%20(12).png)
The FCA transparency regime changed back in December 2025, with ESMA following suit in March 2026. We therefore now have over 5 months of complete data (i.e. having gone through several full 3 month deferral cycles) to look at for both regimes.
Below in Chart 1 we examine deferrals for each regime on a monthly basis, comparing the potential deferral available to the observed publication time.
Vidal Mehra - Vidal is Chief Product Officer for Propellant Digital and the lead author for Propellant Insights.
He has been working with financial institutions for over 20 years across multiple disciplines including front office and consulting roles.
Helena Roughton - Helena recently joined the team as a Product Manager, bringing extensive MiFID policy experience having previously worked at AFME.
She also brings product remediation and data analysis experience from the Bank of New Zealand.
%20(11).png)
