Package</li>
<li>Global: IOSCO Sets the Standard for Global Crypto Regulation</li>
<li>Asia: Prototype of a Green Classification Framework for Hong Kong</li>
<li>Europe: ESMA Publishes Report on the Supervision of Asset Valuation </li>
</ul>

/rcs/citigpa/storage/public/Bite-Sized Podcast Issue 6 2023 .pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 6, June 2023

In this eAmanda Hale, Head of Regulatory Services, Global Trustee & Fiduciary Services, Andrew Newson, Senior Fiduciary Analyst, Global Trustee & Fiduciary Services, and Matthew Cherrill, Senior Fiduciary Analyst, Global Trustee & Fiduciary Services, sit down to discuss the latest regualtory highlights. Feaured topics include UK: FCA says Consumer Duty Sets Higher Standards for Financial Services Customers EU: European Commission Adopts European Sustainability Reporting Standards Global: FSB Consults on Policies to Address Vulnerabilities From Liquidity Mismatch in Open-ended Funds Global: IOSCO Proposes Detailed Guidance for Open-ended Fund use of Anti-dilution Liquidity Management Tools Global: FSB Finalises Global Regulatory Framework for Crypto-asset Activities

In this eAmanda Hale, Head of Regulatory Services, Global Trustee &amp; Fiduciary Services, Andrew Newson, Senior Fiduciary Analyst, Global Trustee &amp; Fiduciary Services, and Matthew Cherrill, Senior Fiduciary Analyst, Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regualtory highlights.
Feaured topics include
<ul type="disc">
<li>UK: FCA says Consumer Duty Sets Higher Standards for Financial Services Customers</li>
<li>EU: European Commission Adopts European Sustainability Reporting Standards</li>
<li>Global: FSB Consults on Policies to Address Vulnerabilities From Liquidity Mismatch in Open-ended Funds</li>
<li>Global: IOSCO Proposes Detailed Guidance for Open-ended Fund use of Anti-dilution Liquidity Management Tools</li>
<li>Global: FSB Finalises Global Regulatory Framework for Crypto-asset Activities</li>
</ul>

/rcs/citigpa/storage/public/Bite-Sized Podcast Issue 8 2023.pdf

Global Trustee and Fiduciary Services Bite-Sized  Issue 8, August 2023

Transcript

Amanda Hale and Matthew Cherrill, of Citi’s Global Trustee & Fiduciary Services, sit down to discuss the latest regulatory highlights. This edition's featured topics include: UK: FCA Finds Fund Managers’ Value Assessments Significantly Improved, But Still Work To Do Hong Kong: Regulators Publish a New Roadmap to Promote Fintech Adoption in Financial Services Sector Luxembourg: CSSF Issues a Thematic Review on the Implementation of Sustainability-related Provisions in the Investment Fund Industry US: SEC Reopens Comment Period for Enhanced Safeguarding Rule for Registered Investment Advisers Proposal US: SEC Adopts New Rules and Rule Amendments as it Enhances the Regulation of Private Fund Advisers

Amanda Hale and Matthew Cherrill, of Citi&rsquo;s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.
This edition's featured topics include:
<ul type="disc">
<li>UK: FCA Finds Fund Managers&rsquo; Value Assessments Significantly Improved, But Still Work To Do</li>
<li>Hong Kong: Regulators Publish a New Roadmap to Promote Fintech Adoption in Financial Services Sector</li>
<li>Luxembourg: CSSF Issues a Thematic Review on the Implementation of Sustainability-related Provisions in the Investment Fund Industry</li>
<li>US: SEC Reopens Comment Period for Enhanced Safeguarding Rule for Registered Investment Advisers Proposal</li>
<li>US: SEC Adopts New Rules and Rule Amendments as it Enhances the Regulation of Private Fund Advisers</li>
</ul>

/rcs/citigpa/storage/public/Bite-Sized Podcast Issue 9 2023.pdf

Global Trustee and Fiduciary Services Bite-Sized  Issue 9, September 2023

Amanda Hale, Andrew Newson and Matthew Cherrill, of Citi’s Global Trustee & Fiduciary Services, sit down to discuss the latest regulatory highlights. This edition's featured topics include: Netherlands: AFM Says Pay Ongoing Attention to Sufficient LMTs and Correct AIFMD Reporting US: SEC Adopts Rule Enhancements to Prevent Misleading or Deceptive Investment Fund Names EU: European Commission Launches Consultations on SFDR Global: Taskforce on Nature-related Financial Disclosures Publishes Final Recommendations UK: FCA and PRA Propose Measures to Boost Diversity and Inclusion in Financial Services

Amanda Hale,&nbsp;Andrew Newson and&nbsp;Matthew Cherrill, of Citi&rsquo;s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.
This edition's featured topics include: 
<ul style="margin-bottom: 0in; margin-top: 0px;" type="disc">
<li style="line-height: 16.5pt; margin-top: 0in; margin-right: 0in; margin-bottom: 0in; font-size: 11pt;">Netherlands: AFM Says Pay Ongoing Attention to Sufficient LMTs and Correct AIFMD Reporting</li>
<li style="line-height: 16.5pt; margin-top: 0in; margin-right: 0in; margin-bottom: 0in; font-size: 11pt;">US: SEC Adopts Rule Enhancements to Prevent Misleading or Deceptive Investment Fund Names</li>
<li style="line-height: 16.5pt; margin-top: 0in; margin-right: 0in; margin-bottom: 0in; font-size: 11pt;">EU: European Commission Launches Consultations on SFDR</li>
<li style="line-height: 16.5pt; margin-top: 0in; margin-right: 0in; margin-bottom: 0in; font-size: 11pt;">Global: Taskforce on Nature-related Financial Disclosures Publishes Final Recommendations</li>
<li style="line-height: 16.5pt; margin-top: 0in; margin-right: 0in; margin-bottom: 0in; font-size: 11pt;">UK: FCA and PRA Propose Measures to Boost Diversity and Inclusion in Financial Services</li>
</ul>

/rcs/citigpa/storage/public/Bite-Sized Podcast Issue 10 2023.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 10, October 2023

Amanda Hale, Andrew Newson and Matthew Cherrill, of Citi’s Global Trustee & Fiduciary Services, sit down to discuss the latest regulatory highlights. This edition's featured topics include: Europe: ESMA Consults on the Potential Impact of Shortening the Standard Settlement Cycle US: SEC’s Division of Examinations Announces 2024 Priorities Singapore: MAS Publishes Information Paper on Strengthening Liquidity Risk Management Practices for Fund Management Companies UK: Updating and Improving the UK Regime for Asset Management: The FCA’s Priorities Europe: ESMA Encourages Preparations for a Smooth Transition to MiCA

Amanda Hale,&nbsp;Andrew Newson and&nbsp;Matthew Cherrill, of Citi&rsquo;s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.
This edition's featured topics include:
<ul type="disc">
<li>Europe: ESMA Consults on the Potential Impact of Shortening the Standard Settlement Cycle</li>
<li>US: SEC&rsquo;s Division of Examinations Announces 2024 Priorities</li>
<li>Singapore: MAS Publishes Information Paper on Strengthening Liquidity Risk Management Practices for Fund Management Companies</li>
<li>UK: Updating and Improving the UK Regime for Asset Management: The FCA&rsquo;s Priorities</li>
<li>Europe: ESMA Encourages Preparations for a Smooth Transition to MiCA</li>
</ul>

/rcs/citigpa/storage/public/Bite-Sized Podcast Issue 11 2023.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 11, November 2023

Amanda Hale, Andrew Newson and Matthew Cherrill, of Citi’s Global Trustee & Fiduciary Services, sit down to discuss the latest regulatory highlights. This edition's featured topics include: UK FCA Issues Policy Statement on Sustainability Disclosure Requirements and Investment Labels, and Consults on Guidance EU: ESMA Announces Intent to Recognise Cyber Risk as a New Union Strategic Supervisory Priority Irish Central Bank Publishes Individual Accountability Framework Standards and Guidance Financial Stability Board Publishes Toolkit for Enhancing Third-party Risk Management and Oversight Technology Working Group Publishes Interim Report on UK Fund Tokenisation: A Blueprint for Implementation

Amanda Hale,&nbsp;Andrew Newson and&nbsp;Matthew Cherrill, of Citi&rsquo;s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.
This edition's featured topics include:
<ul type="disc">
<li>UK FCA Issues Policy Statement on Sustainability Disclosure Requirements and Investment Labels, and Consults on Guidance</li>
<li>EU: ESMA Announces Intent to Recognise Cyber Risk as a New Union Strategic Supervisory Priority</li>
<li>Irish Central Bank Publishes Individual Accountability Framework Standards and Guidance</li>
<li>Financial Stability Board Publishes Toolkit for Enhancing Third-party Risk Management and Oversight</li>
<li>Technology Working Group Publishes Interim Report on UK Fund Tokenisation: A Blueprint for Implementation</li>
</ul>

/rcs/citigpa/storage/public/Bite-Sized Podcast Issue 12 2023.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 12, December 2023

Amanda Hale, Andrew Newson and Matthew Cherrill, of Citi’s Global Trustee & Fiduciary Services, sit down to discuss the latest regulatory highlights. This edition's featured topics include: Europe: Council of the EU Agrees its Negotiating Mandate on the Benchmarks Regulation Singapore: MAS Launches World’s First Multi-Sector Transition Taxonomy UK: FCA Seeks Views on Regulatory Approach for Overseas Funds Regime Europe: ESAs Issue Public Consultation on the Second Batch of DORA Policy Products Global: FSB and IOSCO Publish Policies to Address Vulnerabilities from Liquidity Mismatch in Open-ended Funds

Amanda Hale,&nbsp;Andrew Newson and&nbsp;Matthew Cherrill, of Citi&rsquo;s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.
This edition's featured topics include:
<ul type="disc">
<li>Europe: Council of the EU Agrees its Negotiating Mandate on the Benchmarks Regulation</li>
<li>Singapore: MAS Launches World&rsquo;s First Multi-Sector Transition Taxonomy</li>
<li>UK: FCA Seeks Views on Regulatory Approach for Overseas Funds Regime</li>
<li>Europe: ESAs Issue Public Consultation on the Second Batch of DORA Policy Products</li>
<li>Global: FSB and IOSCO Publish Policies to Address Vulnerabilities from Liquidity Mismatch in Open-ended Funds</li>
</ul>

/rcs/citigpa/storage/public/Bite-Sized Podcast Issue 1 2024.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 1, January 2024

DOWNLOAD ISSUE 

Amanda Hale,&nbsp;Andrew Newson and&nbsp;Matthew Cherrill, of Citi&rsquo;s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.
This edition's featured topics include:
<ul type="disc">
<li style="font-size: 24px;">Hong Kong: SFC Sets Out Three-year Strategic Priorities</li>
<li style="font-size: 24px;">Europe: ESMA Consults on Reverse Solicitation and Classification of Crypto-assets as Financial Instruments Under MiCA</li>
<li style="font-size: 24px;">Europe: ESAs Publish DORA ICT and Third-party Risk Management and Incident Classification Technical Standards</li>
<li style="font-size: 24px;">Netherlands: AFM Publishes Agenda 2024</li>
<li style="font-size: 24px;">UK: EEA UCITS Assessed As Equivalent Under Overseas Fund Regime</li>
</ul>

Amanda Hale,&nbsp;Andrew Newson and&nbsp;Matthew Cherrill, of Citi&rsquo;s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.
&nbsp;

/rcs/citigpa/storage/public/Bite-Sized Issue 2 Podcast Transcript.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 2, February 2024

TRANSCRIPT

Amanda Hale,&nbsp;Andrew Newson and&nbsp;Matthew Cherrill, of Citi&rsquo;s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.
This edition's featured topics include:
<ul type="disc">
<li>US: SEC and CFTC Adopt Amendments to Enhance Private Fund Reporting</li>
<li>Singapore Moves Ahead to Establish the ASEAN Regional Computer Emergency Response Team to Strengthen Regional Cybersecurity</li>
<li>European Council Adopts New Rules for Alternative Investment Funds and UCITS</li>
<li>Switzerland: FINMA Introduces New Limited Qualified Investor Fund</li>
<li>UK: FCA Publish Consumer Duty Implementation Review and Autumn 2023 Firm Survey Results</li>
</ul>

Amanda Hale,&nbsp;Andrew Newson and&nbsp;Matthew Cherrill, of Citi&rsquo;s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.

/rcs/citigpa/storage/public/2024 Issue 3 Transscript.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 3, March 2024

Amanda Hale, Andrew Newson and Matthew Cherrill, of Citi&rsquo;s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.
This edition's featured topics include:
<ul type="disc">
<li>EU: ECON MEPs Vote to Boost Citizens&rsquo; Involvement in Financial Markets</li>
<li>Hong Kong Government Issues Vision Statement on Developing Sustainability Disclosure Ecosystem</li>
<li>Luxembourg: CSSF Publishes its Supervisory Priorities in Terms of Sustainable Finance</li>
<li>US: SEC Publishes Report on its Diversity, Equity, Inclusion and Accessibility Initiatives and Progress</li>
<li>UK: Accelerated Settlement Taskforce Publishes Report</li>
</ul>

Amanda Hale, Andrew Newson and Matthew Cherrill, of Citi&rsquo;s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.

/rcs/citigpa/storage/public/Issue_4 _2024_script _Final.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 4, April 2024

TRANSCRIPT 

Amanda Hale,&nbsp;Andrew Newson and&nbsp;Matthew Cherrill, of Citi&rsquo;s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.
This edition's featured topics include:
<ul type="disc">
<li>Europe: ESMA Asks for Input on Assets Eligible for UCITS</li>
<li>UK FCA: A Roadmap to Implementing the Overseas Funds Regime</li>
<li>US SEC Staff Publishes New Registered Fund Statistics Report</li>
<li>Hong Kong: SFC Announces Three-year Extension of Grant Scheme for OFCs and REITs</li>
<li>UK: FCA Confirms Anti-greenwashing Guidance and Proposes Extending Sustainability Framework to Portfolio Management Services</li>
</ul>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

/rcs/citigpa/storage/public/Bitesize__Issue5_script.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 5, May 2024

Amanda Hale,&nbsp;Andrew Newson and&nbsp;Matthew Cherrill, of Citi&rsquo;s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.
This edition's featured topics include:
<ul type="disc">
<li style="font-size: 16px;">US: SEC Adopts Amendments to Regulation S-P to Enhance Protection of Customer Information</li>
<li style="font-size: 16px;">EU: ESMA Provides Guidance to Firms Using Artificial Intelligence in Investment Services</li>
<li style="font-size: 16px;">EU: ESMA Guidelines Establish Harmonised Criteria for use of ESG and Sustainability Terms in Fund Names</li>
<li style="font-size: 16px;">Hong Kong: SFC Welcomes Industry-led Public Consultation on Voluntary Code of Conduct for ESG Ratings and Data Products Providers</li>
<li style="font-size: 16px;">UK: &nbsp;New FCA Webpage - Operational Resilience: Insights and Observations for Firms</li>
</ul>

/rcs/citigpa/storage/public/Issue_6_Transcript_bitesize.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 6, June 2024

Issue 7 

Amanda Hale,&nbsp;Andrew Newson and&nbsp;Matthew Cherrill, of Citi&rsquo;s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.
This edition's featured topics include:&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;
<ul type="disc">
<li>US SEC Office of the Investor Advocate Delivers Report to Congress on Objectives for Fiscal Year 2025</li>
<li>Global: IOSCO Publishes Good Practices to Improve Trading Venues&rsquo; Resilience in Case of Market Outages</li>
<li>Australian Government Publishes its Sustainable Finance Roadmap</li>
<li>European Supervisory Authorities Propose Improvements to the SFDR</li>
<li>UK FCA Updates its Consumer Duty Webpage &ndash; Information for Firms &ndash; Annual Board Reports</li>
</ul>

Global Trustee and Fiduciary Services Bite-Sized Issue

 https://www.citigroup.com/rcs/citigpa/storage/public/transcript_bs_ issue_ 7_podcast.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 7, July 2024

Banking Services

Investor Services

Services

Issue 8

Amanda Hale and Matthew Cherrill, of Citi&rsquo;s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.
This edition's featured topics include:
<ul type="disc">
<li>ESAs Update Q&amp;As on SFDR and SFDR Delegated Regulation</li>
<li>ESMA Sets Out its Long-term Vision on the Functioning of the Sustainable Finance Framework</li>
<li>SFC Sets Clear Timeline for Implementing an Uncertificated Securities Market in Hong Kong</li>
<li>FCA Seeks to Reduce Burdens on Firms and Support Growth</li>
<li>ESMA Consults on Liquidity Management Tools for Funds</li>
</ul>

Global Trustee and Fiduciary Services Bite-Sized Issue 8

Amanda Hale and Matthew Cherrill, of Citi&rsquo;s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.

/rcs/citigpa/storage/public/Services_BS8 Podcast_Final_transcript.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 8, August 2024

Issue 9

Amanda Hale and Andrew Newson, of Citi&rsquo;s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.
This edition's featured topics include:
<ul type="disc">
<li>US: SEC Adopts Reporting Enhancements for Registered Investment Companies and Provides Guidance on Open-End Fund Liquidity Risk Management Programs</li>
<li>Hong Kong: SFC Welcomes Launch of Project Ensemble Sandbox as Key Step in Hong Kong&rsquo;s Tokenisation Development</li>
<li>Europe: ESRB Responds to ESMA Consultation on Draft RTS and Guidelines on Liquidity Management Tools</li>
<li>Luxembourg: CSSF Launch DORA Readiness Survey</li>
<li>UK: FCA Updates Sustainability Disclosure and Labelling Regime Webpage with Downloadable Labels</li>
</ul>

Global Trustee and Fiduciary Services Bite-Sized Issue 9

Amanda Hale and Andrew Newson, of Citi&rsquo;s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.

/rcs/citigpa/storage/public/BS9 Podcast_Final.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 9, September 2024

Enabling Issuers and Investors across the entire investment lifecycle.

Securities Services

Issue 10

Amanda Hale, Andrew Newson and Matthew Cherrill, of Citi&rsquo;s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.
This edition's featured topics include:&nbsp; &nbsp; &nbsp; &nbsp;
<ul type="disc">
<li>ECB Says TIBER-EU Will Help Fulfil DORA Requirements</li>
<li>UK Accelerated Settlement Taskforce Technical Group Issues T+1 Interim Report and Consultation</li>
<li>SEC Adopts Improvements to EDGAR System</li>
<li>FCA Sets Out Temporary Measures for Firms on &lsquo;Naming and Marketing&rsquo; Sustainability Rules</li>
<li>FCA Update on Extending the SDR Regime to Portfolio Management</li>
</ul>

Global Trustee and Fiduciary Services Bite-Sized Issue 10

Amanda Hale, Andrew Newson and Matthew Cherrill, of Citi’s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.

/rcs/citigpa/storage/public/Bite-Sized_Issue_10_Transcript.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 10, October 2024

Issue 11

Amanda Hale,&nbsp;Andrew Newson and&nbsp;Matthew Cherrill, of Citi’s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.This edition's featured topics include:<o:p></o:p><o:p></o:p><ul style="list-style-type:disc;" type="disc"><li>U.S SEC’s Division of Examinations Announces 2025 Priorities<o:p></o:p></li><li>Europe: ESMA, ECB and European Commission Announce Next Steps for the Transition to T+1<o:p></o:p></li><li>UK FCA Consult on Investment Research Payment Optionality for Fund Managers<o:p></o:p></li><li>Hong Kong SFC: Encouraging Progress Made in Asset Management Pilot Use Case in the Project Ensemble Sandbox<o:p></o:p></li><li>Luxembourg: CSSF Communiqué to the Investment Fund Industry in Relation to the ESMA Guidelines on Funds’ Names Using ESG or Sustainability-related Terms<o:p></o:p></li></ul><o:p>&nbsp;</o:p><o:p></o:p>

Global Trustee and Fiduciary Services Bite-Sized Issue 11

Amanda Hale,&nbsp;Andrew Newson and&nbsp;Matthew Cherrill, of Citi’s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.

/rcs/citigpa/storage/public/Bite-Sized_Issue11_Transcript.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 11, November 2024

Issue 12

Andrew Newson and Matthew Cherrill, of Citi’s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.&nbsp;This edition's featured topics include:&nbsp;<ul style="list-style-type:disc;"><li>FSB Reports on Progress Towards Globally Consistent and Comparable Climate-related Disclosures </li><li>IOSCO Publishes Report on Transition Plans Disclosures </li><li>EU: ESMA Proposes Move to T+1 by October 2027 </li><li>IOSCO Publishes Consultation Report on Updated Liquidity Risk Management Recommendations for Collective Investment Schemes </li><li>UK: Chancellor Delivers Mansion House Speech<o:p></o:p></li></ul>

Global Trustee and Fiduciary Services Bite-Sized Issue 12

Andrew Newson and&nbsp;Matthew Cherrill, of Citi’s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.<o:p></o:p>

/rcs/citigpa/storage/public/Bite-Sized_Issue_12_Transcript.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 12, December 2024

Issue 1 

Amanda Hale, Andrew Newson, and&nbsp;Matthew Cherrill, of Citi’s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.This edition's featured topics include:<o:p></o:p><o:p></o:p><ul style="list-style-type:disc;" type="disc"><li>FCA Proposes a New Product Information Framework for Consumer Composite Investments<o:p></o:p></li><li>ESMA Puts Forward Q&amp;As on the Application of the Guidelines on Funds’ Names Using ESG or Sustainability-related Terms<o:p></o:p><o:p></o:p></li><li>ESMA Consults on Open-ended Loan Originating Alternative Investment Funds<o:p></o:p></li><li>Dutch AFM Finds Asset Managers Have Adequate Liquidity Stress Tests Policies in Place<o:p></o:p></li><li>SFC Issues Circular to Management Companies of SFC-authorised Money Market Funds<o:p></o:p><o:p></o:p></li></ul>

Global Trustee and Fiduciary Services Bite-Sized Issue 1

Amanda Hale, Andrew Newson, and&nbsp;Matthew Cherrill, of Citi’s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.<o:p></o:p>

/rcs/citigpa/storage/public/Bite-Sized_Issue_1_2025_Transcript.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 1, January 2025

Issue 2

Amanda Hale,&nbsp;Andrew Newson and&nbsp;Matthew Cherrill, of Citi’s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.This edition's featured topics include:<o:p></o:p><o:p></o:p><ul style="list-style-type:disc;" type="disc"><li>Securities Futures Commission Expands Listed Structured Fund Offerings in Hong Kong<o:p></o:p></li><li>EU: ESMA Announces New Governance Structure for Transition to T+1 Settlement<o:p></o:p></li><li>U.S. SEC Announce Extension of Form PF Amendments Compliance Date<o:p></o:p></li><li>UK: FCA Updates its Handbook to Clarify UK UCITS Concentration Limits<o:p></o:p></li><li>Global: FSB Publishes its Work Programme for 2025<o:p></o:p></li><li>Global: FSB Develops Analytical Framework and Toolkit to Assess Climate-related Vulnerabilities<o:p></o:p></li></ul><o:p> </o:p><o:p></o:p>

Global Trustee and Fiduciary Services Bite-Sized Issue 2

Amanda Hale,&nbsp;Andrew Newson and&nbsp;Matthew Cherrill, of Citi’s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.<o:p></o:p>

/rcs/citigpa/storage/public/Bite-Sized_Issue_2_2025_Transcript.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 2, February 2025 

Issue 3

Amanda Hale, Andrew Newson and Matthew Cherrill, of Citi’s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.&nbsp;This edition's featured topics include:<ul style="list-style-type:disc;"><li>Global: FSB Chair Calls for Renewed Focus on Implementation</li><li>UK: AST Publishes Plans to Move to T+1 Settlement on UK Financial Markets</li><li>EU: European Commission Proposes to Shorten Settlement Cycle for EU Securities to T+1</li><li>EU: European Commission Simplifies Rules on Sustainability and EU investments</li><li>Hong Kong: SFC Supports Listing of Alternative Funds to Broaden Investor Choice and Bolster Market Developments</li><li>UK: FCA Dear CEO Letter: Asset Management &amp; Alternatives – Supervisory Strategy &nbsp;</li></ul>

Global Trustee and Fiduciary Services Bite-Sized Issue 3

/rcs/citigpa/storage/public/Bite_Sized_Issue 3_Transcript.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 3, March 2025

Issue 4

Amanda Hale, Andrew Newson and Matthew Cherrill, of Citi’s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.&nbsp;This edition's featured topics include:<ul style="list-style-type:disc;"><li>Global: IOSCO Unveils Work Program for 2025</li><li>U.S. SEC Votes to End Defence of Climate Disclosure Rules</li><li>Hong Kong: SFC Updates on Grant Scheme for Open-ended Fund Companies and REITs</li><li>Australia: ASIC Issues Sustainability Reporting Regulatory Guide</li><li>UK FCA Launches Five Year Strategy to Support Growth and Improve Lives</li><li>European Commission Unveils its Savings and Investments Union Strategy &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;</li></ul>

Global Trustee and Fiduciary Services Bite-Sized Issue 4

/rcs/citigpa/storage/public/Bite_Sized_Issue_4_Podcast_Transcript.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 4, April 2025

Issue 5

Amanda Hale, Andrew Newson and Matthew Cherrill, of Citi’s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.&nbsp;This edition's featured topics include:<ul style="list-style-type:disc;"><li>Global: FSB Finalises the Common Format for Incident Reporting Exchange</li><li>US: SEC Extends Effective and Compliance Dates for Amendments to Investment Company Reporting Requirements</li><li>UK: FCA Launches Call for Input on the Future Regulation of Alternative Fund Managers</li><li>UK: FCA Update on the Extension of SDR to Portfolio Management</li><li>EU: ESMA Publishes Implementing Rules on Liquidity Management Tools for Funds</li><li>Hong Kong: SFC Proceeds with Position Limit Increases for Key Stock Index Derivatives</li></ul>

Global Trustee and Fiduciary Services Bite-Sized Issue 5

/rcs/citigpa/storage/public/Bite_Sized_Issue 5_Podcast_Transcript.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 5, May 2025

Issue 6

Amanda Hale, Andrew Newson and Matthew Cherrill, of Citi’s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.This edition's featured topics include:<ul style="list-style-type:disc;"><li>Global: IOSCO Issues Updated Liquidity Risk Management Recommendations for Collective Investment Schemes</li><li>UK: FCA Enhances Access to Investment Research for UK UCITS Managers and AIFMs</li><li>EU: European Parliament’s ECON Issues Draft Report on the Impact of AI on the Financial Sector</li><li>Australia: ASIC Shares Industry Feedback and Next Steps on the Future of Australia’s Public and Private Markets</li><li>UK: FCA Seeks Further Views on Stablecoins and Crypto Custody</li></ul>

Global Trustee and Fiduciary Services Bite-Sized Issue 6

/rcs/citigpa/storage/public/Bite-Sized_Issue_6_Podcast_transcript.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 6, June 2025

Issue 7

Amanda Hale, Andrew Newson and Matthew Cherrill, of Citi’s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.This edition's featured topics include:<ul style="list-style-type:disc;"><li>U.S. SEC Withdraws Notice of Fourteen Proposed Rules</li><li>EU: ESMA Invites Feedback on How to Simplify Funds’ Data Reporting</li><li>EU: ESMA Publishes Technical Advice to the Commission on the Review of the UCITS EAD</li><li>UK Government Publishes Consultation on UK Sustainability Reporting Standards</li><li>Singapore: MAS Issues Circular on Governance and Management of Variable Capital Companies &nbsp;</li></ul>

Global Trustee and Fiduciary Services Bite-Sized Issue 7

/rcs/citigpa/storage/public/Bite-Sized_Issue_7_Podcast_Transcript.pdf

 Global Trustee and Fiduciary Services Bite-Sized Issue 7, July 2025

Amanda Hale, Andrew Newson and Matthew Cherrill, of Citi’s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.This edition's featured topics include:<ul style="list-style-type:disc;"><li>Hong Kong: HKMA Publishes Documents for the Implementation of the Regulatory Regime for Stablecoin Issuers</li><li>EU: ESAs Publish Guide on Oversight Activities of Critical Third-party Providers Under DORA</li><li>European Commission Adopts Measures to Simplify the Application of the EU Taxonomy</li><li>UK Chancellor’s Mansion House Speech and Proposed Leeds Reforms for Financial Services</li><li>UK HM Treasury and Regulators Propose Changes to the Senior Manager and Certification Regime</li><li>U.S. SEC Permits In-Kind Creations and Redemptions for Crypto ETPs</li></ul>

/rcs/citigpa/storage/public/Bite-Sized-Issue-8-Podcast-Transcript.pdf

 Global Trustee and Fiduciary Services Bite-Sized Issue 8, August 2025

Amanda Hale, Andrew Newson and Matthew Cherrill, of Citi’s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.This edition's featured topics include:<ul style="list-style-type:disc;"><li>UK: FCA Opens Retail Access to Crypto Exchange Traded Notes</li><li>Hong Kong: SFC Elaborates on Robust Custody Standards for Virtual Asset Trading Platforms</li><li>U.S. SEC Creates Task Force to Tap AI for Enhanced Innovation and Efficiency Across the Agency</li><li>UK FCA: AI Live Testing: The Use of AI in UK financial Markets - From Promise to Practice</li><li>Global: Project Noor: Explaining AI Models for Financial Supervision</li><li>Hong Kong: Joint Statement by the SFC and the HKMA on Stablecoin-related Market Movements</li></ul>

/rcs/citigpa/storage/public/global-trustee-fiduciary-services-bite-sized-issue-9-transcript.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 9, September 2025

Amanda Hale, Andrew Newson and Matthew Cherrill, of Citi’s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.This edition's featured topics include:<ul style="list-style-type:disc;"><li>Global: Taskforce on Nature-related Financial Disclosures Publishes 2025 Status Report</li><li>EU: ESAs Note Greater Effort from Financial Market Participants in their Disclosure of Principal Adverse Impacts under SFDR</li><li>Australia: ASIC Signals Opportunity for Industry to Lift Private Credit Standards</li><li>EU: ESMA Publishes 2026 Work Programme</li><li>U.S.: SEC Publishes Notice on ETF Share Class Relief</li><li>Global: Financial Stability Institute Publishes Managing Explanations: How Regulators can Address AI Explainability</li></ul>

/rcs/citigpa/storage/public/Bite-Sized-Issue-10-Podcast-Transcript.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 10, October 2025

Amanda Hale, Andrew Newson and Matthew Cherrill, of Citi’s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.This edition's featured topics include:<ul style="list-style-type:disc;"><li>UK FCA Issues T+1 Letter to Asset Managers and Alternative Firms</li><li>EU: ESMA Proposes Key Reforms to Settlement Discipline, Supporting the Transition to T+1</li><li>Global: IOSCO Reviews Implementation of Recommendations for Crypto and Digital Asset Markets</li><li>Global: FSB Finds Significant Gaps and Inconsistencies in Implementation of Crypto and Stablecoin Recommendations</li><li>UK FCA Supports Tokenization to Boost Efficiency and Innovation in Asset Management</li><li>Hong Kong: SFC Proposes to Enhance Hong Kong’s Retail Fund Code to Bolster Global Competitiveness</li><li>EU: ESMA Publishes Implementing Rules on Loan-originating AIFs</li><li>EU: Cyber Risk and Digital Resilience Drive the Agenda of ESMA’s Union Strategic Supervisory Priorities for 2026</li></ul>

/rcs/citigpa/storage/public/Bite-Sized-Issue-11-Podcast-Transcript.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 11, November 2025

Amanda Hale, Andrew Newson and Matthew Cherrill, of Citi’s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.This edition's featured topics include:<ul style="list-style-type:disc;"><li>Global: IOSCO Publishes Consultation Report on Valuing CIS</li><li>EU: European Commission Simplifies Transparency Rules for Sustainable Financial Products</li><li>Hong Kong: SFC Further Streamlines Measures for Authorised EU-regulated Retail Funds to Implement Changes Efficiently</li><li>EU: European Commission Announces New Digital Package</li><li>UK: FCA Publishes Transaction Reporting Proposals</li></ul>

/rcs/citigpa/storage/public/Bite-Sized-Issue-12-Podcast-Transcript.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 12, December 2025

Issue 1

Amanda Hale, Andrew Newson and Matthew Cherrill, of Citi’s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.This edition's featured topics include:<ul style="list-style-type:disc;"><li>U.S.: Statement on the Custody of Crypto Asset Securities by Broker-Dealers</li><li>European Commission Announcement on Market Integration Package</li><li>Europe: ESMA Reviews Impact of Guidelines on ESG or Sustainability Related Terms in Fund Names</li><li>Central Bank of Ireland Publishes Roadmap to Deliver a More Effective and Efficient Regulatory Framework</li><li>Singapore: Monetary Authority of Singapore Consults on Updates to the Guidelines on Liquidity Risk Management Practices for Fund Management Companies</li></ul>

/rcs/citigpa/storage/public/Bite_Sized_Issue_1_2026_Podcast_Transcript.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 1, January 2026

Amanda Hale, Andrew Newson and Matthew Cherrill, of Citi’s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.This edition's featured topics include:<ul style="list-style-type:disc;"><li>U.S.: SEC Chair Statement on Reforming Regulation S-K</li><li>Europe: ESMA Promotes Clarity in Communications on ESG Strategies</li><li>Hong Kong: Cross Agency Steering Group Announces Strategic Priorities for 2026-2028</li><li>Europe: ESMA Announces its Digital and Data Strategies</li><li>UK: Mills Review to Consider How AI Will Reshape Retail Financial Services &nbsp;</li></ul>

/rcs/citigpa/storage/public/Bite_Sized_Issue_2_2026_Podcast_Transcript.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 2, February 2026

Amanda Hale, Andrew Newson and Matthew Cherrill, of Citi’s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.This edition's featured topics include:<ul style="list-style-type:disc;"><li>EU: ESMA Publishes its 2027-2029 Programming Document</li><li>Global: Financial Stability Board Publishes its Work Programme for 2026</li><li>U.S. SEC Proposes Amendments to Reduce Burdens in Reporting of Fund Portfolio Holdings</li><li>UK: FCA Publishes a New Webpage on How to Use Sustainability Labels</li><li>Singapore: Workgroup Convened to Enhance Singapore’s Ecosystem for Growth Capital</li></ul>

/rcs/citigpa/storage/public/Bite-Sized-Issue-3-2026-Transcript.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 3, March 2026

Amanda Hale, Andrew Newson and Matthew Cherrill, of Citi’s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.This edition's featured topics include:<ul style="list-style-type:disc;"><li>U.S.: SEC Clarifies the Application of Federal Securities Laws to Crypto Assets</li><li>Europe: Council of the EU Agrees Position to Streamline Rules on Artificial Intelligence</li><li>Singapore: MAS Sets Supervisory Expectations on Financial Institutions for Transition Planning Practices in Addressing Environmental Risk</li><li>Europe: ESMA Sets Out Actions to Simplify the Retail Investor Journey and Make Investing More Accessible</li><li>U.K.: FCA Sets Out Next Phase of Smarter, More Effective Regulation</li></ul>

/rcs/citigpa/storage/public/Bite-Sized-Issue-4-2026-Podcast-Transcript.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 4, April 2026

Amanda Hale, Andrew Newson and Matthew Cherrill, of Citi’s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.This edition's featured topics include:<ul><li data-list-item-id="ead7319a2bcca9e95b47f9f2db9b61038">UK: FCA Consults on Guidance on UK’s Future Crypto Regime</li><li data-list-item-id="e77018f19776689e1a64ad34d28090371">UK: FCA Sets Out Support for Innovation in Fund Tokenization</li><li data-list-item-id="e30ee0a0224171909eca75cc8d6d17182">U.S.: SEC and CFTC Jointly Propose Amendments to Reduce Private Fund Reporting Burdens</li><li data-list-item-id="e22e601d36b5cdc3e9243789146e8283e">Hong Kong: HKEX Publishes Consultation Paper on Accelerated Settlement for Hong Kong Cash Market</li><li data-list-item-id="eff81ef7eb7d3c1381f25b9afb12bdb08">Hong Kong: SFC Unveils New Regulatory Framework to Allow Secondary Trading of Tokenized SFC-authorized Investment Products</li></ul>

/rcs/citigpa/storage/public/Bite-Sized-Issue-5-Podcast-Transcript.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 5, May 2026

Amanda Hale, Andrew Newson and Matthew Cherrill, of Citi’s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.This edition's featured topics include:<ul><li data-list-item-id="e119a66f826c0a27af253aabd2c203c69">Global: IOSCO Publishes Final Report on Valuing Collective Investment Schemes</li><li data-list-item-id="e901187db8d72f8b5eae6494b917a4130">Global: IOSCO Publishes AI Supervisory Toolkit</li><li data-list-item-id="e83f7b6f8916976539cf3418ca46469da">EU: ESMA Promotes Proportionate Supervision of MiFID II Sustainability Requirements</li><li data-list-item-id="ee6f0a925744e4c23c122670179ff6ff7">U.S.: SEC Proposes Rescission of Climate-Related Disclosure Rules</li><li data-list-item-id="e24c0c36d7f03aff725dfba9d02829c7d">UK: FCA and Bank of England Set Out Shared Vision for Tokenization in UK Wholesale Markets</li></ul>

/rcs/citigpa/storage/public/Bite-Sized-Issue-6-Podcast-Transcript.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 6, June 2026

Amanda Hale, Andrew Newson and Matthew Cherrill, of Citi’s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.This edition's featured topics include:<ul style="list-style-type:disc;"><li data-list-item-id="eed21d919bd98c316755802f2d00de043">UK: FCA Consults on Consumer Duty – Scope and Proportionality</li><li data-list-item-id="eec60008ba8b64f88eea72b6325e08279">U.S.: SEC Seeks Public Comment on Novel Exchange-Traded Funds</li><li data-list-item-id="e3f9790f5c47db1ba235fcbbcd00d1fef">UK: FCA Proposes to Simplify its Climate Disclosure Requirements for Investment Products</li><li data-list-item-id="e07287514b53b7936c52486ef834ae90a">Global: Financial Stability Board Consults on Sound Practices for the Responsible Adoption of AI</li><li data-list-item-id="e507fc9a8a225279f776bf629807b6f7e">EU: Council of the EU Agrees Position on Simpler Transparency Rules for Sustainable Financial Products</li></ul>

/rcs/citigpa/storage/public/Bite-Sized-Issue-7-Podcast-Transcript.pdf

Global Trustee and Fiduciary Services Bite-Sized Issue 7, July 2026

Amanda Hale and Matthew Cherrill, of Citi’s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.This edition's featured topics include:<ul style="list-style-type:disc;"><li data-list-item-id="e3e9985ecfc1dd06d9606825d2c9b729d">UK: HM Treasury and the FCA Consult on Changes to UK’s AIFM Regime</li><li data-list-item-id="ef3e8683bd3b3c13d35e743b44d29124b">UK: FCA Publishes The Mills Review into Impact of AI on Retail Financial Services</li><li data-list-item-id="e11cd62933b696974b81a56a577b28dc8">Singapore: MAS Partners Industry to Develop Safeguards for AI Agents in Finance</li><li data-list-item-id="ebeadc3a99cc15304a0479e7ffdec66c2">EU: ESRB Warns Frontier AI Models Could Strain Cyber Resilience in the Financial System</li><li data-list-item-id="e605313ef96786294245ea4b38e2aa86a">EU: ESMA Calls on Firms to Finalise Preparations Ahead of T+1 Settlement Deadlines</li><li data-list-item-id="ef782ac8b3592402580a088af4f1e3efd">US: SEC Proposes New E-Delivery Approach for Shareholder Disclosure Documents</li></ul>

Amanda Hale and Matthew Cherrill, of Citi’s Global Trustee &amp; Fiduciary Services, sit down to discuss the latest regulatory highlights.

Global Trustee and Fiduciary Services Bite-Sized

Securities Services

Subscribe to Citi Global Perspectives: trends and insights shaping business worldwide, delivered to your inbox.