The resumption of parliamentary business provided the opportunity to recap on 2025 so far and consider what was likely to be on the UK and EU regulatory agenda over the following few months. During this call the panel reflected on the implementation of EMIR 3.0 to date, including the then current status of the active account requirement, as well as the wider derivatives reporting landscape and recent enforcement trends. They also looked at the potential impacts of proposed changes to the UK CCP Rulebook, as well as other key issues to monitor, including possible changes to the financial collateral regime, upcoming changes to benchmarks regulation and developments in carbon markets and ESG regulation that could have impacted derivatives markets.