In December 2025, the European Parliament (EP) and the Council agreed on the Omnibus I proposal amending the Corporate Sustainability Reporting Directive (CSRD) and Corporate Sustainability Due Diligence Directive (CSDDD).  

The agreement scales back both the CSRD and CSDDD by significantly raising the size and turnover thresholds, meaning far fewer companies will be in scope. 

On 21 November 2025, we submitted a high-level response to the FCA’s consultation on progressing fund tokenisation.

We believe tokenisation presents a significant opportunity for both funds and loan markets.

To utilise these benefits, we have urged for continued dialogue and collaboration between regulators and industry participants to ensure regulatory frameworks keep pace with technological innovation.

On 20 November 2025, the LMA co-signed a joint statement setting out concerns from the perspective of investors on the European Commission's proposed reforms regarding the EU securitisation framework. The joint statement sets out the shared views of the LMA and six other trade associations (AFME, AIMA, EFAMA, IACPM, ICMA and MFA).  

We collectively call on co-legislators to make improvements that will enable demand for securitisation in Europe to grow in the context of a robust and resilient regulatory framework.