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Technological innovation continues to reshape traditional financial systems and infrastructure, but the regulatory response is now entering a more decisive phase. As explored in our Emerging Themes in Financial Regulation and Disputes 2026 articles to date, the focus is shifting from exploration to implementation across digital assets and market infrastructure. Against this backdrop, the FCA and Bank of England (BoE) have published a joint call for input on the introduction of tokenisation in UK wholesale financial markets. Responses to the call for input close on 3 July 2026. This article explores the key elements of that proposal and what it means for firms.

Welcome to the Corporate Briefing, where we review the latest developments in UK corporate law that you need to know about. In this month’s issue we discuss: FCA Regulatory Initiatives Grid The tenth edition of the Financial Services Regulatory Initiatives Grid has been published, setting out the regulatory pipeline for the next two years. Three workstreams are of particular relevance to listed companies, investment entities, and shareholders. Court rules that term sheet was binding - and warranties were also representationsHoffman & Anor v Finalto Group Ltd & Anor [2026] EWHC 921 (Comm) (21 April 2026) The High Court has ruled that an equity term sheet was binding - and that warranties in a warranty deed were also representations. It’s a good reminder to consider carefully whether terms are meant to be legally binding – and, acting for warrantors, to include appropriate drafting to prevent warranties giving rise to claims for misrepresentation. Courts rule on meaning of fraud in relation to the giving of warrantiesSynthos Spolka Akcyjna v Ineos Industries Holdings Ltd [2026] EWHC 83 (Comm)Veranova Bidco LP v Johnson Matthey PLC [2026] EWHC 1021 (Comm) Two recent High Court decisions have taken a different approach to assessing fraud in the context of the giving of warranties - and whether knowledge can be aggregated.  The stakes are high, because if fraud is established, all limitations of liability fall away.

Judgment in the case of Mace Construct Ltd v Baltic Investment Holdings Ltd [2026] EWHC 976 (TCC) was handed down on 28 April 2026. This case is particularly interesting for two main reasons: it deals with priority of Contract Documents in the JCT form, with a particular focus on whether a Schedule of Derogations (contract clarifications) takes precedence over the Schedule of Amendments; and it appears to endorse a prospective approach to delay analysis for extension of time (EOT) claims pre-dating completion.