February 2026 Regulatory Updates

Consumer Protection / Conduct

Topics:

Insurance

Capital Markets & Trading Banking & Credit

🇸🇬 MAS News low

February 27th 2026

ESMA consults on post-trade risk reduction services under EMIR 3 26 February 2026 Post Trading The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has launched a consultation on the requirements for how post-trade risk reduction (PTRR) services can benefit from the conditioned exemption from the clearing obligation introduced under the European Market Infrastructure Regulation (EMIR 3). ESMA is seeking feedback on several elements of the ...

AI Analysis

ESMA has launched a consultation on draft Regulatory Technical Standards (RTS) that establish requirements for **post-trade risk reduction (PTRR) services** to qualify for a conditioned exemption from the mandatory clearing obligation under EMIR 3. This framework is critical because it balances market efficiency gains from risk reduction tools against systemic risk concerns, requiring compliance professionals to understand new operational, transparency, and monitoring requirements before the standards take effect.

Sectors:

Topics:

Reporting & Disclosure Prudential / Capital Requirements Operational Resilience / Outsourcing

Broker DealerAsset ManagerBank

🇪🇺 ESMA News medium

February 26th 2026

ESMA issues a supervisory briefing on algorithmic trading

ESMA issues a supervisory briefing on algorithmic trading 26 February 2026 Trading The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today published a supervisory briefing to support consistent supervision of algorithmic trading across the EU. The briefing provides National Competent Authorities (NCAs) with practical tools and clarified expectations for supervising firms engaged in algorithmic trading under MiFID II. It focuses on key a...

Sectors:

Technology & Cyber Operational Resilience / Outsourcing Authorisation & Licensing

Topics:

Broker DealerFintechAll Firms

Investment Management Capital Markets & Trading Crypto & Digital Assets

🇺🇸 SEC News medium

February 26th 2026

SEC Announces Roundtable on Private Markets Valuation As Retail Investor Access Accelerates

The Securities and Exchange Commission today announced it will hold a roundtable on March 4 to discuss private market valuations and responsible retailization.The roundtable will be hosted by the Division of Investment Management from 1 p.m. to 3 p.m. ET…

Sectors:

Topics:

Consumer Protection / Conduct Reporting & Disclosure Authorisation & Licensing

Asset ManagerBroker DealerFintech

Banking & Credit Wealth & Private Banking

🇨🇭 FINMA News high

February 26th 2026

Measures at MBaer Merchant Bank AG

The US Financial Crimes Enforcement Network (FinCEN) announced today that it considers MBaer Merchant Bank AG to be a financial institution of primary money laundering concern. FINMA is in contact with the bank and FinCEN in connection with the case. The enforcement proceedings previously concluded by FINMA against the bank are currently pending before the Federal Administrative Court. FINMA has appointed an audit agent at the bank.

Sectors:

Topics:

AML / Financial Crime Prudential / Capital Requirements

Bank

Banking & Credit Investment Management Wealth & Private Banking

🇱🇺 CSSF News medium

February 26th 2026

Directive (EU) 2026/470 of the European Parliament and of the Council of 24 February 2026

No description available.

Sectors:

Topics:

AML / Financial Crime Consumer Protection / Conduct Reporting & Disclosure

BankWealth ManagerAsset Manager

Banking & Credit Investment Management Wealth & Private Banking

🇬🇧 BoE News

February 26th 2026

Court minutes from 2023 that were previously redacted

The Bank's Court of Directors acts as a unitary board, setting the organisation's strategy and budget and taking key decisions on resourcing and appointments. Required to meet a minimum seven times per year, it has five executive members from the Bank and up to nine non-executive members.

Sectors:

Topics:

Prudential / Capital Requirements Operational Resilience / Outsourcing Reporting & Disclosure

BankAsset ManagerWealth Manager

Banking & Credit Investment Management Payments & E-Money

🇬🇧 BoE News medium

February 26th 2026

Minutes of the Meeting of the Court of Directors held on 9 December 2025

The Bank's Court of Directors acts as a unitary board, setting the organisation's strategy and budget and taking key decisions on resourcing and appointments. Required to meet a minimum seven times per year, it has five executive members from the Bank and up to nine non-executive members.

Sectors:

Topics:

Prudential / Capital Requirements Operational Resilience / Outsourcing Technology & Cyber

BankAsset ManagerFintech

Banking & Credit Payments & E-Money Crypto & Digital Assets

🇨🇭 FINMA Enforcement critical

February 26th 2026

Sanktionen: Russland und Belarus

Der Bundesrat hat am 25. Februar 2026 beschlossen, die weiteren Massnahmen des 19. Sanktionspakets der Europäischen Union (EU) gegenüber Russland zu übernehmen. Die neuen Massnahmen treten am 26. Februar 2026 in Kraft.

AI Analysis

Switzerland's Federal Council adopted additional measures from the EU's 19th sanctions package against Russia and Belarus on February 25, 2026, effective immediately on February 26, 2026, expanding asset freezes to approximately 2,600 persons, entities, and organizations. This matters for Swiss financial intermediaries as it introduces new prohibitions on crypto services to Russian nationals and firms, transactions with ruble-pegged stablecoins like "A7A5", and extended bans on specialized messaging services for payments, alongside trade restrictions, requiring urgent asset screening and reporting to SECO.

What Changed

Crypto Restrictions: Complete ban on providing any crypto services to Russian nationals and companies; prohibition on transactions involving specific ruble-backed crypto assets, such as the stablecoin "A7A5". Payment Systems: Expansion of bans on using certain specialized messaging services for payment traffic. Trade/Goods Bans: Expanded list of goods contributing to Russia's military/technological strengthening, including metals for weapon systems, fuel production products, and acyclic hydrocarbons (key revenue source for Russia); additional goods added to purchase/import bans. Sanctions...

What You Need To Do

Implement all prohibitions immediately
Screen and freeze assets of sanctioned persons/entities (~2,600 total); report affected business relationships to SECO
Conduct additional due diligence under Art
Update sanctions screening tools, client onboarding, and transaction monitoring for new crypto/trade restrictions; review exposures to energy/finance goods listed

Key Dates

26 February 2026 - New measures from EU 19th sanctions package enter into force in Switzerland.

12 December 2025 - Initial adoption of partial 19th package measures, adding 64 persons/organizations to Swiss sanctions list.

13 December 2025 - Entry into force of December 2025 sanctions expansions (related prior update).

Compliance Impact

Urgency: Critical - Effective today (26 February 2026), requiring immediate asset freezes, service halts, and SECO reporting to avoid violations punishable by fines up to CHF 540,000 or 5 years imprisonment (severe cases referred to federal prosecutor); GwG suspicions add AML reporting layers with CHF 100,000 fines for non-reporting. Crypto bans directly target growing evasion risks, amplifying exposure for digital asset firms amid Russia's war economy circumvention tactics.

References

Sectors:

Topics:

AML / Financial Crime Reporting & Disclosure

BankPayment ProviderCrypto Exchange

Banking & Credit Investment Management Wealth & Private Banking

🇨🇭 FINMA Enforcement high

February 26th 2026

Aktualisierte Sanktionsmeldung: Sudan

Das Eidgenössische Departement für Wirtschaft, Bildung und Forschung WBF hat eine Änderung des Anhangs der Verordnung vom 25. Mai 2025 über Massnahmen gegenüber Sudan (SR 946.231.18) publiziert.

AI Analysis

This FINMA publication announces an update to the Swiss sanctions list for Sudan following changes by the UN Sanctions Committee on February 24, 2026, directly incorporated into Switzerland's SESAM database by SECO on February 25, 2026. It matters because financial intermediaries must immediately freeze assets of newly listed parties and report to SECO, while continuing AML due diligence under the GwG (Anti-Money Laundering Act), to avoid enforcement risks from non-compliance with Embargo Act (EmbG) obligations.

What Changed

The UN Sanctions Committee for Sudan amended its list of sanctioned natural persons, companies, and organizations on February 24, 2026. SECO updated the SESAM (SECO Sanctions Management) database and published the changes on its website on February 25, 2026. This triggers direct applicability in Switzerland under the Federal Council's 2016 ordinance for automatic adoption of UN sanctions lists, amending Annex of SR 946.231.18 (Ordinance on Measures against Sudan). Financial intermediaries are required to implement prohibitions, freeze assets, and report affected business relationships to...

What You Need To Do

Screen client portfolios, accounts, and transactions against the updated SESAM Sudan list via SECO's website or MyFINMA notifications
Freeze (block) assets of any matches and implement transaction prohibitions per the ordinance
Report affected business relationships to SECO promptly
Conduct additional due diligence under Art
Monitor FINMA's sanctions page for ongoing updates: https://www

Key Dates

February 24, 2026 - UN Sanctions Committee amends Sudan list.

February 25, 2026 - SECO updates SESAM database and publishes on its website; changes directly applicable in Switzerland.

Immediate (upon publication) - Financial intermediaries must freeze assets and report to SECO; no fixed deadline specified, but "unverzüglich" (without delay) for GwG AML reporting if suspicions persist. DEADLINE

2026 , 23:00 CET** - Earlier urgent amendment to Annex 2 effective.

Compliance Impact

Urgency: High - Changes are directly applicable with no grace period, requiring immediate asset freezes and reporting to mitigate FINMA enforcement risks (e.g., coercive measures under administrative law). Non-compliance exposes firms to supervisory sanctions, reputational damage, and potential criminal liability under EmbG/GwG, especially amid frequent UN list updates (e.g., recent February 18 change). Firms with Sudan exposure or high-risk clients must prioritize automated screening tools and training.

References

Sectors:

Topics:

AML / Financial Crime Reporting & Disclosure

BankAsset ManagerWealth Manager

Banking & Credit Investment Management Insurance & Pensions

🇮🇪 CBI Enforcement high

February 26th 2026

Central Bank sets out its regulatory and supervisory priorities against the backdrop of geoeconomic shifts and accelerating technological changes that are reshaping the financial system

The Central Bank has today published its Regulatory & Supervisory Outlook 2026 , which sets out its latest assessment of the risk landscape facing the financial sector and the supervisory work it will undertake in response. This follows on from the Governor’s letter to the Tánaiste on the economic outlook and regulatory priorities in January . This is the third year of the report, which continues to be set against a backdrop of a changing, uncertain and increasingly complex external environme...

AI Analysis

The Central Bank of Ireland (CBI) has published its **Regulatory & Supervisory Outlook 2026**, outlining priorities shaped by geoeconomic fragmentation, technological acceleration, and elevated risks like operational resilience, cyber threats, data/AI, and consumer protection. This matters for compliance professionals as it signals intensified supervisory scrutiny, including desktop and onsite inspections, across Ireland's financial sector to ensure resilience and adaptability amid uncertainties.[https://www.centralbank.ie/news/article/press-release-central-bank-sets-out-its-regulatory-and-supervisory-priorities-26-february-2026][https://www.ogier.com/news-and-insights/insights/regulatory-outlook-2026-the-central-bank-of-ireland-s-priorities-explained/]

What Changed

No new binding regulatory requirements are introduced in this publication, which serves as a strategic outlook rather than enforceable rules. Key shifts in risk assessment include elevated operational risks (due to geopolitics, digitalisation, complex models), increased asset valuation/market risks, and rising data/models/AI risks, while inflation/interest rate risks have decreased.

What You Need To Do

Conduct robust scenario testing and risk assessments for operational resilience, cyber threats, credit/market/liquidity risks, and document outcomes within compliance monitoring programs
Implement revised CPC by 24 March 2026, assessing scope changes and business impacts
Enhance financial crime controls, including fraud victim support, scam awareness, and market abuse detection; monitor AMLA developments
Embed ESG/climate risks into governance, risk management, and business models, preparing for SFDR 2
Review AI/data/models usage and operational frameworks for supervisory inspections; engage with CBI Innovation Sandbox if applicable

Key Dates

24 March 2026 - Revised Consumer Protection Code (CPC) takes effect, following 12-month lead-in; firms must ensure full implementation.[https://www.ogier.com/news-and-insights/insights/regulatory-outlook-2026-the-central-bank-of-ireland-s-priorities-explained/] DEADLINE

H1 2026 - CBI consultation on new Regulatory Impact Assessment (RIA) Framework.[https://maples.com/regulatory-round-up/central-bank-of-ireland-update-and-supervisory-approach-for-2026-fund-service-providers][https://www.centralbank.ie/docs/default-source/regulation/transforming-regulation-and-supervision/regulating-supervising-well-a-more-effective-and-efficient-framework.pdf]

Summer 2027 - Anti-Money Laundering Authority (AMLA) single rulebook implementation, influencing financial crime priorities.[https://www.ogier.com/news-and-insights/insights/regulatory-outlook-2026-the-central-bank-of-ireland-s-priorities-explained/]

2026-2027 - Ongoing desktop/onsite reviews on operational resilience, ESG/climate, and supervisory priorities across sectors.[https://www.ogier.com/news-and-insights/insights/regulatory-outlook-2026-the-central-bank-of-ireland-s-priorities-explained/]

Compliance Impact

Urgency: High – This outlook directly previews intensified 2026 supervision, with operational/cyber resilience and consumer protection as "key concerns" likely triggering unannounced inspections and enforcement. Firms risk findings on outdated resilience testing or CPC gaps, especially amid elevated risks; proactive alignment now prevents remediation costs and sanctions, given CBI's efficiency roadmap and international...

References

Sectors:

Topics:

Operational Resilience / Outsourcing Consumer Protection / Conduct Technology & Cyber

BankAsset ManagerAll Firms

Investment Management Wealth & Private Banking Consumer Credit

🇬🇧 FCA Policy medium

February 26th 2026

Payments Vision Delivery Committee publishes Payments Forward Plan

The Payments Vision Delivery Committee (the Committee) has published the Payments Forward Plan (the Plan). Read the Plan on GOV.UKThe Committee comprises:HM TreasuryBank of EnglandFinancial Conduct AuthorityPayment Systems RegulatorThe Plan sets out upcoming initiatives across retail and wholesale payments, including elements of digital assets. Recent publications on open banking, stablecoins and contactless limits, alongside the initiatives in the Plan, show the high level of activity across...

AI Analysis

The Payments Vision Delivery Committee—comprising HM Treasury, Bank of England, FCA, and Payment Systems Regulator—has published the **Payments Forward Plan**, a three-year regulatory roadmap for retail, wholesale payments, and digital assets, aligning with the UK's National Payments Vision for a trusted, innovative ecosystem. This matters for compliance teams as it provides sequencing and milestones for multiple initiatives, enabling proactive planning amid high regulatory activity, including PSR consolidation into FCA and infrastructure upgrades. It signals coordinated efforts to boost competition, resilience, and innovation while minimizing sector capacity strain.[FCA publication]

What Changed

No immediate binding regulatory changes are imposed by the Plan itself; it is a forward-looking roadmap outlining planned initiatives rather than new rules. Key elements include: Modernisation of payments framework: Consolidation of PSR into FCA, with HMT consultation response in Q1 2026; data/operational enhancements to Faster Payments and Bacs by end-2026. Infrastructure upgrades: Short-term resilience improvements to Faster Payments and Bacs (end-2026); exploration of regulated stablecoins for on-chain settlement (H1 2026). Safeguarding enhancements: FCA Supplementary Regime effective May...

What You Need To Do

Review the full Plan on GOV.UK (https
Engage proactively
Stablecoin firms
Monitor and plan
Internal audit

Key Dates

Q1 2026 - HMT consultation response on PSR consolidation into FCA .

Jan-Apr 2026 - FCA engagement with sector on Supplementary Safeguarding Regime .

Feb-Mar 2026 - Independent assessment of proposals for standards setting body .

Spring 2026 - HMT update on Consumer Credit Act reform .

18 January 2026 - Deadline for stablecoin issuers to apply to FCA regulatory sandbox (related push for innovation).

Compliance Impact

Urgency: Medium. This is a planning document, not enforceable rules, but its milestones trigger near-term actions (e.g., Q1 2026 engagements, May 2026 safeguarding). It matters because it coordinates high-activity areas like PSR-FCA merger and stablecoins, reducing surprises but demanding resource allocation for innovation/resilience amid sector capacity constraints. Firms delaying review risk missing input opportunities or readiness gaps, especially with VRP/stablecoin momentum.

Sectors:

Topics:

Consumer Protection / Conduct Prudential / Capital Requirements Authorisation & Licensing

Asset ManagerWealth ManagerBank

Banking & Credit Wealth & Private Banking

🇦🇺 ASIC News high

February 26th 2026

ASIC cancels AFS licence of Private Wealth Pty Ltd

Sectors:

Topics:

Consumer Protection / Conduct Authorisation & Licensing

Wealth Manager

Banking & Credit Investment Management Insurance & Pensions

🇸🇬 MAS News medium

February 26th 2026

Reply to COS Cuts on Adequate Provision of ATMs and VTMs, Mandating the Acceptance of Cash, Sustainability of EQDP and Insurance for Persons with Disabilities

Reply at Committee of Supply 2026 on Adequate Provision of ATMs and VTMs, Mandating the Acceptance of Cash, Sustainability of EQDP and Insurance for Persons with Disabilities

Sectors:

Topics:

Consumer Protection / Conduct Prudential / Capital Requirements Operational Resilience / Outsourcing

BankWealth ManagerInsurance

Banking & Credit Investment Management Wealth & Private Banking

🇦🇪 DFSA News medium

February 26th 2026

Notice of Amendments to Legislation: February 2026

Sectors:

Topics:

AML / Financial Crime Prudential / Capital Requirements Reporting & Disclosure

BankWealth ManagerAsset Manager

Capital Markets & Trading Crypto & Digital Assets

🇺🇸 CFTC Enforcement high

February 25th 2026

CFTC Enforcement Division Issues Prediction Markets Advisory

No description available.

AI Analysis

The CFTC Enforcement Division issued an advisory on February 25, 2026, detailing two enforcement cases involving illegal trading on prediction markets (event contracts) traded on KalshiEX, a Designated Contract Market. The advisory clarifies that the CFTC maintains full enforcement authority over prediction markets and will prosecute violations including insider trading, market manipulation, and fraud—establishing critical compliance expectations for platforms and traders in this emerging asset class.

Sectors:

Topics:

Market Abuse / Surveillance Authorisation & Licensing Consumer Protection / Conduct

Crypto ExchangeBroker Dealer

Banking & Credit Investment Management Capital Markets & Trading

🇯🇵 JFSA News medium

February 25th 2026

Councils,The Expert Panel on the Revision of the Corporate Governance Code (2nd meeting) Material

No description available.

Sectors:

Topics:

Prudential / Capital Requirements Operational Resilience / Outsourcing Senior Managers / Governance

BankAsset ManagerBroker Dealer

🇸🇦 SAMA News low

February 25th 2026

SAMA Announces Opening of Applications for “Saudi Economists” Track Under SPP

Sectors:

Authorisation & Licensing

Topics:

Bank

Banking & Credit Wealth & Private Banking Payments & E-Money

🇪🇺 ESMA Consultation high

February 25th 2026

The EBA and ESMA consult on revised suitability assessment requirements for banks and investment firms

The EBA and ESMA consult on revised suitability assessment requirements for banks and investment firms 25 February 2026 Investor protection The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) today launched a consultation on the revised joint guidelines on the assessment of the suitability of members of the management body and key function holders . The revised guidelines form part of a broader package designed to harmonise suitability assessments and...

AI Analysis

The EBA and ESMA have launched a consultation on revised joint guidelines updating suitability assessments for management body members and key function holders in banks and investment firms, incorporating new requirements from the revised CRD and MiFID II to enhance harmonization and supervisory convergence. This matters for compliance professionals as it introduces mandatory assessments for additional roles, strengthens AML/CFT links, and includes simplifications to reduce burdens, potentially impacting governance processes once finalized and replacing the 2021 guidelines.

What Changed

Incorporation of revised CRD requirements for large institutions, including ex-ante applications where authorities perform ex-post assessments, and mandatory suitability assessments for key roles like heads of control functions and chief financial officers. Expanded application to CRD-covered entities and MiFID II investment firms, with further specifications for third-country branches. Strengthened integration with AML/CFT framework, providing guidance on identifying reasonable grounds to suspect money laundering or terrorist financing risks during assessments. Introduction of targeted...

What You Need To Do

Review full consultation papers on EBA (https
Assess current suitability processes against new requirements (e
For large institutions, evaluate EBA RTS on documentation and align internal templates (e
Participate in public hearings on 15 April 2026 if relevant
Plan governance updates, including ongoing monitoring of collective/individual suitability and corrective measures

Key Dates

25 May 2026 - Deadline for submitting comments on joint guidelines and EBA RTS. DEADLINE

15 April 2026, 14:00-15:30 - Public hearing on joint guidelines.

15 April 2026, 15:30-16:30 - Public hearing on EBA RTS.

Post-25 May 2026 - EBA publishes all contributions (unless requested otherwise).

TBD (post-consultation) - Revised guidelines enter into force, repealing 2021 guidelines.

Compliance Impact

Urgency: High - As a consultation launched today (25 February 2026), firms have ~3 months to engage, but final guidelines will repeal existing ones, mandating process updates for core governance/AML functions in banks and investment firms; delays risk non-compliance with harmonized EU standards, especially for large institutions facing RTS on documentation. Matters due to expanded scope (e.g., CFOs, third-country branches) and AML ties, amplifying fit-and-proper regime enforcement amid supervisory convergence push.

Das Eidgenössische Departement für Wirtschaft, Bildung und Forschung WBF hat Änderungen des Anhangs 8 der Verordnung vom 4. März 2022 über Massnahmen im Zusammenhang mit der Situation in der Ukraine (SR 946.231.176.72) publiziert.

AI Analysis

On February 23, 2026, Switzerland's State Secretariat for Economic Affairs (SECO) updated Annex 8 of the Ukraine Sanctions Ordinance (SR 946.231.176.72), with changes taking effect on February 24, 2026 at 11:00 PM UTC. This represents the latest iteration of Switzerland's Russia sanctions regime, requiring financial intermediaries to immediately implement new prohibitions, freeze assets of designated persons, and report affected business relationships to SECO—with mandatory additional due diligence under anti-money laundering law if suspicions cannot be resolved.

Sectors:

Topics:

AML / Financial Crime Reporting & Disclosure Operational Resilience / Outsourcing

BankWealth ManagerPayment Provider

Crypto & Digital Assets Payments & E-Money

🇬🇧 FCA News medium

February 25th 2026

FCA selects 4 firms to test stablecoin innovation in its Regulatory Sandbox

The FCA has chosen 4 companies to test how their stablecoin services work with proposed regulation in a safe environment. The stablecoins cohort is part of our commitment to supporting growth and innovation in UK financial services. 20 applications were received and the FCA has chosen the following firms:Monee Financial TechnologiesReStabiliseRevolutVVTXThe Regulatory Sandbox programme allows firms to trial stablecoin products in real world conditions with appropriate safeguards. It will help...

Sectors:

Topics:

Authorisation & Licensing Consumer Protection / Conduct Technology & Cyber

FintechCrypto ExchangePayment Provider

Banking & Credit Consumer Credit Mortgage & Lending

🇬🇧 FCA News medium

February 25th 2026

FCA proposes action to close gaps in borrowers’ credit files

Lenders could have access to more comprehensive information to support lending decisions, under new proposals by the FCA. The FCA is consulting on designating certain credit reference agencies (CRAs). If a lender shares credit information with one designated consumer CRA, it would be required to share it with them all.The changes aim to close gaps in consumers’ credit files and ensure these more accurately reflect people’s financial circumstances.Alison Walters, director of consumer finance a...

Sectors:

Topics:

Consumer Protection / Conduct Reporting & Disclosure Authorisation & Licensing

BankFintechAll Firms

Banking & Credit Investment Management Wealth & Private Banking

🇬🇧 PRA Consultation medium

February 25th 2026

CP4/26 – UK Solvency II Own Funds: Updates and fixes to rules and expectations

Consultation paper 4/26

AI Analysis

CP4/26 proposes targeted amendments to UK Solvency II own funds rules in the PRA Rulebook, addressing inconsistencies, clarifying requirements, and restating EU guidelines for better accessibility. These updates matter as they reduce regulatory burden, enhance clarity, and align rules with market practices, supporting PRA objectives of firm safety, policyholder protection, and competitiveness without introducing new risks.

What Changed

Amendments to prior permission requirements for repaying or redeeming Tier 1 and Tier 3 own funds instruments, clarifying application to items classified under own funds permissions. Clarification that Tier 2 basic own funds items can cover 20% of the Minimum Capital Requirement (MCR), while Tier 2 Ancillary Own Funds cannot. Requirement that both minimum maturity date and first contractual opportunity to redeem must be met for Tier 1 and Tier 2 basic own funds classification. Correction to reconciliation reserve calculation to avoid canceling eligible own funds increases from classification...

What You Need To Do

Review and respond to consultation by 24 April 2026 via email to CP4_26@bankofengland
Assess current own funds instruments against proposed clarifications (e
Evaluate reconciliation reserve calculations for potential adjustments post-permission grants
Engage PRA on concurrent transactions (e
Prepare for Rulebook updates by mapping impacts to Own Funds, Reporting, Group Supervision, Glossary, and SCR Standard Formula parts

Key Dates

24 April 2026 - Consultation response deadline. DEADLINE

2026 H2 - Publication of dedicated policy statement (PS) with effective date for remaining changes.

Compliance Impact

Urgency: Medium – Proposals are refinements and clarifications rather than new burdens, with modest impacts focused on error corrections and alignment with practices; however, they affect core own funds calculations critical for solvency, requiring review before H2 2026 implementation to avoid misclassifications or PRA engagement delays.

Sectors:

Topics:

Consumer Protection / Conduct Reporting & Disclosure Authorisation & Licensing

BankWealth ManagerAsset Manager

Banking & Credit Investment Management Wealth & Private Banking

🇦🇺 ASIC News high

February 25th 2026

Sectors:

Topics:

AML / Financial Crime Consumer Protection / Conduct Authorisation & Licensing

BankWealth ManagerFintech

Capital Markets & Trading Crypto & Digital Assets

🇪🇺 ESMA Warning high

February 24th 2026

ESMA reminds firms of their obligations under CFD product intervention measures amid rising offerings of perpetual futures

ESMA reminds firms of their obligations under CFD product intervention measures amid rising offerings of perpetual futures 24 February 2026 Investor protection The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has issued a statement reminding firms of their obligation to assess whether newly offered products fall within the scope of existing product intervention measures on contracts for differences (CFDs). The statement responds to the...

Sectors:

Topics:

Consumer Protection / Conduct Authorisation & Licensing

Broker DealerCrypto ExchangeAll Firms

Banking & Credit Investment Management Wealth & Private Banking

🇱🇺 CSSF Warning high

February 24th 2026

Warning concerning the website www.capman-holding.com

No description available.

Sectors:

Topics:

AML / Financial Crime Consumer Protection / Conduct Authorisation & Licensing

Asset ManagerWealth ManagerBank

Banking & Credit Payments & E-Money Consumer Credit

🇺🇸 SEC Enforcement high

February 24th 2026

SEC’s Division of Enforcement Announces Updates to Enforcement Manual

The Securities and Exchange Commission’s Division of Enforcement today announced significant updates to its Enforcement Manual. These updates underscore the Commission’s ongoing commitment to fairness, transparency, and efficiency in the investigations…

AI Analysis

The SEC's Division of Enforcement announced updates to its Enforcement Manual on February 24, 2026, focusing on enhancing fairness, transparency, and efficiency in investigations through standardized procedures like the Wells process and settlement considerations. These changes, the first major revisions since 2017, introduce uniform timelines and best practices to streamline resolutions and improve dialogue with investigated parties. Compliance professionals should prioritize this as it directly affects how firms respond to SEC inquiries, potentially accelerating outcomes and reducing uncertainties in enforcement actions.

What Changed

The updates target investigative and enforcement procedures for greater consistency: Uniform Wells process: Recipients of a Wells notice receive four weeks to submit responses; Wells meetings are scheduled within four weeks of submission and include senior Division leadership. Guidance is provided on effective submissions to foster dialogue and timely resolutions. Simultaneous settlement and waiver consideration: Restores practice allowing settling parties to request Commission waivers from collateral consequences (e.g., disqualifications) alongside settlement offers, improving transparency...

What You Need To Do

Review the updated Enforcement Manual (https
Update internal policies for responding to Wells notices: Prepare submissions within four weeks, focusing on elements staff find "most helpful" (e
For settlements, incorporate simultaneous waiver requests in offers to leverage restored process and mitigate collateral impacts
Enhance cooperation strategies per new evaluation framework to potentially reduce civil penalties; document internal collaboration for enforcement interactions
Monitor annual Manual reviews via SEC Division of Enforcement page (https://www

Key Dates

February 24, 2026 - Updates to Enforcement Manual announced and effective; last major revision was 2017, with annual reviews planned going forward.

Four weeks from Wells notice receipt - Standard deadline for Wells submissions. DEADLINE

Four weeks from Wells submission receipt - Scheduling of Wells meetings with senior leadership.

Compliance Impact

Urgency: High - These procedural updates are immediately effective and alter critical interaction points with SEC staff, such as Wells responses and settlements, which can determine investigation closure, enforcement recommendations, or penalty severity. Firms under active scrutiny or anticipating inquiries gain from predictable timelines reducing prolonged uncertainty, but must adapt quickly to avoid suboptimal outcomes; non-compliance risks inefficient resolutions or missed cooperation credits.

We have signed a Memorandum of Understanding (MoU) with the Independent Football Regulator (IFR). The MoU establishes how the 2 organisations will work together and support effective regulation where football and financial services intersect.It also sets out a high-level framework for principles for cooperation between the IFR and the FCA.Read the MoU (PDF)

AI Analysis

The FCA has signed a Memorandum of Understanding (MoU) with the newly established Independent Football Regulator (IFR) to define cooperation on regulating intersections between football clubs and financial services, such as ownership suitability, licensing, and financial sustainability. This matters for compliance professionals as it formalizes information sharing and joint oversight, potentially impacting firms involved in football-related financing, investments, or consumer credit products tied to sports. It supports the Football Governance Act 2025 framework, enhancing regulatory alignment where financial misconduct could affect club operations.[https://www.fca.org.uk/news/statements/mou-independent-football-regulator-fca]

What Changed

Establishes a high-level framework of principles for cooperation between FCA and IFR, focusing on effective regulation at the football-financial services nexus. Outlines how the organizations will work together, including information sharing on matters like club owners' financial dealings, licensing compliance, and enforcement where financial services intersect with IFR's duties (e.g., suitability tests for owners/officers, financial resources thresholds).[https://www.fca.org.uk/news/statements/mou-independent-football-regulator-fca] Builds on prior MoUs (e.g., FCA-UKGC models) by addressing...

What You Need To Do

Review and map exposures
Enhance information sharing protocols
Incorporate IFR factors in due diligence
Monitor joint enforcement

Key Dates

Act 2025 implementation).[https://www.fca.org.uk/news/statements/mou-independent-football-regulator-fca]

2025 - Football Governance Act 2025 enactment Establishes IFR statutory powers, including provisional/full club licensing from this date onward.

Ongoing - IFR licensing rollout Clubs transition from provisional to full licenses once threshold conditions (e.g., financial resources, owner suitability) met; no fixed end-date.

Compliance Impact

Urgency: Medium – This MoU does not impose new binding rules or deadlines but signals heightened cross-regulator focus on football finances post-Football Governance Act 2025, risking enforcement overlaps or info requests. It matters for firms with niche exposures (e.g., sports financing) to avoid gaps in owner due diligence or financial promotions, potentially amplifying AML/conduct risks amid IFR's divestment powers.

References

Sectors:

Topics:

Authorisation & Licensing Senior Managers / Governance Reporting & Disclosure

BankFintechPayment Provider

🇭🇰 SFC News high

February 24th 2026

SFC obtains worldwide court orders in Hong Kong and England and Wales to freeze suspects’ assets up to HK$4.3 million in alleged insider dealing

No description available.

Sectors:

Market Abuse / Surveillance Reporting & Disclosure

Topics:

Broker DealerAsset Manager

Investment Management Wealth & Private Banking Capital Markets & Trading

🇦🇪 ADGM News medium

February 24th 2026

Madison Realty Capital Expands Global Platform With Launch Of Middle East Office

Sectors:

Topics:

Authorisation & Licensing Consumer Protection / Conduct ESG

Asset ManagerWealth ManagerBank

Banking & Credit Investment Management Wealth & Private Banking

🇦🇪 ADGM News

February 24th 2026

Polygreen Establishes Regional Holding Company In Adgm

Sectors:

Topics:

AML / Financial Crime Consumer Protection / Conduct Authorisation & Licensing

BankWealth ManagerFintech

Banking & Credit Payments & E-Money Consumer Credit

🇸🇬 MAS News low

February 24th 2026

Written reply to Parliamentary Question on Circulation of Five-Cent Coins

Sectors:

Topics:

Consumer Protection / Conduct Reporting & Disclosure Authorisation & Licensing

BankPayment ProviderAll Firms

Banking & Credit Capital Markets & Trading Crypto & Digital Assets

🇺🇸 CFTC News medium

February 23rd 2026

CFTC Chairman Selig Announces Senior Staff Appointments

No description available.

Sectors:

Topics:

Technology & Cyber Authorisation & Licensing Senior Managers / Governance

BankFintechCrypto Exchange

🇪🇺 ESMA Policy high

February 23rd 2026

ESMA simplifies MiFID II/ MiFIR obligations on market data

ESMA simplifies MiFID II/ MiFIR obligations on market data 23 February 2026 Guidelines and Technical standards Market data Trading The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has withdrawn its guidelines on the MiFID II/ MiFIR obligations on market data , effective immediately, reflecting its ongoing commitment to simplifying rules and reducing unnecessary compliance burdens for market participants. The decision aligns the framewo...

AI Analysis

ESMA has immediately withdrawn its guidelines on MiFID II/MiFIR market data obligations to align with the new Regulatory Technical Standards on making market data available on a reasonable commercial basis (RTS on RCB), reducing compliance burdens for market participants. This simplifies the regulatory framework by eliminating overlapping soft-law guidance, focusing firms on binding RTS requirements for data transparency, non-discrimination, and cost-based pricing. It matters as it streamlines operations amid broader MiFID II/MiFIR reviews, lowering costs while maintaining market integrity.

What Changed

Withdrawal of ESMA's previous guidelines on MiFID II/MiFIR market data obligations, effective immediately on 23 February 2026, to avoid overlap with binding rules. Full alignment with RTS on RCB, which sets criteria for transparency, non-discrimination, and reasonable commercial basis pricing of market data by trading venues and approved publication arrangements. Firms must now rely solely on RTS legal text for interpreting data provision, disclosure, and fee structures, without legacy interpretive guidance.

What You Need To Do

Review and map internal policies, procedures, and data disclosure practices directly to RTS on RCB criteria for transparency, non-discrimination, and cost-based pricing
Document compliance with RTS across asset classes and distribution channels; cease reliance on withdrawn guidelines
Contact ESMA at RCB@esma

Key Dates

23 November 2025 - RTS on RCB enters into force.

23 February 2026 - Withdrawal of legacy ESMA guidelines takes effect immediately.

22 August 2026 - End of transition period for pre-authorised market data providers to align contracts with RTS on RCB.

Compliance Impact

Urgency: High - Immediate guideline withdrawal requires prompt policy updates to avoid supervisory misalignment, though the 22 August 2026 transition eases contract changes for legacy providers. This matters as it reduces ambiguity and burdens in a simplifying regulatory environment, but non-compliance risks enforcement under binding RTS amid MiFID II/MiFIR reviews; proactive alignment prevents future disruptions.

References

Sectors:

Topics:

Broker Dealer

Capital Markets & Trading Banking & Credit Payments & E-Money

🇪🇺 ESMA Consultation high

February 23rd 2026

ESMA consults on guarantees as CCP collateral and on certain aspects of CCP investment policy

ESMA consults on guarantees as CCP collateral and on certain aspects of CCP investment policy 23 February 2026 CCP The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has launched a public consultation following the review of the European Market Infrastructure Regulation (EMIR 3). ESMA is encouraging all interested stakeholders, including non-financial counterparties (NFCs), to share their views about: the relevant conditions under which ...

AI Analysis

ESMA has launched a public consultation under EMIR 3 to gather stakeholder input on conditions for CCPs accepting public guarantees, public bank guarantees, and commercial bank guarantees as collateral, eligibility of debt instruments for CCP investment policies, and secured arrangements for emission allowances as margins or default fund contributions. This matters because it permanently broadens eligible collateral types and extends access to NFC clients, enhancing EU CCP efficiency, competitiveness, and accessibility amid liquidity pressures in energy and other markets.

Sectors:

Topics:

Prudential / Capital Requirements Reporting & Disclosure Operational Resilience / Outsourcing

BankBroker DealerAll Firms

Banking & Credit Crypto & Digital Assets

🇩🇪 BaFin Warning high

February 23rd 2026

Identity Fraud: BaFin Warns About Offers On Website krf-mbh(.)com

The German Federal Financial Supervisory Authority (BaFin) has issued a warning regarding offers available at the website krf-mbh(.)com, purportedly operated by Gesellschaft für Kryptoregisterführung GmbH based in Willich. However, these offerings do not originate from Gesellschaft für Kryptoregisterführung GmbH nor any of their staff members; it's a clear instance of identity fraud. Unauthorized individuals are providing unauthorized financial and cryptocurrency-related services through this...

Sectors:

Topics:

AML / Financial Crime Consumer Protection / Conduct Authorisation & Licensing

BankFintechCrypto Exchange

Banking & Credit Investment Management Wealth & Private Banking

🇩🇪 BaFin News high

February 23rd 2026

BaFin warns consumers about the websites weisbergadvisors(.)inc and weisbergadvisors(.)ai

The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the websites weisbergadvisors(.)inc and weisbergadvisors(.)ai. According to information available to BaFin, these websites are being used to offer financial and investment services without the required authorisation.

Sectors:

Topics:

Consumer Protection / Conduct Authorisation & Licensing

BankWealth ManagerFintech

Banking & Credit Capital Markets & Trading

🇱🇺 CSSF News medium

February 23rd 2026

Covered bond issue programme Authorisation Application Form (only in French)

Conditions relating to the organisation of the credit institution issuing covered bonds

Sectors:

Topics:

Authorisation & Licensing Prudential / Capital Requirements

Bank

Banking & Credit Capital Markets & Trading

🇱🇺 CSSF News medium

February 23rd 2026

Covered bond issue programme Authorisation Application Form

Conditions specific to each covered bond issue programme

Sectors:

Topics:

Authorisation & Licensing Prudential / Capital Requirements

Bank

Banking & Credit Investment Management Wealth & Private Banking

🇱🇺 CSSF News medium

February 23rd 2026

Launch of a dedicated page for the Luxembourgish covered bonds (“lettres de gage”) framework on the CSSF website

No description available.

Sectors:

Topics:

Prudential / Capital Requirements Authorisation & Licensing Reporting & Disclosure

BankWealth Manager

Banking & Credit Investment Management Wealth & Private Banking

🇸🇬 MAS News low

February 23rd 2026

Consumer Price Developments in January 2026

This January 2026 report contains an update of the latest consumer price developments in Singapore, prepared by MAS and the Ministry of Trade and Industry.

Sectors:

Topics:

Consumer Protection / Conduct Reporting & Disclosure Prudential / Capital Requirements

BankWealth ManagerAsset Manager

🇺🇸 FINRA regulatory_notice medium

February 23rd 2026

Regulatory Notice 26-04

FINRA publishes Notices to provide firms with timely information on a variety of issues. To obtain a Notice published prior to 1995, please contact FINRA MediaSource at (240) 386-4200.

Sectors:

Authorisation & Licensing Consumer Protection / Conduct

Topics:

Broker DealerAll Firms

Banking & Credit Investment Management Wealth & Private Banking

🇬🇧 FCA News high

February 20th 2026

Influencers fined for issuing unauthorised financial promotions

Seven social media influencers have been sentenced at Southwark Crown Court for their role in the promotion of an unauthorised foreign exchange trading scheme. Biggs Chris, Jamie Clayton, Lauren Goodger, Rebecca Gormley, Yazmin Oukhellou, Scott Timlin and Eva Zapico all pleaded guilty to one count of issuing unauthorised financial promotions.The outcomes were:Lauren Goodger was fined £3,750 and ordered to pay costs of £5,778.18.Biggs Chris was fined £600 and ordered to pay costs of £1,000.Jam...

Sectors:

Topics:

Consumer Protection / Conduct Authorisation & Licensing Market Abuse / Surveillance

Asset ManagerWealth ManagerFintech

Banking & Credit Consumer Credit Mortgage & Lending

🇬🇧 PRA Policy high

February 20th 2026

PS5/26 – Credit Union Service Organisations

Policy statement 5/26

AI Analysis

PRA Policy Statement PS5/26 finalizes rules permitting UK credit unions to invest in Credit Union Service Organisations (CUSOs), expanding from the CP13/25 proposals to foster innovation, collaboration, and growth while managing prudential risks through safeguards like due diligence and investment caps. This matters as it enables credit unions—often smaller mutuals—to access shared services (e.g., HR, IT, compliance) via CUSOs, leveling the playing field against larger competitors and supporting the PRA's safety/soundness and competitiveness objectives.

What Changed

Investment permission and cap increase: Credit unions can now invest in CUSOs using own capital, with the cap raised from 5% to 7.5% of total capital across all CUSOs (clarifications added on practical application, e.g., aggregation). Expanded CUSO scope: CUSOs can now serve other UK-regulated mutuals (with Part 4A permission) beyond just credit unions; partnerships with non-credit unions permitted as owners, subject to safeguards. Supervisory expectations in SS2/23: New chapter requires due diligence, risk analysis, limited liability to investment amount, legal/operational separation,...

What You Need To Do

Review and update policies
Ensure structural safeguards
Governance alignment
Implementation planning
Reporting/oversight

Key Dates

24 October 2025 - Consultation response deadline for CP13/25. DEADLINE

20 February 2026 - Publication date of PS5/26 (final policy).

~20 August 2026 - Implementation deadline for SS2/23 CUSO expectations (six months from PS5/26 publication). DEADLINE

Compliance Impact

Urgency: High – Credit unions eyeing CUSOs for growth (e.g., shared services) must act promptly within the six-month window to avoid supervisory breaches, as this expands opportunities but introduces new prudential risks (e.g., ownership misalignment, capital exposure). Non-compliance risks heightened PRA scrutiny, especially post-PS26/25 mutual sector review; benefits justify costs only for opt-in firms, but proactive preparation ensures safety/soundness.

References

Sectors:

Topics:

Prudential / Capital Requirements Operational Resilience / Outsourcing Authorisation & Licensing

BankFintechAll Firms

Capital Markets & Trading Banking & Credit Investment Management

🇪🇺 ESMA Guidance high

February 20th 2026

ESMA publishes a supervisory briefing on the AAR representativeness obligation

ESMA publishes a supervisory briefing on the AAR representativeness obligation 20 February 2026 CCP The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published a supervisory briefing on the representativeness obligation linked to the active account requirement (AAR). The briefing sets out ESMA’s supervisory expectations for how counterparties should comply with and report on the AAR representativeness obligation. It provides guidanc...

AI Analysis

ESMA has published supervisory guidance clarifying how counterparties must comply with the **representativeness obligation** under the Active Account Requirement (AAR), a key component of EMIR 3 that mandates EU counterparties maintain active accounts at EU central counterparties (CCPs) and clear representative volumes of derivatives trades. This briefing is critical because market participants and regulators have held conflicting interpretations of the representativeness requirement, creating compliance uncertainty that this guidance now resolves.

Sectors:

Topics:

Reporting & Disclosure Operational Resilience / Outsourcing Prudential / Capital Requirements

Asset ManagerBroker DealerBank

Banking & Credit Payments & E-Money Crypto & Digital Assets

🇩🇪 BaFin Warning high

February 20th 2026

Identity Fraud: BaFin warns of unfair job offer on the website vios-beratung(.)de

The financial supervisory authority BaFin is warning about a dubious job advertisement on the website vios-beratung(.)de which allegedly operates from the VIOS Consulting GmbH, Bielefeld. However, the offers on this site do not come from the VIOS Consulting GmbH or its employees. This is identity fraud. Unknown operators are advertising private individuals with seemingly lucrative job opportunities that involve opening accounts for testing purposes and transferring money or cryptocurrencies a...

Sectors:

Topics:

AML / Financial Crime Consumer Protection / Conduct Authorisation & Licensing

BankFintechCrypto Exchange

Banking & Credit Investment Management Wealth & Private Banking

🇩🇪 BaFin News high

February 20th 2026

Tethys Investment Alliance: BaFin warns against offers in WhatsApp groups and indicates identity fraud at the expense of Tethys Investment Management LLC

The German Financial Supervisory Authority (BaFin) warns against the WhatsApp groups „Tethys Investment Alliance 771“ and „Tethys Investment Alliance-S62“, the websites „tethys-alliance.de“ and „tethys-uberblick.com“ as well as the apps „QVTCoinese“ und „QVTCoinese Pro“, which are allegedly operated by the Baku/Boston/Dubai-based company Tethys Investment Management LLC. In the WhatsApp groups consumers are enticed to trade financial products via the respective apps. It is suspected that the ...

Sectors:

Topics:

Consumer Protection / Conduct Authorisation & Licensing AML / Financial Crime

BankWealth ManagerFintech

🇪🇺 ESMA Enforcement high

February 20th 2026

ESMA sanctions Regis-TR for serious breaches of organisational obligations

ESMA sanctions Regis-TR for serious breaches of organisational obligations 19 February 2026 Press Releases Securities Financing Transactions Supervision Trade Repositories The European Securities and Markets Authority (ESMA), the European Union’s (EU) financial markets regulator and supervisor, has fined the trade repository (TR) REGIS-TR, S.A. a total of EUR 1,374,000 for seven infringements under the European Market Infrastructure Regulation (EMIR) and the Securities Financing Transactions ...

AI Analysis

ESMA has fined REGIS-TR, S.A. €1,374,000 for seven negligent breaches of organisational obligations under EMIR and SFTR, marking the first SFTR enforcement action and ESMA's highest fine against a trade repository. The breaches involved deficiencies in policies, procedures, organisational structure, operational risk management, and data confidentiality, compromising SFTR reporting and market data integrity. This underscores ESMA's intensified enforcement on trade repositories (TRs) to ensure high-quality data for market surveillance and financial stability.

What Changed

This is an enforcement decision, not new legislation, but it reinforces existing EMIR and SFTR requirements on TRs, particularly: Policies and procedures: Must be adequate to ensure compliance, with clear roles and responsibilities for governing bodies (breaches under EMIR Art. 78(3) and SFTR Art. 9(1), Point (c) Section I Annex I EMIR). Organisational structure: Must ensure business continuity and orderly functioning, especially for SFTR services (breach under SFTR). Operational risk management: Identify and minimise risks via systems, controls, and procedures (breaches under EMIR and SFTR,...

What You Need To Do

For REGIS-TR specifically
For all TRs
Audit organisational structure for SFTR business continuity and orderly functioning
Conduct operational risk assessments, implementing controls/systems to minimise risks under EMIR/SFTR
Enhance data confidentiality/integrity protections and misuse prevention measures

Key Dates

14 November 2013 - REGIS-TR initial registration with ESMA under EMIR.

7 May 2020 - REGIS-TR registration extended to SFTR reporting.

14 June 2024 - ESMA Supervisory Report identifying serious indications of breaches.

17 June 2024 - Public notice references investigations leading to findings (dated in decision docs).

17 February 2026 - ESMA Board of Supervisors meeting discussing the case.

Compliance Impact

Urgency: High – As the first SFTR enforcement and record TR fine (€1.374M), it demonstrates ESMA's commitment to punitive action on negligence causing systemic data risks, directly threatening market integrity and surveillance. TRs face immediate remediation pressure (three breaches ongoing), with fines amplified by duration/systemic factors; non-TRs using TRs risk indirect exposure via poor data quality. Firms should prioritise audits now to avoid similar "negligent" findings.

No description available.

AI Analysis

The ECB imposed €12.18 million in penalties on J.P. Morgan SE on 19 February 2026 for misreporting risk-weighted assets (RWAs) from 2019-2024 due to misclassification of corporate exposures (15 quarters) and improper exclusion of transactions in credit valuation adjustment (CVA) risk calculations (21 quarters), both attributed to serious negligence and internal control failures. This enforcement action underscores the ECB's focus on accurate prudential reporting, as underreported RWAs led to overstated capital ratios, distorting supervisory oversight of the bank's risk profile and capital adequacy. Compliance teams must prioritize RWA calculation integrity to avoid similar "severe" and "moderately severe" sanctions under the ECB's penalty guide.

What Changed

This is an enforcement action, not a new rule change, but it reinforces existing requirements under the Capital Requirements Regulation (CRR) for accurate RWA calculations, including proper classification of corporate exposures for credit risk and inclusion of all relevant transactions in CVA risk (which measures counterparty default risk in derivatives). The ECB applied its Guide to the method of setting administrative pecuniary penalties, categorizing breaches as "severe" (credit risk) and "moderately severe" (CVA risk), based on duration, negligence, and impact on supervisory transparency.

What You Need To Do

Conduct immediate RWA process reviews
Strengthen internal controls
Enhance reporting accuracy
Monitor ECB sanctions page (https
J.P. Morgan specifically

Key Dates

2019-2024 - Period of breaches: 15 quarters of corporate exposure misclassification and 21 quarters of CVA transaction exclusions.

19 February 2026 - ECB publishes decision imposing €12.18 million penalties on J.P. Morgan SE.

Within time limits under Article 263 TFEU - Deadline for J.P. Morgan to challenge the decision before the Court of Justice of the European Union (typically 2 months from notification). DEADLINE

Compliance Impact

Urgency: High – This recent (published yesterday) ECB action against a major global bank signals intensified enforcement on RWA reporting, with penalties scaling by breach severity and duration; firms with derivatives or corporate lending books face elevated remediation pressure to prevent distorted capital views and fines up to "extremely severe" levels. It matters because RWAs directly underpin capital requirements, and control failures erode supervisory trust, potentially triggering broader SSM investigations.

Our clarification about forbearance following the introduction of the new Public Offers and Admissions to Trading Regulations (POATRs) regime. On 19 January 2026, the Public Offers and Admissions to Trading Regulations (POATRs) regime and associated changes to our listing processes in the UK Listing Rules (UKLR) came into force. These changes introduced a requirement in the Prospectus Regime Manual (PRM 1.6.4R) for issuers to notify a Regulatory Information Service (RIS) of any admission to t...

AI Analysis

The FCA's statement clarifies forbearance on overlapping notification requirements for admissions to trading under the new POATRs regime effective 19 January 2026, addressing confusion from removed block listing exemptions in UKLR. It matters because it provides temporary relief from duplicative RIS notifications for frequent issuers, preventing unintended supervisory burdens while the FCA consults on rule amendments.

What Changed

POATRs and UKLR Updates: Effective 19 January 2026, PRM 1.6.4R requires issuers to notify a Regulatory Information Service (RIS) of any admission to trading within 60 days, allowing grouping of multiple admissions for proportionality. Overlapping UKLR Rules: Provisions in UKLR 6.4.4R(4), 13.3.20R(4), 14.3.17R(4), 16.3.16R(4), and 22.2.17R(4) require "as soon as possible" RIS notifications for new equity issues or public offers, conflicting with the 60-day rule post-block listing deletion (former UKLR 20.6). Forbearance Policy: FCA will not take enforcement action for non-compliance with the...

What You Need To Do

Review ongoing/future issuances against former block listing criteria: confirm securities unissued pre-19 January 2026 and same purpose to rely on forbearance
Implement PRM 1.6.4R
Monitor FCA announcements for consultation launch and updates; prepare responses if issuing frequently
Document reliance on forbearance (e
No immediate "as soon as possible" notifications needed under forbearance for qualifying cases

Key Dates

19 January 2026 - POATRs regime and UKLR changes effective, including PRM 1.6.4R (60-day RIS notification) and deletion of UKLR 20.6 block listings.

19 January 2026 - Cut-off for securities under former block listings to qualify for forbearance (must not have been issued/offered prior). DEADLINE

Shortly after February 2026 - FCA consultation on removing UKLR 6.4.4R(4) and equivalents (no exact date specified).

Compliance Impact

Urgency: Medium - Forbearance reduces immediate risk of enforcement for qualifying issuers, but ongoing POATRs compliance (60-day notifications) is mandatory. Matters for operational efficiency, as misalignment could lead to duplicative reporting costs; non-qualifying issuances risk breaches until consultation resolves.

References

Sectors:

Topics:

All Firms

🇪🇺 ESMA Consultation medium

February 19th 2026

ESMA seeks input to streamline and simplify its market abuse guidelines

ESMA seeks input to streamline and simplify its market abuse guidelines 19 February 2026 Market Abuse Market Integrity The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has launched a consultation proposing amendments to its Market Abuse Regulation (MAR) guidelines on the delay in the disclosure of inside information. The proposals align the guidelines with the disclosure regime as amended by the Listing Act, ensuring issuers face fewer...

AI Analysis

ESMA has launched a consultation on amending its Market Abuse Regulation (MAR) guidelines on delaying disclosure of inside information, aligning them with changes introduced by the Listing Act to reduce issuer burdens and clarify requirements. This matters because it simplifies compliance for issuers by removing outdated delay justifications and adding new ones, effective from June 2026, potentially lowering administrative costs while maintaining market integrity.

What Changed

Alignment with Listing Act: Guidelines will reflect MAR amendments, removing the requirement for immediate disclosure of inside information on protracted processes before completion (effective June 2026), and deleting related legitimate interests for delay from current guidelines. New legitimate interests for delay: Adds scenarios such as public authority requests for non-disclosure, issuer need for more time to collect information, or involvement in multiple similar procurement processes. Elimination of "no misleading the public" condition: Removes Guideline 2 entirely, as the Listing Act...

What You Need To Do

Respond to consultation
Review and update policies
Train staff
Monitor updates

Key Dates

19 February 2026 - Consultation launch date .

29 April 2026 - Consultation response deadline (10-week period).

5 June 2026 - Entry into application of amended MAR disclosure regime (issuers no longer required to immediately disclose protracted process inside information). DEADLINE

Q4 2026 - ESMA final report and updated guidelines publication .

Compliance Impact

Urgency: Medium. This is a consultation on simplifications that reduce burdens rather than impose new obligations, with changes not effective until June 2026—giving firms over four months post-consultation to adapt. It matters for issuers to engage now for influence and early policy alignment, avoiding future misalignment penalties under MAR, but lacks immediate enforcement risk.

References

Sectors:

Market Abuse / Surveillance Reporting & Disclosure

Topics:

All Firms

Capital Markets & Trading Investment Management Banking & Credit

🇪🇺 ESMA Consultation high

February 19th 2026

ESMA publishes list of supplementary deferrals for sovereign bonds

ESMA publishes list of supplementary deferrals for sovereign bonds 19 February 2026 Post Trading The European Securities and Markets Authority (ESMA), together with National Competent Authorities (NCAs), has agreed supplementary deferrals that may be applied on top of the standard Markets in Financial Instruments Regulation (MiFIR) deferral regime for sovereign bonds. ESMA and all NCAs, except the National Bank of Slovakia (NBS), have decided to allow the following supplementary deferrals: fo...

AI Analysis

ESMA has authorized **supplementary deferrals for sovereign bond post-trade transparency**, allowing market participants to omit transaction volumes from immediate publication for medium-sized trades on liquid bonds, with full disclosure required by end-of-day. This measure balances market transparency with liquidity protection in EU sovereign bond markets, effective May 4, 2026, with a compressed implementation timeline requiring immediate compliance planning.

Sectors:

Topics:

Reporting & Disclosure Market Abuse / Surveillance Operational Resilience / Outsourcing

Broker DealerAsset ManagerBank

🇯🇵 JFSA News low

February 19th 2026

Publication,FSA publishes English translation of monthly magazine, Access FSA No.268

No description available.

Sectors:

General

Topics:

General

All Firms

Payments & E-Money Capital Markets & Trading

🇯🇵 JFSA News medium

February 19th 2026

Publication,FSA publishes English translation of monthly magazine, Access FSA No.267

No description available.

Sectors:

Topics:

Payment ProviderAll Firms

Banking & Credit Investment Management Crypto & Digital Assets

🇩🇪 BaFin News high

February 19th 2026

Dukas-Global: BaFin warns consumers about the website dukas-global(.)com

The Federal Financial Supervisory Authority (BaFin) warns consumers about the company Dukas-Global and the services it is offering. BaFin suspects the unknown operators of the website dukas-global(.)com of offering consumers financial, investment and cryptoasset services without the required authorisation.

Sectors:

Topics:

Authorisation & Licensing Consumer Protection / Conduct AML / Financial Crime

BankFintechCrypto Exchange

Banking & Credit Crypto & Digital Assets

🇩🇪 BaFin News high

February 19th 2026

BaFin warns consumers about the website referral.mnlo(.)app

The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the website referral.mnlo(.)app. BaFin has information that Next Level Church Global Hub, Inc., New Orleans, USA, is using this website to offer banking business and cryptoasset services without the required authorisation.

Sectors:

Topics:

Consumer Protection / Conduct Authorisation & Licensing

BankFintechCrypto Exchange

Investment Management Crypto & Digital Assets Payments & E-Money

🇩🇪 BaFin News high

February 19th 2026

BaFin warns consumers about the website blue-invest(.)org

The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the website blue-invest(.)org. BaFin has information that the operators are offering banking business and/or financial services on this website without the required authorisation. The operators are not supervised by BaFin.

Sectors:

Topics:

Consumer Protection / Conduct Authorisation & Licensing AML / Financial Crime

FintechCrypto ExchangeAll Firms

🇫🇷 AMF Enforcement high

February 19th 2026

The AMF has required the suspension of RAPID NUTRITION shares and calls on investors to be vigilant

Warning Savings protection Retail investors Professional investors Journalists Listed companies and issuers The AMF has required the suspension of RAPID NUTRITION shares and calls on investors to be vigilant

AI Analysis

The AMF has mandated the suspension of trading in RAPID NUTRITION shares (Euronext Growth Paris: ALRPD) from February 19, 2026, until March 13, 2026, due to indicators of "pump and dump" market manipulation, urging investors to exercise extreme caution against unauthorized high-upside recommendations. This enforcement action highlights AMF's proactive surveillance of market abuse in small-cap listings and serves as a reminder for firms to enhance client protection measures against boiler room tactics. It matters for compliance as it underscores heightened scrutiny on retail investor-facing activities amid volatile stock surges, like RAPID NUTRITION's 437% rise since January 1, 2026.[AMF publication]

What Changed

This is not a new regulation but an enforcement action under existing French financial markets and market abuse rules (e.g., EU Market Abuse Regulation - MAR, transposed via AMF oversight). Key elements include: Trading suspension on Euronext at AMF's request due to suspected "pump and dump" (boiler room) practices, involving unauthorized recommendations promising rapid gains without disclosing promoters' holdings or sales. No formal rule changes; reinforces prohibitions on market manipulation (Article 12 MAR), unlawful investment recommendations (MiFID II Article 24), and failure to disclose...

What You Need To Do

Trading venues (Euronext)
Firms/brokers
Enhance surveillance for pump-and-dump indicators (e
Review client communications for unauthorized advice; block/blocklist suspicious patterns
Train staff on recognizing boiler room tactics and MAR breaches

Key Dates

19 February 2026 - Trading suspension begins (effective from this trading session).

13 March 2026 - Scheduled end of suspension (inclusive, or earlier if market conditions allow via new AMF notice).

Compliance Impact

Urgency: High - Immediate trading halt requires system updates today (Feb 19, 2026); ongoing AMF probe risks fines/sanctions under MAR for non-compliant surveillance or advice. Matters due to retail investor exposure in volatile Euronext Growth stocks, potential for follow-on enforcement (e.g., against unauthorized advisors), and signal of intensified AMF monitoring amid 437% surges, amplifying conduct risk for client-facing firms.[AMF publication]

References

Sectors:

Market Abuse / Surveillance Consumer Protection / Conduct

Topics:

Broker DealerAll Firms

Banking & Credit Capital Markets & Trading Investment Management

🇬🇧 PRA Consultation high

February 19th 2026

CP3/26 – PRA rule changes to accommodate HM Treasury’s Overseas Prudential Requirements Regime

Consultation paper 3/26

AI Analysis

The PRA's CP3/26 proposes rule amendments to align its Rulebook with HM Treasury's (HMT) Overseas Prudential Requirements Regime (OPRR), which restates and modifies existing CRR equivalence provisions for treating overseas entities' exposures as preferential "exposures to institutions." This matters for **PRA-authorised firms** as it clarifies capital treatment for cross-border exposures, reduces interpretive burdens, and ensures consistency post-Brexit, advancing the PRA's safety and soundness objective while facilitating HMT designations.

What Changed

Credit Risk Standardised Approach (SA): Exposures to overseas credit institutions, investment firms, or exchanges treated as "exposures to institutions" only if from UK or HMT-designated OPRR jurisdictions; deletes CRR Article 119(5) for investment firms under Part 9C rules. IRB Approach: Preserves CRR Article 107(3) effect by aligning exposure class allocation with SA's updated "exposures to institutions" concept. Large Exposures: Amends Rule 1.3 definition of "institution" to limit preferential treatment to UK or OPRR-designated overseas entities. General Scope: Applies changes across PRA...

What You Need To Do

Review and respond to consultation by 2 April 2026, indicating consent for name/organisation publication and any confidentiality claims
Assess current exposures to overseas institutions/exchanges against proposed OPRR criteria; model impacts on capital requirements under SA, IRB, and large exposures rules
Update internal policies on exposure classification once final rules published; monitor HMT OPRR designations for affected jurisdictions
Indicate response as individual or organisational; personal data handled per Bank of England privacy notice

Key Dates

Thursday 2 April 2026 - Consultation response deadline; submit to CP3_26@bankofengland.co.uk or PRA at 20 Moorgate, London EC2R 6DA. DEADLINE

Compliance Impact

Urgency: High – Firms must engage promptly on consultation (deadline ~10 weeks from publication) to influence outcomes; changes clarify but could increase capital for non-designated overseas exposures, impacting safety/soundness and competitiveness. Failure to adapt risks non-compliance with updated Rulebook and higher prudential burdens.

References

Sectors:

Topics:

Prudential / Capital Requirements Reporting & Disclosure

BankAll Firms

Banking & Credit Capital Markets & Trading Payments & E-Money

🇨🇭 FINMA Enforcement high

February 19th 2026

Aktualisierte Sanktionsmeldung: Sudan

Das Eidgenössische Departement für Wirtschaft, Bildung und Forschung (WBF) hat den Anhang 2 der Verordnung vom 25. Mai 2005 über Massnahmen gegenüber Sudan (SR 946.231.18) geändert.

AI Analysis

The Swiss Federal Department for Economic Affairs, Education and Research (WBF) has amended Annex 2 of the Ordinance of 25 May 2005 on Measures against Sudan (SR 946.231.18), updating Switzerland's sanctions list in alignment with UN and international developments. This matters for Swiss financial institutions as it imposes immediate asset freeze and reporting obligations on newly designated individuals and entities linked to threats against Sudan's peace and security, including RSF support and mercenary activities. Compliance teams must screen and act swiftly to avoid FINMA enforcement under supervisory law.

What Changed

Amendment to Annex 2 of SR 946.231.18 by WBF, adding seven individuals to the Sudan sanctions list, mirroring recent UN-aligned updates (e.g., UK additions on 5 February 2026 for persons like Alvaro Andres Quijano Becerra and Abu Aqla Mohamed Kaikal involved in RSF support, mercenary enlistment, and financial services to armed groups). Sanctions include asset freezes, prohibitions on dealings with designated persons' funds or economic resources, and mandatory reporting to authorities, consistent with Switzerland's implementation of UNSC Resolution 1591 via the Embargo Act. Updates reflect...

What You Need To Do

Immediate screening
No dealings
Controls update
Licensing check

Key Dates

5 February 2026 - UK adds six individuals to Sudan sanctions list (e.g., SUD0026 to SUD0031), informing Swiss alignment.

18 February 2026 - Switzerland publicly notes addition of seven individuals to Sudan list via ACAMS report.

19 February 2026 - WBF amends Annex 2 of SR 946.231.18, effective immediately for compliance (publication date). DEADLINE

12 March 2026 - UN Panel of Experts interim report due on Sudan sanctions implementation. DEADLINE

12 October 2026 - UNSC Sudan sanctions regime extension expires unless renewed.

Compliance Impact

Urgency: High - Immediate asset freeze obligations apply from publication (19 February 2026), with FINMA's enforcement powers (coercive measures under administrative law) risking fines, reputational damage, or license revocation for non-compliance. This escalates amid ongoing Sudan conflict, UN extensions, and multi-jurisdictional alignment, heightening cross-border transaction risks.

It is a pleasure to be here in Oxford 1 While I’m aware that this is a school of government and I’m a central banker, the two are inextricably linked. Societies and indeed economies are shaped by their institutions, specifically the legal, social, cultural, formal and informal norms that impact the way citizens interact with each other. Successful institutions are those that are trusted by the societies that created them and for which they ultimately serve. Today I am going to resist the oppo...

AI Analysis

Governor Gabriel Makhlouf's speech at the Blavatnik School of Government addresses central bank independence as a foundational institutional mechanism for delivering price stability and economic prosperity, rather than as a shield from accountability. The speech is not a regulatory enforcement action or new requirement, but rather a governance statement clarifying the Central Bank of Ireland's institutional philosophy on independence, credibility, and accountability—matters that directly affect how the CBI exercises supervisory discretion over regulated firms.

Sectors:

Topics:

Senior Managers / Governance Operational Resilience / Outsourcing Prudential / Capital Requirements

BankAsset ManagerPayment Provider

🇱🇺 CSSF Guidance high

February 18th 2026

Circular CSSF 26/907 (only in French)

Exigences applicables au réviseur d’entreprises agréé spécial auprès des établissements de crédit émetteurs de lettres de gage

AI Analysis

Circular CSSF 26/907, published on February 18, 2026, establishes requirements for **approved special statutory auditors (réviseurs d'entreprises agréés spéciaux) serving credit institutions that issue mortgage bonds (lettres de gage)**. This circular formalizes the governance and audit standards applicable to a specialized auditor role within Luxembourg's credit institution framework, ensuring enhanced oversight of entities engaged in mortgage bond issuance.

Sectors:

Senior Managers / Governance Reporting & Disclosure

Topics:

Bank

Banking & Credit Investment Management Wealth & Private Banking

🇱🇺 CSSF Warning high

February 18th 2026

Warning concerning the website www.qatari.xyz

No description available.

Sectors:

Topics:

AML / Financial Crime Consumer Protection / Conduct Authorisation & Licensing

BankWealth ManagerFintech

Capital Markets & Trading Investment Management Insurance & Pensions

🇪🇺 ESMA Enforcement medium

February 18th 2026

ESMA supports the simplified European Sustainability Reporting Standards and suggests targeted adjustments

ESMA supports the simplified European Sustainability Reporting Standards and suggests targeted adjustments 18 February 2026 Issuer disclosure Press Releases Sustainable finance The European Securities and Markets Authority, the EU’s financial markets regulator and supervisor, has delivered its opinion on the draft revised European Sustainability Reporting Standards (ESRS) developed by EFRAG. ESMA strongly supports the European Commission’s goal of enhancing competitiveness and growth through ...

AI Analysis

ESMA has issued an opinion supporting EFRAG's draft simplified European Sustainability Reporting Standards (ESRS) under the CSRD, praising improvements in readability and materiality focus while recommending targeted adjustments to enhance investor protection and financial stability. This matters for compliance professionals as it signals upcoming refinements to sustainability disclosures, with pragmatic supervision promised during the transition, potentially reducing short-term burdens but requiring monitoring of final delegated act adoption by summer 2026.

What Changed

The draft revised ESRS introduce simplifications such as improved readability, language, format, reduced volume of requirements, and a focus on material matters. ESMA recommends specific adjustments before finalization: Introduce time limits to certain permanent reliefs (e.g., reliefs #3, #4, #9, #11 on quantitative information for anticipated financial effects until FY 2029, and metrics). Refine requirements on transition plans (e.g., consistent disclosure of absolute financed emissions and contextual information). Strengthen reporting on sustainability competences of administrative,...

What You Need To Do

Monitor Commission process
Assess current reporting
Enhance governance disclosures
Review subsidiary exemptions
Prepare for supervision

Key Dates

Summer 2026 - European Commission aims to adopt revised ESRS into a delegated act, considering ESMA, EBA, EIOPA, ECB opinions.

FY 2029 (reporting in 2030) - End of certain temporary reliefs on quantitative information for anticipated financial effects (if ESMA recommendations adopted).

First years post-adoption (2026+) - Learning curve period with pragmatic NCAs supervision and flexibility in examinations.

Compliance Impact

Urgency: Medium - Not yet finalized (pending summer 2026 adoption), with pragmatic supervision promised, reducing immediate pressure; however, matters due to potential tightening of reliefs and disclosures impacting FY2026+ reporting, investor protection focus, and interoperability needs. Firms should prioritize if heavily using reliefs or with complex transition plans, as non-adjustment risks supervisory scrutiny post-learning curve.

References

Sectors:

Topics:

ESG Reporting & Disclosure Senior Managers / Governance

Asset ManagerBankInsurance

Banking & Credit Investment Management Payments & E-Money

🇪🇺 ESMA Guidance high

February 18th 2026

ESMA publishes statement supporting the smooth implementation of the Listing Act – simplifying prospectus compliance for issuers

ESMA publishes statement supporting the smooth implementation of the Listing Act – simplifying prospectus compliance for issuers 18 February 2026 Prospectus The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has issued a statement with practical guidance to national competent authorities (NCAs), issuers, and their advisors on the application of the revised prospectus framework introduced by the Listing Act. ESMA clarifies that any regis...

AI Analysis

ESMA has issued a public statement providing practical guidance on implementing changes to the Prospectus Regulation (PR) under the Listing Act, clarifying the transitional regime for registration documents and universal registration documents approved or filed until 4 June 2026, allowing their continued use in prospectuses. This matters because it reduces compliance burdens for issuers accessing capital markets while preserving investor protection, enabling smoother transitions amid upcoming Level 2 measures. Issuers and advisors can rely on this non-binding guidance as ESMA expects NCAs to follow it.

What Changed

Transitional regime clarification under Article 48a PR: Registration documents and universal registration documents approved or filed until 4 June 2026 fall within the Article 48a(1) transitional scope, allowing use in tripartite prospectuses approved thereafter until their validity ends (typically 12 months). These must remain updated via supplements and amendments under pre-Listing Act PR rules.

What You Need To Do

Review and file/approve registration/universal registration documents before 4 June 2026 to leverage transitional regime; ensure ongoing supplements/amendments under old PR
For EU Follow-on/Growth prospectuses pre-Delegated Act: Structure per PR Annexes IV/V/VII/VIII; voluntarily adopt recommended Delegated Act disclosures for compliance with Articles 14a/15a
Advisors/issuers
Monitor Delegated Act adoption (likely pre-5 March 2026) and ESMA Level 2 technical standards

Key Dates

Until 4 June 2026 Registration/universal registration documents approved/filed fall under Article 48a transitional regime; usable thereafter until validity ends.

5 March 2026 Expected non-application date of Delegated Act amending (EU) 2019/980; interim PR Annexes IV/V/VII/VIII and Articles 14a/15a apply, with recommended Delegated Act disclosures.

March 2026 Listing Act provisions for secondary and growth issuance prospectuses enter application.

5 June 2026 / 10 June 2026 Bulk of Listing Act provisions (including standard prospectuses) enter application; new Level 2 requirements apply from related ESMA technical advice.

H1 2026 Potential NCA flexibility for early implementation of new requirements if available.

Compliance Impact

Urgency: High – Immediate relevance today (18 February 2026) for ongoing prospectus preparations, as it clarifies transitional use of existing documents and interim disclosures amid imminent deadlines (March/June 2026). Failure to align risks invalidation of documents or heightened scrutiny, but guidance eases burden reduction—critical for issuers timing listings to minimize costs while ensuring investor protection.

1) high-risk jurisdictions on which enhanced due diligence and, where appropriate, counter-measures are imposed2) jurisdictions under increased monitoring of the FATFVersion of 17 February 2026

AI Analysis

The Annex of Circular CSSF 22/822 (Version of 17 February 2026) is Luxembourg's Commission de Surveillance du Secteur Financier's implementation guidance on FATF (Financial Action Task Force) designations of high-risk jurisdictions requiring enhanced due diligence and counter-measures, as well as jurisdictions under increased monitoring. This document is critical for Luxembourg-regulated financial institutions because it operationalizes international AML/CFT standards into binding compliance obligations, directly impacting customer acceptance, transaction monitoring, and correspondent banking relationships.

Sectors:

Topics:

AML / Financial Crime Reporting & Disclosure

BankAsset ManagerPayment Provider

Banking & Credit Investment Management Wealth & Private Banking

🇩🇪 BaFin Speech high

February 18th 2026

Identity theft: BaFin warns against offers from the email address info[at]lgimeu(.)com

The Federal Financial Supervisory Authority BaFin warns against fixed-term deposit offers sent from the email address info[at]lgimeu(.)com. According to information available to BaFin, the unknown providers are conducting banking transactions without the required authorisation. The offers do not originate from LGIM Managers (Europe) Limited. This is a case of identity theft.

Sectors:

Topics:

Consumer Protection / Conduct Authorisation & Licensing AML / Financial Crime

BankAsset ManagerWealth Manager

Banking & Credit Investment Management Wealth & Private Banking

🇨🇭 FINMA News medium

February 18th 2026

Alain Girard to assume leadership of FINMA’s Banks division

The Board of Directors of the Swiss Financial Market Supervisory Authority FINMA has appointed Alain Girard as the new Head of its Banks division. The current Head of the Recovery and Resolution division will take up his new role on 1 April 2026. He succeeds Thomas Hirschi, who left FINMA at the end of August 2025. Simon Brönnimann, who oversaw the Banks division on an interim basis, will now assume leadership of the Recovery and Resolution division on an interim basis.

Sectors:

Topics:

Prudential / Capital Requirements Operational Resilience / Outsourcing Senior Managers / Governance

BankWealth ManagerAsset Manager

Banking & Credit Investment Management Wealth & Private Banking

🇦🇺 ASIC News high

February 18th 2026

ASIC commences new review of advice licensees that use lead generation services

Sectors:

Topics:

Consumer Protection / Conduct Authorisation & Licensing Reporting & Disclosure

Asset ManagerWealth ManagerBank

🇦🇺 ASIC News medium

February 18th 2026

Fundhost pays infringement notice for making misleading representations about Polen Capital Global Growth Fund

Sectors:

Consumer Protection / Conduct Reporting & Disclosure

Topics:

Asset ManagerWealth Manager

Banking & Credit Payments & E-Money

🇦🇺 ASIC News medium

February 18th 2026

Sectors:

Topics:

Authorisation & Licensing Operational Resilience / Outsourcing

BankPayment Provider

Investment Management Crypto & Digital Assets Capital Markets & Trading

🇫🇷 AMF Consultation high

February 17th 2026

The AMF invites financial market participants to AMLA’s consultations on three draft AML/CFT implementing standards

Anti-money Laundering Asset management The AMF invites financial market participants to AMLA’s consultations on three draft AML/CFT implementing standards

AI Analysis

The AMF is urging financial market participants, especially in asset management and related sectors, to engage in AMLA's public consultations on three draft Regulatory Technical Standards (RTS) under the new EU AML/CFT package, covering customer due diligence (CDD), identification of business relationships/transactions, and enforcement measures. These RTS aim to provide harmonized, proportionate implementation guidance, significantly impacting CDD processes and supervisory consistency across the EU, with underlying rules applying from 10 July 2027.[Source URL: https://www.amf-france.org/en/news-publications/news/amf-invites-financial-market-participants-amlas-consultations-three-draft-amlcft-implementing#xts=607212&xtor=RSS-11&type=RSS]

What Changed

CDD RTS: Builds on EBA's prior draft with AMLA refinements for legal clarity, proportionality, and risk adaptation; specifies information/sources for identity verification of natural persons/legal entities, remote onboarding measures, business relationship purpose/nature identification, politically exposed persons (PEPs) measures, sectoral measures (e.g., for asset managers under Article 17 where units/shares are distributed via intermediaries), enhanced due diligence additions, and sanctions checks.[Source URL:...

What You Need To Do

Participate in consultations
Gap analysis and preparation
Engage hearings
Monitor post-consultation

Key Dates

9 February 2026 - Consultations opened by AMLA on three draft RTS.[Source URL: https://www.amf-france.org/en/news-publications/news/amf-invites-financial-market-participants-amlas-consultations-three-draft-amlcft-implementing#xts=607212&xtor=RSS-11&type=RSS]

24 March 2026 - Online public hearing on CDD and business relationships RTS.

9 March 2026 - Consultation closes on RTS for pecuniary sanctions/administrative measures.

8 May 2026 - Consultations close on CDD RTS and business relationships/linked transactions RTS.[Source URL: https://www.amf-france.org/en/news-publications/news/amf-invites-financial-market-participants-amlas-consultations-three-draft-amlcft-implementing#xts=607212&xtor=RSS-11&type=RSS]

10 July 2026 - AMLA submits final draft RTS to European Commission for adoption.

Compliance Impact

Urgency: High - These RTS operationalize core AMLR/AMLD6 mandates with July 2027 applicability, demanding immediate consultation input to influence final rules and 18-month lead time for system/process overhauls (e.g., CDD verification sources, harmonized transaction linking). Failure to engage risks non-compliant frameworks amid AMLA's push for EU-wide consistency, elevated direct supervision risks, and stricter enforcement; asset managers face acute challenges from intermediary distribution rules.[Source URL:...

References

Sectors:

Topics:

AML / Financial Crime Reporting & Disclosure Authorisation & Licensing

Asset ManagerCrypto ExchangeAll Firms

🇪🇺 ECB News low

February 17th 2026

ECB welcomes extension of Frank Elderson’s term as Vice-Chair of the Supervisory Board

No description available.

Sectors:

Prudential / Capital Requirements Authorisation & Licensing Senior Managers / Governance

Topics:

BankAll Firms

🇱🇺 CSSF Guidance high

February 17th 2026

Update of the CSSF FAQ concerning the Luxembourg Law of 17 December 2010 with regard to the portfolio transparency requirements for UCITS ETFs and the holding of ancillary liquid assets

No description available.

AI Analysis

The CSSF has updated its FAQ on portfolio transparency requirements for UCITS ETFs, relaxing disclosure frequency from monthly to quarterly publication of detailed holdings while maintaining daily information sharing with market makers and authorized participants. This change aligns Luxembourg's regulatory framework more closely with Ireland's semi-transparent ETF approach and is designed to attract active asset managers to the Luxembourg domicile by reducing proprietary information exposure.

Sectors:

Topics:

Asset Manager

Banking & Credit Capital Markets & Trading Insurance & Pensions

🇬🇧 PRA Consultation high

February 17th 2026

CP2/26 – Reforms to securitisation requirements

Consultation paper 2/26

AI Analysis

CP2/26 is a PRA consultation paper proposing targeted reforms to UK securitisation rules to reduce prescriptiveness and burden while maintaining prudential soundness, building on recent CRR restatements. It matters for compliance professionals as it streamlines due diligence, risk retention, disclosures, and capital treatments, potentially lowering costs for PRA-authorised firms in the securitisation market amid Basel 3.1 implementation. These changes aim to enhance proportionality without compromising investor protection or oversight.

What Changed

The proposals amend PRA rules and supervisory guidance in the Securitisation Part of the PRA Rulebook, including: Due diligence: Remove prescriptive verification of credit-granting criteria (Chapter 2 Article 9), risk retention (Chapter 2 Article 6 and Chapter 4), STS criteria, specific information availability, ongoing monitoring lists, stress testing, internal reporting to management, and demonstration of understanding to PRA; replace with proportionate consideration of credit-granting standards. Risk retention: Introduce a new combined modality merging two existing ones. Market disclosure...

What You Need To Do

Review and respond
Gap analysis
Coordinate with FCA
Policy updates
Monitor legislation

Key Dates

18 May 2026 - Consultation response deadline. DEADLINE

1 January 2027 - Expected implementation aligning with Basel 3.1 and CRR restatement (PS3/26), with transitional arrangements to 2030.

Post-SI (TBD) - Changes to repository requirements effective upon HM Treasury Statutory Instrument amending UK Securitisation Regulation 2024.

1 January 2026 - Related CRR/Solvency II restatement (PS12/25) already effective, preserving core securitisation requirements.

Compliance Impact

Urgency: High – Proposals reduce burden (e.g., less prescriptive due diligence, streamlined disclosures) but require immediate review ahead of 18 May 2026 deadline and 1 January 2027 implementation, aligning with Basel 3.1. Non-response risks misaligned systems during CRR restatement transition; benefits include cost savings and proportionality, but firms must validate ongoing compliance with retained prudential standards.

References

Sectors:

Topics:

Prudential / Capital Requirements Reporting & Disclosure

BankInsuranceAll Firms

Banking & Credit Investment Management Wealth & Private Banking

🇩🇪 BaFin News high

February 17th 2026

BaFin warns consumers about the series of platforms that claim: “The [platform name] label holds authorization in multiple global jurisdictions and stands as a reputable online brokerage for Forex and CFDs.”

The Federal Financial Supervisory Authority (BaFin) warns consumers about a series of similarly designed websites. According to information available to BaFin, the operators are providing banking business and/or financial services on these websites without the required authorisation. The operators of the website are not supervised by BaFin.

Sectors:

Topics:

Consumer Protection / Conduct Authorisation & Licensing

BankBroker DealerFintech

Banking & Credit Investment Management Wealth & Private Banking

🇦🇺 ASIC News medium

February 17th 2026

ASIC cancels AFS licence of Superfast AM Pty Ltd

Sectors:

Topics:

Authorisation & Licensing Consumer Protection / Conduct Reporting & Disclosure

Asset ManagerWealth ManagerBroker Dealer

Banking & Credit Payments & E-Money

🇱🇺 CSSF News medium

February 17th 2026

DORA – Submission timeframe for register of information for third-country branches of credit institutions having their head office in a third country

No description available.

Sectors:

Topics:

Reporting & Disclosure Operational Resilience / Outsourcing

BankPayment Provider

Investment Management Crypto & Digital Assets Wealth & Private Banking

🇱🇺 CSSF Guidance high

February 17th 2026

FAQ concerning the Luxembourg Law of 17 December 2010 relating to undertakings for collective investment (Updated)

Version 23

AI Analysis

This CSSF FAQ (Version 23, updated 17 February 2026) provides interpretive guidance on the Luxembourg Law of 17 December 2010 relating to undertakings for collective investment (UCIs), covering UCITS, Part II UCIs, SIFs, and SICARs. It matters for compliance professionals as it clarifies authorisation processes, investment rules, and supervisory expectations, ensuring alignment with evolving EU frameworks like AIFMD and MiCAR. The update, effective today, addresses recent regulatory shifts including crypto-asset integration.

What Changed

Authorisation Requirements: UCIs require CSSF approval of constitutive documents (articles, management regulations), depositary selection, and management company/AIFM applications for contractual forms. Corporate UCIs need similar approvals for appointed managers. Crypto-Asset Updates (aligned with separate but related FAQ Version 7): Replaces "virtual assets" with "crypto-assets" per MiCAR (EU 2023/1114); UCITS and retail AIFs (non-well-informed investors) capped at 10% NAV indirect exposure; AIFs for well-informed/professional investors have no cap but require governance, risk management,...

What You Need To Do

Review and Update Documents
Crypto-Specific
Authorisation/Amendments
Governance and Reporting
Ongoing Compliance

Key Dates

17 February 2026 - FAQ Version 23 update effective Applies immediately to UCI operations, authorisations, and compliance.[User-provided content] DEADLINE

04 February 2026 - Crypto FAQ Version 7 update effective MiCAR-aligned changes on crypto exposure, authorisation extensions, and depositary notifications.

16 January 2026 - UCI Authorisation page update Reflects ongoing CSSF expectations for approvals.

20 May 2025 - Related AIFM FAQ Version 24 Introduces changes relevant to UCI managers acting as AIFMs.

Compliance Impact

Urgency: High – The update coincides with MiCAR implementation and today's release, requiring immediate review for crypto-exposed funds to avoid unauthorised strategies or AML gaps; non-compliance risks supervisory actions, authorisation delays, or investor disputes in Luxembourg's key fund domicile.

References

Sectors:

Topics:

Authorisation & Licensing Reporting & Disclosure AML / Financial Crime

Asset ManagerHedge FundAll Firms

Banking & Credit Capital Markets & Trading Investment Management

🇱🇺 CSSF News low

February 17th 2026

List of issuers of shares and issuers of sovereign debt (Updated)

For which the CSSF is the relevant competent authority under Regulation (EU) No 236/2012 of the European Parliament and of the Council of 14 March 2012 on short selling and certain aspects of credit default swaps

Sectors:

Topics:

Prudential / Capital Requirements Reporting & Disclosure Authorisation & Licensing

BankBroker DealerAsset Manager

Banking & Credit Capital Markets & Trading

🇨🇦 OSFI News

February 17th 2026

No description available.

AI Analysis

The ECB imposed a €7.55 million periodic penalty payment on Crédit Agricole for failing to complete a climate-related and environmental (C&E) risk materiality assessment by the May 31, 2024 deadline, marking the second enforcement action in the ECB's escalating shift from guidance to active enforcement on climate risk supervision. This enforcement demonstrates that the ECB is moving beyond symbolic warnings to substantial financial penalties, signaling that banks must treat climate risk identification and assessment as mandatory compliance obligations rather than discretionary best practices.

Sectors:

Topics:

Prudential / Capital Requirements ESG Reporting & Disclosure

Bank

🇺🇸 SEC News low

February 13th 2026

SEC Announces 45th Annual Small Business Forum to Improve Capital-Raising Policy

The Securities and Exchange Commission will host the agency’s 45th Annual Government Business Forum on Small Business Capital Formation at SEC headquarters in Washington, D.C., on March 9 from 1 p.m. to 5 p.m. ET. The event will be webcast live. …

Sectors:

Topics:

Asset ManagerBroker DealerFintech

Banking & Credit Investment Management Wealth & Private Banking

🇬🇧 BoE News

February 13th 2026

Slides from Huw Pill’s fireside chat at Santander UK’s macroeconomic event

Slides by Huw Pill

Sectors:

Topics:

Prudential / Capital Requirements Operational Resilience / Outsourcing Technology & Cyber

BankAsset ManagerWealth Manager

Banking & Credit Investment Management Wealth & Private Banking

🇱🇺 CSSF Warning high

February 13th 2026

Warning concerning the fraudulent activities carried out by Minea Global Finance SA

No description available.

Sectors:

Topics:

AML / Financial Crime Consumer Protection / Conduct Authorisation & Licensing

BankWealth ManagerFintech

🇱🇺 CSSF News low

February 13th 2026

Basic statistical data on UCIs – December 2025 (only in French)

No description available.

Sectors:

Reporting & Disclosure Prudential / Capital Requirements

Topics:

Asset ManagerWealth Manager

Banking & Credit Investment Management Capital Markets & Trading

🇬🇧 BoE News medium

February 13th 2026

Minutes of the Market Participants Group meeting – 12 February 2026

The Market Participants Group (MPG) is a senior-level forum for financial market participants to share their views on relevant themes and narratives in financial markets with members of the Bank of England’s Monetary Policy Committee.

Sectors:

Topics:

Prudential / Capital Requirements Market Abuse / Surveillance Reporting & Disclosure

BankAsset ManagerBroker Dealer

🇫🇷 AMF News medium

February 13th 2026

The AMF announces that the withdrawal of the authorisation of the portfolio management company APICAP is effective

Asset management The AMF announces that the withdrawal of the authorisation of the portfolio management company APICAP is effective

Sectors:

Authorisation & Licensing

Topics:

Asset Manager

Banking & Credit Investment Management Wealth & Private Banking

🇦🇺 ASIC News low

February 13th 2026

Charge against NSW director dismissed

Sectors:

Topics:

AML / Financial Crime Consumer Protection / Conduct Authorisation & Licensing

BankWealth ManagerAll Firms

🇦🇺 ASIC News high

February 13th 2026

AML/CFT standardised data collection taking place in 2026

AI Analysis

The CSSF Circular Letter 2026-02-12 announces a standardized data collection exercise on AML/CFT for supervised entities, scheduled for 2026, aimed at enhancing regulatory oversight of money laundering and terrorist financing risks. This matters because it signals intensified CSSF scrutiny on AML/CFT compliance, requiring firms to prepare structured data submissions that could inform future supervisory actions, risk assessments, and enforcement. As part of broader CSSF AML/CFT initiatives, non-compliance risks fines or heightened inspections.

What Changed

Introduction of standardized AML/CFT data collection: CSSF mandates uniform reporting formats for collecting data on AML/CFT risks, controls, and practices across supervised sectors, building on existing risk-based supervision frameworks. Alignment with ongoing AML/CFT enhancements: Complements recent governance-focused circulars (e.g., Circular 26/906 on central administration and risk management for payment/e-money institutions) by emphasizing data-driven validation of AML/CFT effectiveness, including risk assessments, transaction monitoring, and third-party oversight. No explicit new...

What You Need To Do

Assess and document AML/CFT data readiness
Update governance and controls
Conduct internal reviews
Prepare for submission
Engage auditors

Key Dates

2026 (exact date TBD) - AML/CFT standardised data collection exercise Firms must submit required data during this period; preparation recommended immediately given today's date (12 February 2026). DEADLINE

20 January 2026 - Issuance of related Circular 26/906 Establishes governance baselines (e.g., compliance independence, risk proportionality) informing data collection expectations. DEADLINE

26 January 2026 - CSSF AML/CFT Conference for Specialised PFS Provided updates on sub-sector risks, terrorist financing reviews, and FIU insights relevant to data preparation.

28 January 2026 - Conference materials published Available for download to guide compliance alignment. DEADLINE

Compliance Impact

Urgency: High – With data collection in 2026 underway today (12 February 2026), firms face immediate preparation needs amid recent enforcement (e.g., EUR 102,000 fine on depositary for AML-related gaps) and conferences signaling sub-sector focus. This elevates AML/CFT as a supervisory priority, potentially triggering on-site inspections, fines, or remediation orders for inadequate data/risks; proactive alignment prevents escalation in a risk-based regime.

No description available.

AI Analysis

The SFC secured a criminal conviction against retail trader Ng Ka Hei for false trading under section 295 of the Securities and Futures Ordinance (SFO), involving scaffolding and wash trades in shares of six Hong Kong-listed companies from 20 September 2022 to 24 October 2023, resulting in a HK$117,715 profit. On 12 February 2026, the Eastern Magistrates’ Court sentenced him to 220 hours of community service, a fine equal to his profits, and full SFC investigation costs of HK$199,669, emphasizing rehabilitation over imprisonment. This enforcement action reinforces the SFC's commitment to combating market manipulation, serving as a deterrent to protect market integrity and investor confidence.[https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=26PR25]

What Changed

This is an enforcement outcome rather than new regulatory changes; it reaffirms existing prohibitions under section 295 SFO against false trading, defined as creating a false or misleading appearance of active trading or market activity in securities. No new rules or amendments are introduced, but the case highlights SFC scrutiny on specific manipulative techniques: scaffolding (placing and cancelling orders at increasing prices to simulate demand) and wash trading (self-matched trades across accounts to inflate...

What You Need To Do

Conduct staff training on market abuse red flags under SFO section 295, including real-time monitoring obligations per SFC's Code of Conduct
Review client account structures for multi-account trading patterns; flag and report suspicious activity via SFC's market surveillance channels
Update internal policies to mandate profit disgorgement and cost recovery in investigations, aligning with court precedents
Perform gap analysis on compliance programs against SFC enforcement trends, documenting controls for audit trails

Key Dates

20 September 2022 - 24 October 2023 Period of Ng's false trading activities.

22 January 2026 Conviction on seven counts of false trading (SFC press release date).

12 February 2026 Sentencing hearing, resulting in community service order, fine, and costs order.[https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=26PR25]

Compliance Impact

Urgency: Medium. This case demonstrates SFC's proactive criminal prosecutions for retail-level manipulation, with penalties including non-custodial sentences but full profit confiscation and costs—signaling low tolerance even for modest gains (HK$117,715). Firms must act to fortify surveillance amid rising SFC investigations (501 in Q2 2025, per A&O Shearman), as failure risks intermediary misconduct charges; however, no immediate deadlines apply, allowing phased enhancements.[https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=26PR25]

References

Sectors:

Market Abuse / Surveillance

Topics:

Broker DealerAll Firms

Banking & Credit Investment Management Wealth & Private Banking

🇭🇰 SFC Warning high

February 12th 2026

Public warned of impersonation scams claiming SFC affiliation

No description available.

Sectors:

Topics:

Consumer Protection / Conduct AML / Financial Crime Operational Resilience / Outsourcing

BankWealth ManagerFintech

Banking & Credit Payments & E-Money

🇦🇺 ASIC News high

February 12th 2026

ASIC imposes licence conditions on Corpay subsidiary following compliance failures

Sectors:

Topics:

Consumer Protection / Conduct Authorisation & Licensing

BankPayment Provider

🇱🇺 CSSF Guidance low

February 12th 2026

FAQ concerning Master/Feeder Structures (Updated)

Version 3

AI Analysis

This CSSF FAQ (Version 2, July 2013, with updates through 24 June 2013 and 11 July 2013) provides guidance on master-feeder structures for UCITS funds under the Luxembourg Law of 12 July 2010 (the "2010 Law"), addressing financial reporting, performance disclosure, and operational requirements. It matters for Luxembourg-domiciled UCITS managers and depositaries as it clarifies compliance with UCITS Directive rules on aggregation of charges, audit irregularities, and past performance in cross-border master-feeder setups, reducing ambiguity in documentation and investor communications.

What Changed

Financial reporting for aggregate charges (Art 82(2) 2010 Law): When master and feeder UCITS have different year-ends, feeder must present master charges for the same period if possible; otherwise, use master's last audited period with strict conditions (e.g., clear audit report disclosure, no undue costs), and agreements must mandate information provision. Disclosure of irregularities (CSSF Regulation 10-05 Art 27(e)): Present in notes to financial statements or "other information" section of annual report. Past performance rules (Art 159(3)c) 2010 Law and Commission Regulation (EU)...

What You Need To Do

Review and amend master-feeder agreements (per Art 79(1) 2010 Law) to require masters provide charge/fee data to feeders
Ensure financial statements/annual reports disclose irregularities in specified sections and aggregate charges with audit report caveats if periods misalign
Update KIIDs and marketing materials for past performance compliance, disclosing conversions/material changes per Regulation 583/2010 Articles 17, 19, 35
Implement processes for ad hoc financial statements when accounting years differ, allocating audit/preparation fees appropriately
Monitor CSSF website regularly for FAQ updates

Compliance Impact

Urgency: low—This 2013 guidance (Version 2) is outdated relative to 2026, with no new enforcement actions noted, but remains relevant for legacy UCITS master-feeder structures under the 2010 Law. It matters for audit/financial close processes and investor disclosures to avoid CSSF scrutiny, particularly in cross-border setups where ESMA UCITS rules apply; non-compliance risks reporting errors or investor complaints.

References

Sectors:

Topics:

Asset Manager

🇱🇺 CSSF Guidance high

February 12th 2026

CSSF FAQ – Use of Securities Financing Transactions by UCITS (Updated)

This publication is a CSSF FAQ in relation to the use by Luxembourg-domiciled UCITS of the following Securities Financing Transactions: securities lending transactions, reverse repurchase agreement transactions and repurchase agreement transactions. The objective of the FAQ is to bring further clarity concerning the use by UCITS of these SFTs, thereby taking into account the applicable regulatory framework as well as the supervisory experienced gained by the CSSF over the last years.Version 2

AI Analysis

This CSSF FAQ (Version 2) provides guidance on the use of securities financing transactions (SFTs)—specifically securities lending, reverse repurchase agreements, and repurchase agreements—by Luxembourg-domiciled UCITS, clarifying regulatory requirements based on the applicable framework and CSSF's supervisory experience. It matters because it updates prior guidance to reflect evolved practices, helping UCITS managers ensure compliant SFT usage amid heightened scrutiny on liquidity, risk management, and investor protection in Luxembourg's fund sector.

Sectors:

Prudential / Capital Requirements Reporting & Disclosure

Topics:

Asset Manager

Banking & Credit Payments & E-Money Consumer Credit

🇦🇪 ADGM News medium

February 12th 2026

Sectors:

Topics:

Consumer Protection / Conduct Reporting & Disclosure

BankPayment ProviderAll Firms

🇸🇬 MAS News medium

February 12th 2026

Written reply to Parliamentary Question on Insurance Products Distribution through E-commerce Platforms

Sectors:

Consumer Protection / Conduct Authorisation & Licensing

Topics:

InsuranceAll Firms

Banking & Credit Payments & E-Money Consumer Credit

🇸🇬 MAS News medium

February 12th 2026

Written reply to Parliamentary Question on alternative verification methods for medically vulnerable customers

Sectors:

Topics:

Consumer Protection / Conduct Technology & Cyber Authorisation & Licensing

BankFintechAll Firms

Banking & Credit Investment Management Payments & E-Money

🇦🇪 DFSA News medium

February 12th 2026

We have signed an Exchange of Letters with the International Financial Services Centres Authority (IFSCA). IFSCA is the unified regulator for financial institutions operating in Gujarat International Finance Tec-City (GIFT City), India’s first international financial services centre.This agreement affirms both authorities’ commitment to develop our regulatory relationship.Download our letter (PDF)The letters set out the intention to share regulatory knowledge and best practice to support the ...

AI Analysis

The FCA has signed an Exchange of Letters with India's IFSCA, the regulator for GIFT City, to foster regulatory cooperation, knowledge sharing, and stronger links between UK financial markets and GIFT City. This matters for compliance professionals as it signals expanding cross-border ties, potentially easing market access and harmonizing standards for firms operating between the UK and India, amid the FCA's broader global outreach strategy. No binding rules are imposed, but it sets the stage for future alignment in areas like fintech and financial services.

What Changed

There are no direct regulatory changes or new requirements imposed by this Exchange of Letters. It is a non-binding agreement focused on: Sharing regulatory knowledge and best practices. Supporting financial services development in both jurisdictions. Promoting links between GIFT City and UK markets. The letters affirm commitment to developing the regulatory relationship, with an additional step of posting an FCA Financial Services Attaché to the British Deputy High Commission in Mumbai later in 2026 [FCA publication].

What You Need To Do

binding nature
Review and download the full Exchange of Letters (PDF available via FCA site) to understand shared priorities
Assess current India/GIFT City exposures and prepare for potential future information-sharing requests or aligned standards
Monitor FCA news for follow-up developments, such as joint guidance on fintech or market access https://www
Engage with FCA international teams if planning cross-border activities in GIFT City

Key Dates

Later in 2026 - Posting of FCA Financial Services Attaché to British Deputy High Commission in Mumbai to support regulatory relationship development [FCA publication].

Compliance Impact

Urgency: Low - This is a cooperative MoU-style letter exchange without immediate rules, penalties, or obligations, posing minimal disruption risk. It matters strategically for long-term planning, as it could lead to simplified compliance for UK-India activities (e.g., reduced dual-regulation friction) and aligns with FCA's pattern of global pacts that indirectly shape supervisory expectations. Firms with India exposure should note it for horizon scanning, but no urgent resourcing is needed.

Guidance allowing financial entities to identify the National Competent Authority to which their register of information has to be submitted.

AI Analysis

This CSSF guidance document, published on 11 February 2026, provides detailed explanations and resolution steps for error messages encountered during the submission of the DORA Register of Information (RoI) via the eDesk portal, specifically for the 2026 submission cycle. It matters because it enables Luxembourg financial entities to ensure compliant submissions amid enhanced validation checks on more data fields, avoiding re-submission delays and supporting timely transmission to the ESAs by CSSF deadlines. Non-compliance risks supervisory scrutiny under DORA's ICT risk management framework.

What Changed

Enhanced validation checks for the 2026 RoI submission: Applies ESA-defined checks (last updated April 2025) to more data fields to improve data quality, compared to prior cycles. Specific error resolutions detailed, including requirements for LEI code communication to CSSF beforehand, correct reference date ('2025-12-31') in file naming, plain-CSV files in predefined .zip structure, and proper FilingIndicators.csv/parameters.csv content. Mandatory inclusion of all tables (even empty) in FilingIndicators.csv set to 'true', with matching identification codes across parent-child records. Builds...

What You Need To Do

Assign "DORA Reporting" role in eDesk to dedicated employee(s) per user guide
Communicate LEI code to CSSF line supervisor prior to first submission to enable upload
Prepare RoI in plain-CSV files within
Test submissions against listed error codes (e
Consult ESAs' EBA resources (data point model, validation rules, FAQs) and CSSF guides (e

Key Dates

31 December 2025 - Reference date for 2026 RoI submission (all contractual arrangements up to this date).

11 February 2026 - Publication date of this error guidance (last updated 10/02/2026).

1 April 2025 to 15 April 2025 - Initial 2025 submission window via eDesk (for context; 2026 window likely similar, pending confirmation).

30 April 2025 - CSSF re-submission deadline post-validation for 2025; analogous for 2026 if errors detected. DEADLINE

May 2025 - ESAs' second-round validation for 2025; expect similar for 2026 with potential re-submissions.

Compliance Impact

Urgency: High - Published today (11 February 2026), this equips firms for imminent 2026 RoI submissions (reference date 31 December 2025), with stricter validations on expanded fields risking rejections/re-submissions. Matters for operational resilience compliance under DORA Article 28, as accurate RoI supports supervisory oversight of ICT third-party risks; delays could trigger CSSF/ESA follow-up or fines. Firms with prior 2025 issues (e.g., portal extensions to May 2025) must prioritize to avoid recurrence.

References

Sectors:

Topics:

Operational Resilience / Outsourcing Technology & Cyber Reporting & Disclosure

BankFintechPayment Provider

Banking & Credit Consumer Credit Mortgage & Lending

🇩🇪 BaFin News high

February 11th 2026

finanzpluss: BaFin warns against offers on the website finanzpluss(.)online

finanzpluss, allegedly based in Frankfurt am Main, offers loans on its website for high fees, without the necessary authorisation, which are not paid out.

Sectors:

Topics:

Authorisation & Licensing Consumer Protection / Conduct AML / Financial Crime

BankFintech

🇦🇺 ASIC News high

February 11th 2026

ASIC bans former MWL Financial Services adviser Neil McPherson for 4 years

Sectors:

Consumer Protection / Conduct Authorisation & Licensing

Topics:

Wealth Manager

Banking & Credit Consumer Credit Mortgage & Lending

🇦🇺 ASIC News

February 11th 2026

I would like to welcome you all to the Central Bank of Ireland today 1 . We are delighted to host this gathering of EU Heads of Missions, representatives of our friends and partners from across the EU. A little over a year ago I had the pleasure to meet with you all. I spoke then of a geopolitical landscape facing significant strain and complexity; of the rise of economic nationalism and trade disputes; as well as the shift from cooperation to competition, and its impact on our ability to mee...

AI Analysis

This speech by Central Bank of Ireland (CBI) Governor Gabriel Makhlouf outlines priorities for building economic and financial resilience amid geopolitical risks, climate change, technological shifts, and geoeconomic fragmentation, emphasizing domestic policy focus areas like infrastructure, indigenous business growth, and fiscal buffers. It matters for compliance professionals as it previews CBI's forthcoming 2026 regulatory and supervisory priorities, signaling heightened scrutiny on operational and financial resilience, consumer protection, and alignment with a transforming regulatory framework. https://www.centralbank.ie/news/article/speech-governor-makhlouf-head-eu-missions-10-February-2026

What Changed

This is a forward-looking speech, not announcing immediate regulatory changes, but it references CBI's ongoing transformation agenda, including: Four overarching supervisory priorities for 2026: (1) Maintaining/building resilience to geopolitical/macro-financial risks (operational and financial resilience); (2) Securing consumer/investor interests; plus two others implied in related releases (e.g., governance, financial crime).

What You Need To Do

Review and prepare for priorities
Enhance resilience planning
Engage on consultations
Sector-specific
Proactive supervision prep

Key Dates

Next few weeks from 11 February 2026 - Publication of CBI's full 2026 Regulatory and Supervisory Priorities. https://www.centralbank.ie/news/article/speech-governor-makhlouf-head-eu-missions-10-February-2026

H1 2026 - Consultation on new Regulatory Impact Assessment (RIA) Framework. https://maples.com/regulatory-round-up/central-bank-of-ireland-update-and-supervisory-approach-for-2026-fund-service-providers https://www.centralbank.ie/docs/default-source/regulation/transforming-regulation-and-supervision/regulating-supervising-well-a-more-effective-and-efficient-framework.pdf

Shortly (2026) - Launch of comprehensive Fund Service Provider (FSP) Framework review. https://www.centralbank.ie/docs/default-source/regulation/transforming-regulation-and-supervision/regulating-supervising-well-a-more-effective-and-efficient-framework.pdf

2025-2026 - Ongoing implementation of banking/payments supervisory activities and multi-year roadmap (supervision, regulation, gatekeeping, reporting). https://www.matheson.com/insights/fig-top-5-at-5-06-03-2025/ https://www.centralbank.ie/news/article/press-release-central-bank-of-ireland-publishes-roadmap-to-deliver-a-more-effective-and-efficient-regulatory-framework-10-december-2025

Compliance Impact

Urgency: Medium—This speech signals strategic direction rather than enforceable rules, but imminent priorities publication and 2026 consultations demand proactive preparation to avoid intensified supervision/enforcement. It matters because CBI emphasizes resilience in a high-risk environment (geopolitics, AI, climate), with non-compliance risking closer scrutiny under new integrated approach; firms ignoring this could face heightened operational reviews amid efficiency drive without standards reduction. https://www.centralbank.ie/regulation/transforming-regulation-and-supervision

No description available.

AI Analysis

This CSSF communiqué announces the availability of updated UCI Reports (SAQ, SR, and ML) under Circular CSSF 21/790 on the eDesk platform's CISERO module for specific 2026 year-ends, with key enhancements focused on valuation, NAV determination, and risk-based streamlining. It matters for Luxembourg UCIs as it reflects evolving supervisory priorities, aligns with EU directives like Directive (EU) 2024/927, and imposes refined self-assessment obligations to bolster resilience in stressed conditions and liquidity management.

What Changed

SAQ Updates (Valuation Section): New questions on valuation policies for stressed market conditions/exceptional circumstances; coverage for new sub-funds/strategies; independent validation of material valuation models; and risk-based backtesting for model-valued investments comprising significant NAV portions. SAQ Simplifications and Clarifications: Removed questions on sub-funds with significant non-standard OTC derivatives, unquoted assets, or external valuer OTC FDIs (including NAV proportions); refined wording on conflicts of interest; added sub-questions (e.g., stale valuations); updated...

What You Need To Do

Access updated Reports on eDesk CISERO module immediately and review changes vs
Update valuation policies/procedures to explicitly cover stressed conditions, new sub-funds/strategies, model validations, and backtesting; document compliance
Revise NAV processes for LMT alignment with Directive (EU) 2024/927 Annexes and ESMA performance fee guidelines; confirm for open-ended UCIs
Dirigeants/management
Train staff on updates; conduct gap analysis on policies (e

Key Dates

9 February 2026 Reports (SAQ, SR, ML) made available on eDesk CISERO for year-ends 31 January, 28 February, 31 March, 30 April 2026.

Financial year-end +5 months (UCITS/Part II UCIs) SAQ/SR submission deadline. DEADLINE

Financial year-end +6 months (SIFs/SICARs) SAQ/SR submission deadline. DEADLINE

Three months before year-end (post-30 April 2026) Future Reports availability.

16 April 2026 Entry into application of AIFM/UCITS Review Directive LMT requirements.

Compliance Impact

Urgency: High – Immediate access required for imminent submissions (e.g., 31 January 2026 year-end due ~June 2026); new valuation questions demand policy reviews to avoid supervisory findings, especially amid stressed markets; SR simplifications reduce burden but shift focus to SAQ self-assessment, heightening dirigeants' accountability. Non-compliance risks CSSF follow-up on modified audits or weaknesses, per Circular 21/790.

Sectors:

Topics:

Consumer Protection / Conduct Authorisation & Licensing AML / Financial Crime

BankFintechAll Firms

🇬🇧 FCA News high

February 10th 2026

FCA takes action against HTX to stop illegal financial promotions

The FCA has begun legal proceedings against global crypto exchange HTX (formerly Huobi) for illegally promoting cryptoasset services to UK consumers. Access documents on this claim on the FCA websiteFirms providing crypto products to UK consumers need to comply with rules which protect consumers from unfair and misleading marketing. Advertising cryptoassets on social media or websites without complying with these rules is a criminal offence.Since the rules came into force in October 2023, the...

Sectors:

Consumer Protection / Conduct Authorisation & Licensing

Topics:

Crypto Exchange

Banking & Credit Investment Management Wealth & Private Banking

🇬🇧 FCA Policy high

February 10th 2026

HTX (formerly Huobi): legal proceedings information

FCA v Huobi Global S.A. and Others. On 21 October 2025, the FCA commenced proceedings in the Chancery Division of the High Court against the following parties:HUOBI GLOBAL S.A.(a company incorporated in Panama)PERSONS UNKNOWN (who are the owner of, controller and/or the persons currently in control of all or part of www.htx.com and/or its associated mobile applications (“the HTX Exchange”))PERSONS UNKNOWN (who are the legal and/or natural persons defined as the HTX Operators in the HTX Platfo...

AI Analysis

The FCA has initiated civil proceedings in the High Court against Huobi Global S.A. (HTX, formerly Huobi) and multiple categories of "Persons Unknown" for unlawfully promoting cryptoasset services to UK consumers without authorisation, breaching the financial promotions regime. This action underscores the FCA's aggressive enforcement against unauthorised crypto entities targeting UK retail investors, signaling heightened scrutiny on overseas platforms. Compliance teams must note this as evidence of the regulator's willingness to pursue novel legal strategies like "Persons Unknown" claims to enforce compliance extraterritorially.[https://www.fca.org.uk/news/statements/htx-huobi-legal-proceedings]

What Changed

This is not a policy change but an enforcement action highlighting existing requirements under the UK's financial promotions regime (effective October 2023 for cryptoassets), which mandates FCA registration under anti-money laundering (AML) rules and compliance with promotion standards for all firms—domestic or foreign—marketing to UK consumers. Key elements include prohibitions on unauthorised promotions, with the FCA now using High Court proceedings to target operators, owners, controllers, and even future controllers up to 31 October 2028.

What You Need To Do

Immediate audit
Self-identification
Compliance checks
Social media monitoring
Documentation

Key Dates

21 October 2025 - FCA commences proceedings via Claim Form in Chancery Division, High Court.

2 October 2025 - Particulars of Claim dated (note: precedes claim form, likely preparatory).

22 October 2025 - Application Notice for service out of jurisdiction/alternative means.

4 February 2026 - High Court (Deputy Master Dovar) grants permission to serve proceedings out of jurisdiction and by alternative means.

31 October 2028 - Cut-off for "Persons Unknown" category covering new owners/controllers/promoters.[https://www.fca.org.uk/news/statements/htx-huobi-legal-proceedings]

Compliance Impact

Urgency: High - This sets a precedent for extraterritorial enforcement via "Persons Unknown" claims, extending liability to unidentified/future actors, which amplifies risks for non-UK crypto firms. It matters because post-October 2023 rules have seen positive compliance from most, but FCA vows action against outliers, potentially leading to injunctions, fines, or asset freezes; authorised firms face contagion risks via associations.[https://www.fca.org.uk/news/statements/htx-huobi-legal-proceedings]

Sectors:

Topics:

AML / Financial Crime Consumer Protection / Conduct Authorisation & Licensing

BankWealth ManagerFintech

Banking & Credit Investment Management Wealth & Private Banking

🇱🇺 CSSF News low

February 10th 2026

Development of the balance sheet total and provisional net results of specialised PFS

Situation as at 31 December 2025

Sectors:

Topics:

Prudential / Capital Requirements Reporting & Disclosure

BankAsset ManagerWealth Manager

Banking & Credit Investment Management Wealth & Private Banking

🇱🇺 CSSF News

February 10th 2026

Quarterly development of employment in specialised PFS

Situation as at 31 December 2025

Sectors:

Topics:

Prudential / Capital Requirements Reporting & Disclosure Authorisation & Licensing

BankWealth ManagerAsset Manager

Banking & Credit Investment Management Wealth & Private Banking

🇱🇺 CSSF News low

February 10th 2026

Development of the balance sheet total and provisional net results of support PFS

Situation as at 31 December 2025

Sectors:

Topics:

Prudential / Capital Requirements Reporting & Disclosure Authorisation & Licensing

BankAsset ManagerWealth Manager

Banking & Credit Investment Management Wealth & Private Banking

🇱🇺 CSSF News low

February 10th 2026

Quarterly development of employment in support PFS

Situation as at 31 December 2025

Sectors:

Topics:

Prudential / Capital Requirements Reporting & Disclosure Operational Resilience / Outsourcing

BankAsset ManagerWealth Manager

Banking & Credit Investment Management Wealth & Private Banking

🇱🇺 CSSF News low

February 10th 2026

Balance sheet total and net result of support PFS

Situation as at 31 December 2025

Sectors:

Topics:

Prudential / Capital Requirements Reporting & Disclosure Operational Resilience / Outsourcing

BankAsset ManagerWealth Manager

Banking & Credit Investment Management Wealth & Private Banking

🇦🇪 ADGM News

February 10th 2026

10 Feb 2026 Read more

Sectors:

Topics:

Authorisation & Licensing Consumer Protection / Conduct Technology & Cyber

BankWealth ManagerFintech

🇦🇪 DFSA News high

February 10th 2026

Green notices cover significant and/or significant proposals for Bank of England reporting. If any of these proposals are finalised and are to be implemented, they will appear in a statistical notice.

AI Analysis

Green Notice 2026/01 from the Bank of England (BoE) updates the consultation on discontinuing Form BN data collection, which tracks non-resident business by UK Monetary Financial Institutions (MFIs), following positive feedback on burden reduction but with a pause due to Office for National Statistics (ONS) reliance. Firms must continue reporting Form BN indefinitely pending BoE's assessment of alternatives like Forms CC and CL. This matters for compliance teams as it maintains current reporting obligations while signaling potential future relief, avoiding premature process changes.

What Changed

No immediate discontinuation of Form BN; BoE is assessing Forms CC and CL as alternatives to meet ONS needs, considering data suitability, methodological impacts, and cost-benefit trade-offs. Consultation feedback confirmed no objections to discontinuation and broad agreement on reduced burden, though some firms noted limited savings due to integrated reporting processes. Any final changes will be via a future Statistical Notice; proposed end-date (April 2026 reference period) from Green Notice 2025/01 remains tentative.

What You Need To Do

Continue submitting Form BN as per current thresholds and schedules; do not discontinue reporting
Monitor BoE statistics notices for updates on assessment outcomes and any confirmed changes
Review internal processes for Forms CC and CL to prepare for potential expanded use or adjustments if Form BN ends
If previously provided feedback, no further action needed on consultation (closed)

Key Dates

31 December 2025 - Consultation feedback deadline on original Form BN discontinuation proposal (now closed; summarized in this notice). DEADLINE

April 2026 - Proposed final reference period for Form BN data collection (tentative, pending assessment).

May 2026 - Proposed final publication date for Form BN data (tentative).

TBD - Completion of BoE assessment on Forms CC/CL alternatives and issuance of further Statistical Notice with confirmed changes.

Compliance Impact

Urgency: Medium - Firms face no new burdens or changes yet, but must sustain Form BN reporting to avoid non-compliance risks, as explicitly required. This matters because premature cessation could disrupt ONS statistics and invite regulatory scrutiny; however, low urgency stems from no fixed end-date and positive feedback on eventual burden reduction, allowing time for monitoring without immediate resource reallocation.

References

Sectors:

Topics:

Bank

🇭🇰 SFC Enforcement high

February 9th 2026

SFC reprimands and fines Kylin International (HK) Co., Limited $9 million for fund management failures

No description available.

AI Analysis

The SFC reprimanded and fined Kylin International (HK) Co., Limited $9 million for systemic failures in managing private sub-funds from August 2018 to July 2021, including unmanaged conflicts of interest, inadequate reconciliations/valuations, weak KYC/suitability controls, AML/CTF record-keeping lapses, and misrepresentations to investors. This enforcement action underscores the SFC's heightened scrutiny of private fund managers, emphasizing senior management accountability and robust systems/controls to protect market integrity. Compliance professionals should note it as a deterrent signal, aligning with recent SFC circulars on escalating penalties for persistent misconduct.

Sectors:

AML / Financial Crime Consumer Protection / Conduct Senior Managers / Governance

Topics:

Asset Manager

Banking & Credit Investment Management Wealth & Private Banking

🇪🇺 ECB News medium

February 9th 2026

Sharon Donnery: Interview with the Business Post

No description available.

Sectors:

Topics:

Prudential / Capital Requirements Operational Resilience / Outsourcing Technology & Cyber

BankAsset ManagerWealth Manager

Banking & Credit Investment Management Wealth & Private Banking

🇦🇺 ASIC News high

February 9th 2026

ASIC action sees FIIG Securities ordered to pay $2.5 million over cyber security failures

Sectors:

Topics:

Operational Resilience / Outsourcing Technology & Cyber Consumer Protection / Conduct

Broker DealerWealth ManagerAll Firms

Banking & Credit Investment Management Wealth & Private Banking

🇬🇧 BoE Speech medium

February 8th 2026

The world today – remarks by Andrew Bailey

Given at the AlUla Conference for Emerging Market Economies 2026

Sectors:

Topics:

Prudential / Capital Requirements Technology & Cyber Reporting & Disclosure

BankAsset ManagerWealth Manager

Banking & Credit Investment Management Wealth & Private Banking

🇿🇦 FSCA News low

February 7th 2026

Privacy Statement

Sectors:

Topics:

Consumer Protection / Conduct Operational Resilience / Outsourcing Authorisation & Licensing

BankWealth ManagerAsset Manager

Banking & Credit Investment Management Wealth & Private Banking

🇿🇦 FSCA News

February 7th 2026

Disclaimer

Sectors:

Topics:

Consumer Protection / Conduct Authorisation & Licensing Reporting & Disclosure

BankWealth ManagerAll Firms

🇿🇦 FSCA News

February 7th 2026

Service Level Commitments

Sectors:

Consumer Protection / Conduct Reporting & Disclosure Authorisation & Licensing

Topics:

Asset ManagerBankWealth Manager

Banking & Credit Investment Management Insurance & Pensions

🇿🇦 FSCA News

February 7th 2026

Useful Links

Sectors:

Topics:

Consumer Protection / Conduct Reporting & Disclosure Authorisation & Licensing

BankAsset ManagerInsurance

Banking & Credit Investment Management Wealth & Private Banking

🇿🇦 FSCA News low

February 7th 2026

FSP Search

Sectors:

Topics:

Consumer Protection / Conduct Authorisation & Licensing Reporting & Disclosure

BankAsset ManagerWealth Manager

Banking & Credit Investment Management Insurance & Pensions

🇿🇦 FSCA News high

February 7th 2026

Regulated People and Entities

Sectors:

Topics:

AML / Financial Crime Consumer Protection / Conduct Authorisation & Licensing

BankAsset ManagerInsurance

Banking & Credit Investment Management Wealth & Private Banking

🇿🇦 FSCA News medium

February 7th 2026

Procurement

Sectors:

Topics:

Consumer Protection / Conduct Operational Resilience / Outsourcing Technology & Cyber

BankWealth ManagerFintech

Investment Management Wealth & Private Banking Insurance & Pensions

🇿🇦 FSCA News medium

February 7th 2026

Curatorships

Sectors:

Topics:

Consumer Protection / Conduct Prudential / Capital Requirements Reporting & Disclosure

Asset ManagerWealth ManagerBank

Banking & Credit Investment Management Insurance & Pensions

🇿🇦 FSCA News low

February 7th 2026

Language Policy and Services

Sectors:

Topics:

Consumer Protection / Conduct Reporting & Disclosure Authorisation & Licensing

BankAsset ManagerInsurance

Banking & Credit Investment Management Insurance & Pensions

🇿🇦 FSCA News medium

February 7th 2026

Financial Services Tribunal

Sectors:

Topics:

Consumer Protection / Conduct Prudential / Capital Requirements Authorisation & Licensing

BankAsset ManagerInsurance

Banking & Credit Investment Management Insurance & Pensions

🇿🇦 FSCA Consultation medium

February 7th 2026

Documents for Consultation

AI Analysis

This FSCA publication lists multiple active and draft consultation documents primarily focused on capital markets regulations (e.g., JSE rules amendments) and collective investment schemes (CIS) standards, inviting stakeholder input on proposed changes to enhance market integrity, trading mechanisms, and governance. It matters for compliance professionals as it signals imminent updates to listing requirements, equities rules, and conduct standards that could reshape operational, disclosure, and access protocols in South Africa's financial markets, requiring proactive review to avoid enforcement risks. https://www.fsca.co.za/Document-For-Consultation [FSCA source].

What Changed

Capital Markets: Proposed amendments to JSE listing requirements (e.g., Market Segmentation project, Delegation via BN 640/668 of 2024); JSE Equities Rules changes for Off-Book BookBuild Trades (BN 680), Dealings in Krugerrands (Board Notice 548), Trading Member Access (Board Notice 618); Strate (Pty) Ltd Rules amendments (Board Notice 4276, Proposed Strate Rule Amendments 26 January 2024); Draft FSCA FM Notice and explanatory memoranda on these topics; Discussion documents on benchmarks, collateral expansion, recovery plans, and market infrastructure conduct standards. Collective Investment...

What You Need To Do

Review and submit comments on proposed amendments using FSCA templates (e
Assess internal policies against changes (e
For market infrastructures
Monitor FSCA portals for explanatory memoranda and participate in discussions; update compliance programs for any finalized rules post-consultation

Key Dates

AI Analysis

This FSCA "Enforcement Matters" publication details the regulator's ongoing supervisory enforcement activities, primarily through curatorships imposed on non-compliant financial institutions under South African financial sector laws. It matters for compliance professionals as it exemplifies the FSCA's readiness to escalate to court-ordered curatorships and administrative penalties for serious breaches, signaling a robust enforcement posture to deter misconduct and protect market integrity.

What Changed

No new regulatory changes or requirements are introduced; this is a static resource page listing historical and ongoing enforcement outcomes, focused on curatorship reports and court orders. It underscores the FSCA's established powers to apply remedial actions like curatorships (court-appointed oversight of failing institutions) and administrative penalties, with appeals available to the Tribunal. Key themes include prolonged curatorships for cases involving FAIS (Financial Advisory and Intermediary Services Act) violations, asset mismanagement, and failure to comply with financial laws.

What You Need To Do

Monitor ongoing curatorships
Strengthen governance and reporting
Prepare for escalation
Proactive remediation

Key Dates

Sectors:

Topics:

Authorisation & Licensing Consumer Protection / Conduct Reporting & Disclosure

BankAsset ManagerInsurance

Insurance & Pensions Capital Markets & Trading Crypto & Digital Assets

🇸🇨 FSA Seychelles News high

February 7th 2026

Call Us 

Sectors:

Topics:

Senior Managers / Governance

InsuranceCrypto ExchangeAll Firms

Banking & Credit Investment Management Wealth & Private Banking

🇸🇨 FSA Seychelles News

February 7th 2026

Contact Us 

Sectors:

Topics:

Consumer Protection / Conduct Authorisation & Licensing Reporting & Disclosure

BankWealth ManagerAll Firms

Payments & E-Money Crypto & Digital Assets

🇺🇸 CFTC News medium

February 6th 2026

CFTC Staff Reissues Letter 25-40 Updating Payment Stablecoin Definition

No description available.

Sectors:

Topics:

Authorisation & Licensing Technology & Cyber

BankFintechPayment Provider

Payments & E-Money Banking & Credit Capital Markets & Trading

🇬🇧 FCA Policy high

February 6th 2026

Independent assessment to support establishment of a Future Entity

We have published a letter to trade associations to provide an update in the development of a Future Entity (FE) for open banking. The letter confirms the appointment of KPMG to provide an independent assessment of proposals to establish a standards-setting body for UK open banking APIs that is capable of becoming the Future Entity. It explains the purpose and scope of the assessment, the respective roles of the FCA, industry, trade associations and the independent assessor, and how firms can...

AI Analysis

The FCA has appointed KPMG to conduct an independent assessment of proposals for establishing a **Future Entity** – a standards-setting body for UK open banking APIs that will replace Open Banking Limited. This initiative is critical because it establishes the governance framework for open banking ahead of new legislative powers the FCA will receive under the Data (Use and Access) Act 2025, with a statutory instrument expected by end-2026.

Sectors:

Topics:

Authorisation & Licensing Technology & Cyber Operational Resilience / Outsourcing

BankPayment ProviderFintech

Banking & Credit Investment Management Wealth & Private Banking

🇩🇪 BaFin News high

February 6th 2026

WhatsApp groups and trading app: BaFin warns consumers about identity fraud in connection with the use of the app “IB-Kundendienst”

According to the information available to the Federal Financial Supervisory Authority (BaFin), unknown persons are using WhatsApp groups and chats to contact German investors. The initiators of such WhatsApp groups claim to be Bank of America or its branch in Frankfurt am Main. This is a case of identity fraud misusing names of former employees of the institution.

Sectors:

Topics:

Consumer Protection / Conduct Authorisation & Licensing AML / Financial Crime

BankFintechAll Firms

🇱🇺 CSSF Enforcement high

February 6th 2026

Administrative sanction of 6 February 2026

Administrative sanction imposed on Corestate Capital Holding S.A.

AI Analysis

The CSSF published an administrative sanction on 6 February 2026 against Corestate Capital Holding S.A., likely for breaches in regulatory compliance such as depositary duties, oversight, or governance under Luxembourg financial laws, marking a repeat enforcement action following a prior sanction in June 2025. This matters for compliance professionals as it underscores CSSF's aggressive enforcement on alternative investment fund managers (AIFMs) and depositaries, signaling heightened scrutiny on safekeeping, oversight, and internal controls to prevent systemic risks in Luxembourg's fund sector. It highlights the regulator's willingness to impose public nominative sanctions, amplifying reputational damage alongside fines.

What Changed

No new regulatory changes or requirements are introduced; this is an enforcement action enforcing existing obligations under laws like the AIFM Law of 12 July 2013 (e.g., Articles 19(8), 19(9), 19(11) on safekeeping and oversight duties), the Law of 5 April 1993 on the financial sector, and Commission Delegated Regulation (EU) No 231/2013 (CDR 231/2013, e.g., Articles 92, 94, 96 on risk assessment, valuation verification, and cash flow monitoring).

What You Need To Do

Conduct immediate gap analysis
Enhance oversight duties
Strengthen governance
Firm-wide audit
Training and reporting

Key Dates

20 June 2025 - Prior administrative sanction imposed on Corestate Capital Holding S.A., indicating ongoing non-compliance issues. DEADLINE

6 February 2026 - Publication date of the current administrative sanction on Corestate Capital Holding S.A., effective immediately as a public enforcement notice.

February 2023 –January 2024 for similar cases).

Compliance Impact

Urgency: High – This represents CSSF's pattern of public nominative fines (e.g., EUR 102,000 on JTC for depositary breaches, EUR 10,000 on Capitalis for AML non-cooperation), with escalation risks for repeat violations like Corestate's back-to-back sanctions. It matters due to Luxembourg's dominance in European fund assets (over EUR 5 trillion), where governance lapses can trigger outflows, license revocation, or cross-border ESMA scrutiny; firms must act preemptively to mitigate fines (typically EUR 10,000–102,000) and reputational harm from nominative publication.

References

Sectors:

Authorisation & Licensing Senior Managers / Governance Reporting & Disclosure

Topics:

Asset ManagerAll Firms

🇱🇺 CSSF Enforcement high

February 6th 2026

Administrative sanction of 6 February 2026

Administrative sanction imposed on Corestate Capital Holding S.A.

AI Analysis

The CSSF published an administrative sanction on 6 February 2026 against Corestate Capital Holding S.A., likely imposing a fine for regulatory breaches, marking a repeat enforcement action following a prior sanction on the same entity dated 20 June 2025. This matters as it underscores CSSF's intensified supervisory scrutiny on Luxembourg-based investment managers, particularly regarding governance, asset safekeeping, and oversight duties under AIFM Law, signaling heightened enforcement risks for similar firms. Compliance teams should review it for patterns in depositary and transparency violations evident in recent CSSF cases.

Sectors:

Authorisation & Licensing Reporting & Disclosure Senior Managers / Governance

Topics:

Asset ManagerAll Firms

Banking & Credit Investment Management Wealth & Private Banking

🇮🇪 CBI News medium

February 6th 2026

A Steady Hand: why the Governing Council held rates at 2 per cent this week

In his latest blog, Governor Gabriel Makhlouf explains why the Governing Council kept its main policy interest rate (the deposit facility rate) unchanged at 2% for the fifth consecutive time since June 2025.

Sectors:

Topics:

Prudential / Capital Requirements Consumer Protection / Conduct Reporting & Disclosure

BankAsset ManagerWealth Manager

Banking & Credit Investment Management Wealth & Private Banking

🇩🇪 BaFin News high

February 6th 2026

Identity fraud: BaFin warns consumers about the company Tradeshark24

The Federal Financial Supervisory Authority (BaFin) warns consumers about the company Tradeshark24 and the services it is offering. BaFin suspects the unknown operators of the website tradeshark24(.)com of offering consumers financial, investment and crypto-asset services without the required authorisation. These offers are not provided by Frankfurt Financial Solutions GmbH & Co. KG, Frankfurt, which has no connection to the website tradeshark24(.)com. This is a case of identity fraud.

Sectors:

Topics:

Consumer Protection / Conduct Authorisation & Licensing AML / Financial Crime

BankWealth ManagerFintech

Banking & Credit Consumer Credit Crypto & Digital Assets

🇩🇪 BaFin News high

February 6th 2026

BaFin warns consumers about the website hashxcapital(.)com

The Federal Financial Supervisory Authority (BaFin) warns consumers about the services offered on the website hashxcapital(.)com. BaFin has information that the website’s operators are using it to offer banking business and/or financial services without the required authorisation. The operators are not supervised by BaFin.

Sectors:

Topics:

Consumer Protection / Conduct Authorisation & Licensing

BankFintechCrypto Exchange

🇭🇰 SFC News medium

February 6th 2026

SFC convenes third Digital Asset Consultative Panel meeting

No description available.

Sectors:

Authorisation & Licensing Consumer Protection / Conduct

Topics:

Crypto ExchangeFintech

Banking & Credit Investment Management Wealth & Private Banking

🇨🇭 FINMA News low

February 6th 2026

FINMA to relocate its Zurich office from the city centre to Oerlikon

More attractive working conditions and lower operating costs per workstation: FINMA will relocate its Zurich office from the city centre to Zurich-Oerlikon in autumn 2026.

Sectors:

Topics:

Prudential / Capital Requirements Operational Resilience / Outsourcing Authorisation & Licensing

BankAsset ManagerWealth Manager

Payments & E-Money Crypto & Digital Assets

🇬🇧 FCA News high

February 6th 2026

Gemini Payments UK Ltd and Gemini Intergalactic UK Ltd exit the UK market

From 6 April 2026, Gemini is closing all customer accounts in the UK. Gemini Payments UK, Ltd (GPUK) is authorised by the FCA to issue electronic money (e-money) and provide payment services.Gemini Intergalactic UK, Ltd (GIUK) offers cryptoasset products. These activities are not regulated by the FCA, although we oversee compliance in accordance with UK anti-money laundering regulations. On 5 February 2026, GPUK and GIUK confirmed they plan to exit the UK market. Effective 6 April 2026, Gemin...

Effective Date: 6 April 2026

Sectors:

Topics:

Consumer Protection / Conduct Authorisation & Licensing

Payment ProviderCrypto Exchange

Banking & Credit Investment Management Wealth & Private Banking

🇬🇧 BoE News medium

February 6th 2026

Update on changes to country groupings for International Banking Statistics

This article provides an update regarding implementing changes for country grouping conventions used in statistics covering the international business of monetary financial institutions operating in the UK and the consolidated claims of UK headquartered monetary financial institutions.

Sectors:

Topics:

Prudential / Capital Requirements Reporting & Disclosure Authorisation & Licensing

BankWealth ManagerAll Firms

🇫🇷 AMF News low

February 6th 2026

The AMF awards its 2025 prize for young researchers in economics to Alexandre Madelaine

Institutional Markets Journalists The AMF awards its 2025 prize for young researchers in economics to Alexandre Madelaine

Sectors:

Consumer Protection / Conduct Technology & Cyber Reporting & Disclosure

Topics:

Asset ManagerBroker DealerFintech

Banking & Credit Investment Management Wealth & Private Banking

🇦🇺 ASIC News high

February 6th 2026

Sectors:

Topics:

Market Abuse / Surveillance Authorisation & Licensing Reporting & Disclosure

Asset ManagerWealth ManagerBank

🇺🇸 SEC News low

February 5th 2026

SEC Publishes Data on Exchange Traded Funds and Fund Mergers; Updated Statistics on Municipal Advisors, Transfer Agents, and Security-Based Swap Dealers

The Securities and Exchange Commission’s Division of Economic and Risk Analysis (DERA) has published two new reports on exchange traded funds and fund mergers, and updated statistics and data visualizations on municipal advisors, transfer agents, and…

Sectors:

Topics:

Asset ManagerBroker Dealer

🇫🇷 AMF News high

February 5th 2026

The AMF reminds Digital Asset Service Providers that the transitional period allowing them to continue providing crypto-asset services in France without MiCA authorisation ends on 1 July 2026

MiCA Investment services The AMF reminds Digital Asset Service Providers that the transitional period allowing them to continue providing crypto-asset services in France without MiCA authorisation ends on 1 July 2026

Sectors:

Authorisation & Licensing Reporting & Disclosure

Topics:

Crypto ExchangeFintech

🇪🇺 ESMA Speech

February 5th 2026

Join us for ESMA’s Conference “A new era for EU capital markets” on 21 May 2026

Join us for ESMA’s Conference “A new era for EU capital markets” on 21 May 2026 05 February 2026 About ESMA The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, is organising a high‑level conference “A new era for EU capital markets” on 21 May 2026 in Paris, France. Marking ESMA’s 15-year anniversary, the conference will bring together senior policymakers, regulators, leaders of major market infrastructures and financial institutions, as w...

Sectors:

Market Abuse / Surveillance Consumer Protection / Conduct Technology & Cyber

Topics:

Asset ManagerBroker DealerBank

Banking & Credit Investment Management Wealth & Private Banking

🇬🇧 BoE News medium

February 5th 2026

Bank Rate maintained at 3.75% - February 2026 Monetary Policy Summary and Minutes

The Bank of England’s Monetary Policy Committee is responsible for making decisions about Bank Rate.

Sectors:

Topics:

Prudential / Capital Requirements Operational Resilience / Outsourcing Reporting & Disclosure

BankAsset ManagerWealth Manager

Banking & Credit Investment Management Wealth & Private Banking

🇱🇺 CSSF News low

February 5th 2026

Reappointment of Claude Marx as Director General of the CSSF

Press release 26/03

Sectors:

Topics:

Prudential / Capital Requirements Senior Managers / Governance Authorisation & Licensing

BankWealth Manager

Banking & Credit Investment Management Wealth & Private Banking

🇱🇺 CSSF Warning high

February 5th 2026

Online financial frauds and scams in an artificial intelligence world

No description available.

Sectors:

Topics:

AML / Financial Crime Consumer Protection / Conduct Technology & Cyber

BankWealth ManagerFintech

🇱🇺 CSSF Warning high

February 5th 2026

Crypto frauds and scams

No description available.

Sectors:

AML / Financial Crime Consumer Protection / Conduct

Topics:

Crypto ExchangeAll Firms

Wealth & Private Banking Investment Management

🇬🇧 FCA News high

February 5th 2026

FCA stops Advantage Wealth Management Ltd from carrying out regulated activities and imposes assets restriction

The FCA has imposed restrictions on independent financial adviser Advantage Wealth Management Ltd (AWM), which means it must not dispose of any assets or conduct any regulated activities without the written consent of the FCA. The action follows concerns that AWM is not being managed in a way that ensures that its affairs are conducted in a sound and prudent manner. We issued a First Supervisory Notice (PDF)on 22 December 2025, outlining further details about our concerns and the basis for im...

Sectors:

Topics:

Consumer Protection / Conduct Authorisation & Licensing

Wealth Manager

Banking & Credit Investment Management Wealth & Private Banking

🇦🇺 ASIC News high

February 5th 2026

ASIC permanently bans former NSW financial adviser David Valvo

Sectors:

Topics:

Consumer Protection / Conduct AML / Financial Crime Authorisation & Licensing

Wealth ManagerBank

Banking & Credit Investment Management Wealth & Private Banking

🇦🇺 ASIC News high

February 5th 2026

ASIC takes further steps to support Australians impacted by First Guardian and Shield collapse

Sectors:

Topics:

Consumer Protection / Conduct Reporting & Disclosure Authorisation & Licensing

Asset ManagerWealth ManagerBank

Capital Markets & Trading Crypto & Digital Assets

🇺🇸 CFTC Consultation medium

February 4th 2026

CFTC Withdraws Event Contracts Rule Proposal and Staff Sports Event Contracts Advisory

No description available.

AI Analysis

The CFTC has withdrawn its 2024 proposed rulemaking on "Event Contracts" (which sought to prohibit political event contracts) and the 2025 Staff Advisory (No. 25-36) on sports event contracts, signaling a policy shift under new Chairman Michael S. Selig toward promoting innovation via new rulemaking. This matters because it removes prior restrictive guidance, reduces immediate compliance burdens on prediction market operators, and opens the door for lawful event contracts while hinting at CFTC asserting exclusive jurisdiction over these derivatives.

What Changed

Withdrawal of the June 10, 2024, Notice of Proposed Rulemaking titled “Event Contracts,” which proposed prohibiting political event contracts as contrary to public interest (e.g., akin to war or terrorism outcomes); CFTC confirms no final rules will issue from this proposal. Withdrawal of CFTC Staff Letter 25-36 (issued Sept.

What You Need To Do

Review and disregard prior compliance programs built around the 2024 proposal or 2025 advisory (e
Monitor CFTC docket for new event contracts rulemaking notice and provide comments during any future consultation period
Assess current offerings for event contracts under existing Commodity Exchange Act prohibitions (e
Evaluate litigation exposure, especially state gaming regulator actions; prepare for potential CFTC intervention asserting exclusive jurisdiction
No immediate prohibitions lifted or mandates imposed—continue operating within current CEA framework (e

Key Dates

June 10, 2024 - Publication of withdrawn "Event Contracts" Notice of Proposed Rulemaking.

September 30, 2025 - Issuance of withdrawn CFTC Staff Letter 25-36 (Sports Event Contracts Advisory).

February 4, 2026 - CFTC announcement withdrawing both the 2024 proposal and 2025 advisory; no final rules from 2024 proposal; new rulemaking to advance.

Compliance Impact

Urgency: Medium – This withdrawal immediately eliminates overhang from restrictive proposals/advisories, allowing firms to pivot from prohibition compliance to innovation planning without urgent deadlines. It matters for reducing uncertainty in prediction markets but requires vigilance for new rules, jurisdictional fights, and insider trading clarity, as platforms like Polymarket face ongoing scrutiny.

References

Sectors:

Topics:

Authorisation & Licensing Market Abuse / Surveillance

Broker DealerFintechCrypto Exchange

🇯🇵 JFSA News

No description available.

Sectors:

AML / Financial Crime Consumer Protection / Conduct Authorisation & Licensing

Topics:

Wealth Manager

Banking & Credit Capital Markets & Trading Payments & E-Money

🇬🇧 BoE News medium

February 4th 2026

Results of the Foreign Exchange Joint Standing Committee (FXJSC) Turnover Survey for October 2025

In October 2025, 25 financial institutions active in the UK foreign exchange (FX) market participated in the semi-annual turnover survey for the Foreign Exchange Joint Standing Committee (FXJSC).

Sectors:

Topics:

Reporting & Disclosure Market Abuse / Surveillance Prudential / Capital Requirements

BankBroker DealerPayment Provider

🇱🇺 CSSF Enforcement high

February 4th 2026

Administrative sanction of 23 July 2025

Administrative sanction imposed on Genève Invest (Europe) S.A.

AI Analysis

The CSSF imposed an administrative sanction on 23 July 2025 against Genève Invest (Europe) S.A., a Luxembourg-regulated entity, for breaches of professional obligations, as detailed in a publication released on 4 February 2026. This enforcement action underscores the CSSF's focus on robust internal controls and compliance with investment rules, serving as a warning to investment firms on the consequences of organizational and conduct failures. Compliance professionals should note it as evidence of heightened CSSF scrutiny on fund managers handling client assets and counterparties.

Sectors:

Authorisation & Licensing Reporting & Disclosure Senior Managers / Governance

Topics:

Asset ManagerWealth ManagerAll Firms

Banking & Credit Consumer Credit Mortgage & Lending

🇬🇧 FCA News high

February 4th 2026

FCA and SRA issue joint warning to firms representing motor finance commission claims

The FCA and Solicitors Regulation Authority (SRA) have today issued a joint warning to claims management companies (CMCs) and law firms involved in motor finance commission claims to make sure consumers don’t have multiple representatives for the same claim and are not charged excessive termination fees. The regulators are reminding CMCs and law firms that they are expected to have robust checks in place to confirm consumers have not already instructed another representative. The FCA has also...

Sectors:

Topics:

Consumer Protection / Conduct Authorisation & Licensing

BankFintechAll Firms

Banking & Credit Investment Management Wealth & Private Banking

🇬🇧 FCA Policy high

February 4th 2026

FCA and SRA joint message to professional representatives on motor finance commission claims: dealing with multiple representation and excessive termination fees

The FCA and Solicitors Regulation Authority (SRA) are warning claims management companies and law firms (representatives) involved in motor finance claims to make sure clients don’t have multiple representatives for the same claim and are not charged excessive termination fees We have seen some clients with up to 4 different representatives for the same claim. They risk being charged termination fees, which could be deemed excessive, should they try to cancel duplicate agreements.

AI Analysis

The FCA and SRA have issued a joint warning to claims management companies (CMCs) and law firms handling motor finance commission claims, addressing multiple client representations (up to 4 per claim observed) and excessive termination fees, which risk unfair consumer treatment. This matters because regulators are intensifying scrutiny amid a paused complaints-handling period (ending May 2026) and a forthcoming redress scheme, with enforcement actions already underway against non-compliant firms.

What Changed

This is a non-binding joint message reinforcing existing obligations under FCA's Consumer Duty, Claims Management Conduct of Business Sourcebook, Consumer Rights Act 2015 (CRA), and SRA standards, rather than introducing new rules. Key emphases include mandatory robust onboarding due diligence to prevent multiple representations, clear upfront disclosure of termination fees, and justification of any fees charged (especially if onboarding was inadequate).

What You Need To Do

Engaging clients and other representatives to confirm client wishes and establish single representative
Notifying respondent firms promptly of the sole representative
Supporting file transfers with client consent and considering no-charge resolutions if onboarding was poor
Robust onboarding checks (e
Entering new agreements only after prior termination and informed consent

Key Dates

Sectors:

Topics:

AML / Financial Crime Consumer Protection / Conduct Reporting & Disclosure

BankWealth ManagerAsset Manager

Investment Management Crypto & Digital Assets Capital Markets & Trading

🇱🇺 CSSF Guidance high

February 4th 2026

FAQ Crypto-Assets – Undertakings for collective investment (Updated)

Version 7 – 04/02/2026

AI Analysis

The CSSF has released Version 7 of its FAQ on Crypto-Assets for Undertakings for Collective Investment, updated on February 4, 2026, to reflect the entry into force of the Markets in Crypto-Assets Regulation (MiCAR). This guidance establishes binding investment limits, authorization requirements, and risk management standards for UCITS and AIFs investing in crypto-assets, fundamentally reshaping how Luxembourg-regulated collective investment schemes can engage with digital assets.

Sectors:

Topics:

Authorisation & Licensing Prudential / Capital Requirements Reporting & Disclosure

Asset ManagerHedge FundFintech

🇱🇺 CSSF News

February 4th 2026

Law of 12 July 2013 (consolidated version) (Updated)

on alternative investment fund managers

Sectors:

Authorisation & Licensing Prudential / Capital Requirements

Topics:

Asset ManagerWealth Manager

Banking & Credit Investment Management Wealth & Private Banking

🇸🇬 MAS Speech low

February 4th 2026

“Singapore’s Grant to the International Monetary Fund’s Trust for the Special Poverty Reduction and Growth Operations for the Heavily Indebted Poor Countries (“PRG-HIPC Trust”), to Support Sudan’s Debt Relief” - Second Motion Speech by Mr Alvin Tan, Minister of State for Ministry of Trade and Indust

“Singapore’s Grant to the International Monetary Fund’s Trust for the Special Poverty Reduction and Growth Operations for the Heavily Indebted Poor Countries (“PRG-HIPC Trust”), to Support Sudan’s Debt Relief” - Second Motion Speech by Mr Alvin Tan, Minister of State for Ministry of Trade and Industry and Ministry of National Development and Board Member of the Monetary Authority of Singapore (MAS), on behalf of Mr Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chai

Sectors:

Topics:

AML / Financial Crime Prudential / Capital Requirements Reporting & Disclosure

BankWealth ManagerAll Firms

Banking & Credit Investment Management Wealth & Private Banking

🇸🇬 MAS Speech medium

February 4th 2026

“Singapore’s Contributions to the International Monetary Fund” – First Motion Speech by Mr Alvin Tan, Minister of State for Ministry of Trade and Industry and Ministry of National Development and Board Member of the Monetary Authority of Singapore (MAS), on behalf of Mr Gan Kim Yong, Deputy Prime Mi

First Motion Speech by Mr Alvin Tan, Minister of State for Ministry of Trade and Industry and Ministry of National Development and Board Member of the Monetary Authority of Singapore (MAS), on behalf of Mr Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman of MAS on 4 February 2026.

Sectors:

Topics:

AML / Financial Crime Prudential / Capital Requirements Reporting & Disclosure

BankAsset ManagerWealth Manager

Banking & Credit Consumer Credit Payments & E-Money

🇸🇬 MAS News low

February 4th 2026

Written reply to Parliamentary Questions on Buy Now, Pay Later transactions and the maximum purchase limit for those below 21 years old

Written reply to Parliamentary Questions on Buy Now, Pay Later transactions and the maximum purchase limit for those below 21 years old.

Sectors:

Topics:

Consumer Protection / Conduct Reporting & Disclosure

BankFintechPayment Provider

Banking & Credit Payments & E-Money Consumer Credit

🇸🇬 MAS News medium

February 4th 2026

Written reply to Parliamentary Question on delays and non-receipt of transaction alerts for fraudulent transactions

Written reply to Parliamentary Question on delays and non-receipt of transaction alerts for fraudulent transactions.

Sectors:

Topics:

Consumer Protection / Conduct Operational Resilience / Outsourcing Reporting & Disclosure

BankFintechPayment Provider

Banking & Credit Payments & E-Money Consumer Credit

🇸🇬 MAS News medium

February 4th 2026

Written reply to Parliamentary Question on clearer regulatory guidance on assigning liability for fraudulent transactions

Written reply to Parliamentary Question on clearer regulatory guidance on assigning liability for fraudulent transactions.

Sectors:

Topics:

Consumer Protection / Conduct Operational Resilience / Outsourcing Reporting & Disclosure

BankFintechPayment Provider

🇸🇬 MAS News medium

February 4th 2026

Oral reply to Parliamentary Question on disputes related to health insurance claims

Oral reply to Parliamentary Question on disputes related to health insurance claims.

Sectors:

Consumer Protection / Conduct Reporting & Disclosure

Topics:

InsuranceAll Firms

🇨🇦 OSFI News

February 4th 2026

ESMA launches selection process for its next Chair 03 February 2026 About ESMA Careers Vacancies The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has launched the selection procedure for the position of ESMA Chair . This key leadership role offers the opportunity to shape the future of Europe’s financial markets and steer the organisation through an evolving regulatory and supervisory landscape. As a full‑time, independent professional...

AI Analysis

ESMA has launched a selection process for its next Chair, a full-time independent role based in Paris responsible for leading strategic direction, governance, and representation amid evolving EU financial markets regulation. This matters for compliance professionals as the incoming Chair will influence ESMA's supervisory priorities, enforcement approach, and adaptation to upcoming legislative changes like market integration proposals, potentially impacting how firms navigate cross-border supervision and reporting requirements.

Sectors:

Senior Managers / Governance

Topics:

All Firms

🇬🇧 FCA Speech medium

February 3rd 2026

Insurance in the round: Innovation, growth and trust

Speech by Sarah Pritchard, FCA deputy chief executive, at the ABI Annual Conference. IntroductionIt’s hard to think of a more symbolic venue to discuss driving change in the insurance sector than the QEII Centre.Step outside, and you’re in the shadow of both the Houses of Parliament, and Westminster Abbey. Scrutiny, change and serving citizens on one side. Tradition on the other.That’s where insurance sits, too.As an industry, you have to balance the new with the non-negotiables – finding way...

Sectors:

Consumer Protection / Conduct Technology & Cyber

Topics:

Insurance

🇫🇷 AMF News medium

February 3rd 2026

The AMF publishes a working group study on structured products

Derivatives or structured products Marketing MIFID The AMF publishes a working group study on structured products

Sectors:

Consumer Protection / Conduct Reporting & Disclosure

Topics:

Asset ManagerBroker Dealer

Banking & Credit Insurance & Pensions Consumer Credit

🇩🇪 BaFin Enforcement medium

February 3rd 2026

Publication of financial reports: Federal Office of Justice imposes disciplinary fine on Gateway Real Estate AG

On 12 December 2025, the Federal Office of Justice (Bundesamt für Justiz - BfJ) imposed a disciplinary fine amounting to 50,000 euros on Gateway Real Estate AG

AI Analysis

The Federal Office of Justice (BfJ) imposed a €50,000 disciplinary fine on Gateway Real Estate AG on 12 December 2025 for failing to submit its 2024 consolidated accounting documents electronically to the Bundesanzeiger operator, breaching section 325 HGB. This enforcement action underscores BaFin/BfJ's strict oversight of financial reporting obligations under the German Commercial Code (HGB), signaling heightened scrutiny on timely and proper disclosure for listed real estate firms. Compliance teams must prioritize automated electronic submission processes to avoid similar sanctions, as this case highlights procedural lapses as sanctionable offenses.

What Changed

No new regulatory changes are introduced; this is an enforcement action applying existing rules under sections 325 and 335 HGB. Section 325 HGB mandates electronic submission of consolidated accounting documents (e.g., annual financial statements, management reports) for public disclosure via the Bundesanzeiger. Section 335 HGB provides the legal basis for disciplinary fines up to €50,000 for non-compliance, emphasizing electronic format as mandatory since the HGB's digital disclosure amendments (effective post-2013 e-Bilanz reform).

What You Need To Do

Implement automated electronic submission workflows for HGB disclosures using Bundesanzeiger's XBRL/iXBRL formats to ensure compliance with section 325 HGB
Conduct annual process audits pre-deadline (e
Train finance/compliance staff on HGB electronic disclosure rules, including penalties under section 335; integrate into closing checklists
Monitor appeals/outcomes via BaFin/BfJ updates; for real estate firms, cross-check with prior BaFin probes (e
Enhance governance with senior manager attestation for disclosure submissions to mitigate organizational breach risks

Key Dates

31 July 2025 - Standard deadline for AGs to submit 2024 financial year consolidated documents to Bundesanzeiger (3 months post-year-end per section 325 (1) HGB; Gateway's breach implies non-submission by this date). DEADLINE

12 December 2025 - Date BfJ imposed the €50,000 disciplinary fine.

03 February 2026 - BaFin publication date of the enforcement notice.

Compliance Impact

Urgency: Medium. This matters due to the procedural nature of the breach—electronic submission is a basic, avoidable control failure amid BaFin's 2025 enforcement push on reporting/governance (e.g., fines on Deutsche Bank €23m, J.P. Morgan €45m for similar lapses). While the €50,000 fine is modest, it sets precedent for real estate sector scrutiny (link to BaFin's Gateway valuation probe), risks escalation to BaFin market abuse actions, and aligns with broader HGB digitization mandates. Firms with weak disclosure automation face cumulative fines/reputational harm, especially listed entities.

What does 'fair value' mean in financial services? It might sound like dry regulator speak, but it’s really asking a simple question – are customers paying a reasonable price for a product, compared to the benefits they get in return?This is not us setting a particular price or level of profit which firms can make. But it's a challenge to firms – can they provide evidence that their customers are getting a fair deal? If they can’t, then they need to look again.This applies across financial se...

AI Analysis

This FCA blog post clarifies the 'fair value' concept under Consumer Duty, emphasizing that firms must evidence a reasonable price-to-benefits relationship without the FCA dictating prices or profits. It matters because it signals ongoing FCA scrutiny and enforcement in sectors like cash savings, investment platforms, and premium finance, with demonstrated consumer savings of £167m annually from interventions. Compliance professionals must prioritize robust fair value assessments to avoid challenges, remedial actions, or enforcement.

Sectors:

Topics:

Consumer Protection / Conduct

BankInsuranceAll Firms

Banking & Credit Consumer Credit Mortgage & Lending

🇦🇪 ADGM News

February 3rd 2026

Sectors:

Topics:

Consumer Protection / Conduct Reporting & Disclosure Authorisation & Licensing

BankFintechAll Firms

Banking & Credit Capital Markets & Trading Payments & E-Money

🇱🇺 CSSF News medium

February 2nd 2026

Outcomes of the 2025 SFTR Data Quality indicators review

The CSSF informs the market regarding the outcomes of the SFTR Data Quality indicators review performed in 2025

Sectors:

Topics:

Reporting & Disclosure Prudential / Capital Requirements Operational Resilience / Outsourcing

BankBroker DealerPayment Provider

Banking & Credit Investment Management Wealth & Private Banking

🇩🇪 BaFin News high

February 2nd 2026

PCAM: BaFin warns against offers on the website pc-asset-management[.]com, in the app “PCAU pro,” and in WhatisApp groups

In the WhatsApp groups, investors are recommended by “Harrison T Blake” and “Francesca Müller” to invest in financial instruments that can then be traded via the aforementioned app or the platform pc-asset-management[.]com.

Sectors:

Topics:

Consumer Protection / Conduct Authorisation & Licensing AML / Financial Crime

BankWealth ManagerFintech