Our latest Client Alert on FCA CP25/41, outlining the UK’s proposed Admissions & Disclosures regime and new Market Abuse Regime for Cryptoassets (MARC).

The proposals introduce enhanced gatekeeper responsibilities for Cryptoasset Trading Platforms, a new Qualifying Cryptoasset Disclosure Document (QCDD) framework with associated liability provisions, retail investor withdrawal rights in certain circumstances, a tailored approach for UK-issued stablecoins, and a bespoke market abuse regime for cryptoassets.

With the consultation closing on 12 February 2026 and final rules expected later this year, firms should begin assessing potential operational and governance impacts.

Seven states have passed Extended Producer Responsibility (EPR) laws related to single-use packaging and plastic food serviceware, with other states considering similar legislation. The intent of these laws is to hold the producers of covered materials financially responsible for their ultimate disposal. Certain states are also requiring the reduction of plastic or non-recyclable plastic used in these materials over time. Legislation is in various stages of implementation, and Oregon is the first state to issue fees to producers. In connection with a legal challenge to Oregon’s EPR program, a court recently granted a preliminary injunction, preventing Oregon from enforcing the law against the plaintiff (an industry group) pending resolution of the case. Meanwhile, CalRecycle continues to struggle with finalizing its proposed regulations implementing California’s EPR law, this time withdrawing its proposed regulations to tinker with provisions related to food and agricultural commodities.