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3248108 pc Jun 17, 2026 pdonofrio Argentina Ministry of Justice and Human Rights financial services
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Argentina's National Securities Commission Relaxes Foreign Currency Sale Restrictions for Capital Market Agents

On June 12, 2026, Argentina's National Securities Commission (Comisión Nacional de Valores, CNV) issued General Resolution 1152 (RG N°1152) to normalize the capital markets by relaxing certain restrictions on securities brokers and dealers (Agentes de Bolsa y Casas de Bolsa, ALyC) and securities dealers (Agentes de Negociación, AN). The resolution flexibilizes limitations on foreign currency-denominated securities sales for ALyC and AN proprietary portfolios, both in local and foreign jurisdictions. Previously, these agents faced restrictions when conducting such transactions. The CNV introduced new exceptions to these limitations, clarifying existing provisions while adding new scenarios to support market operations without compromising regulatory compliance. Under the resolution, ALyC and AN can now sell foreign currency-denominated securities for their proprietary portfolios when they maintain local currency positions in repurchase agreements, securities lending, or other capital market financing operations. Additionally, the CNV introduced a new exception permitting ALyC and AN to sell foreign currency-denominated securities to rebalance their foreign currency positions up to 15 percent of their net equity (after deducting minimum regulatory capital requirements), subject to specified daily limits. The resolution supersedes Interpretive Criterion Number 99, which previously contained only an intraday exception for such transactions. Roberto E. Silva, CNV chief executive, said the resolution "clarifies existing exceptions for ALyCs and ANs and adds new scenarios, always within current regulations, without affecting agent operations." The resolution is effective immediately and applies to all ALyC and AN market participants conducting foreign currency-denominated securities transactions.

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Argentine National Securities Commission Relaxes Foreign Currency Sale Restrictions for Capital Market Agents

On June 17, 2026, the Argentine National Securities Commission (CNV) issued General Resolution No. 1152 to normalise the capital markets by relaxing certain restrictions on securities brokers and dealers (ALyCs) and securities dealers (ANs). The resolution relaxes limitations on foreign currency-denominated securities sales for ALyC and AN proprietary portfolios, both in local and foreign jurisdictions. Previously, these agents faced restrictions when conducting such transactions. The CNV introduced new exceptions to these limitations, clarifying existing provisions while adding new scenarios to support market operations without compromising regulatory compliance. Under the resolution, ALyCs and ANs can now sell foreign currency-denominated securities for their proprietary portfolios when they maintain local currency positions in repurchase agreements, securities lending or other capital market financing operations. Additionally, the CNV introduced a new exception permitting ALyCs and ANs to sell foreign currency-denominated securities to rebalance their foreign currency positions up to 15 percent of their net equity (after deducting minimum regulatory capital requirements), subject to specified daily limits. The resolution supersedes Interpretive Criterion No. 99, which previously contained only an intraday exception for such transactions, and takes effect immediately .
3250384 pc Jun 17, 2026 pdonofrio US Track 3 Notices | FINRA financial services
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Financial Industry Regulatory Authority Introduces Electronic Rule 605 Designated Participant Authorization Form

On June 17, 2026, the Financial Industry Regulatory Authority (FINRA) published an Information Notice introducing a new electronic Rule 605 Designated Participant Authorization Form for members to streamline the process of obtaining unique reporter identification codes and providing hyperlinks to their Rule 605 execution quality reports. The new form becomes available through the FINRA Gateway on June 17, 2026, in advance of amendments to Rule 605 of the Securities and Exchange Commission (SEC) Regulation National Market System (NMS) and the Rule 605 NMS Plan, which take effect on August 1, 2026. The SEC adopted these amendments on March 6, 2024, to broaden the scope of entities required to file Rule 605 reports beyond market centers to include certain broker-dealers, as well as broker-dealers operating alternative trading systems (ATSs) and single dealer platforms (SDPs). The amendments also modify the scope and content of required monthly detailed execution quality disclosures and introduce a new monthly summary execution quality report. All members selecting FINRA as their Designated Participant and required to publish Rule 605 reports under the amended rule must submit the new electronic form. This requirement applies to both new entities becoming subject to Rule 605 for the first time and existing market centers already subject to Rule 605. Members required to publish Rule 605 reports for multiple functions must submit a separate form and obtain a separate unique reporter identification code for each function. The form requires firms to provide firm identification, market participant identifier, a four-character alphabetic reporter identification code, reporter type selection, the URL where Rule 605 reports will be published, firm contact information, and certification authorizing FINRA to act as Designated Participant. Firms can access and submit the form through the FINRA Gateway beginning June 17, 2026. The first set of monthly reports under the amended rule must be published before the end of September 2026.

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US Financial Industry Regulatory Authority Introduces Rule 605: Designated Participant Authorization Form

On June 17, 2026, the US Financial Industry Regulatory Authority (FINRA) introduced a new electronic rule, Rule 605: Designated Participant Authorization Form , for members to streamline the process of obtaining unique reporter identification codes and providing hyperlinks to their execution quality reports. The new form becomes available through the FINRA Gateway on June 17, 2026, in advance of amendments to Rule 605 of the US Securities and Exchange Commission (SEC)'s National Market System (NMS) regulation and the Rule 605 NMS plan, which take effect on August 1, 2026. The SEC originally adopted these amendments on March 6, 2024 to broaden the scope of entities required to file Rule 605 reports beyond market centers to include certain broker-dealers, as well as broker-dealers operating alternative trading systems (ATSs) and single dealer platforms (SDPs). The amendments also modify the scope and content of required monthly detailed execution quality disclosures and introduce a new monthly summary execution quality report. All members selecting FINRA as their designated participant and required to publish Rule 605 reports under the amended rule must submit the new electronic form. This requirement applies to both new entities becoming subject to Rule 605 for the first time and existing market centers already subject to Rule 605. Members required to publish Rule 605 reports for multiple functions must submit a separate form and obtain a separate unique reporter identification code for each function. The form requires firms to provide firm identification, market participant identifier, a four-character alphabetic reporter identification code, reporter type selection, the URL where Rule 605 reports will be published, firm contact information and certification authorizing FINRA to act as designated participant.
3245774 gc Jun 17, 2026 apintea Czech Republic Ministry Of Finance gamblingcompliance
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Czech Republic's Ministry of Finance Issues New Certificates for Non-Production Gambling System Environment

On June 16, 2026, the Czech Republic's Ministry of Finance, Department of Procedural Agenda and Gambling Regulation, announced the expiration and replacement of digital certificates for the non-production environment of the Remote Gambling Operations System (RVO Playground). The qualified digital signature certificate expires on June 30, 2026, while the Transport Layer Security (TLS) signature certificate expires on July 2, 2026. In accordance with the Complete Technical Specification of the Information System for Operating Gambling Games and its Annex 3 on Non-Production Environment Access and Operational Information, the Ministry of Finance publishes new certificates issued by certification authority I.CA. The updated TLS signature certificates are valid until January 1, 2027, while the new qualified digital signature certificates for electronic sealing are valid until June 11, 2027. These certificates replace previous versions that expired on various dates between December 2021 and July 2025. All certificates are available for download from the Ministry's website. Gambling operators must deploy the new certificates to the non-production RVO environment by June 29, 2026. From that date forward, operators are required to use the updated certificates provided in this announcement. The Ministry of Finance has made both TLS and qualified signature certificate files available for download to ensure operators can implement the necessary changes before the expiration dates. This update affects all entities operating gambling games through the RVO system and utilizing the non-production testing environment.

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Czech Ministry of Finance publishes new certificates for non-production gambling system environment

On June 17, 2026, the Czech Republic's Ministry of Finance announced the expiration and replacement of digital certificates for the non-production environment of the Remote Gambling Operations System (RVO Playground). The qualified digital signature certificate expires on June 30, 2026, while the Transport Layer Security (TLS) signature certificate expires on July 2, 2026. In accordance with the Complete Technical Specification of the Information System for Operating Gambling Games and its Annex 3 on Non-Production Environment Access and Operational Information, the Ministry of Finance publishes new certificates issued by certification authority I.CA. The updated TLS signature certificates are valid until January 1, 2027, while the new qualified digital signature certificates for electronic sealing are valid until June 11, 2027. These certificates replace previous versions that expired on various dates between December 2021 and July 2025. Gambling operators must deploy the new certificates to the non-production RVO environment by June 29, 2026. From that date forward, operators are required to use the updated certificates provided in this announcement. The Ministry of Finance has made both TLS and qualified signature certificate files available for download to ensure operators can implement the necessary changes before the expiration dates. This update affects all entities operating gambling games through the RVO system and utilizing the non-production testing environment.
3248600 gc Jun 17, 2026 apintea France ANJ (regulator) (check manually) gamblingcompliance
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Nine European Gambling Regulators Issue Joint Declaration on Prediction Markets During Football World Cup

On June 17, 2026, the gambling regulators of Belgium, France, Germany, Italy, the Netherlands, Poland, Portugal, Spain, and Switzerland issued a joint declaration addressing prediction markets ahead of the 2026 FIFA World Cup. The declaration highlights concerns about unregulated prediction market platforms and commits the nine authorities to enhanced cross-border cooperation to enforce compliance with local regulations. The regulators identified prediction markets as a rapidly growing form of gambling, particularly among young adults, which presents significant addictive characteristics. These platforms allow users to bet on the outcomes of political, sporting, and geopolitical events. The authorities expressed concern that unregulated prediction market platforms operating in their jurisdictions lack consumer protections, including 24-hour accessibility without integrated betting limits, inadequate age and identity verification, and no time-restriction mechanisms. The regulators noted that prediction markets carry serious risks of illegality, fund blocking, insider trading fraud, and financial volatility. The declaration emphasizes that unregulated platforms in most jurisdictions can create severe gambling addiction problems. The nine authorities committed to close collaboration during the World Cup and beyond to ensure gambling operators comply with advertising regulations, betting integrity requirements, and player protection standards. The regulators stated they will take enforcement action against prediction market platforms that fail to comply with local regulations. The declaration also calls on sports organisations, including federations, leagues, and teams, to verify the legality of prediction market platforms in their territories before entering major partnerships. The regulators will strengthen cross-border cooperation through information and expertise sharing, and most will intensify social media activity during the competition to promote safe gambling practices.

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2011 chars · nid 51546

Nine European gambling regulators issue joint declaration on prediction markets during football World Cup

On June 17, 2026, the gambling regulators of Belgium, France, Germany, Italy, the Netherlands, Poland, Portugal, Spain, and Switzerland issued a joint declaration addressing prediction markets during the 2026 FIFA World Cup. The declaration highlights concerns about unregulated prediction market platforms and commits the nine authorities to enhanced cross-border cooperation to enforce compliance with local regulations. The regulators identified prediction markets as a rapidly growing form of gambling, particularly among young adults, which presents significant addictive characteristics. These platforms allow users to bet on the outcomes of political, sporting, and geopolitical events. The authorities expressed concern that unregulated prediction market platforms operating in their jurisdictions lack consumer protections, including 24-hour accessibility without integrated betting limits, inadequate age and identity verification, and no time-restriction mechanisms. The regulators noted that prediction markets carry serious risks of illegality, fund blocking, insider trading fraud, and financial volatility. The declaration emphasizes that unregulated platforms in most jurisdictions can create severe gambling addiction problems. The nine authorities committed to close collaboration during the World Cup and beyond to ensure gambling operators comply with advertising regulations, betting integrity requirements, and player protection standards. The regulators stated they will take enforcement action against prediction market platforms that fail to comply with local regulations. The declaration also calls on sports organisations, including federations, leagues, and teams, to verify the legality of prediction market platforms in their territories before entering major partnerships. The regulators will strengthen cross-border cooperation through information and expertise sharing, and most will intensify social media activity during the competition to promote safe gambling practices.
3246180 gc Jun 17, 2026 apintea Gibraltar Government of Gibraltar Gambling Division - Anti-Money Laundering Guidance gamblingcompliance
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Gibraltar Gambling Commissioner Publishes Updated Money Laundering and Terrorist Financing Risk Assessment

On June 17, 2026, the Gibraltar Gambling Commissioner published the 2026 iteration of its Assessment of Money Laundering, Terrorist Financing and Proliferation Financing Risks within the Gambling Industry. This comprehensive risk assessment evaluates money laundering (ML), terrorist financing (TF), and proliferation financing (PF) vulnerabilities across all regulated gambling sectors in Gibraltar, informed by supervisory data, intelligence reports, and regulatory engagement. The assessment maintains existing overall risk ratings across different gambling sectors. Remote business-to-consumer (B2C) operators and land-based casinos are rated as higher risk; betting shops as medium risk; and remote business-to-business (B2B) operators, lotteries, and other sectors including bingo and gaming machines as low risk. The assessment notes that while the overall ML/TF risk profile remains unchanged, underlying risks continue to evolve. Recent supervisory engagement and the Gibraltar National Risk Assessment (2025) indicate increasing linkage between gambling activity and proceeds of fraud, particularly cyber-enabled fraud, alongside greater complexity from cross-border operations and reliance on automated control systems. The assessment identifies fraud, including cyber-enabled fraud, as the most prevalent predicate offence affecting Gibraltar, with illicit proceeds subsequently spent via online gambling platforms rather than through traditional money laundering methods. The document highlights emerging risks including cryptocurrency misuse, artificial intelligence-generated falsified documentation, sophisticated fraud typologies, and weaknesses in certain sanctions screening systems. The assessment incorporates regulatory learning points from recent enforcement activity, emphasizing enhanced due diligence application, risk profiling, suspicious activity reporting obligations, independent audit requirements, and effective governance of third-party screening providers. Licence Holders are expected to integrate these expectations into their own risk frameworks and controls. REFERENCES: Gibraltar Gambling Commissioner. (2026). Assessment of the Money Laundering, Terrorist Financing and Proliferation Financing Risks within the Gambling Industry in Gibraltar. Available at: https://www.gibraltar.gov.gi/new/remote-gambling

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Gibraltar Gambling Commissioner publishes updated AML risk assessment

On June 17, 2026, the Gibraltar Gambling Commissioner published the 2026 iteration of its Assessment of Money Laundering, Terrorist Financing and Proliferation Financing Risks within the Gambling Industry . This comprehensive risk assessment evaluates money laundering (ML), terrorist financing (TF), and proliferation financing (PF) vulnerabilities across all regulated gambling sectors in Gibraltar, informed by supervisory data, intelligence reports, and regulatory engagement. The assessment maintains existing overall risk ratings across different gambling sectors. Remote business-to-consumer (B2C) operators and land-based casinos are rated as higher risk; betting shops as medium risk; and remote business-to-business (B2B) operators, lotteries, and other sectors including bingo and gaming machines as low risk. The assessment notes that while the overall ML/TF risk profile remains unchanged, underlying risks continue to evolve. Recent supervisory engagement and the Gibraltar National Risk Assessment (2025) indicate increasing linkage between gambling activity and proceeds of fraud, particularly cyber-enabled fraud, alongside greater complexity from cross-border operations and reliance on automated control systems. The 2025 National Risk Assessment identifies fraud, including cyber-enabled fraud, as the most prevalent predicate offence affecting Gibraltar, with illicit proceeds subsequently spent via online gambling platforms rather than through traditional money laundering methods. The document highlights emerging risks including cryptocurrency misuse, artificial intelligence-generated falsified documentation, sophisticated fraud typologies, and weaknesses in certain sanctions screening systems. The assessment incorporates regulatory learning points from recent enforcement activity, emphasizing enhanced due diligence application, risk profiling, suspicious activity reporting obligations, independent audit requirements, and effective governance of third-party screening providers. Licence holders are expected to integrate these expectations into their own risk frameworks and controls.
3243682 pc Jun 17, 2026 pthandapani India Reserve Bank of India horizon scanning
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Reserve Bank of India Issues Amendments to Non-Banking Financial Companies Capital Adequacy Directions

The Reserve Bank of India (RBI) has issued the Reserve Bank of India (Non-Banking Financial Companies – Prudential Norms on Capital Adequacy) Third Amendment Directions, 2026. The amended directions contain: Regulations prescribing a zero percent risk weight for exposures guaranteed under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0, applicable to the extent of 75 percent of the guaranteed portion where the settlement amount is expected to be received within 30 days from the date of invocation. Specific rules mandating that the remaining exposure will continue to attract a risk weight according to the extant guidelines. The amendments take immediate effect.
3243686 pc Jun 17, 2026 pthandapani India Reserve Bank of India horizon scanning
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662 chars · nid 93295

Reserve Bank of India Issues Amendments to Commercial Banks Capital Adequacy Directions

The Reserve Bank of India (RBI) has issued the Reserve Bank of India (Commercial Banks- Prudential Norms on Capital Adequacy) Ninth Amendment Directions, 2026. The amended directions contain: Regulations prescribing a zero percent risk weight for exposures guaranteed under the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0, applicable to the extent of 75percent of the guaranteed portion where the settlement amount is expected to be received within 30 days from the date of invocation. Specific rules mandating that the remaining exposure will continue to attract a risk weight according to the extant guidelines. The amendments take immediate effect.
3242901 pc Jun 17, 2026 pthandapani India Reserve Bank of India financial services
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India's Reserve Bank Issues Second Amendment Directions on Commercial Bank Responsible Business Conduct

On June 15, 2026, the Reserve Bank of India (RBI) issued the Reserve Bank of India (Commercial Banks – Responsible Business Conduct) Second Amendment Directions, 2026, establishing comprehensive instructions on advertising, marketing, and sale of financial products and services by commercial banks. The directions apply to all commercial banks except Small Finance Banks, Payments Banks, Regional Rural Banks, and Local Area Banks. The amendment introduces new definitions and regulatory requirements designed to protect consumers from deceptive practices. Key definitions include "dark patterns" (deceptive design practices that mislead users), "compulsory bundling" (making one product conditional on purchasing another), "mis-selling" (selling unsuitable products or without proper consent), and "explicit consent" (specific, informed indication of choice). The RBI also defines Direct Selling Agents (DSAs) and Direct Marketing Agents (DMAs) to establish clearer accountability for third-party sales representatives. The directions establish stringent requirements for customer protection. Banks must develop comprehensive policies covering suitability assessments, feedback mechanisms, and compensation procedures for mis-selling cases. Banks must maintain updated lists of engaged DSAs and DMAs on their websites, ensure all sales personnel possess required qualifications, and implement codes of conduct applicable to employees, agents, and third-party representatives. The amendment prohibits compulsory bundling, requires explicit customer consent for each product or service, and mandates prominent disclosure of key features, fees, and risks. Banks must establish feedback mechanisms within 30 days of sale and provide compensation for losses arising from mis-selling. The directions include an illustrative list of 11 dark patterns, ranging from false urgency and basket sneaking to subscription traps and trick wording, with specific examples relevant to banking services. The directions become effective on January 1, 2027, providing banks six months to implement compliance measures. The RBI exercised its powers under Section 35A of the Banking Regulation Act, 1949, to issue these amendments.

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Reserve Bank of India Issues Second Amendment Directions on Responsible Business Conduct by Commercial Banks

The Reserve Bank of India (RBI) has issued the Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Second Amendment Directions, 2026. The amended directions contain: New definitions for key terms including "compulsory bundling", "dark pattern", "direct selling agent" (DSA), "explicit consent", and "mis-selling". Regulations prescribing the engagement of DSAs and DMAs, stipulating that banks must maintain an up-to-date public list of agents, ensure their regulatory qualifications, and enforce a strict code of conduct for sales and marketing. Specific rules governing the advertising, marketing, and sale of financial products, mandating that banks obtain explicit customer consent—with 'no' as the default choice in user interfaces—and rigorously assess product suitability based on an individual's financial literacy, risk tolerance, and income profile. Provisions outlining advertising and communication standards, requiring clear and factual materials, explicit consent for promotional alerts, an easy unsubscribe process, and restricting routine telephonic marketing contacts to between 09:00 and 19:00 hours. Administrative measures imposing strict prohibitions on mis-selling, compulsory product bundling (unless required as a risk mitigant), and the use of deceptive "dark patterns"—such as false urgency, basket sneaking, and subscription traps—in digital platforms. New requirements for customer feedback and compensation, directing banks to establish mechanisms for post-sale feedback within 30 days and to fully refund and compensate customers if mis-selling is established. The amendments take effect on January 1, 2027.
3248745 pc Jun 17, 2026 arahman Ukraine All News - NBU financial services
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Ukraine's National Bank Applies Enforcement Measures to Three Financial Companies

On June 17, 2026, the National Bank of Ukraine (NBU) applied enforcement measures to three non-bank financial service providers: LLC "FK Business-Partner" (registration number 43310379), LLC "FK Forward Finance" (registration number 38837560), and LLC "FK Mia Group" (registration number 42337630). The NBU imposed fines and written warnings on LLC "FK Business-Partner" and LLC "FK Forward Finance" for submitting inaccurate regulatory reporting to the NBU and failing to maintain adequate and effective internal control systems. LLC "FK Business-Partner" received a fine of 432,350 Ukrainian hryvnia and a written warning for violating reporting requirements under Section I, Point 5 of the Rules for Compilation and Submission of Reports by Non-Bank Financial Service Market Participants, approved by NBU Board Resolution 123 from November 25, 2021. The company must pay the fine within one month of the decision becoming effective and must remedy violations of corporate governance and internal control requirements by July 15, 2026, as outlined in NBU Board Resolution 185 from December 27, 2024. LLC "FK Forward Finance" received a fine of 172,940 Ukrainian hryvnia and a written warning for the same reporting violations. This company must pay its fine within one month and address identified deficiencies by July 7, 2026. LLC "FK Mia Group" received a written warning for identified deficiencies and violations of authorization and financial service provision requirements under NBU Board Resolution 199 from December 29, 2023, and corporate governance requirements under NBU Board Resolution 185 from December 27, 2024. The company must remedy these violations and deficiencies within specified timeframes.

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National Bank of Ukraine Applies Enforcement Measures to Forward Finance for Reporting Failures

On June 17, 2026, the National Bank of Ukraine (NBU) issued a UAH172,940 (approximately €3,325) fine to Forward Finance for violations under Clause 5, Section I of the Rules for the Preparation and Submission of Reports by Participants in the Non-Banking Financial Services Market to the NBU. The fine was issued for submitting regulatory reporting to the NBU containing unreliable data and failure of Forward Finance to ensure the functioning of a comprehensive, adequate and effective internal control system. Forward Finance is obliged to pay the fine within one month from the date of entry into force of the decision and to eliminate the deficiency in its activities specified in the warning by July 7, 2026.
3246228 pc Jun 17, 2026 rghosh Abu Dhabi Central Bank of UAE financial services
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Central Bank of UAE Achieves Financial Innovation Milestone Through Aperta Cross-Border Open Finance Project

On June 17, 2026, the Central Bank of the United Arab Emirates (CBUAE) announced the achievement of a new milestone in financial innovation through "Aperta," a secure cross-border open finance project. Aperta represents a significant development in the CBUAE's efforts to advance financial innovation and cross-border payment capabilities within the UAE and potentially across international markets. The project focuses on establishing secure mechanisms for open finance transactions that enable financial institutions and service providers to exchange data and conduct transactions across borders in a controlled and regulated environment. Open finance frameworks facilitate interoperability between financial institutions, allowing for improved customer experiences, enhanced competition, and more efficient financial services delivery. The initiative demonstrates the CBUAE's commitment to modernising the UAE's financial infrastructure and positioning the country as a hub for financial innovation in the Middle East region. By developing secure cross-border open finance capabilities, the CBUAE aims to support financial institutions in meeting evolving customer demands while maintaining robust regulatory oversight and data security standards. Further details regarding Aperta's implementation timeline, participating institutions, and specific technical specifications are available through the CBUAE's official announcement and supporting documentation.

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Central Bank of UAE Announces the Completion of Project Aperta

On June 17, 2026, the Central Bank of the United Arab Emirates (CBUAE) announced the completion of  Project Aperta, a secure cross-border open finance project launched by the Bank for International Settlements. The project was developed in collaboration with the BIS Innovation Hub Hong Kong Centre, the Hong Kong Monetary Authority, the Central Bank of Brazil, and the Financial Conduct Authority of the United Kingdom, together with the participation of the Global Legal Entity Identifier Foundation, the International Chamber of Commerce Digital Standards Initiative, and the Hong Kong University Standard Chartered Foundation FinTech Academy. The project demonstrated how domestic open finance networks can be connected through a neutral interoperability layer without altering national frameworks.  It also tested two practical use cases across five economies, demonstrating: Cross-border data portability, enabling faster onboarding and reduced manual checks through secure sharing of verified business information. Trade finance lifecycle management, showing how structured digital data can streamline processes from contract issuance to final settlement.
3250393 pc Jun 17, 2026 arahman Sweden Swedish Competition Authority horizon scanning
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Sweden's Competition Authority Consults on Updated Competition Prioritisation Policy

On June 17, 2026, the Swedish Competition Authority (Konkurrensverket) launched a public consultation on its draft updated prioritisation policy. The authority receives a large volume of tips and complaints annually and uses a prioritisation policy to determine which competition matters warrant further investigation. The Swedish Competition Authority's general approach focuses on investigating matters of general interest where its scrutiny can produce clear results, with the aim of promoting effective competition in both private and public sectors for consumer benefit and ensuring efficient public procurement. The updated prioritisation policy clarifies how the authority prioritises among problems brought to its attention and covers competition supervision, competition-promoting measures, public sales activities, and procurement supervision. The policy applies to initial prioritisation and investigation decisions and helps identify the most serious indicators among market signals the authority observes independently. Key changes to the policy include: addition of a new section on competition-promoting measures (a new competition tool); replacement of the section on competition-restricting public sales activities with provisions covering the new Public Sales Act (LOS); introduction of a new section on merger control clarifying factors the authority considers when reviewing non-notifiable concentrations; and reordering, restructuring, and minor reformulations throughout, including updates regarding corruption. The consultation period closes on August 14, 2026. Stakeholders can submit comments to konkurrensverket@kkv.se, with "Synpunkter på prioriteringspolicy, dnr 482/2026" in the subject line. The Swedish Competition Authority intends to adopt the final policy on September 1, 2026. Further enquiries can be directed to Hanna Witt, development chief, at hanna.witt@kkv.se.

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Sweden's Competition Authority Consults on Updated Competition Prioritisation Policy

On June 17, 2026, the Swedish Competition Authority (Konkurrensverket) launched a public consultation on its draft updated prioritisation policy. The authority receives a large volume of tips and complaints annually and uses a prioritisation policy to determine which competition matters warrant further investigation. The Swedish Competition Authority's general approach focuses on investigating matters of general interest where its scrutiny can produce clear results, with the aim of promoting effective competition in both private and public sectors for consumer benefit and ensuring efficient public procurement. The updated prioritisation policy clarifies how the authority prioritises among problems brought to its attention and covers competition supervision, competition-promoting measures, public sales activities and procurement supervision. The policy applies to initial prioritisation and investigation decisions and helps identify the most serious indicators among market signals that the authority observes independently. Key changes to the policy include: Addition of a new section on competition-promoting measures (a new competition tool) Replacement of the section on competition-restricting public sales activities with provisions covering the new Public Sales Act (LOS) Introduction of a new section on merger control clarifying factors the authority considers when reviewing non-notifiable concentrations; and reordering, restructuring and minor reformulations throughout, including updates regarding corruption. Comments and feedback are welcome up until August 14, 2026 and can be sent via email to konkurrensverket@kkv.se .
3249977 pc Jun 17, 2026 arahman Sweden Finansinspektionen financial services
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Sweden's Financial Supervisory Authority Issues Administrative Fine to Ikano Bank for Anti-Money Laundering Violations

On June 17, 2026, the Swedish Financial Supervisory Authority (Finansinspektionen) issued Ikano Bank AB (Ikano) an administrative fine of 140 million Swedish kronor and a remark for violations of anti-money laundering and counter-terrorist financing regulations. Finansinspektionen conducted an investigation into Ikano's compliance with the Anti-Money Laundering and Counter-Terrorist Financing Act (2017:630). The investigation identified multiple breaches. Ikano failed to conduct a separate, comprehensive and realistic assessment of how its products—including loans, deposit accounts, invoice purchases, factoring, and leasing offered to corporate clients—could be misused for terrorist financing. The bank also did not adequately consider risk factors linked to corporate customers or incorporate information from authorities regarding money laundering and terrorist financing risks into its general risk assessment. These deficiencies prevented Ikano from designing a general risk assessment that could serve as a basis for procedures, guidelines and measures to prevent money laundering and terrorist financing. Additionally, Finansinspektionen found that Ikano failed to implement enhanced customer due diligence measures necessary to obtain adequate knowledge about customers associated with high money laundering and terrorist financing risks. Finansinspektionen determined that the violations did not warrant withdrawal of Ikano's banking authorisation or issuance of a warning. The authority issued the remark accompanied by the administrative fine as an adequate intervention. Ikano holds authorisation to conduct banking business under the Banking and Financing Business Act (2004:297). REFERENCES: Finansinspektionen. "Ikano Bank receives a remark and an administrative fine." June 17, 2026. https://www.fi.se/en/published/news/2026/ikano-bank-receives-a-remark-and-an-administrative-fine/

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Sweden's Financial Supervisory Authority Issues Administrative Fine of SEK140m to Ikano Bank for Anti-Money Laundering Violations

On June 17, 2026, the Swedish Financial Supervisory Authority (FSA) issued Ikano Bank AB an administrative fine of SEK140m (approximately €12.7m) and a remark for violations of anti-money laundering and counter-terrorist financing regulations. The FSA conducted an investigation into Ikano's compliance with the Anti-Money Laundering and Counter-Terrorist Financing Act (2017:630). The investigation identified multiple breaches. Ikano failed to conduct a separate, comprehensive and realistic assessment of how its products, including loans, deposit accounts, invoice purchases, factoring and leasing offered to corporate clients, could be misused for terrorist financing. The bank also did not adequately consider risk factors linked to corporate customers or incorporate information from authorities regarding money laundering and terrorist financing risks into its general risk assessment. These deficiencies prevented Ikano from designing a general risk assessment that could serve as a basis for procedures, guidelines and measures to prevent money laundering and terrorist financing. Additionally, the FSA found that Ikano failed to implement enhanced customer due diligence measures necessary to obtain adequate knowledge about customers associated with high money laundering and terrorist financing risks. The FSA determined that the violations did not warrant withdrawal of Ikano's banking authorisation or issuance of a warning. The authority issued the remark accompanied by the administrative fine as an adequate intervention.
3245150 pc Jun 17, 2026 tojuri Greece Consultations - Open Government horizon scanning
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Greece's Ministry of Development Opens Public Consultation on Consumer Protection Legislative Proposal

On June 15, 2026, Greece's Open Government portal published a public electronic consultation on a draft law from the Ministry of Development titled "Strengthening Consumer Protection in Credit Contracts, Financial Services, and Distance, Off-Premises and Electronic Contracts." The draft law aims to transpose four European Union directives into Greek legislation: Directive (EU) 2023/2225, Directive (EU) 2023/2673, Directive (EU) 2024/825, and Directive (EU) 2024/1799. These directives establish enhanced consumer protection standards across multiple financial services sectors. The legislative proposal addresses consumer safeguards in credit contract arrangements, financial services provision, and contracts concluded through distance, off-premises, and electronic channels. The measure seeks to align Greek consumer protection frameworks with current EU regulatory requirements and strengthen protections for consumers engaging in these transactions. The consultation is being conducted through Greece's Open Government platform, which facilitates public participation in legislative development processes. The National Centre for Public Administration and Local Government (Εθνικό Κέντρο Δημόσιας Διοίκησης και Αυτοδιοίκησης) manages the consultation portal on behalf of the Ministry of Interior. Stakeholders, including financial services providers, consumer organisations, and members of the public, are invited to submit comments and feedback on the draft legislation through the Open Government consultation portal. The consultation enables public input into the transposition of EU consumer protection directives before the draft law proceeds to parliamentary consideration. REFERENCES: Open Government Portal - Greece: https://www.opengov.gr/

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Greek Government Launches Public Consultation on Consumer Protection Legislative Proposal

On June 15, 2026, Greece's Ministry of Development launched a public consultation on a draft law on "Strengthening Consumer Protection in Credit Contracts, Financial Services, and Distance, Off-Premises and Electronic Contracts". The draft law aims to transpose four European Union directives into Greek law, including Directive (EU) 2023/2225 on credit agreements for consumers and Directive (EU) 2023/2673 on financial services contracts concluded at a distance. These directives establish enhanced consumer protection standards across multiple financial services sectors. The legislative proposal addresses consumer safeguards in credit contract arrangements, financial services provision and contracts concluded through distance, off-premises and electronic channels. The measure seeks to align Greek consumer protection frameworks with current EU regulatory requirements and strengthen protections for consumers engaging in these transactions. Stakeholders, including financial services providers, consumer organisations and members of the public, are invited to submit comments and feedback on the draft legislation through the consultation portal by June 29, 2026.
3243827 pc Jun 17, 2026 adavies Norway Bits AS horizon scanning
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Norway's Bits AS Strengthens Amount Controls in NICS for Interbank Payment Specifications

On June 16, 2026, Bits AS, Norway's interbank standards body, issued Circular 2026 No. 8 implementing enhanced amount controls in the Norwegian Interbank Clearing System (NICS) for transactions containing customer identification numbers (KID) in payment subspecifications. The strengthened controls address quality and robustness concerns in the payment value chain following incident events in summer and autumn 2025. During these incidents, a sending bank transmitted payments with missing or incomplete subspecifications to NICS via its bank data centre, creating significant reconciliation problems for payment recipients. While NICS correctly rejected multi-subspecification payment orders with amount discrepancies under existing rules, single subspecification (KID) payment orders with discrepancies were not rejected. This inconsistency resulted in substantial additional work for receiving banks and end customers, including manual reconciliation and retrieval of missing payment information. Previously, NICS did not control the relationship between transmitted amounts and payment specifications except where multiple structured subspecifications containing KID were present. The new requirement extends amount controls to all transactions containing KID in subspecifications, regardless of the number of subspecifications. This change modifies only NICS reception controls; banks' data centres require no system changes and interbank file submission procedures remain unchanged. However, Bits emphasises that banks must independently implement equivalent amount controls for all payment orders received and transmitted through the interbank process via NICS. The updated NIBE message handbook documentation (Part 1, Chapter 2.3.9.1) reflects this change. Implementation in NICS production is scheduled for the third quarter of 2026. MPSI will notify banks of testing availability in the customer test environment prior to production implementation. Queries should be directed to Morten Krøgenes at morten.krogenes@bits.no or Kristin Ringstad at kristin.ringstad@mastercard.com.

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Norway's Bits AS Strengthens Amount Controls in NICS for Interbank Payment Specifications

On June 16, 2026, Bits AS, Norway's interbank standards body, issued Circular 2026 No. 8 implementing enhanced amount controls in the Norwegian Interbank Clearing System (NICS) for transactions containing customer identification numbers (KID) in payment subspecifications. The strengthened controls address quality and robustness concerns in the payment value chain following incident events in summer and autumn 2025. During these incidents, a sending bank transmitted payments with missing or incomplete subspecifications to NICS via its bank data centre, creating significant reconciliation problems for payment recipients. While NICS correctly rejected multi-subspecification payment orders with amount discrepancies under existing rules, single subspecification (KID) payment orders with discrepancies were not rejected. This inconsistency resulted in substantial additional work for receiving banks and end customers, including manual reconciliation and retrieval of missing payment information. Previously, NICS did not control the relationship between transmitted amounts and payment specifications except where multiple structured subspecifications containing KID were present. The new requirement extends amount controls to all transactions containing KID in subspecifications, regardless of the number of subspecifications. The changes are scheduled to go live in Q3, 2026.
3245063 pc Jun 17, 2026 tojuri Luxembourg News and Media - Commission de Surveillance du Secteur Financier financial services
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Luxembourg Financial Services Regulator Clarifies De-Risking Practices and Money Laundering Risk Management Expectations

On June 16, 2026, the Commission de Surveillance du Secteur Financier (CSSF), Luxembourg's financial services regulator, published a communiqué addressing de-risking practices and money laundering and terrorist financing (ML/FT) risk management. The CSSF issued the guidance following reports from individuals and legal entities experiencing difficulties opening bank accounts in Luxembourg, which some credit institutions attributed to burdensome ML/FT prevention requirements. The CSSF clarified that it expects supervised entities to manage—not avoid—ML/FT risks through effective internal frameworks for risk identification and mitigation. The regulator emphasised that higher-risk business relationships are not prohibited and that supervised entities cannot generally ban entire categories of clients, products, or services unless expressly mandated by applicable laws, including the Law of November 12, 2004 on combating money laundering and terrorist financing and CSSF Regulation No 12-02. The CSSF stressed that financial inclusion and sound ML/FT risk management are compatible objectives and should be pursued proportionately, consistent with guidance from the Financial Action Task Force (FATF). The regulator noted that professionals may apply simplified due diligence to low-risk populations rather than rigid identification requirements. The CSSF distinguished between CSSF-imposed de-risking—implemented only when ML/FT risks become unmanageable—and strategic business decisions to exit unprofitable customer segments. The regulator does not intervene in institutional business models or individual onboarding decisions. The CSSF also emphasised that clients must cooperate by providing adequate documentation and information on fund origins. The European Banking Authority (EBA) and EU Anti-Money Laundering Authority (AMLA) are mandated to issue joint guidelines by July 2027 addressing de-risking measures and compliance requirements under Regulation (EU) 2024/1624.

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Luxembourg’s Commission de Surveillance du Secteur Financier Clarifies De-Risking Practices and Money Laundering Risk Management Expectations

On June 16, 2026, Luxembourg’s Commission de Surveillance du Secteur Financier (CSSF) published a notice addressing de-risking practices and money laundering and terrorist financing (ML/FT) risk management. The CSSF issued the notice following reports from individuals and legal entities experiencing difficulties opening bank accounts in Luxembourg, which some credit institutions attributed to burdensome ML/FT prevention requirements. The CSSF clarified that it expects supervised entities to manage, rather than avoid, ML/FT risks through effective internal frameworks for risk identification and mitigation. The regulator emphasised that higher-risk business relationships are not prohibited and that supervised entities cannot generally ban entire categories of clients, products or services unless expressly mandated by applicable laws, including the Law of November 12, 2004 on combating money laundering and terrorist financing and CSSF Regulation No 12-02 of December 2012 . The CSSF stressed that financial inclusion and sound ML/FT risk management are compatible objectives and should be pursued in a proportionate manner, consistent with guidance from the Financial Action Task Force (FATF). The regulator noted that professionals may apply simplified due diligence to low-risk populations rather than rigid identification requirements. The CSSF distinguished between CSSF-imposed de-risking, implemented only when ML/FT risks become unmanageable, and strategic business decisions to exit unprofitable customer segments. The CSSF also emphasised that the identification and mitigation of money laundering and terrorist financing (ML/TF) risks by professionals also requires the active cooperation of potential clients. The CSSF notes that the European Banking Authority and the European Anti-Money Laundering Authority (AMLA) are due to issue joint guidance by July 10, 2027 on the measures that can be taken by credit and financial institutions to ensure compliance with AML/CTF rules, including with regard to business relationships most affected by disengagement practices.
3244952 pc Jun 17, 2026 adavies European Union Official Gazette horizon scanning
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European Union Publishes Delegated Regulation on External Reviewer Standards for Green Bonds

On June 17, 2026, the European Union published Commission Delegated Regulation (EU) 2026/544, which supplements Regulation (EU) 2023/2631 on European Green Bonds. The regulation establishes regulatory technical standards specifying criteria for assessing the appropriateness, adequacy and effectiveness of external reviewers' systems, resources and procedures. The regulation sets comprehensive requirements for external reviewers conducting assessments of green bonds and sustainability-linked bonds. It establishes criteria for evaluating the robustness of information systems, sufficiency of human and technical resources, and effectiveness of internal control mechanisms. External reviewers must implement sound administrative and accounting procedures, maintain adequate records of relevant accounting events, and comply with applicable accounting standards. The regulation requires external reviewers to develop robust assessment frameworks encompassing minimum criteria for assessing information quality and source reliability. It mandates that compliance functions operate independently with appropriate authority, necessary resources and expertise, and access to all relevant information including corporate records, audit reports, whistleblowing reports and customer complaints. The regulation specifies criteria for assessing whether information used in external reviews is of sufficient quality and comes from reliable sources. Information must be complete, relevant, timely and based on reasonable assumptions, with direct connection to bond characteristics. Sources must provide objectively supported information accompanied by supporting documentation and must privilege information subject to disclosure requirements, independent assurance or recognised certifications. The regulation also establishes requirements for third-country external reviewers seeking recognition. Applicants must submit applications to the European Securities and Markets Authority (ESMA) in machine-readable format with unique reference numbers for each document, accompanied by a letter signed by senior management attesting to accuracy and completeness. Personal data relating to applicants shall be retained for no longer than five years after the applicant ceases performing its function or after ESMA refuses recognition. The regulation entered into force on the twentieth day following publication in the Official Journal of the European Union.

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European Commission Publishes Delegated Regulation (EU) 2026/544 on External Reviewer Standards for Green Bonds

On June 17, 2026, the European Commission published Delegated Regulation (EU) 2026/544, which supplements Regulation (EU) 2023/2631 (European Green Bonds Regulation – EGBR) in the Official Journal of the European Union. The regulation establishes regulatory technical standards specifying criteria for assessing the appropriateness, adequacy and effectiveness of external reviewers' systems, resources and procedures. The regulation sets comprehensive requirements for external reviewers conducting assessments of green bonds and sustainability-linked bonds. It establishes criteria for evaluating the robustness of information systems, sufficiency of human and technical resources, and effectiveness of internal control mechanisms. External reviewers must implement sound administrative and accounting procedures, maintain adequate records of relevant accounting events, and comply with applicable accounting standards. Additionally, the regulation requires external reviewers to develop robust assessment frameworks encompassing minimum criteria for assessing information quality and source reliability. It mandates that compliance functions operate independently with appropriate authority, necessary resources and expertise, and access to all relevant information including corporate records, audit reports, whistleblowing reports and customer complaints. The Regulation enters into force on July 7, 2026, 20 days after its publication in the Official Journal of the European Union.
3244953 pc Jun 17, 2026 adavies European Union Official Gazette horizon scanning
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European Union Publishes Implementing Technical Standards for External Reviewer Notification Procedures

On March 12, 2026, the European Commission adopted Commission Implementing Regulation (EU) 2026/543, establishing implementing technical standards for external reviewers notifying the European Securities and Markets Authority (ESMA) of material changes in their registration information under the European Green Bonds Regulation. The regulation requires external reviewers to use standardised forms and templates when notifying ESMA of material changes, with all information submitted in machine-readable format to ensure accessibility and reproducibility. Each document submitted must be assigned a unique reference number and clearly identified as containing required information. External reviewers must specify which requirements of Commission Implementing Regulation (EU) 2025/2179 or Commission Delegated Regulation (EU) 2026/544 the information addresses, and identify the document providing such information. Where a requirement does not apply, external reviewers must indicate this and provide an explanation. Notifications must be accompanied by a letter signed by a member of the external reviewer's senior management, attesting that the submitted information is accurate and complete. The regulation establishes data retention requirements, permitting ESMA to retain personal data relating to notifications for no longer than five years after an external reviewer ceases performing its function. External reviewers must retain personal data for as long as necessary and no longer than five years. The regulation respects fundamental rights and observes principles recognised by the Charter of Fundamental Rights of the European Union, with personal data processing conducted in accordance with Union data protection law. The regulation enters into force on the twentieth day following its publication in the Official Journal of the European Union on June 17, 2026.

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European Commission Publishes Implementing Regulation (EU) 2026/543 on External Reviewer Notification Procedures

On June 17, 2026, the European Commission published Implementing Regulation (EU) 2026/543, establishing implementing technical standards for external reviewers notifying the European Securities and Markets Authority (ESMA) of material changes in their registration information under Regulation (EU) 2023/2631 (European Green Bonds Regulation – EGBR). The EGBR requires external reviewers to use standardised forms and templates when notifying ESMA of material changes, with all information submitted in machine-readable format to ensure accessibility and reproducibility. Each document submitted must be assigned a unique reference number and clearly identified as containing required information. Implementing Regulation (EU) 2026/543 thus provides the procedure for the notification of material changes in the information provided at the registration. The Regulation enters into force on July 7, 2026, 20 days after its publication in the Official Journal of the European Union.
3245058 pc Jun 17, 2026 arahman Russia Bank of Russia financial services
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Bank of Russia Publishes Recommendations for Secure Artificial Intelligence Use in Financial Services

On June 16, 2026, the Bank of Russia published methodological recommendations to help financial organisations ensure information security when using artificial intelligence (AI) technologies. This represents the first regulatory document from the Bank of Russia that systematises the risks of AI application, describes possible attack tactics that malicious actors may employ against AI systems, and provides recommendations for protective measures. The recommendations address critical security concerns for financial institutions deploying AI in high-risk processes. For operations involving significant information security risks—particularly payment transactions—the Bank of Russia recommends that a staff member confirm the operation. The Bank of Russia also advises market participants to develop their own threat models and information security policies specifically for AI implementation. Responsibility for preparing these internal documents rests with the deputy head of the organisation responsible for information protection. The recommendations include a dedicated section on information security when using AI services provided by external service providers. The Bank of Russia notes that AI models participating in vulnerability detection programmes enhance confidence in those systems. The guidance systematically addresses various threat vectors and establishes baseline security standards for financial sector AI deployment. Financial institutions should review the recommendations and assess their current AI implementations against the guidance provided. Organisations using AI in critical processes should prioritise implementing human confirmation protocols for high-risk transactions and establish comprehensive internal security frameworks aligned with the Bank of Russia's recommendations. REFERENCES: Bank of Russia. "Bank of Russia Provides Recommendations for Safe Use of Artificial Intelligence in the Financial Sector." June 16, 2026. Available at: www.cbr.ru

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Central Bank of Russia Publishes Recommendations for Secure Artificial Intelligence Use in Financial Services

On June 16, 2026, the Central Bank of Russia (CBR) published methodological recommendations to help financial organisations ensure information security when using artificial intelligence (AI) technologies. This represents the first regulatory document from the CBR that systematises the risks of AI application, describes possible attack tactics that malicious actors may employ against AI systems and provides recommendations for protective measures. Financial organisations are recommended to consider the following AI risks related to breaches of information security and operational reliability: Risks related to data management arising from the use of corrupt, outdated or incorrect datasets for training AI models, leading to AI system malfunction. Risks of confidentiality breaches. Risks of disruption to the AI model's functioning due to the materialisation of security threats to AI technologies, leading to a decline in AI system quality, including AI hallucinations, data drift and other forms of AI model degradation. Risks of insufficient explainability or predictability of the AI model's actions. These recommendations are not legally binding and act as guidance for participants in the financial sector.
3244535 pc Jun 16, 2026 pdonofrio US Track 2 Newsroom - Office of the Comptroller of the Currency (OCC) financial services
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Office of the Comptroller of the Currency Reissues Minority Depository Institutions Policy Statement

On June 16, 2026, the Office of the Comptroller of the Currency (OCC) reissued its policy statement on minority depository institutions (MDI) in the Federal Register. The update aligns the agency's MDI definition more closely with the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) and implements Executive Order 14219, "Ensuring Lawful Governance and Implementing the President's 'Department of Government Efficiency' Deregulatory Initiative." The revised MDI definition now bases the designation more directly on the statutory definition under FIRREA, which defines an MDI based on ownership by socially and economically disadvantaged individuals. The previous policy statement did not specify which groups of individuals are presumed to be socially and economically disadvantaged. The updated statement also describes how the OCC will maintain designations for current MDIs. Previously, the OCC could continue to designate a bank as an MDI at its discretion even when the bank no longer met the statutory definition. The revised approach improves consistency with FIRREA while minimizing disruption to existing MDIs. The OCC removed references to specific OCC structures and resources from the previous version that had become obsolete or vulnerable to obsolescence. The agency replaced these with general directions intended to have greater longevity and reduce future confusion. The update includes conforming edits throughout the document. The reissued policy statement applies to all OCC-supervised institutions, including national banks, Federal savings associations, and Federal branches and agencies. Institutions with questions about OCC resources and programs should contact their supervisory field office. The OCC's Chief Counsel's Office is available at (202) 649-5490 for further inquiries.

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US Office of the Comptroller of the Currency Reissues Minority Depository Institutions Policy Statement

On June 16, 2026, the US Office of the Comptroller of the Currency (OCC) reissued its policy statement on minority depository institutions (MDIs). The updated statement aims to align the OCC's MDI definition more closely with the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA), as well as implement Executive Order 14219 . The revised MDI definition now bases the designation more directly on the statutory definition under FIRREA, which defines an MDI based on ownership by socially and economically disadvantaged individuals. The updated statement also describes how the OCC will maintain designations for current MDIs. Previously, the OCC could continue to designate a bank as an MDI at its discretion even when the bank no longer met the statutory definition. The revised approach improves consistency with FIRREA while minimizing disruption to existing MDIs.
3244479 pc Jun 16, 2026 pdonofrio US Track 3 Press Releases - Commodity Futures Trading Commission (CFTC) financial services
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Commodity Futures Trading Commission Issues Request for Information on Fintech Innovation and Competition

On June 16, 2026, the Commodity Futures Trading Commission (CFTC) issued a Request for Information to identify regulatory barriers affecting fintech firms seeking to partner with federally regulated institutions and to streamline application processes for eligible fintech companies. The CFTC is seeking information on regulations, guidance documents, orders, no-action letters, and other regulatory items that unduly impede fintech firms from entering partnerships with federally regulated institutions. The commission is also identifying which regulatory items could be amended to streamline application processes for eligible fintech firms and facilitate innovation and competition in the financial technology sector. This initiative supports the CFTC's compliance obligations under Executive Order 14405, which focuses on promoting innovation and competition across financial services. The request recognises that regulatory barriers may prevent fintech firms from effectively collaborating with established financial institutions, potentially limiting market innovation and competitive opportunities. By gathering stakeholder input on specific regulatory impediments and potential reforms, the CFTC aims to modernise its regulatory framework to better accommodate fintech business models while maintaining appropriate oversight and consumer protection standards. The comment period will remain open for 21 days following publication in the Federal Register. Stakeholders, including fintech firms, financial institutions, industry associations, and other interested parties, may submit comments electronically through Regulations.gov or through alternative methods detailed in the request. All comments received will be published on Regulations.gov for public review. This consultation represents a significant opportunity for the fintech industry to provide direct input on regulatory modernisation efforts.

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US Commodity Futures Trading Commission Issues Request for Information on Fintech Innovation and Competition

On June 16, 2026, the US Commodity Futures Trading Commission (CFTC) issued a request for information (RFI) to identify regulatory barriers affecting fintech firms seeking to partner with federally regulated institutions, and to streamline application processes for eligible fintech companies. Specifically, the CFTC is seeking information on regulations, guidance, orders, no-action letters and other regulatory items that unduly impede fintech firms from entering partnerships with federally regulated institutions. The CFTC is also identifying which regulatory items could be amended to streamline application processes for eligible fintech firms and facilitate innovation and competition in the financial sector. The RFI supports the CFTC's compliance obligations under Executive Order 14405 , which focuses on promoting innovation and competition across financial services. By gathering stakeholder input on specific regulatory impediments and potential reforms, the CFTC aims to modernize its regulatory framework to better accommodate fintech business models while maintaining appropriate oversight and consumer protection standards. Interested parties may submit comments on the RFI until July 7, 2026 at this link .
3241439 pc Jun 16, 2026 kgurnani Australia Australian Prudential Regulatory Authority financial services
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Australian Prudential Regulatory Authority Commences Final Phase of Governance Requirements Review

On June 16, 2026, the Australian Prudential Regulatory Authority (APRA) commenced the final phase of its governance review by publishing updated requirements designed to strengthen governance across banking, superannuation, and insurance. APRA began consulting on proposals to modernise its governance requirements in March 2025 and refined some proposals in October 2025. The authority has now published a response to industry feedback alongside an updated draft of Prudential Standard CPS 510 Governance for further consultation. The new CPS 510 reflects contemporary best practice and addresses existing areas of poor practice through several key changes. APRA will strengthen requirements for board governance, conflicts management, and the fitness and propriety of directors and executives. The authority will remove duplicative fit and proper reporting now that Financial Accountability Regime reporting is in place, eliminating forms previously required for approximately 6,000 individuals. APRA will improve flexibility by enabling boards to delegate APRA's board requirements in other prudential standards and by aligning governance requirements with other codes and regimes where appropriate. The standard will harmonise requirements by combining five existing prudential standards into one and setting consistent governance minimums for all APRA-regulated entities. APRA Chair John Lonsdale said the new requirements will raise expectations for boards and senior leaders while freeing them to focus on matters most essential to financial and operational resilience. The changes aim to ensure regulated entities have leaders capable of responding decisively to financial stress and operational disruptions during periods of rising economic and geopolitical uncertainty. APRA will consult on the draft CPS 510, the proposed removal of routine fit and proper reporting, and related definitional changes in Prudential Standard CPS 001 Defined terms until August 31, 2026. Feedback from consultation and stakeholder meetings will inform the final standard and related guidance, planned for release in late 2026. APRA expects the new requirements to take effect from early 2028.

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Australian Prudential Regulatory Authority Commences Final Phase of Governance Requirements Review

On June 16, 2026, the Australian Prudential Regulatory Authority (APRA) commenced the final phase of its governance review by publishing updated requirements designed to strengthen governance across banking, superannuation, and insurance. APRA began consulting on proposals to modernise its governance requirements in March 2025 and refined some proposals in October 2025. The authority has now published a response to industry feedback alongside an updated draft of Prudential Standard CPS 510 Governance for further consultation. They key proposed changes include: Stronger board governance requirements: APRA proposes more explicit expectations for boards to: Demonstrate effective oversight of the institution's strategy, risk profile and long-term resilience. Maintain appropriate skills, experience and diversity across directors. Regularly assess board performance and effectiveness. Ensure directors have sufficient capacity to discharge their responsibilities. Enhanced board skills and succession planning: Boards would be required to: Maintain documented succession and renewal plans. Identify and address skills gaps. Regularly evaluate whether board composition remains appropriate for the institution's risk profile and strategic direction. Increased focus on organisational culture: A significant feature of the draft is a greater emphasis on: Risk culture. Conduct and behavioural expectations. Board oversight of culture-related risks. Ensuring remuneration and incentives support prudent risk-taking. Strengthened conflict-of-interest management: The draft introduces more detailed expectations regarding: Director independence. Management of actual, perceived and potential conflicts. Governance arrangements for complex group structures. Clearer accountability for senior executives: Boards would need stronger oversight of: Senior executive appointments. Performance assessment. Succession planning. Accountability mechanisms for key executives. Greater emphasis on group governance: For entities operating within broader corporate groups, APRA proposes clearer requirements around: Group-wide governance frameworks. Responsibilities of the parent board. Oversight of material risks arising from non-regulated subsidiaries and affiliates. Companies can send feedback by August 28. 2026. APRA expects the new requirements to take effect from early 2028.
3241558 pc Jun 16, 2026 kgurnani Australia Australian Securities and Investments Comission horizon scanning
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Australia's Securities and Investments Commission and Prudential Regulation Authority Streamline Financial Accountability Regime

On June 26, 2026, the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) announced changes to the Financial Accountability Regime (FAR) to reduce regulatory burden while maintaining accountability standards. The regulators will remove key functions requirements from FAR regulator rules, raise the materiality threshold for notifying ASIC and APRA of changes in accountability, and eliminate requirements for information on accountable persons' direct reports in accountability maps. ASIC and APRA estimate the changes will reduce reporting across all accountable entities and approximately 4,500 impacted accountable people. The accountability map updates will be reduced by at least half. ASIC will streamline responsible manager Australian financial services licensing requirements for FAR entities by reducing requirements to submit evidence of competence from October 2026, benefiting approximately 2,000 current Australian financial services licensees. APRA will commence consultation on removing all reporting requirements under its fit and proper regime. APRA Member Therese McCarthy Hockey said the reforms maintain proportionality and allow entities to focus on their operations. ASIC Commissioner Kate O'Rourke noted the reforms align with ASIC's multi-year regulatory simplification program, reducing burden while maintaining consumer protections. The measures form part of the Government's Better Regulation reforms announced in the 2026-27 Budget, which propose that entities provide accountability statements and maps on request rather than upfront and have more time to register accountable persons. ASIC and APRA will consult on the changes and aim to implement them by the end of 2026. These reforms also contribute to the Council of Financial Regulators' broader package of actions designed to reduce regulatory burden and improve how regulators collect, share and use data.

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Australia's Securities and Investments Commission and Prudential Regulation Authority Streamline Financial Accountability Regime

On June 16, 2026, the Australian Securities and Investments Commission (ASIC) and the Australian Prudential Regulation Authority (APRA) announced changes to the Financial Accountability Regime (FAR) to reduce regulatory burden while maintaining accountability standards. The regulators will remove key functions requirements from FAR regulator rules, raise the materiality threshold for notifying ASIC and APRA of changes in accountability, and eliminate requirements for information on accountable persons' direct reports in accountability maps. ASIC and APRA estimate the changes will reduce reporting across all accountable entities and approximately 4,500 impacted accountable people. The accountability map updates will be reduced by at least half. ASIC will streamline responsible manager Australian financial services licensing requirements for FAR entities by reducing requirements to submit evidence of competence from October 2026, benefiting approximately 2,000 current Australian financial services licensees. APRA will commence consultation on removing all reporting requirements under its fit and proper regime. The measures form part of the Government's Better Regulation reforms announced in the 2026-27 Budget, which propose that entities provide accountability statements and maps on request rather than upfront and have more time to register accountable persons. ASIC and APRA will consult on the changes and aim to implement them by the end of 2026. These reforms also contribute to the Council of Financial Regulators' broader package of actions designed to reduce regulatory burden and improve how regulators collect, share and use data.
3242813 pc Jun 16, 2026 pthandapani India Reserve Bank of India financial services
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India's Reserve Bank Issues Second Amendment Directions on Non-Banking Financial Company Responsible Business Conduct

On June 15, 2026, the Reserve Bank of India (RBI) issued the Reserve Bank of India (Non-Banking Financial Companies – Responsible Business Conduct) Second Amendment Directions, 2026, introducing comprehensive instructions on advertising, marketing and sale of financial products and services by non-banking financial companies (NBFCs). The directions apply to most NBFCs, excluding Core Investment Companies, NBFC-Account Aggregators, Non-Operative Financial Holding Companies, and NBFCs without customer interfaces. The amendment establishes new requirements for responsible business conduct across several areas. NBFCs must now implement policies governing advertising, marketing and product sales that address suitability and appropriateness criteria, feedback mechanisms, and customer compensation for mis-selling. The directions define mis-selling to include unsuitable products, incomplete or misleading information, sales without explicit consent, and compulsory bundling of products. NBFCs engaging Direct Selling Agents (DSAs) or Direct Marketing Agents (DMAs) must maintain updated lists of these representatives on their websites and ensure they possess required qualifications. The directions prohibit dark patterns—deceptive design practices that manipulate user interfaces—and require NBFCs to comply with guidelines issued by the Central Consumer Protection Authority (CCPA). Key conduct requirements include obtaining explicit customer consent before selling products, prominently disclosing key features and risks, restricting marketing calls to 9:00 am to 7:00 pm, and establishing feedback mechanisms within 30 days of sale. The directions also establish complaint procedures for mis-selling, requiring NBFCs to refund amounts and compensate customers for losses when mis-selling is established. NBFCs must ensure all documents are available in regional languages or languages understood by customers. The Second Amendment Directions take effect on January 1, 2027. The RBI simultaneously issued a related amendment to the Reserve Bank of India (Non-Banking Financial Companies – Undertaking of Financial Services) Second Amendment Directions, 2026.

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Reserve Bank of India Issues Second Amendment Directions on Non-Banking Financial Company Responsible Business Conduct

The Reserve Bank of India (RBI) has issued the Reserve Bank of India (Non-Banking Financial Companies – Responsible Business Conduct) Second Amendment Directions, 2026. The amended directions contain: New definitions for key terms including "compulsory bundling", "dark pattern", "direct selling agent (DSA)", "explicit consent", and "mis-selling". Regulations prescribing the ethical conduct of Recovery Agents, requiring proper training in sensitivity, privacy, and the accurate communication of product terms and conditions. Specific rules governing the advertising, marketing, and sale of financial products, mandating that NBFCs obtain explicit customer consent and rigorously assess product suitability based on an individual's financial literacy, risk tolerance, and income profile. Provisions outlining the engagement of DSAs and DMAs, stipulating that NBFCs must maintain an up-to-date public list of agents, ensure their regulatory qualifications, and enforce a strict Code of Conduct. Administrative measures imposing strict prohibitions on mis-selling, compulsory product bundling, and the use of deceptive "dark patterns"—such as false urgency, basket sneaking, and subscription traps—in digital user interfaces. New requirements for customer feedback and compensation, directing NBFCs to establish mechanisms for post-sale feedback within 30 days and to fully refund and compensate customers if mis-selling is proven. The amendments take effect on January 1, 2027.
3243734 pc Jun 16, 2026 csoo United Kingdom Competition and Markets Authority horizon scanning
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United Kingdom HM Revenue and Customs Opens Consultation on International Controlled Transactions Schedule

On June 16, 2026, HM Revenue and Customs (HMRC) launched a technical consultation on the International Controlled Transactions Schedule (ICTS), a new reporting requirement for in-scope multinationals to disclose information about cross-border related party transactions to HMRC. The ICTS will enable HMRC to conduct automated, data-led risk assessment of transfer pricing arrangements, allowing the authority to identify transfer pricing risk more accurately, improve fairness in tax administration, and increase operational efficiency. The consultation seeks views on three key documents: draft regulations establishing the ICTS reporting requirement, a draft HMRC notice providing guidance on the schedule's application, and a draft template illustrating the format and information that multinationals must file annually. The ICTS will apply to multinational enterprises engaged in cross-border related party transactions within scope of the requirement. The reporting framework is designed to streamline HMRC's ability to assess transfer pricing compliance and identify potential risks through systematic data collection and analysis. By standardising the information multinationals provide about their international controlled transactions, the schedule will facilitate more consistent and efficient risk identification across HMRC's transfer pricing compliance function. The consultation materials are available in multiple formats, including accessible versions for users of assistive technology. Responses to the consultation must be submitted to tp_scope_and_documentation@hmrc.gov.uk by July 31, 2026, at 11:59pm. HMRC will review feedback received during the consultation period before finalising the ICTS regulations and guidance.

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UK's HM Revenue and Customs Consults on International Controlled Transactions Schedule

On June 16, 2026, HM Revenue and Customs (HMRC) launched a technical consultation on the International Controlled Transactions Schedule (ICTS), a new reporting requirement for in-scope multinationals to disclose information about cross-border related party transactions to HMRC. This measure is intended to: improve fairness: ensuring multinational enterprises pay tax on profits generated from economic activity in the UK increase efficiency: meaning that HMRC compliance activity can be more effectively targeted, benefiting compliant taxpayers This consultation invites views on the following proposals: Reporting requirements in relation to specified international controlled transactions. Penalties, appeals and enforcement. Draft HMRC notice. Draft ICTS template. The government expects to lay the statutory instrument by the end of 2026. The consultation closes on July 31, 2026, and should be submitted by email to tp_scope_and_documentation@hmrc.gov.uk .
3242805 pc Jun 16, 2026 pthandapani India Reserve Bank of India financial services
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India's Reserve Bank Amends Payments Banks Financial Services Directions for Agency and Referral Activities

On June 15, 2026, the Reserve Bank of India (RBI) issued the Reserve Bank of India (Payments Banks – Undertaking of Financial Services) Amendment Directions, 2026, amending its 2025 Master Direction governing payments banks' agency business and referral services. The amendment consolidates regulatory instructions on customer service and conduct aspects within the Reserve Bank of India (Payments Banks - Responsible Business Conduct) Directions, 2025. The RBI has clarified and redefined key operational terms for payments banks. "Agency Business" now explicitly means an arrangement where a bank acts as an agent of a third-party product or service provider (TPPSP) without risk participation, covering marketing, sales, promotion, initial contact for grievance redressal, and after-sale services. "Referral Services" is defined as arrangements where banks refer customers to TPPSPs by providing information about financial products or services, without undertaking distribution, grievance redressal, or post-sales services. The amendment introduces definitions for "Regulated Financial Products and Services" (products falling under the regulatory framework of the RBI, Securities and Exchange Board of India (SEBI), Insurance Regulatory and Development Authority of India (IRDAI), Pension Fund Regulatory and Development Authority (PFRDA), or overseas regulators) and "Third-party Product and Service Provider" (TPPSP). Under the revised framework, payments banks may facilitate regulated financial products and services through agency business on a fee basis without risk participation, with explicit upfront disclosure to customers. For referral arrangements, banks must ensure their role remains purely referral in nature, with proper disclaimers and no bank branding on product documents. Banks must conduct due diligence on TPPSPs to manage reputational risks and verify robust customer grievance redressal arrangements. The amendment directions come into effect on January 1, 2027. REFERENCES: Reserve Bank of India. (2026). Reserve Bank of India (Payments Banks – Undertaking of Financial Services) Amendment Directions, 2026. RBI/DoR/2026-27/127. Available at: https://www.rbi.org.in/

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Reserve Bank of India Amends Payments Banks Financial Services Directions for Agency and Referral Activities

The Reserve Bank of India (RBI) has issued the Reserve Bank of India (Payments Banks – Undertaking of Financial Services) Amendment Directions, 2026. The amended directions contain: New definitions for key terms including "Agency Business", "Referral Services", "Regulated financial products and services", and third-party products and service providers. Regulations prescribing the operational boundaries of agency business, requiring payments banks to facilitate third-party sales exclusively on a fee basis, without any risk participation, and with explicit upfront disclosure to customers. Specific rules for referral services, mandating that banks act purely as referrers without integrating third-party processes into their own platforms or featuring their brand on any third-party product documents. Provisions outlining strict due diligence requirements, stipulating that banks must ensure third-party product and service providers maintain robust customer grievance redressal arrangements before engaging in agency or referral services. Administrative amendments consolidating the regulatory instructions on customer service and conduct aspects into the separate Reserve Bank of India (Payments Banks - Responsible Business Conduct) Directions, 2025. The amendments take effect on January 1, 2027.
3242809 pc Jun 16, 2026 pthandapani India Reserve Bank of India financial services
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India's Reserve Bank Amends Commercial Banks' Financial Services Directions to Tighten Agency Business and Referral Frameworks

On June 15, 2026, the Reserve Bank of India (RBI) issued the Reserve Bank of India (Commercial Banks – Undertaking of Financial Services) Third Amendment Directions, 2026, amending its master directions governing how commercial banks undertake financial services activities. The amendment, issued under Section 35A of the Banking Regulation Act, 1949, will come into effect on January 1, 2027. The RBI reviewed extant regulations governing agency business and referral services and introduced a revised regulatory framework to strengthen oversight. Key amendments include clarified definitions of agency business and referral services. Agency business now explicitly covers arrangements where banks or group entities act as agents of third-party product or service providers (TPPSPs) without risk participation, including marketing, sales, promotion, and after-sale services. Referral services are redefined to permit banks to refer customers to TPPSPs only where the bank does not undertake continued customer interactions such as distribution, grievance redressal, or post-sales services. The amendment restricts both agency business and referral arrangements to regulated financial products and services falling under the frameworks of the RBI, Securities and Exchange Board of India (SEBI), Insurance Regulatory and Development Authority of India (IRDAI), Pension Fund Regulatory and Development Authority (PFRDA), and overseas regulatory authorities. Banks must ensure compliance with the Reserve Bank of India (Commercial Banks – Responsible Business Conduct) Directions, 2025. Under agency business, banks must operate on a fee basis without risk participation and must explicitly disclose this to customers. Under referral arrangements, banks must ensure their role remains purely referral in nature, with clear disclaimers to customers, and must publish lists of TPPSPs on their digital channels to ensure transparency. Commercial banks must implement these amended directions by January 1, 2027.

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Reserve Bank of India Amends Commercial Banks' Financial Services Directions

The Reserve Bank of India (RBI) has issued the Reserve Bank of India (Commercial Banks – Undertaking of Financial Services) Third Amendment Directions, 2026. The amended directions contain: New definitions for key terms including "agency business", "referral services", "regulated financial products and services", and third-party products and service providers. Regulations prescribing the operational boundaries of agency business, requiring banks to facilitate third-party sales exclusively on a fee basis, without any risk participation, and with explicit upfront disclosure to customers. Specific rules for referral services, mandating that banks act purely as referrers without integrating third-party processes into their own platforms or featuring their brand on any third-party product documents. Provisions outlining strict due diligence requirements, stipulating that banks must ensure third-party product and service providers maintain robust customer grievance redressal arrangements before engaging in agency or referral services. Administrative amendments consolidating the regulatory instructions on customer service and conduct aspects into the separate Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025. The amendments take effect on january1, 2027.
3242795 pc Jun 16, 2026 pthandapani India Reserve Bank of India financial services
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India's Reserve Bank Issues Master Directions on Payment System Operator Authorisation

On June 15, 2026, the Reserve Bank of India (RBI) issued Master Directions on Authorisation to operate a Payment System under the Payment and Settlement Systems Act, 2007 (PSS Act). The directions consolidate and repeal five previous circulars and guidelines issued between 2015 and 2023, establishing a comprehensive framework for entities seeking to operate payment systems in India. The directions establish eligibility criteria requiring applicants to meet minimum capital requirements in accordance with system-specific guidelines, maintain prescribed net-worth levels, and satisfy the RBI's "fit and proper" criteria. Applicants must demonstrate sound credentials, integrity, and financial soundness, with directors and promoters subject to disqualification rules including convictions for moral turpitude, economic offences, insolvency, or restraining orders from regulatory authorities. Entities must submit applications through the RBI's portal along with statutory auditor certificates evidencing net-worth compliance. The framework introduces restrictions on investments from Financial Action Task Force (FATF) non-compliant jurisdictions. New investors from such jurisdictions cannot acquire more than 20 percent voting power in payment system operators, though existing investors may continue or increase investments to support business continuity. The directions provide perpetual validity for certificates of authorisation to new entities and existing operators meeting compliance conditions, with one-year renewals for non-compliant operators. A one-year cooling period applies to entities whose authorisation is revoked, not renewed, or voluntarily surrendered, preventing reapplication during this period. The directions establish procedures for voluntary surrender of authorisation, requiring entities to extinguish liabilities to customers, merchants, and agents through escrow accounts and public notice processes. Authorisation remains available on an on-tap basis to eligible entities. These directions come into effect immediately upon publication on the RBI website and apply to all entities seeking or holding payment system authorisation under the PSS Act.

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Reserve Bank of India Issues Master Directions on Payment System Operator Authorisation

The Reserve Bank of India (RBI) has issued the Master Directions on Authorisation to operate a Payment System. The master directions contain: New definitions for key terms including "Payment System Operator", "Promoter", and "Promoter Group" to clarify effective control and group relationships. Regulations prescribing eligibility and capital requirements, mandating that entities submit a certificate from a Statutory Auditor to evidence compliance with net-worth requirements. Specific rules governing "fit and proper" criteria, alongside restrictions on new investments from FATF non-compliant jurisdictions to ensure they account for less than 20 percent of the entity's voting power. Provisions outlining the authorization lifecycle, establishing that the Certificate of Authorisation (CoA) is granted on a perpetual basis for compliant entities, and detailing the public notice and liability repayment processes required during a voluntary surrender. Administrative guidelines imposing a one-year cooling period, which prohibits entities from applying to operate a payment system if their initial application was refused or if their CoA was previously revoked or surrendered. The master directions take immediate effect.
3246699 gc Jun 16, 2026 prandeo Sweden Regulator - news gamblingcompliance
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Sweden's Gambling Authority Launches Consultation on Proposed Responsible Gambling Regulations

On June 16, 2026, the Swedish Gambling Authority (Spelinspektionen) launched a consultation on proposed new regulations governing responsible gambling practices. The new regulations will replace the Lottery Inspectorate's Regulations and General Advice (LIFS 2018:2) on responsible gambling, which have been in effect since 2018. Spelinspektionen identified a need to develop updated regulations to strengthen responsible gambling frameworks in Sweden. The proposed regulations represent a comprehensive revision of the existing responsible gambling requirements that currently apply to gambling operators and service providers in the Swedish market. The authority has prepared both the proposed regulations and a detailed impact assessment (konsekvensutredning) to support the consultation process. The consultation invites stakeholders, including gambling operators, industry associations, consumer protection organisations, and other interested parties, to submit comments on the proposed framework. Responses should be submitted in Word format to registrator@spelinspektionen.se, with the reference number 21Si540. The consultation period closes on August 10, 2026. Both the proposed regulations and the accompanying impact assessment are available on the Spelinspektionen website for review. REFERENCES: Swedish Gambling Authority (Spelinspektionen) – Remiss: Förslag på nya föreskrifter om spelansvar https://www.spelinspektionen.se/nyheter/remiss-forslag-pa-nya-foreskrifter-om-spelansvar/

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Swedish gambling authority launches consultation on proposed responsible gambling regulations

On June 16, 2026, the Swedish Gambling Authority (Spelinspektionen) launched a consultation on proposed new regulations governing responsible gambling practices. The new regulations will replace the Lottery Inspectorate's Regulations and General Advice (LIFS 2018:2) on responsible gambling, which have been in effect since 2018. Spelinspektionen identified the need to develop updated regulations to strengthen Sweden's responsible gambling framework. The proposed regulations represent a comprehensive revision of the existing responsible gambling requirements that currently apply to gambling operators and service providers in the Swedish market. The authority has prepared both the proposed regulations and a detailed impact assessment (konsekvensutredning) to support the consultation process. The consultation invites stakeholders, including gambling operators, industry associations, consumer protection organisations, and other interested parties, to submit comments on the proposed framework. The consultation period closes on August 10, 2026.
3243395 gc Jun 16, 2026 prandeo Netherlands News - Dutch Gambling Authority gamblingcompliance
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Netherlands Gambling Authority Imposes Penalty Order for Illegal Promotional Gambling Activity

The Netherlands Gambling Authority (Kansspelautoriteit) has issued a penalty order against a company for illegally organizing promotional gambling activities. The authority received multiple complaints regarding a business that regularly conducted car lotteries, offering customers the chance to win vehicles when they purchased a minimum amount of services or products. Promotional gambling in the Netherlands is permitted under specific conditions. Companies may give away prizes to promote their products or services, but these activities are subject to strict regulatory requirements. Promotional gambling can only occur once per year for each product or service, participation must be free, and the company must publish the terms and conditions for participation on its website. The Kansspelautoriteit engaged with the company's owner to clarify these rules and explain the potential consequences of organizing further lotteries in violation of the regulations. Despite this discussion, the company continued to organize additional drawings, prompting the authority to take enforcement action. The penalty order requires the company to cease all promotional gambling activities immediately. Failure to comply will result in a penalty of €150,000 per violation, with a maximum total penalty of €450,000. The company owner must now demonstrate compliance with Dutch gambling regulations or face significant financial sanctions. This enforcement action underscores the Kansspelautoriteit's commitment to ensuring that promotional gambling activities comply with applicable legal requirements and that consumers are protected from unauthorized gaming schemes.

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Dutch gambling authority imposes penalty order for illegal promotional gambling activity

On June 16, 2026, the Dutch Gambling Authority (KSA) issued a penalty order against a company for illegally organising promotional gambling activities. The authority received multiple complaints regarding a business that regularly conducted car lotteries, offering customers the chance to win vehicles when they purchased a minimum amount of services or products. Promotional gambling in the Netherlands is permitted under specific conditions. Companies may give away prizes to promote their products or services, but these activities are subject to strict regulatory requirements. Promotional gambling can only occur once per year for each product or service, participation must be free, and the company must publish the terms and conditions for participation on its website. The KSA engaged with the company's owner to clarify these rules and explain the potential consequences of organising further lotteries in violation of the regulations. Despite this discussion, the company continued to organise additional drawings, prompting the authority to take enforcement action. The penalty order requires the company to cease all promotional gambling activities immediately. Failure to comply will result in a penalty of €150,000 per violation, with a maximum total penalty of €450,000. The company owner must now demonstrate compliance with Dutch gambling regulations or face significant financial sanctions. This enforcement action underscores the KSA's commitment to ensuring that promotional gambling activities comply with applicable legal requirements and that consumers are protected from unauthorised gaming schemes.
3241787 pc Jun 16, 2026 csoo Italy Ministry of Economy and Finance horizon scanning
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Italy's Ministry of Economy and Finance Establishes Protocol to Reduce Point of Sale Payment Costs

On June 15, 2026, Italy's Ministry of Economy and Finance (MEF) signed a new protocol agreement designed to reduce, clarify, and standardise electronic payment acceptance costs for merchants. The protocol represents a significant development in the government's ongoing effort to promote electronic payment adoption while simultaneously lowering merchant expenses. The agreement, formalised under the permanent working group on electronic transactions established within the Treasury Department, introduces targeted cost reduction measures for different merchant segments. For merchants with annual turnover up to €400,000, the protocol promotes promotional offers to reduce card transaction costs to a maximum of €30. For merchants with turnover between €400,000 and €750,000, specific commercial offers have been established. To enhance transparency and comparability of costs associated with card-based micropayments, payment service providers and payment scheme operators must present their offerings using standardised, uniform, and comparable formats. These standard models will be published online on the National Council for Economics and Labour (CNEL) website. The protocol was signed by the most representative trade associations of payment service providers, payment scheme operators, and merchants. It remains open for accession by additional trade associations and individual operators not affiliated with trade associations. This agreement continues the government's commitment initiated in July 2023 to streamline electronic payment infrastructure and reduce barriers to adoption among Italian merchants. The standardised cost presentation requirement aims to enable merchants to compare offerings more effectively and make informed decisions regarding payment service providers. REFERENCE: Ministry of Economy and Finance press release, June 15, 2026: https://www.mef.gov.it/

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Italy's Ministry of Economy and Finance Signs Memorandum of Understanding to Reduce Electronic Payment Cost and Increase Transparency for Merchants

On June 15, 2026, Italy's Ministry of Economy and Finance (MEF) signed a new protocol agreement designed to reduce, clarify, and standardise electronic payment acceptance costs for merchants. The protocol represents a significant development in the government's ongoing effort to promote electronic payment adoption while simultaneously lowering merchant expenses. The agreement, formalised under the permanent working group on electronic transactions established within the Treasury Department, introduces targeted cost reduction measures for different merchant segments. The Protocol sets out the following: Promotes the adoption of promotional offers for merchants with a turnover of up to €400,000 to reduce the impact of card transaction costs by up to €30, and the adoption of specific commercial offers dedicated to merchants with a turnover of more than €400,000 and up to at least €750,000. To clarify and compare the fees charged to merchants for accepting micro-card payments, under the new Protocol, operators will be required to display the costs of their offers in a uniform, clear, and comparable format. To do so, they will use standard templates that will be published online on the National Council for Economics and Labour (CNEL) website. The protocol was signed by the most representative trade associations of payment service providers, payment scheme operators, and merchants. It remains open for accession by additional trade associations and individual operators not affiliated with trade associations.
3241661 pc Jun 16, 2026 kgurnani Australia Federal Register of Legislation horizon scanning
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Australia's Department of Finance Establishes Digital Identity Redress Framework Rules

On June 15, 2026, Australia's Department of Finance brought into force the Digital ID Amendment (Redress Framework) Rules 2026, establishing a formal redress mechanism for the Digital ID Act 2024 (DIA 2024). The rules create a structured framework for individuals to seek remedies and resolution when experiencing issues with Australia's digital identity system. This amendment addresses a critical gap in the DIA 2024 by establishing procedures for complaints, dispute resolution, and corrective action. The redress framework applies to digital identity service providers and related entities operating under the DIA 2024, ensuring accountability and consumer protection within the digital identity ecosystem. The framework establishes clear pathways for users to lodge complaints, seek review of decisions, and obtain remedies for breaches or failures in service delivery. This development is significant as it provides essential safeguards for individuals using digital identity services, addressing concerns about data security, privacy, and service quality. The rules outline the responsibilities of service providers in responding to complaints, timeframes for resolution, and escalation procedures where initial complaints cannot be resolved. By formalising these processes, the amendment strengthens the regulatory environment surrounding digital identity in Australia and enhances user confidence in the system. The Digital ID Amendment (Redress Framework) Rules 2026 came into effect on June 15, 2026. Organisations administering digital identity services must ensure compliance with the new redress requirements. The legislative instrument and accompanying explanatory statement are available on the Federal Register of Legislation. **Reference:** Federal Register of Legislation, Digital ID Amendment (Redress Framework) Rules 2026, https://www.legislation.gov.au/

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Australia's Department of Finance Establishes Digital Identity Redress Framework Rules

On June 15, 2026, Australia's Department of Finance brought into force the Digital ID Amendment (Redress Framework) Rules 2026, establishing a formal redress mechanism for the Digital ID Act 2024 (DIA 2024) . The rules amend the existing Digital ID Rules to strengthen the redress framework for individuals affected by digital ID fraud incidents and cybersecurity incidents within the Australian Government Digital ID System (AGDIS). The key changes made in these rules are: Financial compensation recommendations: The System Administrator can now recommend that accredited Identity Service Providers (ISPs) and Attribute Service Providers (ASPs) provide financial compensation (financial redress) to individuals who suffer loss or harm because of: a digital ID fraud incident; or a cybersecurity incident affecting accredited Digital ID services. Stronger notification obligations: Accredited entities must take stronger measures when determining whether affected individuals should be notified of a fraud or cybersecurity incident. The amendments increase expectations around timely and appropriate communications with impacted users. Apologies and explanations: The System Administrator can direct accredited providers to provide an explanation of what occurred, and/or issue an apology to affected individuals. The rules clarify that providing an apology does not necessarily amount to an admission of legal liability. Increased oversight and accountability: The amendments strengthen the government's oversight of how accredited Digital ID providers handle incidents and support affected individuals, ensuring a more robust consumer redress process. The Digital ID Amendment (Redress Framework) Rules 2026 come into effect on September 30, 2026.
3241660 gc Jun 16, 2026 kgurnani Australia Federal Register of Legislation horizon scanning
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Australia's Department of Finance Establishes Digital Identity Redress Framework Through Amendment Rules

On June 15, 2026, Australia's Department of Finance brought into force the Digital ID Amendment (Redress Framework) Rules 2026 (F2026L00696), which amends the Digital ID Rules 2024 under the authority of the Digital ID Act 2024. The amendment rules establish a redress framework for Australia's digital identity system. This framework creates mechanisms through which individuals can seek remedies and resolution for issues arising from the use and administration of digital identity services. The redress framework represents a key component of Australia's broader digital identity infrastructure, ensuring accountability and providing pathways for users to address grievances related to their digital identity records and interactions. The rules came into force on June 15, 2026, and are administered by the Department of Finance. The amendment modifies Schedule 1 of the Digital ID Rules 2024 to incorporate the new redress provisions. This development reflects Australia's commitment to establishing robust consumer protections within its digital identity ecosystem, ensuring that individuals have clear avenues to challenge decisions or seek compensation where digital identity services cause harm or operate outside established parameters. The full legislative text and explanatory statement are available on the Federal Register of Legislation.

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Australia's Department of Finance Establishes Digital Identity Redress Framework Through Amendment Rules

On June 15, 2026, Australia's Department of Finance brought into force the Digital ID Amendment (Redress Framework) Rules 2026 (F2026L00696), which amends the Digital ID Rules 2024 under the authority of the Digital ID Act 2024. The amendment rules establish a redress framework for Australia's digital identity system. This framework creates mechanisms through which individuals can seek remedies and resolution for issues arising from the use and administration of digital identity services. The redress framework represents a key component of Australia's broader digital identity infrastructure, ensuring accountability and providing pathways for users to address grievances related to their digital identity records and interactions. The rules came into force on June 15, 2026, and are administered by the Department of Finance. The amendment modifies Schedule 1 of the Digital ID Rules 2024 to incorporate the new redress provisions. This development reflects Australia's commitment to establishing robust consumer protections within its digital identity ecosystem, ensuring that individuals have clear avenues to challenge decisions or seek compensation where digital identity services cause harm or operate outside established parameters. The full legislative text and explanatory statement are available on the Federal Register of Legislation.
3240301 pc Jun 16, 2026 pthandapani India Reserve Bank of India horizon scanning
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Reserve Bank of India Issues Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) (Amendment) Regulations, 2026

The Reserve Bank of India (RBI) has issued the Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) (Amendment) Regulations, 2026. The amended regulations contain: Regulations prescribing the permitted modes of payment for non-resident individuals, requiring investment consideration to be paid via inward remittance from abroad or through repatriable deposit accounts. Specific rules governing the remittance of sale proceeds, allowing funds from equity instruments or mutual fund units to be remitted outside India or credited to designated rupee or deposit accounts. Provisions outlining the payment mechanisms for subscriptions to the National Pension System by Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs), permitting the use of funds from foreign currency, repatriable rupee, or NRO accounts. New payment and remittance procedures for purchasing equity shares of Indian companies listed on International Exchanges, mandating that consideration be deposited into the Indian company's foreign currency account or received as inward remittance. Administrative amendments imposing a reporting requirement on designated Authorised Dealer Category I banks to report the purchase or transfer of equity instruments by Individual Foreign Investors (IFIs) on Indian stock exchanges to the RBI using Form LEC (IFI). The amendments take immediate effect.
3243328 pc Jun 16, 2026 adavies European Union European Banking Authority horizon scanning
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European Banking Authority Proposes Simplifications to EU Bank Capital Framework

On June 16, 2026, the European Banking Authority (EBA) published a comprehensive review proposing simplifications to the European Union's bank microprudential, macroprudential, and resolution capital framework. The proposals aim to reduce complexity while preserving banks' resilience and resolvability and ensuring regulatory authorities retain their supervisory tools. The EBA's recommendations build on its July 2024 description of the capital regime "stacking order" and its October 2025 Report on the Efficiency of the Regulatory and Supervisory Framework (TFE report). The EBA proposes a simpler microprudential stack by clarifying the roles of Pillar 1, Pillar 2 requirements (P2R), and Pillar 2 guidance (P2G); sharpening supervisory focus on institution-specific and emerging risks; removing macroprudential considerations from the microprudential stack; and simplifying the leverage ratio stack by converting the leverage ratio Pillar 2 requirement into a buffer and removing leverage ratio guidance. For the macroprudential stack, the EBA recommends combining the countercyclical capital buffer (CCyB) and systemic risk buffer (SyRB) into a single releasable buffer supported by a high-level common methodology and updating the other systemically important institutions (O-SII) framework. For resolution requirements, the EBA proposes streamlining the Minimum Required Own Funds and Eligible Liabilities (MREL) framework by aligning definitions of Total Loss-Absorbing Capacity (TLAC) and MREL eligible resources, reducing metrics, and simplifying adjustments. The recommendations are assessed against four guiding principles: preserving overall resilience and capital neutrality; adhering to international standards; ensuring proportionality; and enhancing efficiency and depth of the Single Market. The report does not advocate fundamental redesign but rather targeted adjustments to improve consistency, predictability, and effectiveness. This publication represents the third major milestone in the EBA's "Simplifying to strengthen" communication campaign on building a more efficient EU prudential and supervisory framework.

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European Banking Authority Publishes Review of the Bank Prudential Framework

On June 16, 2026, the European Banking Authority (EBA) published a report providing a comprehensive review of the EU bank microprudential, macroprudential and resolution capital framework. The report also provides proposals to simplify the framework. The report provides proposals to streamline the EU capital framework without reducing resilience or weakening supervisory action. Specifically, the EBA recommends the following measures: Simpler microprudential stack: To sharpen the focus of supervisory tools on institution-specific and emerging risks. To remove macroprudential considerations from the microprudential stack. To simplify the leverage ratio (LR) stack by converting the LR pillar 2 requirement into a buffer and removing the LR guidance. To sharpen the focus of supervisory tools on institution-specific and emerging risks. To remove macroprudential considerations from the microprudential stack. To simplify the leverage ratio (LR) stack by converting the LR pillar 2 requirement into a buffer and removing the LR guidance. Simpler macroprudential stack: To combine the current countercyclical capital buffer (CCyB) and the systemic risk buffer (SyRB) into a single releasable buffer. To update the O-SII framework. To combine the current countercyclical capital buffer (CCyB) and the systemic risk buffer (SyRB) into a single releasable buffer. To update the O-SII framework. Simpler resolution stack: To streamline the minimum requirement for own funds and eligible liabilities. Framework, including the alignment of eligible resources. To streamline the minimum requirement for own funds and eligible liabilities. Framework, including the alignment of eligible resources.
3236848 pc Jun 16, 2026 pthandapani India Reserve Bank of India horizon scanning
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India's Reserve Bank Imposes Monetary Penalty on True Credits Private Limited for Know Your Customer Non-Compliance

On June 12, 2026, the Reserve Bank of India (RBI) announced it had imposed a monetary penalty of ₹3.10 lakh (Rupees Three Lakh Ten Thousand) on True Credits Private Limited for non-compliance with the Reserve Bank of India (Know Your Customer (KYC)) Directions. The RBI issued the penalty by order dated June 5, 2026, exercising powers under section 58G(1)(b) read with section 58B(5)(aa) of the Reserve Bank of India Act, 1934. The RBI conducted a statutory inspection of True Credits Private Limited with reference to its financial position as of March 31, 2025. Following supervisory findings of non-compliance with RBI directions, the RBI issued a notice to the company requiring it to show cause why a penalty should not be imposed. After considering the company's response and oral submissions during a personal hearing, the RBI sustained a charge against True Credits Private Limited: the company failed to undertake Enhanced Due Diligence (EDD) measures for certain customers onboarded through non-face-to-face modes. The penalty reflects deficiencies in regulatory compliance and does not pronounce upon the validity of any transaction or agreement entered into by the company with its customers. The RBI stated that imposition of this monetary penalty is without prejudice to any other action it may initiate against the company. This enforcement action demonstrates the RBI's continued focus on ensuring financial institutions comply with know-your-customer requirements, particularly regarding customer due diligence procedures for remote onboarding channels.

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Reserve Bank of India Fines True Credits Private Limited INR310,000 for Know Your Customer Non-Compliance

The Reserve Bank of India (RBI) has imposed a fine of INR310,000 on True Credits Private Limited (True Credit) for know-your-customer (KYC) failures in breach of the RBI's directions on KYC . The RBI found, based on an inspection of True Credit's financial position as on March 31, 2025 that it had failed to enhanced due diligence measures for certain customers it onboarded through non-fact-to-face modes.
3237354 pc Jun 16, 2026 msolomon Austria Federal Gazette financial services
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Austria Enacts Consumer Credit Rights Amendment Act Repealing and Replacing Consumer Credit Legislation

On June 10, 2026, Austria's Federal Gazette published the Consumer Credit Rights Amendment Act 2026 (Verbraucherkreditrechts-Änderungsgesetz 2026 – VerKRÄG 2026), a federal law that repeals and replaces Austria's existing consumer credit legislation. The VerKRÄG 2026 repeals the Consumer Credit Act (Verbraucherkreditgesetz) and enacts a new Consumer Credit Act 2026 in its place. The legislation also amends five related acts: the Broker Act (Maklergesetz), the Consumer Protection Act (Konsumentenschutzgesetz), the Consumer Authority Cooperation Act (Verbraucherbehördenkooperationsgesetz), the Banking Act (Bankwesengesetz), and related provisions. The Austrian Ministry of Justice (Bundesministerium für Justiz) submitted the legislation to parliament. The National Council approved the act on May 21, 2026, following committee review. The Federal Council subsequently approved it on June 3, 2026, following its own committee assessment. The legislation implements European Union Directive 2023/2225, as referenced by its CELEX number 32023L2225. The VerKRÄG 2026 represents a comprehensive overhaul of Austria's consumer credit regulatory framework, affecting credit institutions, brokers, and consumer protection authorities. The act applies to consumer credit contracts and related activities across Austria's financial services sector. The legislation is now in force as of its publication date of June 10, 2026. Stakeholders in Austria's financial services industry, including credit providers, brokers, and consumer protection bodies, should review the new provisions to ensure compliance with the updated regulatory requirements. REFERENCES: https://www.ris.bka.gv.at/eli/bgbl/I/2026/36/20260610

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Federal Law Gazette Authentic from 2004

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3243273 pc Jun 16, 2026 arahman Finland Financial Supervisory Authority horizon scanning
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Finland's Financial Supervisory Authority Identifies Deficiencies in Crypto-Asset Services Marketing

On June 16, 2026, Finland's Financial Supervisory Authority (Finanssivalvonta) published findings from a thematic review of crypto-asset services and products marketing conducted in autumn 2025. The review examined licensed crypto-asset service providers' compliance with marketing requirements and pre-contractual consumer information obligations under Finnish consumer protection law. Finanssivalvonta identified significant deficiencies across multiple areas. Companies failed to provide sufficient and balanced information about risks associated with crypto-assets and crypto-asset services, often requiring customers to actively seek this information themselves. Risk descriptions suggested all crypto-assets carried identical risks, and essential customer information was frequently difficult to locate. The authority found that not all participating companies had internal marketing guidelines, and one company lacked an approval process for social media channels used in marketing. Only one company had defined competency requirements for personnel implementing marketing activities. Marketing materials disproportionately emphasised service ease and speed of adoption, particularly problematic for retail customers requiring adequate time to understand services thoroughly. Companies also highlighted Finnish origin and Financial Supervisory Authority oversight status. Some marketing claimed safe crypto-asset investment opportunities. Pricing information lacked predictability and completeness in several cases. Certain companies provided pre-contractual information required under consumer protection law only within terms and conditions, which customers could easily bypass during service onboarding. Some companies failed to provide all mandated pre-contractual disclosures, instead dispersing information across multiple website sections or documents. Finanssivalvonta requires crypto-asset service providers to address these findings and implement necessary corrective measures to ensure regulatory compliance. The authority emphasises that crypto-asset markets have grown substantially, with services marketed to new customer groups lacking prior crypto-asset experience. The European Union's Markets in Crypto-Assets Regulation (MiCA) became applicable December 30, 2024, requiring crypto-asset service provision licences. Finland applied a six-month national transition period ending June 30, 2025.

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Finland's Financial Supervisory Authority Identifies Deficiencies in Crypto-Asset Services Marketing

On June 16, 2026, Finland's Financial Supervisory Authority (FSA) published findings from a thematic review of crypto-asset services and products marketing conducted in autumn 2025. The review examined licensed crypto-asset service providers' compliance with marketing requirements and pre-contractual consumer information obligations under Finnish consumer protection law. Key findings of the thematic review include: Companies did not adequately and equitably disclose the risks associated with crypto assets and crypto asset services. In addition, familiarising themselves with the risks and information often requires customers to be proactive. The risk descriptions gave the impression that all crypto assets are subject to the same risks. Not all companies surveyed had internal marketing guidelines. One company had no approval process for its social media channels. Much of the information essential to customers was often difficult to find. There were clear errors in some of the information provided about crypto assets. The differences between crypto assets and different types of crypto assets were not apparent from the information on the websites. For example, a potential customer would not have been able to distinguish established crypto assets from new, less liquid crypto assets (e.g. meme coins) based on the information provided. The thematic assessment found shortcomings in the predictability and comprehensiveness of pricing information. Pricing information was not easy to find in all cases.
3236850 pc Jun 16, 2026 pthandapani India Reserve Bank of India horizon scanning
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India's Reserve Bank Imposes Monetary Penalty on IIFL Samasta Finance Limited

On June 12, 2026, the Reserve Bank of India (RBI) announced it had imposed a monetary penalty of ₹3.90 lakh on IIFL Samasta Finance Limited for non-compliance with regulatory directions. The RBI issued the penalty by order dated June 5, 2026, under section 58G(1)(b) read with section 58B(5)(aa) of the Reserve Bank of India Act, 1934. The penalty relates to breaches of the Reserve Bank of India (Know Your Customer (KYC)) Directions and the Reserve Bank of India (Fraud Risk Management in Non-Banking Financial Companies (NBFCs)) Directions. The RBI identified these violations following a statutory inspection of IIFL Samasta Finance Limited conducted with reference to its financial position as of March 31, 2025. The RBI issued a notice requiring the company to show cause why a penalty should not be imposed. After considering the company's response and oral submissions during a personal hearing, the RBI sustained two specific charges: the company failed to implement robust software for effective identification and reporting of suspicious transactions, and it failed to disclose correct details of frauds reported for the financial year 2024-25 in its Financial Statement Notes to Accounts. The RBI clarified that this action is based on deficiencies in regulatory compliance and does not pronounce upon the validity of any transaction or agreement entered into by the company with its customers. The penalty is imposed without prejudice to any other enforcement action the RBI may initiate against IIFL Samasta Finance Limited. This enforcement action underscores the RBI's continued focus on ensuring non-banking financial companies maintain robust compliance frameworks, particularly regarding customer due diligence and fraud risk management procedures.

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Reserve Bank of India Fines IIFL Samasta Finance Limited INR390,000 for KYC and Fraud Failures

The Reserve Bank of India (RBI) has imposed a fine of INR390,000 (US$4,127) on IIFL Samasta Finance Limited (IIFL) for KYC and fraud reporting failures in breach of the RBI's now  directions on KYC and Fraud Risk Management in NBFCs . The RBI found, based on an inspection of IIFL's finances as of March 31, 2025 that it had failed to: Put in place a robust software for effective identification and reporting of suspicious transactions. Disclose correct details of frauds reported for the financial year 2024-25 in the Financial Statement - Notes to Accounts. This amounted to a breach of the directions
3243275 gc Jun 16, 2026 prandeo Sweden Regulator - news gamblingcompliance
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Sweden's Court of Appeal Upholds Ban on Bingo Terminals in Kiosks and Retail Environments

On June 16, 2026, Sweden's Court of Appeal (Kammarrätten) upheld the Swedish Gambling Authority (Spelinspektionen) decision to reject a licence application for bingo terminals in retail locations. The court determined that bingo terminals are not appropriate for kiosks and similar environments primarily designed for purposes other than gambling. The Gambling Authority rejected the application on March 21, 2024, after an association sought to operate bingo terminals across 297 retail locations. The Administrative Court (Förvaltningsrätten) initially overturned the Gambling Authority's decision, but the Court of Appeal has now reversed this ruling and reinstated the original rejection. The Court of Appeal reasoned that Sweden's Gambling Act (Spellagen) constitutes restrictive prohibition legislation that expresses a cautious approach to self-service gaming terminals, including bingo terminals. The court concluded it is inappropriate from a public interest perspective to permit bingo gaming in kiosks and comparable retail environments where gaming is not the primary purpose. This decision reinforces the regulatory framework limiting where bingo terminals can be lawfully operated in Sweden, restricting them to traditional bingo halls rather than ancillary retail spaces. The ruling establishes precedent for future licence applications involving self-service gaming terminals in non-dedicated gaming venues.

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Swedish appeal court upholds rejection of bingo terminal licence application

On June 16, 2026, the Administrative Court of Appeal upheld the Swedish Gambling Authority's decision to reject an application to offer bingo games through bingo terminals at 297 gaming locations situated in retail premises. The Swedish Gambling Authority had rejected the application on March 21, 2024, finding that it was not appropriate from a general perspective to offer bingo through self-service terminals outside traditional bingo halls. The Administrative Court subsequently overturned the regulator's decision and ruled in favour of the applicant. The Administrative Court of Appeal has now reversed the lower court's judgment and reinstated the Swedish Gambling Authority's decision. In its reasoning, the court noted that the Gambling Act is based on a restrictive regulatory framework and reflects a cautious approach to the use of self-service gaming terminals. The court concluded that it is not appropriate, from a general perspective, to permit bingo terminals in kiosks and similar retail environments that are primarily intended for purposes other than gambling. As a result, the licence application was lawfully rejected. The ruling provides further clarification on how Swedish courts interpret the suitability requirements applicable to land-based gambling offerings and reinforces the regulator's restrictive approach to the placement of bingo terminals outside dedicated gambling venues.
3253320 pc Jun 16, 2026 arahman Ukraine Regulatory Documents financial services
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Ukraine's National Bank Amends Cash Circulation Regulatory Framework

On June 16, 2026, the Board of the National Bank of Ukraine (NBU) adopted Resolution No. 67, which approves amendments to several regulatory acts governing cash circulation operations in Ukraine. The resolution introduces changes to the normative legal acts that regulate cash handling procedures. These amendments aim to update and refine the existing framework for cash circulation management within the Ukrainian financial system. The changes apply to all entities involved in cash operations, including banks, credit institutions, and other authorised cash handlers operating under NBU supervision. The amendments entered into force on June 26, 2026. The full text of Resolution No. 67 is available on the NBU's official website in both PDF and DOCX formats for download and reference by affected institutions and stakeholders. REFERENCES: National Bank of Ukraine. Resolution of the Board of the National Bank of Ukraine No. 67 of June 16, 2026 "On Approval of Amendments to Certain Normative Legal Acts of the National Bank of Ukraine on Cash Circulation." Available at: [NBU Official Website]

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National Bank of Ukraine Adopts Resolution on Cash Circulation

On June 16, 2026, the National Bank of Ukraine (NBU) adopted Resolution No. 67, which approves amendments to several regulatory acts governing cash circulation operations in Ukraine. A financial inclusion bank is required to carry out the following activities: Activities related to the provision of payment services within the scope of a limited banking licence or a current banking licence that has been reissued as a limited banking licence. The preparation of cash documents for cash transactions. Other key points include: Payment service providers (PSP) may accept cash payments for bills such as rent, utilities, telephone, television, electricity, gas and internet services on behalf of legal entities that are the payment recipients. PSPs may generate payment instructions for the transfer of accepted cash either based on invoices issued by the legal entity or on information provided and signed by the user. This resolution comes into effect on June 26, 2026.
3241734 pc Jun 16, 2026 tojuri France Autorité des Marchés Financiers horizon scanning
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France's Financial Markets Authority Publishes Anti-Money Laundering and Counter-Terrorism Financing Control Summary

On June 15, 2026, the Autorité des Marchés Financiers (AMF) published a summary of its supervisory findings on anti-money laundering and counter-terrorism financing (AML/CTF) controls conducted between January 1, 2022, and December 31, 2025. The summary forms part of the AMF's 2026 supervisory priorities and its strategic Impact 2027 framework. The AMF analysed 46 controls that resulted in enforcement action, yielding 16 sanction decisions, 16 administrative settlement agreements, and 16 remediation letters requiring corrective measures. Some controls resulted in mixed enforcement outcomes. The analysis identified significant deficiencies across regulated entities, including portfolio management companies and financial investment advisors. Key findings include incomplete or inadequately tailored AML/CTF procedures; insufficiently personalised risk mappings that fail to operationally link identified risks to implemented vigilance measures; gaps in oversight of delegates, distributors, and third-party service providers involved in customer due diligence; deficiencies in collecting, maintaining, and updating client information, beneficial ownership data, and politically exposed person status; failures in implementing investment and disinvestment due diligence procedures; reporting breaches to TRACFIN (France's financial intelligence unit) or the AMF; inadequate staff training on AML/CTF obligations; and insufficient internal control formalisation or effectiveness demonstration. The AMF emphasised the critical importance of suspicious transaction reporting to TRACFIN's effectiveness. Regulated entities must identify atypical operations, conduct necessary analyses, and file appropriate suspicious activity reports when circumstances warrant. The AMF will continue supervisory and control activities using a risk-based approach and contribute to European regulatory developments, particularly regarding the progressive implementation of the Autorité Européenne de Lutte contre le Blanchiment d'Argent et le Financement du Terrorisme (AMLA), established in June 2024.

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French Financial Markets Authority Publishes Findings on its AML Control

On June 15, 2026, the French Financial Markets Authority (AMF) published a summary of its supervisory findings on anti-money laundering and counter-terrorism financing (AML/CTF) controls conducted between January 2022 and December 2025. The summary forms part of the AMF's 2026 supervisory priorities and its strategic Impact 2027 framework. The AMF analysed 46 controls that led to enforcement action, resulting in 16 sanction decisions, 16 administrative settlement agreements, and 16 remediation letters requiring corrective measures. Some controls resulted in mixed enforcement outcomes. The analysis identified significant deficiencies across regulated entities, including: Incomplete or insufficiently precise or unsuitable AML/CTF procedures. Insufficiently personalised risk mappings that fail to operationally link identified risks to implemented vigilance measures. Shortcomings in the management and supervision of delegates, distributors, and third-party service providers involved in customer due diligence. Deficiencies in collecting, maintaining, and updating client information, beneficial ownership data, and politically exposed person status; Failures in implementing investment and disinvestment due diligence procedures; Failures in reporting breaches to TRACFIN (France's financial intelligence unit) or the AMF; Inadequate staff training on AML/CTF obligations; Insufficient internal control formalisation or effectiveness demonstration. The AMF emphasised the critical importance of suspicious transaction reporting to TRACFIN's effectiveness. Regulated entities must identify atypical operations, conduct necessary analyses, and file appropriate suspicious activity reports when circumstances warrant.
3240557 pc Jun 16, 2026 adavies Iceland Icelandic Government - Consultations financial services
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Iceland's Government Consults on Amendments to Sustainable Investment Classification Regulation

On June 15, 2026, the Icelandic Government opened a consultation on draft amendments to Iceland's sustainable investment classification regulation. The consultation period runs from June 15 to June 29, 2026, and concerns proposed changes to Regulation No. 10/2024 on the Classification System for Sustainable Investments. The amendments implement European Union (EU) Delegated Regulation (EU) 2026/73, which modifies three existing EU delegated regulations: (EU) 2021/2139, (EU) 2021/2178, and (EU) 2023/2486. These changes form part of the EU's broader effort to simplify financial market regulation. The amendments introduce several key modifications: simplification of templates and exemptions from the obligation to assess activity compliance with technical screening criteria when activities lack financial materiality; criteria defining when activities are not financially material; and exemptions from certain provisions of Regulation (EU) 2021/2178 for financial market participants whose activities are not described as activities linked to environmentally sustainable economic activities under the EU Taxonomy Regulation (EU) 2020/852. Iceland incorporated the EU Taxonomy Regulation through Law No. 25/2023 on Sustainability Disclosure in Financial Services and the Classification System for Sustainable Investments. The proposed regulation will be adopted under Article 8(1) of this law and is expected to take effect upon publication. However, financial institutions will be permitted to base their reporting for the financial year January 1 to December 31, 2025, on the versions of Regulations (EU) 2021/2178, (EU) 2021/2139, and (EU) 2023/2486 as they stood on December 31, 2025. Stakeholders may submit comments through June 29, 2026. The consultation portal is available at the Icelandic Government's consultation gateway (Samráðsgátt), with inquiries directed to Árni Axelsson at arnas.axelsson@fjr.is.

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Icelandic Government Consults on Amendments to Sustainable Investment Classification Regulation

On June 15, 2026, the Icelandic government launched a consultation on draft amendments to Regulations No.10/2024 on the classification system for sustainable investments . The amendments implement Commission Delegated Regulation (EU) 2026/73 which amends Delegated Regulation (EU) 2021/2178 , Delegated Regulation (EU) 2021/2139 and Delegated Regulation (EU) 2023/2486 . The Icelandic government is seeking feedback on its consultation by June 30, 2026, which may be submitted via this link .
3240434 pc Jun 16, 2026 tojuri Belgium Financial Services and Markets Authority financial services
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Belgium's Financial Services and Markets Authority Publishes Communication on Frontier Artificial Intelligence Systems and Cyber Risk

On June 15, 2026, the Financial Services and Markets Authority (FSMA) published a communication regarding the impact of frontier artificial intelligence (AI) systems on cyber risk faced by entities it supervises. Recent developments in artificial intelligence are creating a sharp increase in cyber risk exposure for regulated firms. The FSMA noted that entities which previously considered themselves at low risk of cyberattacks—particularly due to their size or activities—must reassess the likelihood and impact of potential attacks on their systems. The communication emphasises that frontier AI systems represent a material shift in the threat landscape, requiring financial institutions to strengthen their cyber resilience posture accordingly. The FSMA calls on all entities subject to the Digital Operational Resilience Act (DORA) Regulation to swiftly implement all measures required by this regulation. The authority warned that failure to comply with DORA requirements will expose regulated entities to significantly greater risk of falling victim to cyberattacks. The FSMA also noted that the measures outlined in DORA are relevant and applicable to financial entities not formally subject to the regulation, indicating that cyber risk mitigation practices should be adopted across the financial sector regardless of regulatory classification. The communication is available as FSMA_2026_15 and serves as a formal advisory to the financial services industry on the urgent need to address cyber vulnerabilities in light of advancing AI capabilities.

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Belgium's Financial Services and Markets Authority Publishes Communication on Frontier Artificial Intelligence Systems and Cyber Risk

On June 15, 2026, the Financial Services and Markets Authority (FSMA) published a communication regarding the impact of frontier artificial intelligence (AI) systems on cyber risk faced by entities it supervises. Recent developments in artificial intelligence are creating a sharp increase in cyber risk exposure for regulated firms. The FSMA noted that entities which previously considered themselves at low risk of cyberattacks, particularly due to their size or activities, must reassess the likelihood and impact of potential attacks on their systems. The communication emphasises that frontier AI systems represent a material shift in the threat landscape, requiring financial institutions to strengthen their cyber resilience posture accordingly. The FSMA calls on all entities subject to the Digital Operational Resilience Act (DORA) to critically assess the measures they have put in place to ensure that their ICT systems, protocols, and tools meet the requirements for adequacy, reliability, capacity, and resilience under DORA.  The FSMA details the measures that entities should take into account, divided into four categories: Identifying ICT assets. Protecting ICT assets. Detecting incidents and responding quickly. Requiring ICT service providers to take measures at their level as well. The authority warned that failure to comply with DORA requirements will expose regulated entities to significantly greater risk of falling victim to cyberattacks. The FSMA also noted that the measures outlined in DORA are relevant and applicable to financial entities not formally subject to the regulation.
3241435 pc Jun 16, 2026 tojuri Spain News and Media financial services
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Spain's National Securities Market Commission Announces End of MiCA Transitional Period for Crypto-Asset Service Providers

On June 15, 2026, Spain's National Securities Market Commission (Comisión Nacional del Mercado de Valores — CNMV) announced that the transitional period for the Markets in Crypto-Assets Regulation (MiCA Regulation) will conclude on June 30, 2026. From July 1, 2026, only crypto-asset service providers (CASPs) holding the required authorisation will be permitted to operate in Spain. The CNMV statement addresses obligations for both CASPs and investors during this transition. CASPs that do not expect to obtain authorisation before the deadline must implement effective client migration plans. These plans must enable clients to transfer crypto-assets held in custody to alternative wallet addresses and withdraw funds to bank accounts, incorporating appropriate security measures and complying with anti-money laundering requirements. Alternatively, CASPs may enter into agreements with authorised providers to facilitate client transfers, subject to adequate safeguards protecting client interests. Providers must ensure timely, transparent and ongoing communication with clients regarding regulatory status, migration arrangements, applicable timelines and required actions. Migration plans should provide clients with a reasonable period to withdraw crypto-assets and funds; any remaining assets may be transferred to an authorised provider following advance notification. From July 1, 2026, investors conducting business with unauthorised entities will no longer benefit from MiCA protections. The CNMV advises investors to verify provider authorisation status through registers maintained by the European Securities and Markets Authority (ESMA) and the CNMV before engaging with crypto-asset service providers. Investors should request information regarding migration arrangements and available options if their provider lacks authorisation. For further information, investors and providers may contact the CNMV Communications Department at 91 5851530 or comunicacion@cnmv.es.

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Spain's National Securities Market Commission Announces End of MiCA Transitional Period for CASPs

On June 15, 2026, Spain's National Securities Market Commission (CNMV) announced that the transitional period for the Markets in Crypto-Assets Regulation (MiCA) will conclude on June 30, 2026. From July 1, 2026, only crypto-asset service providers (CASPs) holding the required authorisation will be permitted to operate in Spain. The CNMV statement addresses obligations for both CASPs and investors during this transition. CASPs that do not expect to obtain authorisation before the deadline must implement effective client migration plans. These plans must enable clients to transfer crypto-assets held in custody to alternative wallet addresses and withdraw funds to bank accounts, incorporating appropriate security measures and complying with anti-money laundering requirements. Alternatively, CASPs may enter into agreements with authorised providers to facilitate client transfers, subject to adequate safeguards protecting client interests. Providers must ensure timely, transparent and ongoing communication with clients regarding regulatory status, migration arrangements, applicable timelines and required actions. Migration plans should provide clients with a reasonable period to withdraw crypto-assets and funds; any remaining assets may be transferred to an authorised provider following advance notification. From July 1, 2026, investors conducting business with unauthorised entities will no longer benefit from MiCA protections.
3241505 pc Jun 16, 2026 tojuri Malta Central Bank of Malta horizon scanning
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Malta's Central Bank Updates Directive on Trans-European Automated Real-Time Gross Settlement Express Transfer System

On June 15, 2026, the Central Bank of Malta published an updated version of Directive No. 6 on the New Generation Trans-European Automated Real-Time Gross Settlement Express Transfer System (TARGET). The update implements amendments introduced by Guideline ECB/2026/11, which the Governing Council of the European Central Bank adopted on May 4, 2026. The directive introduces rule-based liquidity transfers for TARGET Instant Payment Settlement Dedicated Cash Accounts (TIPS DCAs), modelled on the existing facility for Real-Time Gross Settlement Dedicated Cash Accounts (RTGS DCAs). Under the amendments, participants using TIPS DCAs may now opt for a breach of floor or ceiling amounts to trigger a rule-based liquidity transfer order, aligning the functionality with existing options available for Main Cash Accounts (MCAs) and RTGS DCAs. The update also revises the fee structure for RTGS DCA holders, reflecting the revised T2/RTGS pricing policy approved by the Governing Council on April 28, 2026. The amendments related to rule-based liquidity transfers entered into force on June 15, 2026. The revised fee structure for RTGS DCA holders, as outlined in Annex I, Appendix VI of the updated Directive No. 6, takes effect on July 1, 2026. These changes apply to all participants in the TARGET system operating within Malta's jurisdiction and affect payment service providers and financial institutions utilising the system's settlement infrastructure.

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Central Bank of Malta Updates Directive on TARGET System

On June 15, 2026, the Central Bank of Malta published an updated version of Directive No. 6 on the New Generation Trans-European Automated Real-Time Gross Settlement Express Transfer System (TARGET). The update implements amendments introduced by Guideline ECB/2026/11, which introduces rule-based liquidity transfers for TARGET Instant Payment Settlement Dedicated Cash Accounts (TIPS DCAs). Under the amendments, participants using TIPS DCAs may now opt for a breach of floor or ceiling amounts to trigger a rule-based liquidity transfer order, aligning this functionality with existing options for Main Cash Accounts (MCAs) and Real-Time Gross Settlement Dedicated Cash Accounts (RTGS DCAs). The update also revises the fee structure for RTGS DCA holders, reflecting the revised T2/RTGS pricing policy approved by the Governing Council on April 28, 2026. The amendments related to rule-based liquidity transfers entered into force on June 15, 2026. The revised fee structure for RTGS DCA holders takes effect on July 1, 2026. These changes apply to all participants in the TARGET system operating within Malta's jurisdiction and affect payment service providers and financial institutions utilising the system's settlement infrastructure.
3247115 pc Jun 16, 2026 msolomon Austria Financial Market Authority financial services
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Austria's Financial Market Authority Imposes Fine on Raiffeisenlandesbank Burgenland for Prospectus Regulation Breaches

On June 16, 2026, Austria's Financial Market Authority (FMA) imposed a fine of EUR 20,000 on Raiffeisenlandesbank Burgenland und Revisionsverband eGen for breaches of the Prospectus Regulation (EU) 2017/1129. The FMA concluded proceedings in an accelerated manner pursuant to Article 22, paragraph 2b of the Financial Market Authority Act (FMABG). Raiffeisenlandesbank Burgenland und Revisionsverband eGen contravened Article 22(3) of the Prospectus Regulation by making publicity available in a folder that did not match the information contained in the prospectus. Additionally, the institution failed to comply with Article 22(2) of the Prospectus Regulation by not advising in its publicity that a prospectus had been published. These provisions serve critical investor protection purposes and address information asymmetries between investors and issuers by ensuring proper disclosure of material information. The penal order is final and not subject to further appeal. This enforcement action underscores the FMA's commitment to ensuring compliance with prospectus disclosure requirements among financial institutions operating in Austria.

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Austria's Financial Market Authority Imposes Fine on Raiffeisenlandesbank Burgenland

On June 16, 2026, Austria's Financial Market Authority (FMA) announced it had imposed a fine of  €20,000 on Raiffeisenlandesbank Burgenland und Revisionsverband eGen for breaches of Regulation (EU) 2017/1129 (Prospectus Regulation). The FMA found that the bank had published advertising material that did not correspond to the information in the prospectus and that the advert did not advise that a prospectus had actually been published. The penal order is final and not subject to further appeal.
3244028 pc Jun 16, 2026 arahman Russia The central Bank of Russian Federation horizon scanning
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Russia's Central Bank Publishes Guidance on Voluntary Insurance Requirements for Consumer Loan Borrowers

On an unspecified date, the Central Bank of the Russian Federation (Bank of Russia) published an information letter providing clarification on the application of Central Bank Instruction No. 6139-U and Central Bank Instruction No. 6109-U. The guidance addresses questions from insurance organizations, credit organizations, and microfinance organizations regarding the implementation of specific provisions governing voluntary insurance for borrowers. The Central Bank clarified that Instruction No. 6139-U applies to voluntary life and health insurance for borrowers under consumer credit agreements and does not apply to personal insurance unrelated to such credit arrangements. The guidance specifies that when both personal and property insurance are provided alongside consumer credit, borrowers must receive separate key information documents for each type of insurance, formatted according to the respective instructions. The Central Bank addressed several implementation matters, including: the provision of key information documents at the time of insurance contract conclusion; the requirement that insurance companies, credit organizations, and microfinance organizations disclose both primary and additional insurance risks; the placement of QR codes linking to applicable insurance rules on key information documents; and the obligation for creditors to provide key information documents when borrowers become insured parties through creditor actions or third parties acting on the creditor's behalf. The guidance also clarifies requirements for multi-borrower insurance arrangements, confirming that total insurance amounts across all borrowers cannot exceed the principal debt plus applicable interest. The Central Bank reaffirmed borrower rights to refuse insurance and receive premium refunds within seven business days of submitting a cancellation request, and specified that insurers must disclose insurance payout timeframes in key information documents. REFERENCES: Central Bank of the Russian Federation Information Letter on the Application of Certain Provisions of Central Bank Instruction No. 6139-U and Central Bank Instruction No. 6109-U

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Central Bank of Russia Issues Information Letter on Applying Certain Provisions of Directive No. 6139-U

On June 16, 2026, the Central Bank of Russia (CBR) issued an information letter on the procedure for applying certain provisions of Directive No. 6139-U and Directive No. 6109-U, applicable to banks and lending providers. Key points include: The requirements of Directive No. 6139-U apply only to voluntary personal insurance policies that a borrower enters into in connection with obtaining a consumer credit or loan. They do not apply to personal insurance arrangements that are unrelated to the granting of a consumer credit or loan. Under Russian law, personal insurance includes life insurance, accident and sickness insurance, and health insurance. Accordingly, the requirements of Directive No. 6139-U apply to these types of insurance contracts when they are concluded by borrowers as part of the process of obtaining a consumer credit or loan. Where a borrower obtains both personal insurance and property insurance in connection with a consumer credit or loan, separate key information documents must be provided for each type of insurance. The key information document for personal insurance must follow the form prescribed by Directive No. 6139-U, while the document for property insurance must follow the form prescribed by Directive No. 6109-U. Under Directive No. 6139-U, the key information document for a voluntary insurance contract must be provided when the insurance contract is concluded. However, if the contract provides for automatic renewal and no new insurance contract is entered into upon renewal, a new key information document is not required.
3241798 pc Jun 16, 2026 tojuri Malta Malta Financial Services Authority horizon scanning
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Malta Financial Services Authority Releases Cyber Threats Awareness Brief

On June 16, 2026, the Malta Financial Services Authority (MFSA) published the first iteration of its Cyber Threats Awareness Brief on its official website. The brief provides an overview of key cyber threat trends observed throughout 2025 and the period from January to May 2026, together with forward-looking insights relevant to the financial sector. The MFSA issued the brief to support awareness of evolving cyber threats and contribute to the strengthening of cyber resilience across authorised persons operating in Malta's financial services sector. The document is intended as an awareness tool and does not introduce any new regulatory obligations for authorised persons. The brief covers significant cyber threat developments and emerging risks that may affect financial services institutions, enabling them to better understand the threat landscape and adjust their internal risk management frameworks accordingly. Authorised persons are encouraged to review the publication and consider its relevance within the context of their own risk environment. The brief is available on the MFSA's Supervisory ICT Risk and Cybersecurity page, which also contains the Significant Cyber Threat Notification section. Further information can be obtained by contacting the MFSA directly or visiting its official website at www.mfsa.mt.

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Malta Financial Services Authority Releases Cyber Threats Awareness Brief

On June 16, 2026, the Malta Financial Services Authority (MFSA) published its Cyber Threats Awareness Brief. The brief provides an overview of key cyber threat trends observed throughout 2025 and from January to May 2026, along with forward-looking insights relevant to the financial sector. The MFSA issued the brief to raise awareness of evolving cyber threats and to strengthen cyber resilience across authorised persons operating in Malta's financial services sector. The document is an awareness tool and does not introduce any new regulatory obligations for authorised persons and covers significant cyber threat developments and emerging risks that may affect financial services institutions, enabling them to better understand the threat landscape and adjust their internal risk management frameworks accordingly. The brief is intended to: Inform regulated authorised persons of key cyber threat trends and emerging risks relevant to their operational environment. Support supervisory awareness by highlighting areas of elevated cyber risk. Contribute to sector-wide awareness and cyber resilience by providing a structured reference based on publicly available information. Offer guidance to authorised persons in strengthening their preparedness and resilience against evolving cyber threats. Authorised persons are encouraged to review the publication and consider its relevance within the context of their own risk environment.
3240375 pc Jun 16, 2026 adavies Iceland Icelandic Government - Consultations financial services
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Iceland's Government Launches Consultation on Digital Resilience Regulation for Financial Markets

On June 15, 2026, the Icelandic Government opened a consultation on a proposed regulation implementing two delegated European Commission regulations concerning the designation of critical third-party information and communications technology service providers in the financial sector. The proposed regulation implements delegated regulations (EU) 2024/1502 and (EU) 2024/1505, which establish detailed criteria for designating critical third parties under the Digital Operational Resilience Act for the Financial Sector (DORA), Regulation (EU) 2022/2554. Under DORA's oversight framework, critical third parties providing information and communications technology services that meet designation criteria—including cross-border service provision and potential systemic impact on financial stability, continuity, or service quality—fall under the supervision of the EFTA Surveillance Authority as the primary supervisor. The proposed regulation specifies conditions for third-party designation under this framework and establishes supervisory fee arrangements. The primary supervisor holds authority to conduct information requests, general investigations, on-site inspections, issue recommendations, and propose remedial measures. Critical third parties designated under the framework must cooperate in good faith with their primary supervisor and pay supervisory fees as determined under delegated regulation (EU) 2024/1505. The Icelandic Government notes that no Icelandic entities are currently expected to meet designation criteria in the near term. The proposed regulation implements these delegated regulations consistent with the two-pillar structure of the European Economic Area Agreement and is based on Articles 1 and 2 of the Digital Operational Resilience Act for the Financial Sector, Law No. 78/2025. The consultation period runs from June 15 to June 30, 2026. Responses can be submitted through the consultation portal, and submissions are published as they are received.

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Icelandic Government Launches Consultation on Digital Operational Resilience Regulation

On June 15, 2026, the Icelandic government launched a consultation on a proposed regulation implementing two delegated European Commission regulations concerning the designation of critical third-party information and communications technology service providers in the financial sector pursuant to Regulation (EU) 2022/2554 (Digital Operational Resilience Act – DORA). The proposed regulation implements: Delegated Regulation (EU) 2024/1502 . Delegated Regulation (EU) 2024/1505 . The Icelandic government is seeking feedback on its consultation by July 1, 2026, which may be submitted via this link .
3245200 pc Jun 16, 2026 arahman Kosovo Central Bank for the Republic of Kosovo (BQK) - News horizon scanning
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Kosovo's Central Bank Signs Strategic Memorandum with United Arab Emirates Central Bank

On June 16, 2026, the Central Bank for the Republic of Kosovo (CBK) and the Central Bank of the United Arab Emirates (CBUAE) signed a Memorandum of Understanding (MoU) to strengthen bilateral relations and facilitate the exchange of information and expertise. The signing took place at CBUAE headquarters in Abu Dhabi, with CBK Governor Dr. Ahmet Ismaili and CBUAE Governor Khaled Mohamed Balama executing the agreement. The MoU establishes enhanced coordination across supervisory and regulatory areas, with both parties committing to exchange expertise on financial technology development, monetary policy, macroprudential measures, and financial stability. The agreement covers priority areas including financial consumer protection, financial inclusion and financial literacy, Islamic finance, banking supervision, payment systems oversight, implementation of international prudential standards, and anti-money laundering and combating the financing of terrorism (AML/CFT) in accordance with applicable laws and regulations of both jurisdictions. CBUAE Governor Balama said the MoU responds to rapid transformation across the global financial sector, requiring stronger institutional cooperation channels between central banks and supervisory authorities to exchange insights and best practices. CBK Governor Ismaili described the agreement as a historic milestone for Kosovo's central bank, reflecting its commitment to expanding international cooperation with reputable partner institutions, strengthening institutional capacities, and supporting modernisation of Kosovo's financial sector in line with international standards and best practices. The MoU represents the CBK's first such agreement with the CBUAE and signals Kosovo's continued integration into the international financial regulatory framework.

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Central Bank of Kosovo Signs Strategic Memorandum with Central Bank of United Arab Emirates

On June 16, 2026, the Central Bank for the Republic of Kosovo (CBK) and the Central Bank of the United Arab Emirates (CBUAE) signed a memorandum of understanding (MoU) to strengthen bilateral relations and facilitate the exchange of information and expertise. Under the MoU, both parties will enhance coordination across supervisory and regulatory areas and exchange expertise on financial technology development, monetary policy, macroprudential measures and financial stability. The agreement covers priority areas including financial consumer protection, financial inclusion and financial literacy, Islamic finance, banking supervision, payment systems oversight, implementation of international prudential standards, and anti-money laundering and combating the financing of terrorism (AML/CFT) in accordance with applicable laws and regulations of both jurisdictions.
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