REGULATION · UK
UK regulator threatens sanctions against firms participating in E1 settlement tender
UK financial authorities warned firms against bidding on or participating in an E1 settlement tender, citing regulatory concerns. Non-compliance faces potential enforcement action and fines.
WHY IT MATTERS
Signals shift in UK settlement governance. Firms bidding must now assess regulatory risk separately from commercial opportunity; expect bid withdrawal and consolidation toward incumbent operators.
Source: Reuters · 2026-10-19