Latest Regulatory Updates

AI Summary

The BIS author profile is a reference-data update, not a new regulatory requirement. It confirms Alexandre Tombini’s role, appointment date, and prior institutional experience relevant to BIS Americas engagement and policy monitoring.

AI Summary

The European Commission has listed a Have Your Say initiative on green-listing certain waste for shipments to recovery between EU Member States. No binding operational change, adoption date or effective date is visible in the supplied initiative extract; businesses should treat this as an early-stage regulatory monitoring item.

AI Summary

The SEC published notice of TXSE’s immediately effective fee filing to implement, on behalf of CAT LLC, Historical CAT Assessment 1A for CAT Executing Brokers to recover remaining uninvoiced historical CAT costs.

AI Summary

The SEC settled administrative proceedings against Dada Nexus Limited after finding material overstatements in Form 6-K earnings releases, books-and-records violations, and deficient internal accounting controls relating to online advertising and marketing transactions.

AI Summary

The FCA has opened Quarterly Consultation Paper No. 53, seeking feedback by 12 October 2026 on proposed Handbook amendments across retail investments, banking conduct, cryptoassets, complaints reporting, Lloyd’s complaints guidance, money market fund reporting and Consumer Composite Investments rules. The changes are consultative and no final implementation date is stated.

AI Summary

The FCA has issued a Decision Notice proposing a £742,700 financial penalty and a full prohibition order against Daniel Philip Thomas for alleged misconduct involving defined benefit pension transfer advice, misleading statements, destruction of records and failure to co-operate. The notice has been referred to the Upper Tribunal, so the proposed sanctions have no effect pending determination.

AI Summary

The SEC has published OCC’s proposed amendments to its clearing membership standards. The proposal would tighten onboarding, reporting, operational, financial responsibility, confidentiality, protective-measure and suspension-related rules for OCC applicants and Clearing Members.

AI Summary

The SEC and CFTC have issued a joint final rule further extending the compliance date for the February 8, 2024 Form PF amendments from October 1, 2026 to July 1, 2027, while they consider comments on proposed 2026 Form PF amendments.

AI Summary

The SEC proposed broad amendments to federal transfer agent rules, including registration/reporting changes, modernized recordkeeping, settlement-cycle-aligned processing standards, risk management, inactive securityholder communications, compliance programs, and restrictive legend controls. The proposal is not yet final; comments are due 60 days after Federal Register publication.

AI Summary

CSSF Circular 25/882, as amended by Circular CSSF 26/915, provides Luxembourg practical instructions for DORA-related ICT third-party notifications, register-of-information submissions, cloud computing classification, and related Luxembourg outsourcing controls. It applies immediately and is relevant to in-scope CSSF-supervised DORA financial entities and qualifying third-country branches, with carve-outs for Chapter 2 reporting by Luxembourg branches of EU-headed entities and significant credit institutions supervised by the ECB.

AI Summary

The FCA has published consumer research showing high reliance on AI by younger, less experienced UK investors and reiterating that general-purpose AI chatbots are not FCA-regulated. The release does not create new rules, deadlines or reporting obligations, but it signals a supervisory and conduct-risk focus for firms using or referencing AI in retail investment journeys.

AI Summary

The FCA has warned consumers and market participants that unregulated loan notes and mini-bonds remain high-risk products and should not usually be marketed widely to ordinary retail investors. The statement restates the FCA’s permanent marketing ban for speculative mini-bonds and loan notes, effective from 1 January 2021, and highlights continued use of exemptions, investor self-certification, introducers and online advertising that may expose consumers to loss and limited redress.

AI Summary

The FCA has issued a consumer warning on loan notes and mini-bonds issued by unregulated companies, highlighting continuing investor losses, unlawful promotions, introducer risks and limited redress where investments are made through unauthorised firms.

AI Summary

The SEC filed a civil complaint in the Southern District of New York alleging that former Tricolor executives orchestrated a multi-year fraud affecting subprime auto asset-backed securities and warehouse facilities. The action does not create new rules, but it materially heightens enforcement and control expectations for ABS sponsors, servicers, underwriters, trustees, lenders, investors, auditors and surveillance teams around collateral eligibility, lien status, delinquency reporting, charge-off treatment and data integrity.

AI Summary

The SEC has proposed amendments that would permit public companies to elect semiannual reporting instead of the current quarterly reporting model. The proposal would introduce Form 10-S for semiannual reports, with filing deadlines of 40 or 45 days depending on filer status. The amendments are proposed only and do not create current compliance obligations.

AI Summary

FINMA reports that the EAER/WBF amended Annexes 12, 13 and 14 to Switzerland’s Iran sanctions ordinance, updated SECO’s SESAM sanctions database, and reminded financial intermediaries to implement prohibitions, freeze assets, report affected relationships to SECO, and continue AMLA escalation where suspicion remains.

AI Summary

The FCA has issued a Decision Notice to Demetrios Christos Hadjigeorgiou, former CF1 Director and CF3 Chief Executive of SVS Securities Plc, deciding to impose an £84,600 penalty and a prohibition from senior management and significant influence functions. The findings are provisional because the matter has been referred to the Upper Tribunal.

AI Summary

The FCA has issued a Final Notice to Demetrios Christos Hadjigeorgiou, former CF1 Director and CF3 Chief Executive of SVS Securities Plc, imposing a £56,400 financial penalty and prohibiting him from performing any senior management function or significant influence function in relation to regulated activities.

AI Summary

ESMA has launched a consultation on draft RTS and ITS for annual EMIR reporting by clearing members and clients that clear through recognised third-country CCPs, with feedback requested by 12 October 2026.

AI Summary

FINMA announced that the Swiss Federal Department of Economic Affairs, Education and Research amended Annexes 2 and 8 to the Ukraine measures ordinance. Financial intermediaries must implement the prohibitions, freeze assets of sanctioned persons and report affected business relationships to SECO, while preserving separate AMLA clarification and MROS reporting duties.