Published

50 of 2605 published with a draft · mirror synced Oct 24 03:00 UTC
3089823 gc Apr 24, 2026 apintea Ukraine Ministry Digital Transformation-news gamblingcompliance
headline kept 100% of draft length open

Generated

1550 chars

Ukraine's PlayCity Revokes Cosmolot Gambling Licence Over Financial Violations

Ukraine's state gambling regulator, PlayCity, has revoked the gambling licence of Cosmolot (operating as LLC Spaceyx) following an investigation that identified serious breaches of financial regulations. During its inspection, PlayCity discovered that the operator was using peer-to-peer (P2P) payment methods and permitting account top-ups from third-party bank cards, both violations of established licensing requirements. In addition to the licence revocation, PlayCity imposed financial penalties totalling 12.9 million Ukrainian hryvnias (UAH). The breakdown comprises 8.6 million UAH for unauthorised use of P2P payments and 4.3 million UAH for accepting funds from third-party bank cards. PlayCity stated that gambling licences in Ukraine require operators to comply with strict statutory requirements, and that the regulator's mandate is to ensure consistent and transparent oversight of all licence holders to maintain fair market conditions. The Ministry of Digital Transformation (Mincifra) has indicated that it is developing amendments to Ukraine's core gambling legislation to strengthen regulatory oversight further. These proposed changes aim to enhance regulation of betting activities and increase the rigour of operator vetting procedures. PlayCity emphasised that operators who ignore regulatory requirements face financial penalties, and that material breaches result in licence revocation. The regulator continues to monitor all gambling operators within its statutory authority to ensure compliance with unified market rules.

Agent draft

Not run yet.

Published

1550 chars · nid 50913

Ukraine's PlayCity Revokes Cosmolot Gambling Licence Over Financial Violations

Ukraine's state gambling regulator, PlayCity, has revoked the gambling licence of Cosmolot (operating as LLC Spaceyx) following an investigation that identified serious breaches of financial regulations. During its inspection, PlayCity discovered that the operator was using peer-to-peer (P2P) payment methods and permitting account top-ups from third-party bank cards, both violations of established licensing requirements. In addition to the licence revocation, PlayCity imposed financial penalties totalling 12.9 million Ukrainian hryvnias (UAH). The breakdown comprises 8.6 million UAH for unauthorised use of P2P payments and 4.3 million UAH for accepting funds from third-party bank cards. PlayCity stated that gambling licences in Ukraine require operators to comply with strict statutory requirements, and that the regulator's mandate is to ensure consistent and transparent oversight of all licence holders to maintain fair market conditions. The Ministry of Digital Transformation (Mincifra) has indicated that it is developing amendments to Ukraine's core gambling legislation to strengthen regulatory oversight further. These proposed changes aim to enhance regulation of betting activities and increase the rigour of operator vetting procedures. PlayCity emphasised that operators who ignore regulatory requirements face financial penalties, and that material breaches result in licence revocation. The regulator continues to monitor all gambling operators within its statutory authority to ensure compliance with unified market rules.
3108142 pc Apr 24, 2026 arahman Ukraine National Bank of Ukraine (NBU) horizon scanning
headline rewritten 83% of draft length open

Generated

1947 chars

Ukraine's National Bank Reinstates Service Fees for BankID System Participants

On April 28, 2026, the National Bank of Ukraine (NBU) announced the reinstatement of service fees within the BankID NBU system, effective June 24, 2026. The fees apply to services provided by the NBU to system participants, including connection to the system and processing of successful user identifications. The reinstatement of tariffs aims to ensure the system's effective development and offset maintenance costs. Since March 13, 2022, all BankID NBU services had been provided free of charge to support system functionality during martial law. Fees now apply only to commercial subscribers—banks and other legal entities providing commercial services—and do not affect individual end-users of the system. The NBU maintains free services for subscribers using BankID NBU exclusively for non-commercial purposes, including state institutions, public educational establishments, and civil society organisations. For commercial subscribers, the updated tariffs (excluding value-added tax) are: connection of a commercial identifier subscriber (18,000 Ukrainian hryvnia); connection of a service provider subscriber or service provider with special status (14,000 hryvnia); connection of an additional subscriber node (10,000 hryvnia); connection of an additional service portal (10,000 hryvnia); and processing of each successful remote electronic identification confirmation between commercial subscribers (0.25 hryvnia). These changes were adopted through Board Resolution No. 45 of April 24, 2026, "On Approval of Changes to Service Tariffs Provided by the National Bank of Ukraine in Certain Areas of Its Activity." As of the announcement, the BankID NBU system comprises 37 identifier subscribers and 115 service provider participants. REFERENCES: National Bank of Ukraine. Board Resolution No. 45 of April 24, 2026, "On Approval of Changes to Service Tariffs Provided by the National Bank of Ukraine in Certain Areas of Its Activity."

Agent draft

Not run yet.

Published

1610 chars · nid 92248

National Bank of Ukraine Adopts Resolution on Service Fees for BankID System

On April 24, 2026, the National Bank of Ukraine (NBU) adopted Resolution on the Approval of Amendments to the Tariffs for Services (Transactions) Provided (Carried Out) by the NBU in Certain Areas of Its Activity. The fees apply to services provided by the NBU to system participants, including connection to the system and processing of successful user identifications. The reinstatement of tariffs aims to ensure the system's effective development and offset maintenance costs. Since March 13, 2022, all BankID NBU services have been provided free of charge to support system functionality during martial law. Fees now apply only to commercial subscribers, banks and other legal entities providing commercial services, and do not affect individual end-users of the system. For commercial subscribers, the updated tariffs (excluding value-added tax) are: Connecting a commercial subscriber to the system: UAH18,000 (approximately €349) for a subscriber identifier and UAH14,000 (approximately €271) for a service provider subscriber. UAH10,000 (approximately €194) for connecting an additional subscriber node to the system. UAH10,000 (approximately €194) for connection to the additional services portal system. UAH0.25 for the processing of each successful confirmation of electronic remote identification between commercial subscribers. This resolution shall enter into force on the day following the date of its official publication, except for subparagraph 2 of paragraph 1, which shall enter into force on May 24, 2026, and subparagraph 1 of paragraph 1, which comes into force on June 24, 2026.
3092316 pc Apr 23, 2026 ataylor Ontario Ontario Securities Commission financial services
headline rewritten 71% of draft length open

Generated

1589 chars

Ontario Securities Commission Adopts Final Amendments to Trading Fee Caps for Marketplaces

On April 23, 2026, the Canadian Securities Administrators (CSA), the council of securities regulators across Canada's provinces and territories, announced the adoption of final amendments to National Instrument 23-101 Trading Rules and changes to Companion Policy 23-101 Trading Rules. The amendments lower the maximum fee for executing orders involving trades in securities priced at CAD $1.00 or more that are listed on both a Canadian recognized exchange and a U.S. registered national securities exchange (U.S. Inter-listed Securities). Following this change, all securities priced at CAD $1.00 or more will have an active trading fee cap of CAD $0.0017. The CSA received 10 responses to the request for comment published on January 23, 2025, and considered all feedback received before finalizing the amendments. The CSA intends to monitor the impact of the fee cap change over time and will assess whether further adjustments are required. Any future changes will be subject to public consultation. In a related initiative, the Canadian Investment Regulatory Organization published a Bulletin on Amendments Respecting Trading Increments to align Canadian trading increments for certain U.S. Inter-listed Securities with the equivalent minimum pricing increment for these securities in the U.S. The final amendments will come into force on November 2, 2026, provided all necessary ministerial approvals are obtained. A summary of comments received and responses are contained in Annex E of the notice, with copies of comment letters available at www.osc.ca and www.lautorite.qc.ca.

Agent draft

Not run yet.

Published

1126 chars · nid 92158

Canadian Securities Administrators Adopt Final Amendments to Trading Fee Caps for Marketplaces

On April 23, 2026, the Canadian Securities Administrators (CSA) announced the adoption of final amendments to National Instrument 23-101 Trading Rules and changes to Companion Policy 23-101 Trading Rules . The final amendments lower the maximum fee for executing an order involving trades in securities priced at CAD $1.00 or more, listed on both a Canadian recognized exchange and a U.S. registered national securities exchange (U.S. Inter-listed Securities). Following this change, all securities priced at CAD $1.00 or more will have an active trading fee cap of CAD $0.0017. In a related initiative, the Canadian Investment Regulatory Organization published a Bulletin Amendments Respecting Trading Increments to align Canadian trading increments for certain U.S. Inter-listed Securities with the equivalent minimum pricing increment for these securities in the U.S. The final amendments will come into force on November 2, 2026. The CSA will monitor the impact of the change in the fee cap over time and assess if further changes to the fee cap are required. Any further changes will be subject to public consultation.
3093203 pc Apr 23, 2026 pdonofrio US Track 2 Newsroom - Office of the Comptroller of the Currency (OCC) financial services
headline rewritten 70% of draft length open

Generated

1728 chars

United States Bank Regulators Finalize Changes to Community Bank Leverage Ratio

On April 23, 2026, the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve Board jointly finalized a rule modifying the community bank leverage ratio framework. The final rule was adopted without changes from the proposal issued in November 2025. The rule lowers the community bank leverage ratio requirement from nine percent to eight percent, providing community banks with greater flexibility to opt into the simplified capital adequacy framework. Additionally, the grace period for community banks that temporarily fall out of compliance has been extended from two quarters to four quarters. These changes aim to reduce regulatory burden while maintaining safety and soundness standards. The framework allows community banks to use a simpler leverage ratio measure for capital adequacy rather than calculating and reporting risk-based capital ratios. Banks adopting the framework must maintain a leverage ratio significantly higher than the standard leverage ratio otherwise applicable to community banks. The modifications take into account the unique business models and risk profiles of community banks, providing them with regulatory flexibility while preserving prudential safeguards. The final rule takes effect on July 1, 2026. Community banks should review the updated framework to determine whether opting into the simplified leverage ratio approach aligns with their operational and capital management strategies. The rule is available through the OCC's official channels. **References:** Office of the Comptroller of the Currency Newsroom, "Agencies Finalize Changes to Community Bank Leverage Ratio," News Release 2026-30 (April 23, 2026)

Agent draft

Not run yet.

Published

1205 chars · nid 92192

US Federal Banking Regulators Finalize Changes to Community Bank Leverage Ratio

On April 23, 2026, the US Federal Reserve Board (FRB), US Federal Deposit Insurance Corporation (FDIC) and US Office of the Comptroller of the Currency (OCC) jointly issued a final rule modifying the community bank leverage ratio framework. The final rule was adopted without changes from its initial proposal issued in November 2025, and lowers the community bank leverage ratio requirement from 9 percent to 8 percent, providing community banks with greater flexibility to opt into the simplified capital adequacy framework. Additionally, the final rule allows for grace period for community banks that temporarily fall out of compliance, which has been extended from two to four quarters. According to the federal regulators , these changes aim to reduce regulatory burden while maintaining safety and soundness standards, — specifically, by allowing community banks to use a simpler leverage ratio measure for capital adequacy rather than calculating and reporting risk-based capital ratios. Banks adopting the new framework must maintain a leverage ratio significantly higher than the standard leverage ratio otherwise applicable to community banks. The final rule takes effect on July 1, 2026 .
3092229 pc Apr 23, 2026 pdonofrio US Track 2 U.S. Department of the Treasury horizon scanning
headline rewritten 49% of draft length open

Generated

2073 chars

U.S. Department of the Treasury Sanctions Global Illicit Drug Supply Chain Supporting the Sinaloa Cartel

On April 23, 2026, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) designated 23 individuals and entities comprising a sophisticated synthetic opioid procurement network with ties to the Sinaloa Cartel, a designated Foreign Terrorist Organization. The designations target every stage of the opioid supply chain, from precursor chemical suppliers in Asia and India to brokers, importers, and cartel-affiliated drug traffickers in Latin America and Mexico. The sanctions address how Mexican cartels exploit international supply chains to synthesize illicit drugs from precursor chemicals, primarily imported from Asia. Chemical suppliers and brokers enable the production of highly potent synthetic opioids, including fentanyl and methamphetamine, which ultimately reach American cities. According to U.S. Department of Justice estimates, one kilogram of the precursor N-Boc-4-Piperidone yields approximately 1.83 kilograms of fentanyl, with potential to produce around 900,000 lethal doses. The designations were issued pursuant to Executive Order 14059, which targets the international proliferation of illicit drugs and their means of production, and Executive Order 13224, as amended, which targets terrorists and their supporters. The action also furthers Executive Order 14367, which designated fentanyl and its core precursor chemicals as Weapons of Mass Destruction. Designated individuals include India-based pharmaceutical chemical suppliers, Guatemala-based brokers, Mexico-based importers and precursor brokers, and Sinaloa Cartel-affiliated traffickers and chemists. The action reflects coordination among the Homeland Security Task Force, Drug Enforcement Administration, Federal Bureau of Investigation, Homeland Security Investigations, U.S. Customs and Border Protection, and Treasury's Financial Crimes Enforcement Network (FinCEN). All property and interests in property of designated persons in the United States or in U.S. possession must be blocked. Violations of U.S. sanctions may result in civil or criminal penalties.

Agent draft

Not run yet.

Published

1018 chars · nid 92155

US Office of Foreign Assets Control Sanctions Sinaloa Cartel-Linked Illicit Drug Supply Chain

On April 23, 2026, the US Office of Foreign Assets Control (OFAC) updated its Specially Designated Nationals (SDN) list to sanction 23 individuals and entities comprising an illicit drug supply chain linked to the Sinaloa Cartel, a designated Foreign Terrorist Organization (FTO). According to an OFAC news release , the new designations are designed to target every stage of this supply chain. The designations were issued pursuant to Executive Order 14059 , which targets the international proliferation of illicit drugs and their means of production, as well as Executive Order 13224 , which targets terrorists and their supporters. The designations also further Executive Order 14367 , which designatea fentanyl and its core precursor chemicals as Weapons of Mass Destruction (WMDs). All property and interests in property of the designated individuals and entities are blocked, and US individuals and entities are generally prohibited from conducting transactions with them unless expressly authorized by OFAC.
3092228 pc Apr 23, 2026 pdonofrio US Track 2 U.S. Department of the Treasury horizon scanning
headline rewritten 33% of draft length open

Generated

2232 chars

United States Treasury Sanctions Cambodian Senator and Southeast Asian Scam Center Network

On April 23, 2026, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) designated Cambodian Senator Kok An and 28 individuals and entities within his scam center network as blocked persons under Executive Order 13694, as amended. The action targets a criminal enterprise operating across Cambodia, Burma, and Laos that has defrauded millions of dollars from American victims through digital asset investment fraud schemes. Kok An controls numerous scam compounds throughout Cambodia, primarily operating from casinos and office parks retrofitted for fraudulent activity. His flagship hospitality company, Crown Resorts, owns properties in Poipet, Sihanoukville, Bavet, and other Cambodian cities that have been converted into compounds housing criminal organizations conducting digital asset investment fraud. The network employs romance and friendship scams to coerce vulnerable Americans into transferring savings in digital assets by promising high investment returns, only to steal the funds. Many individuals perpetrating these scams are themselves trafficking victims forced to commit unlawful acts under threat of violence. OFAC also designated Kok An's business conglomerate, Anco Brothers Co Ltd, and multiple companies owned by his associates, including Rithy Raksmei, Aik Paung, and Sai Aung Linn, who operate additional scam compounds and provide infrastructure supporting cyber-enabled fraud. The Treasury estimates Americans lost at least $10 billion in 2024 to Southeast Asia-based scam operations, representing a 66 percent increase over the prior year. This action coordinates with the Scam Center Strike Force, involving the U.S. Attorney's Office for the District of Columbia, Department of Justice Criminal Division, Federal Bureau of Investigation, and U.S. Secret Service. Concurrent enforcement actions include criminal charges against two individuals, seizure of a social media messaging app used for human trafficking recruitment, and seizure of 503 fraudulent web domains. All property and interests in property of designated persons within the United States or controlled by U.S. persons are blocked, and violations of these sanctions may result in civil or criminal penalties.

Agent draft

Not run yet.

Published

735 chars · nid 92153

US Office of Foreign Assets Control Sanctions Cambodian Senator and Southeast Asian Scam Center Network

On April 23, 2026, the US Office of Foreign Assets Control (OFAC) updated its Specially Designated Nationals (SDN) list to sanction Cambodian Senator Kok An and 28 individuals and entities within his scam center network, under Executive Order 13694 . According to an OFAC news release , the new designations are designed to target a criminal enterprise operating across Cambodia, Myanmar and Laos that has defrauded millions of dollars from American victims through digital asset investment fraud schemes. All property and interests in property of the designated individuals and entities are blocked, and US individuals and entities are generally prohibited from conducting transactions with them unless expressly authorized by OFAC.
3091885 gc Apr 23, 2026 mschanke Canada Financial Transactions and Reports Analysis Centre of Canada gamblingcompliance
headline rewritten 74% of draft length open

Generated

1834 chars

Canada's Financial Intelligence Unit Publishes Money Laundering Indicators Related to Extortion

On April 23, 2026, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) published a Special Bulletin on money laundering associated with extortion directed at Canada's South Asian diaspora. The bulletin is designed to assist businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act in detecting extortion and reporting suspicious transactions and listed person or entity property reports to FINTRAC. Extortion poses a significant threat to Canadian communities and generates substantial profits for organized crime that are often laundered through the financial system. Since the beginning of 2026, FINTRAC has generated more than 100 financial intelligence disclosures related to extortion for law enforcement agencies across Canada, exceeding the number of extortion-related disclosures in the past two years combined. These disclosures have identified more than 300 subjects and included over 63,000 financial transactions. FINTRAC is supporting the Government of Canada's broader fight against extortion through its Countering Extortion Partnership, which includes deploying financial intelligence officers on the ground to engage with law enforcement agencies and sharing extortion-related trends and typologies with major banks and credit unions. The Centre has increased dedicated resources focused on generating timely and actionable financial intelligence for law enforcement to support investigations into criminal networks. In 2024–25, FINTRAC generated 6,236 financial intelligence disclosure packages in support of investigations into money laundering, terrorist financing, sanctions evasion and threats to Canadian security. Businesses subject to the act can report suspicious transactions related to extortion to FINTRAC through established reporting channels.

Agent draft

Not run yet.

Published

1352 chars · nid 50908

Canada financial intelligence unit publishes special bulletin on money laundering indicators related to extortion

On April 23, 2026, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) published a special bulletin on money laundering associated with extortion directed at Canada's South Asian diaspora. The bulletin provides current insights into financial activities related to extortion and targeted violence targeting Canada’s South Asian diaspora communities across Canada, particularly in British Columbia, Alberta, Manitoba, and Ontario. According to a press release, the news media is reporting an increase in extortion attempts, shootings, arson attacks and cross-border criminal networks, as well as the involvement of foreign nationals, including organized crime groups with links to India. The bulletin is designed to assist businesses subject to the Proceeds of Crime (Money Laundering) and Terrorist Financing Act in detecting extortion and reporting suspicious transactions and listed person or entity property reports to FINTRAC. Furthermore, according to the bulletin, suspicious transaction reporting pertaining to extortion within South Asian communities suggests money laundering and, potentially, terrorist activity financing abuse across financial entity categories, including financial institutions such as banks and credit unions, money services businesses, including those dealing in virtual currencies, and casinos.
3090928 pc Apr 23, 2026 pthandapani Taiwan The Executive Yuan Gazette Online horizon scanning
headline rewritten 90% of draft length open

Generated

1257 chars

Taiwan's Financial Supervisory Commission Updates Securities Investment Rules for Overseas Compatriots and Foreign Nationals

On April 23, 2026, Taiwan's Financial Supervisory Commission (FSC) issued an order stipulating rules regarding Articles 17 and 18 of the "Regulations Governing Investment in Securities by Overseas Compatriots and Foreign Nationals." The regulation formerly carried the title "Regulations Governing Investment in Securities by Overseas Chinese and Foreign Nationals." The FSC's order addresses specific provisions within the regulations that govern how overseas compatriots and foreign nationals may invest in Taiwan's securities markets. Articles 17 and 18 establish the framework and requirements for these investment activities. The updated rules reflect the FSC's regulatory approach to managing cross-border securities investment and ensuring compliance with Taiwan's capital market regulations. The order became effective on April 23, 2026. Market participants, including overseas investors and domestic financial institutions facilitating such investments, should ensure compliance with the updated provisions outlined in Articles 17 and 18 of the regulations. For further information, the FSC can be contacted at +886(2)23924146 or via email at [email protected]. The FSC is located at 6F, No.2-2, Section 1, Jinan Road, Taipei City 10051, Taiwan.

Agent draft

Not run yet.

Published

1132 chars · nid 92151

Taiwanese Financial Supervisory Commission Updates Securities Investment Rules for Overseas Chinese and Foreign Nationals

The Taiwanese Financial Supervisory Commission (FSC) has issued amendments to its regulations on the management of foreign exchange accounts for overseas Chinese and foreign investors investing in domestic securities. The amendments prescribe: Account opening procedures including a mandate that investors designate a domestic securities firm or financial institution as an agent to open foreign exchange deposit accounts in the name of a custodial institution's trust account. Reporting and monitoring requirements including a mandate that custodial institutions report the previous day's fund movements to foreign exchange authorities daily and submit monthly balance and movement data to both the authorities and the Stock Exchange. Fund classification rules stating that deposits in these foreign exchange accounts are not to be counted as part of the remitted principal. Dividend handling protocols which permit designated custodial institutions to receive foreign currency cash dividends on behalf of investors and remit them to either domestic or overseas foreign exchange accounts. The amendments take immediate effect
3084924 pc Apr 23, 2026 pthandapani Taiwan Financial Supervisory Commission - Banking Bureau financial services
headline rewritten 129% of draft length open

Generated

1713 chars

Taiwan's Financial Supervisory Commission Proposes Relaxing Shareholder and Director Requirements for Pure Online Banks

On April 21, 2026, Taiwan's Financial Supervisory Commission (FSC) announced proposed amendments to Article 18-1 of the Commercial Bank Establishment Standards to relax ownership and governance requirements for pure online banks (POBs) after three years of operation. The FSC is modifying restrictions on financial institution shareholder holdings and adjusting professional director requirements for POBs. Currently, the Commercial Bank Establishment Standards impose strict equity structure, director qualification, and director number requirements for POBs at establishment to ensure adequate understanding and compliance with financial regulatory standards during their initial phase. The FSC determined that after three years of actual operations, POBs will have achieved mature and stable internal controls, compliance procedures, and board governance functions. The proposed amendments aim to allow POBs to introduce diverse shareholders and strengthen capital reserves according to operational development needs, while promoting innovation in digital financial services. The relaxation is intended to balance financial professional management capabilities with innovation development objectives. The proposed amendments will be published in the Executive Yuan Gazette and on the FSC website. Stakeholders may submit comments within 30 days of publication through the FSC's "Regulatory Query System" draft announcement webpage. The FSC will conduct a formal regulatory announcement procedure in accordance with the Administrative Procedure Act to solicit public input before finalisation. The contact unit is the FSC Banking Bureau's Trust, Securities and Payments Division, reachable at (02)8968-9763.

Agent draft

Not run yet.

Published

2204 chars · nid 92150

Taiwanese Financial Supervisory Commission Proposes Relaxing Shareholder and Director Requirements for Online Banks

The Taiwanese Financial Supervisory Commission (FSC) has announced that it will issue a draft amendment to Article 18-1 of the Standards for the Establishment of Commercial Banks which is states will relax shareholder and director requirements for internet-only banks. The draft amendment will prescribe: Definition and operational scope including defining internet-only banks as institutions providing financial services primarily through internet or electronic channels and strictly limiting their physical presence to a head office and a customer service center, without standard physical branches. Initial capital and shareholder requirements including a mandate that the minimum paid-in capital must be fully subscribed by promoters without public offering initially. At the outset, financial industry promoters must hold a combined total of at least 40 percent of the shares, with a single bank or financial holding company holding over 25percent. Non-financial promoters with proven expertise in fintech, e-commerce, or telecommunications may hold over 10percent. Business plan and exit strategy obligations including requiring the submission of a business plan that details customer identification mechanisms, IT security and business continuity procedures, an audit-certified five-year IT budget, liquidity management, and a comprehensive market exit plan outlining customer refund procedures and funding sources. Post-three-year shareholding relaxation including a new provision that allows internet-only banks, after three years of operation, to bypass the 40% minimum shareholding restriction for financial industry shareholders, facilitating the introduction of diverse shareholders and capital to support digital innovation. Board of directors qualifications including adjusting governance rules after the three-year mark to align director numbers and qualifications with standard bank responsible person regulations , while maintaining a strict mandate that at least one director must possess over five years of high-level professional experience in Fintech, e-commerce, or telecommunications. The FSC states that the amendment will be published for feedback in the gazette shortly.
3091777 pc Apr 23, 2026 adavies European Union European Banking Authority financial services
headline kept 90% of draft length open

Generated

1809 chars

European Banking Authority Issues Opinion on European Commission Amendments to Operational Risk Regulatory Technical Standards

On 22 April 2026, the European Banking Authority (EBA) submitted a formal Opinion to the European Commission regarding proposed amendments to draft Regulatory Technical Standards (RTS) specifying operational risk requirements under the Capital Requirements Regulation (CRR). The Opinion was adopted by the EBA's Board of Supervisors in response to the Commission's intention to endorse the draft RTS with amendments, as communicated on 2 March 2026. The EBA's Opinion identifies two amendments that could affect the consistency, transparency and supervisory effectiveness of capital requirements for operational risk. The first amendment would permit institutions to combine the accounting approach (AA) and prudential boundary approach (PBA) for calculating the financial component of the business indicator. The EBA considers that requiring a single approach would preserve framework coherence, as combined use is not envisaged in the Basel standard and may increase complexity, create inconsistencies across risk frameworks, and facilitate regulatory arbitrage. The second amendment proposes limiting notification obligations to competent authorities to material changes in the scope of the PBA when used with the AA. The EBA contends this could weaken supervisory effectiveness by introducing institution-specific materiality judgments and complicating supervisory reviews. The EBA supports other proposed amendments that improve readability and legal certainty. Should the Commission proceed with the two contested amendments, the EBA's Opinion provides minor drafting suggestions in its annex. The RTS address operational risk requirements under Articles 314(6), 315(3), 316(3), 317(9), and 321(3) of Regulation (EU) 575/2013, following the EBA's submission of final draft RTS in June and August 2025.

Agent draft

Not run yet.

Published

1626 chars · nid 92149

European Banking Authority Issues Opinion on European Commission Amendments to Operational Risk Regulatory Technical Standards

On April 22, 2026, the European Banking Authority (EBA) submitted a formal opinion to the European Commission regarding proposed amendments to draft Regulatory Technical Standards (RTS) specifying operational risk requirements under Regulation (EU) No. 575/2013 (Capital Requirements Regulation). The opinion was adopted by the EBA's Board of Supervisors in response to the commission's intention to endorse the draft RTS with amendments, as communicated on March 2, 2026. The EBA's opinion identifies two amendments that could affect the consistency, transparency and supervisory effectiveness of capital requirements for operational risk. The first amendment would permit institutions to combine the accounting approach (AA) and prudential boundary approach (PBA) for calculating the financial component of the business indicator. The EBA considers that requiring a single approach would preserve framework coherence, as combined use is not envisaged in the Basel standard and may increase complexity, create inconsistencies across risk frameworks and facilitate regulatory arbitrage. The second amendment proposes limiting notification obligations to competent authorities to material changes in the scope of the PBA when used with the AA. The EBA contends this could weaken supervisory effectiveness by introducing institution-specific materiality judgements and complicating supervisory reviews. The EBA supports other proposed amendments that improve readability and legal certainty. Should the commission proceed with the two contested amendments, the EBA's opinion provides minor drafting suggestions in its annex.
3091775 pc Apr 23, 2026 adavies European Union European Banking Authority financial services
headline rewritten 73% of draft length open

Generated

2076 chars

European Commission Intends to Adopt Amended Regulatory Technical Standards on Operational Risk Business Indicator Components

On 1 March 2026, the European Commission informed the European Banking Authority (EBA) of its intention to adopt with amendments the draft Regulatory Technical Standards (RTS) supplementing Regulation (EU) No 575/2013 (Capital Requirements Regulation) regarding the components of the business indicator under Article 314(9)(a) of the CRR. The EBA originally submitted the draft RTS on 16 June 2025, which specified which items should be considered within business indicator components, including the interest, leases and dividend component, the services component, and the financial component. The Commission identified that the draft RTS imposed an excessively rigid approach to the prudential boundary approach (PBA)—an alternative calculation method for the financial component—by requiring its application across an entire bank's balance sheet. This would have significantly curtailed the PBA's applicability, contradicting the CRR's original objective. The Commission's amendments aim to enable more flexible use of the PBA for specific portfolios where the accounting-based approach would be disproportionate. Key changes include modifications to Article 12 of the draft RTS, which specifies the PBA's scope of application, and limited adjustments to Article 9, which sets conditions for assessing the appropriateness of PBA use. These amendments seek to balance allowing banks to exercise the PBA option while ensuring supervisors can assess its appropriateness. The EBA has six weeks from 1 March 2026 to amend the draft RTS based on the Commission's proposed amendments and resubmit it as a formal opinion. If the EBA does not submit an amended draft or submits one inconsistent with the Commission's proposals by the deadline, the Commission may adopt the RTS with its amendments or reject it entirely. REFERENCES: European Commission Directorate-General for Financial Stability, Financial Services and Capital Markets Union. Letter from John Berrigan to Helmut Ettl, Acting Chair, European Banking Authority. 1 March 2026. Reference: fisma.d.1(2026)2342012/AG.

Agent draft

Not run yet.

Published

1516 chars · nid 92148

European Banking Authority Publishes European Commission's Letter on Draft Regulatory Technical Standards on the Business Risk Indicator

On April 23, 2026, the European Banking Authority (EBA) published a letter from the European Commission stating its intention to adopt with amendments the draft Regulatory Technical Standards (RTS) supplementing Regulation (EU) No. 575/2013 (Capital Requirements Regulation - CRR) regarding the components of the business indicator under Article 314(9)(a) of the CRR. The EBA originally submitted the draft RTS on June 16, 2025, which specified which items should be considered within business indicator components, including the interest, leases and dividend component, the services component and the financial component. The commission identified that the draft RTS imposed an excessively rigid approach to the prudential boundary approach (PBA), an alternative calculation method for the financial component, by requiring its application across an entire bank's balance sheet. This would have significantly curtailed the PBA's applicability, contradicting the CRR's original objective. The commission's amendments aim to enable more flexible use of the PBA for specific portfolios where the accounting-based approach would be disproportionate. Key changes include modifications to Article 12 of the draft RTS, which specifies the PBA's scope of application, and limited adjustments to Article 9, which sets conditions for assessing the appropriateness of PBA use. The EBA has six weeks from March 1, 2026 to amend the draft RTS based on the commission's proposed amendments and resubmit it as a formal opinion.
3091562 pc Apr 23, 2026 csoo United Kingdom Bank of England horizon scanning
headline rewritten 272% of draft length open

Generated

1903 chars

United Kingdom's Bank of England Launches Low Impact Amendments Consultation April 2026

On 23 April 2026, the Bank of England's Prudential Regulation Authority (PRA) published LIAC01/26, a consultation on low impact amendments to its rulebook and policy statements. The consultation proposes six distinct amendments across prudential regulation affecting Capital Requirements Regulation (CRR) firms, insurers, and systemically important institutions. The proposals include: clarifying that firms must apply proportional consolidation when a participation arises from voting rights, not just share of capital, in the Groups Part of the PRA Rulebook; making consequential amendments to remove references to additional own funds requirements under the Capital Requirements Regulations 2013 and replacing them with references to 'Pillar 2A requirement' following the revocation of relevant provisions on 1 January 2027; amending the UK Technical Standard on countercyclical capital buffer rates to ensure continued operation following Basel 3.1 implementation; changing the frequency of other systemically important institutions (O-SII) designation exercises from annual to biannual assessments while maintaining annual O-SII buffer setting; amending the definition of firms in scope of the O-SII buffer to include UK deposit-takers with more than £35 billion in core deposits and less than 10 percent trading assets; and reducing the frequency of updates to PRA relevant currencies and depth, liquidity and transparency assessments for Solvency II technical information from annual to triennial cycles. The consultation period closes on 21 May 2026. Responses should be submitted to LIAP@bankofengland.co.uk. Proposed implementation dates vary, ranging from July 2026 to 1 January 2027. Respondents should confirm whether they are responding as individuals or on behalf of organisations and indicate any potential impacts on persons with protected characteristics under the Equality Act 2010.

Agent draft

Not run yet.

Published

5184 chars · nid 92145

UK's Prudential Regulation Authority Consults on Low Impact Amendments

On April 23 2026, the Prudential Regulation Authority (PRA) published its low-impact amendments consultation (LIAC01/26), on low-impact amendments to its rulebook and policy statements. The consultation proposes six distinct amendments across prudential regulation. Specific draft amendments are linked in each title: Amendments to the Groups Part of the PRA Rulebook Proposed implementation date: July 2026 The PRA proposes amending its rules to clarify that a firm must apply proportional consolidation when a participation arises as a result of its voting rights, not just its share of capital. Amendments to the Groups Part of the PRA Rulebook Proposed implementation date: July 2026 The PRA proposes amending its rules to clarify that a firm must apply proportional consolidation when a participation arises as a result of its voting rights, not just its share of capital. Consequential amendments to a collection of PRA rules relating to the Capital Requirements Regulations 2013 Proposed implementation date: January 1, 2027 The PRA proposes to remove references to additional own funds requirements under the Capital Requirements Regulations 2013 (SI 2013/3115) (the ‘Capital Requirements Regulations’) and replace them with references to ‘Pillar 2A requirement. Consequential amendments to a collection of PRA rules relating to the Capital Requirements Regulations 2013 Proposed implementation date: January 1, 2027 The PRA proposes to remove references to additional own funds requirements under the Capital Requirements Regulations 2013 (SI 2013/3115) (the ‘Capital Requirements Regulations’) and replace them with references to ‘Pillar 2A requirement. Amendments to the Countercyclical Capital Buffer Rates UK Technical Standard Proposed implementation date: January 1, 2027 The PRA proposes a number of miscellaneous low impact amendments to the UK Technical Standard on the identification of the geographical location of the relevant credit exposures for calculating institution-specific countercyclical capital buffer rates (the UKTS). Amendments to the Countercyclical Capital Buffer Rates UK Technical Standard Proposed implementation date: January 1, 2027 The PRA proposes a number of miscellaneous low impact amendments to the UK Technical Standard on the identification of the geographical location of the relevant credit exposures for calculating institution-specific countercyclical capital buffer rates (the UKTS). Amendment to the frequency of the O-SII designation exercise in SoP1/16 – The PRA’s approach to identifying other systemically important institutions (O-SIIs) Proposed implementation date: November 1, 2026 The PRA proposes to amend paragraph 5.1 of statement of policy (SoP) 1/16 – PRA’s approach to identifying other systemically important institutions (O-SIIs) to change the frequency of the other systemically important institutions (O-SII) designation exercise from an annual assessment to one that takes place at least once every two years. Amendment to the frequency of the O-SII designation exercise in SoP1/16 – The PRA’s approach to identifying other systemically important institutions (O-SIIs) Proposed implementation date: November 1, 2026 The PRA proposes to amend paragraph 5.1 of statement of policy (SoP) 1/16 – PRA’s approach to identifying other systemically important institutions (O-SIIs) to change the frequency of the other systemically important institutions (O-SII) designation exercise from an annual assessment to one that takes place at least once every two years. Amendments to the definition of firms in scope of the O-SII buffer in SoP1/16 and SoP4/16 Proposed implementation date: July 2026 On 31 July 2025, the Capital Buffers Regulations came into force. These restated the Capital Requirements (Capital Buffers and Macro-prudential) Regulations 2014 with some amendments, which included changes to the definition of the O-SII buffer scope. Amendments to the definition of firms in scope of the O-SII buffer in SoP1/16 and SoP4/16 Proposed implementation date: July 2026 On 31 July 2025, the Capital Buffers Regulations came into force. These restated the Capital Requirements (Capital Buffers and Macro-prudential) Regulations 2014 with some amendments, which included changes to the definition of the O-SII buffer scope. Amendments to SoP1/20 – The PRA’s approach to the publication of Solvency II technical information Proposed implementation date: July 2026 The PRA is proposing to make two changes to SoP1/20: The PRA proposes to also reduce the depth, liquidity and transparency (DLT) assessment publication and 'technical information' publication frequency to once every three years. Amendments to SoP1/20 – The PRA’s approach to the publication of Solvency II technical information Proposed implementation date: July 2026 The PRA is proposing to make two changes to SoP1/20: The PRA proposes to also reduce the depth, liquidity and transparency (DLT) assessment publication and 'technical information' publication frequency to once every three years. The PRA is inviting comments from firms on any of the above proposals through email to LIAP@bankofengland.co.uk by May 21, 2026.
3088223 pc Apr 23, 2026 pthandapani India Reserve Bank of India horizon scanning
headline rewritten 189% of draft length open

Generated

1302 chars

India's Reserve Bank Releases Draft Master Direction on Prepaid Payment Instruments

On April 22, 2026, the Reserve Bank of India (RBI) released a draft Master Direction on Prepaid Payment Instruments (PPIs), 2026. The draft direction represents a comprehensive review of existing guidelines on PPIs and forms part of the RBI's broader efforts to develop a conducive regulatory framework for the long-term growth of PPIs while enhancing transaction security. The draft Master Direction aims to modernise the regulatory approach to prepaid payment instruments in India. By consolidating and updating existing guidance, the RBI seeks to provide clarity to regulated entities and market participants on compliance requirements, security standards, and operational procedures governing PPIs. The direction is intended to support the continued development of the prepaid payments sector while maintaining robust safeguards for consumers and the financial system. Regulated entities, members of the public, and other stakeholders are invited to submit comments and feedback on the draft direction through the RBI's "Connect 2 Regulate" section on its website. The comment period closes on May 22, 2026. Responses should be submitted via the hyperlink provided on the page where the draft direction is hosted. **Reference:** Reserve Bank of India Press Release 2026-2027/124 (April 22, 2026)

Agent draft

Not run yet.

Published

2466 chars · nid 92144

Reserve Bank of India Seeks Feedback on Draft Master Direction on Prepaid Payment Instruments

The Reserve Bank of India (RBI) is seeking feedback on its draft master direction on prepaid payment instruments (PPIs) which it states is aimed at enhancing the security and growth of the digital payments ecosystem. The draft directions prescribe: Authorisation and capital requirements including a mandate that non-bank entities be incorporated in India with a minimum starting net-worth of INR50m (US$531,000), which must increase to INR150m (US$1.59m) by the end of the third financial year of operations. Governance and "fit and proper" criteria including stringent integrity and reputation checks for promoters and directors, and a requirement for non-bank issuers to obtain prior RBI approval for any change in management or control. Customer due diligence (CDD) standards including a tiered approach for general purpose PPIs (full-KYC and small PPIs), where small PPIs are subject to a INR10,000 (US$106) monthly limit and a two-year maximum validity period before mandatory conversion to Full-KYC. Issuance and loading protocols including a ban on paper-based vouchers and interest payments on balances, while permitting loading via bank accounts, other PPIs, and cash (up to INR10,000 monthly for general purpose PPIs). Special purpose PPI classifications including specific regulatory frameworks for gift PPIs (max value INR10,000, non-reloadable), transit PPIs (max value INR3,000 (US$31) for public transport), and "UPI One World" wallets for foreign nationals visiting India. Interoperability and technical mandates including the requirement for full-KYC PPI issuers to facilitate interoperability through card networks or UPI, and the provision for PPI discovery on third-party UPI applications. Escrow account management including a mandate for non-bank issuers to maintain all client funds in a separate escrow account with a scheduled commercial bank, ensuring day-end balances never fall below the value of outstanding PPIs. Customer protection and grievance redressal including the implementation of a public dispute management framework, adherence to "turn around time" (TAT) for failed transactions, and access to the integrated ombudsman scheme. Reporting and audit obligations including monthly statistical submissions, quarterly auditor certificates on escrow balances, and annual submissions of audited net-worth and cyber security audit reports. Feedback may be submitted via the RBI's Connect2Regulate platform by May 22, 2026.
3089493 pc Apr 23, 2026 tojuri International Financial Action Task Force horizon scanning
headline kept 76% of draft length open

Generated

1931 chars

Financial Action Task Force Publishes Italy's Anti-Money Laundering and Counter-Terrorist Financing Mutual Evaluation Report

On 23 April 2026, the Financial Action Task Force (FATF) published its mutual evaluation report assessing Italy's anti-money laundering, counter-terrorist financing and proliferation financing (AML/CFT/CPF) measures. The assessment evaluated Italy's compliance with FATF Recommendations based on an on-site visit conducted between June and July 2025. The report found that Italy maintains a comprehensive whole-of-government approach to combating illicit finance, with sophisticated coordination mechanisms enabling operational agencies to share information, resources and conduct joint investigations, particularly for complex money laundering cases involving organised crime. Italy's law enforcement authorities demonstrated strong asset recovery capabilities, confiscating over EUR 7 billion during the evaluation period. The Unità di Informazione Finanziaria plays a central role in receiving, analysing and disseminating financial intelligence, contributing to the disruption of complex laundering schemes and identification of criminal proceeds. However, the assessment identified key areas requiring improvement. Italy must address limitations in access to beneficial ownership information and enhance sanctions for breaches of business register obligations. The report noted that Designated Non-Financial Businesses and Professions require better understanding of money laundering risks, and that Italy must ensure new terrorist financing targeted financial sanctions designations are systematically implemented without delay by all natural and legal persons. Based on effectiveness and technical compliance ratings, Italy is placed in regular follow-up. The country received a roadmap of Key Recommended Actions to complete within three years and will report progress to the FATF accordingly. **Reference:** Financial Action Task Force, Mutual Evaluation Report of Italy – 2026, available at https://www.fatf-gafi.org/

Agent draft

Not run yet.

Published

1473 chars · nid 92143

Financial Action Task Force Publishes Italy's Anti-Money Laundering and Counter-Terrorist Financing Mutual Evaluation Report

On April 23, 2026, the Financial Action Task Force (FATF) published its mutual evaluation report assessing Italy's anti-money laundering, counter-terrorist financing and proliferation financing (AML/CFT/CPF) measures. The assessment evaluated Italy's compliance with FATF Recommendations based on an on-site visit conducted between June and July 2025. The report found that Italy maintains a comprehensive whole-of-government approach to combating illicit finance, with sophisticated coordination mechanisms enabling operational agencies to share information, resources and conduct joint investigations, particularly for complex money laundering cases involving organised crime. Italy's law enforcement authorities demonstrated strong asset recovery capabilities, confiscating more than €7bn during the evaluation period. However, the assessment identified key areas requiring improvement. Italy must address limitations in access to beneficial ownership information and enhance sanctions for breaches of business register obligations. Based on effectiveness and technical compliance ratings, Italy is placed in regular follow-up and will report progress to FATF accordingly. Italy received a roadmap of key recommended actions to complete within three years, which includes ensuring that designated non-financial businesses and professions require better understanding of money laundering risks and addressing limitations to access to beneficial ownership information.
3091270 pc Apr 23, 2026 tojuri Netherlands Official Gazette horizon scanning
headline kept 74% of draft length open

Generated

1996 chars

Netherlands Implements Modified Alternative Investment Fund Managers and Undertakings for Collective Investment Directives

On March 19, 2026, the Netherlands enacted legislation implementing European Union Directive 2024/927, which amends Directives 2011/61/EU (Alternative Investment Fund Managers Directive) and 2009/65/EG (Undertakings for Collective Investment in Transferable Securities Directive). The law, formally titled the Implementatiewet gewijzigde AIFM-richtlijn en icbe-richtlijn, introduces comprehensive amendments to the Dutch Financial Supervision Act (Wet op het financieel toezicht). The legislation establishes new regulatory requirements for investment fund managers and collective investment undertakings across several key areas. It introduces definitions and rules for loan-initiating investment funds and loan-initiating fund managers, establishing specific governance and risk management requirements for managers engaging in loan origination activities. The law implements enhanced liquidity risk management provisions, requiring managers to select multiple liquidity management instruments aligned with fund investment strategies and redemption policies. The amendments strengthen anti-money laundering and counter-terrorism financing controls by incorporating references to the Fourth Anti-Money Laundering Directive (2015/849/EU) and OECD Model Tax Convention standards. These provisions require managers and investment funds to be established in jurisdictions not identified as high-risk and that have information-exchange agreements with the Netherlands. The legislation grants the Authority for Financial Markets (Autoriteit Financiële Markten) and the Dutch Central Bank (Nederlandsche Bank) expanded supervisory powers, including authority to request additional data for financial stability purposes and to impose suspension of fund subscriptions, redemptions, and purchases when necessary to protect investors or financial stability. The law entered into force on a date to be determined by royal decree, with provisions allowing different effective dates for specific articles.

Agent draft

Not run yet.

Published

1483 chars · nid 92142

Netherlands Implements Modified Alternative Investment Fund Managers and Undertakings for Collective Investment Directives

The Netherlands has passed and officially published the Implementation Act of the Amended AIFM Directive and UCITS Directive. The law introduces comprehensive amendments to the Financial Supervision Act in order to implement Directive (EU) 2024/927, which amends Directives 2011/61/EU (Alternative Investment Fund Managers Directive) and 2009/65/EG (Undertakings for Collective Investment in Transferable Securities Directive). The law establishes new regulatory requirements for investment fund managers and collective investment undertakings across several key areas. It introduces definitions and rules for loan-initiating investment funds and loan-initiating fund managers, establishing specific governance and risk management requirements for managers engaging in loan origination activities. The law also implements enhanced liquidity risk management provisions, requiring managers to select multiple liquidity management instruments aligned with fund investment strategies and redemption policies. The law grants the Dutch Authority for Financial Markets and the Dutch Central Bank expanded supervisory powers, including authority to request additional data for financial stability purposes and to impose suspension of fund subscriptions, redemptions and purchases when necessary to protect investors or financial stability. The law will enter into force on a date to be determined by royal decree, with provisions allowing different effective dates for specific articles.
3091264 pc Apr 23, 2026 tojuri Netherlands Official Gazette horizon scanning
headline kept 100% of draft length open

Generated

2258 chars

Netherlands Implements Crypto-Asset Reporting Framework Collection and Verification Requirements for Tax Authorities

On April 20, 2026, the Netherlands issued the Implementation Decree on Collection and Verification Requirements for Reporting Crypto-Asset Service Providers (Uitvoeringsbesluit verzamel- en verificatievereisten voor rapporterende aanbieders van cryptoactivadiensten), which entered into force retroactively from January 1, 2026. The decree implements European Union Directive 2023/2226 and the Organisation for Economic Co-operation and Development (OECD) Crypto-Asset Reporting Framework (CARF) into Dutch tax law. It establishes mandatory collection and verification procedures for crypto-asset service providers operating in the Netherlands to facilitate automatic exchange of tax information with EU member states and non-EU jurisdictions that have concluded adequate information-sharing agreements with the Netherlands. Reporting crypto-asset service providers must obtain self-declarations from users containing personal identification data, tax residency information, and tax identification numbers. For existing users with relationships established by December 31, 2025, providers must obtain declarations by January 1, 2027. Providers must verify the reasonableness of declarations against customer due diligence documentation and identify ultimate beneficial owners of entity users. When circumstances change suggesting declarations are inaccurate, providers have a 90-day transition period to obtain updated information before reporting to multiple jurisdictions. Providers must maintain comprehensive records documenting collection and verification steps for seven years following each reporting period. Users who fail to provide required information after two reminders and 60 days from initial request will be prevented from executing reportable transactions. The decree applies to all reporting crypto-asset service providers in the Netherlands and affects both domestic and cross-border crypto transactions. The European Commission estimates implementation costs between €20.8 million and €25.4 million for Netherlands-based providers initially, with ongoing annual costs between €1.8 million and €2.2 million. REFERENCES: Staatsblad 2026, 93 (Official Gazette of the Netherlands) https://zoek.officielebekendmakingen.nl/stb-2026-93.html

Agent draft

Not run yet.

Published

2258 chars · nid 92141

Netherlands Implements Crypto-Asset Reporting Framework Collection and Verification Requirements for Tax Authorities

On April 20, 2026, the Netherlands issued the Implementation Decree on Collection and Verification Requirements for Reporting Crypto-Asset Service Providers (Uitvoeringsbesluit verzamel- en verificatievereisten voor rapporterende aanbieders van cryptoactivadiensten), which entered into force retroactively from January 1, 2026. The decree implements European Union Directive 2023/2226 and the Organisation for Economic Co-operation and Development (OECD) Crypto-Asset Reporting Framework (CARF) into Dutch tax law. It establishes mandatory collection and verification procedures for crypto-asset service providers operating in the Netherlands to facilitate automatic exchange of tax information with EU member states and non-EU jurisdictions that have concluded adequate information-sharing agreements with the Netherlands. Reporting crypto-asset service providers must obtain self-declarations from users containing personal identification data, tax residency information, and tax identification numbers. For existing users with relationships established by December 31, 2025, providers must obtain declarations by January 1, 2027. Providers must verify the reasonableness of declarations against customer due diligence documentation and identify ultimate beneficial owners of entity users. When circumstances change suggesting declarations are inaccurate, providers have a 90-day transition period to obtain updated information before reporting to multiple jurisdictions. Providers must maintain comprehensive records documenting collection and verification steps for seven years following each reporting period. Users who fail to provide required information after two reminders and 60 days from initial request will be prevented from executing reportable transactions. The decree applies to all reporting crypto-asset service providers in the Netherlands and affects both domestic and cross-border crypto transactions. The European Commission estimates implementation costs between €20.8 million and €25.4 million for Netherlands-based providers initially, with ongoing annual costs between €1.8 million and €2.2 million. REFERENCES: Staatsblad 2026, 93 (Official Gazette of the Netherlands) https://zoek.officielebekendmakingen.nl/stb-2026-93.html
3091251 pc Apr 23, 2026 tojuri Netherlands Dutch Authority for the Financial Markets horizon scanning
headline kept 70% of draft length open

Generated

1976 chars

Dutch Authority for the Financial Markets Publishes Digital Accessibility Expectations and Launches Compliance Review

On April 23, 2026, the Dutch Authority for the Financial Markets (AFM) published its third European Accessibility Act (EAA) update, setting expectations for financial institutions regarding digital accessibility and announcing a compliance review. The AFM expects financial institutions to identify accessibility risks in their digital services and implement improvements that comply with Web Content Accessibility Guidelines (WCAG) criteria. Financial institutions must establish processes to ensure and monitor the accessibility of their websites, applications, and digital services. The WCAG framework defines three conformity levels: A (minimum), AA, and AAA (maximum). Under the EAA, financial institutions must comply with levels A and AA. The AFM's third EAA update provides practical guidance, including involving people with disabilities in the design phase of digital services. The AFM has noted that many financial institutions have submitted non-conformity notifications, demonstrating commitment to improving accessibility. However, the AFM observed that these notifications often lack specificity, making it difficult to assess the precise nature and location of accessibility problems. The third EAA update includes clarified instructions for completing the EAA notification form to address this issue. During the coming quarter, the AFM will conduct a compliance review examining the extent to which financial institutions' websites meet WCAG criteria, with particular focus on level-A criteria. The review will prioritise sectors and services most frequently used by consumers. Financial institutions may be contacted if non-compliance is identified. The update applies to advisers, intermediaries, banks, investment firms, pension administrators, credit providers, and insurers. REFERENCES: Dutch Authority for the Financial Markets (AFM), "EAA update 3 - AFM start nalevingsonderzoek en benadrukt belang van een duidelijke EAA-melding" (April 23, 2026)

Agent draft

Not run yet.

Published

1391 chars · nid 92140

Dutch Authority for the Financial Markets Publishes Digital Accessibility Expectations and Launches Compliance Review

On April 23, 2026, the Dutch Authority for the Financial Markets (AFM) published its third European Accessibility Act ( Directive (EU) 2019/882 - EAA) update, setting expectations for financial institutions regarding digital accessibility and announcing a compliance review. The AFM expects financial institutions to identify accessibility risks in their digital services and implement improvements that comply with Web Content Accessibility Guidelines (WCAG) criteria. Financial institutions must establish processes to ensure and monitor the accessibility of their websites, applications and digital services. The WCAG framework defines three conformity levels: A (minimum); AA; and AAA (maximum). Under the EAA, financial institutions must comply with levels A and AA. The AFM has noted that many financial institutions have submitted non-conformity notifications, as required under the EEA, demonstrating commitment to improving accessibility. However, the AFM observed that these notifications often lack specificity, making it difficult to assess the precise nature and location of accessibility problems. During the coming quarter, the AFM will conduct a compliance review examining the extent to which financial institutions' websites meet WCAG criteria, with particular focus on level-A criteria. The review will prioritise sectors and services most frequently used by consumers.
3091249 pc Apr 23, 2026 tojuri Luxembourg Publications and data – CSSF horizon scanning
headline rewritten 77% of draft length open

Generated

1794 chars

Luxembourg's CSSF Makes eDesk Portal Available for Cross-Border Investment Fund Manager Notifications

On 22 April 2026, the Commission de Surveillance du Secteur Financier (CSSF) announced that the eDesk module for cross-border management notifications and de-notifications with a European passport is now available for Luxembourg-domiciled investment fund managers (IFMs). The eDesk Portal facilitates notifications and de-notifications for two categories of supervised entities: UCITS management companies pursuing activities in other Member States either via branch establishment or freedom to provide services (FPS), including management of UCITS established in another Member State under Articles 114 and 115 of the Law of 17 December 2010; and authorised alternative investment fund managers (AIFMs) managing EU alternative investment funds (AIFs) in other Member States or providing cross-border services under Article 5 of the Law of 12 July 2013. As of 22 April 2026, these entities must transmit notification and de-notification files to the CSSF either directly via the eDesk Portal or through the CSSF API solution using S3 technology. The portal can be accessed at https://edesk.apps.cssf.lu/edesk-dashboard/dashboard/getstarted, with the relevant procedure being the "IFM Cross-border Management Notifications Tool". Subsequent monitoring of notifications will be conducted exclusively via the eDesk Portal. The CSSF has published detailed guidance in the "IFM Guidelines on cross-border management notification and de-notification procedures" to support implementation. Supervised entities requiring assistance should contact the CSSF helpdesk at edesk@cssf.lu. The CSSF reminds all concerned entities that they must notify it of all cross-border activities and services they intend to provide, regardless of whether these will be delivered under FPS or via branch establishment.

Agent draft

Not run yet.

Published

1389 chars · nid 92139

Luxembourg's Commission de Surveillance du Secteur Financier Issues Guidance on New Methods for Transmitting Management Notification for Cross-Border Investment Fund Managers

On April 22, 2026, the Commission de Surveillance du Secteur Financier (CSSF) has published guidance on the new cross-border management notification and de-notification procedures for Luxembourg-domiciled investment fund managers. The eDesk Portal facilitates notifications and de-notifications for UCITS management companies pursuing activities in other member states either via branch establishment or freedom to provide services and authorised alternative investment fund managers (AIFMs) managing EU alternative investment funds (AIFs) in other member states or providing cross-border services. As of April 22, 2026, these entities must transmit notification and de-notification files to the CSSF either directly via the eDesk Portal or through the CSSF API solution using S3 technology. Subsequent monitoring of notifications will be conducted exclusively via the eDesk Portal. The CSSF has published detailed guidance on the " IFM Guidelines on cross-border management notification and de-notification procedures " to support implementation. The CSSF reminds all concerned entities that they must notify it of all cross-border activities and services they intend to provide, regardless of whether these will be delivered under the freedom to provide services or via branch establishment. Supervised entities requiring assistance should contact the CSSF helpdesk at edesk@cssf.lu.
3089704 pc Apr 23, 2026 tojuri Malta Malta Financial Services Authority horizon scanning
headline rewritten 365% of draft length open

Generated

1325 chars

(no TITLE: in output)

I appreciate you providing the detailed instructions and style guide. However, I need to flag that the source material you've provided appears to be a website navigation structure and footer content from the Malta Financial Services Authority (MFSA) website, rather than substantive regulatory content, announcement, consultation, or policy document. The content consists primarily of: - Navigation menu items - Section headings and topic categories - Contact information - Cookie consent language - Social media links There is no actual regulatory development, announcement, consultation, guidance, personnel appointment, institutional change, or other substantive government action described in this material. **To generate a meaningful Horizon Scanning update, I would need:** - An actual news release, circular, or announcement from the MFSA - A consultation document or feedback statement - Regulatory guidance or policy document - Personnel or institutional change announcement - Legislative or regulatory development Could you please provide the substantive source content you'd like me to convert into a Horizon Scanning update? Once you share the actual regulatory material or announcement, I'll generate a properly formatted update following all the style guidelines and structural requirements you've outlined.

Agent draft

Not run yet.

Published

4830 chars · nid 92138

Malta Financial Services Authority Issues Dear CEO Letter on Investment Firms Complaints Handling

On April 22, 2026, the Malta Financial Services Authority (MFSA) sent a "Dear CEO" letter to all licensed investment firms in Malta. The letter outlined key findings and supervisory expectations following a thematic review of complaints-handling processes. During 2025, the MFSA conducted an outcomes-based thematic review among a number of licensed entities, assessing the extent to which investment firms are adhering to the complaint-handling requirements set out in Section 6 of Chapter 4 of the Conduct of Business Rulebook (CoBR). The letter outlines the MFSA’s key findings from the thematic review and its expectations of investment firms. It provides guidance and examples of good practice to help firms enhance the effectiveness, transparency and overall governance of their complaint-handling processes. The MFSA’s key findings covered areas such as: Complaints management function: the MFSA found that, in many instances, the person responsible for managing the complaints process was a senior official, which could create a conflict of interest. The MFSA also found that some firms had neither designated a specific individual nor outlined how internal communication channels would operate, thereby making it difficult for staff to easily identify and contact the responsible person. The MFSA expects all investment firms to clearly identify the individual(s) responsible for complaint management in their policies and procedures. These policies must be readily accessible to all relevant staff at all times. Firms must also ensure that the designation of the responsible individual is kept up to date and amended promptly whenever changes occur. The MFSA expects all investment firms to clearly identify the individual(s) responsible for complaint management in their policies and procedures. These policies must be readily accessible to all relevant staff at all times. Firms must also ensure that the designation of the responsible individual is kept up to date and amended promptly whenever changes occur. Registration of complaints: the MFSA found that complaints recorded in the complaints register were received directly by the firm’s employees. However, the policy and procedures did not establish a formal process for managing such complaints or identify the official responsible for handling complaints within the firm. The MFSA expects investment firms to establish clear and proportionate internal procedures that distinguish between matters requiring formal treatment and those that do not. The complaints register must also include the granular information required by the compliance function to conduct trend analysis and identify root causes, which should eventually be addressed to improve the customer experience. The MFSA expects investment firms to establish clear and proportionate internal procedures that distinguish between matters requiring formal treatment and those that do not. The complaints register must also include the granular information required by the compliance function to conduct trend analysis and identify root causes, which should eventually be addressed to improve the customer experience. Internal follow-up of complaints and root cause analysis: the MFSA noted that the submitted policies did not comprehensively outline how complaint-handling data would be analysed to identify and address recurring or systemic issues, and that most investment firms had not established a tailored root cause analysis framework. The MFSA expects investment firms to conduct a comprehensive root cause analysis of all complaints received, regardless of volume or type. This analysis must go beyond simple categorisation and identify the underlying drivers, systemic weaknesses, process gaps or operational issues contributing to recurring complaints. The MFSA expects investment firms to conduct a comprehensive root cause analysis of all complaints received, regardless of volume or type. This analysis must go beyond simple categorisation and identify the underlying drivers, systemic weaknesses, process gaps or operational issues contributing to recurring complaints. As part of the review, the MFSA identified several good market practices, including: Having a dedicated section within policies and procedures that outlines the regulatory requirements applicable to different jurisdictions for firms that conduct substantial cross-border activities. Having a dedicated section in the complaints register indicating the country of origin of each complaint. This enhances transparency and enables better monitoring of trends and issues across different jurisdictions. The MFSA expects firms to conduct a comprehensive gap analysis of their own practices and processes, and then take prompt action to address any shortcomings to enhance their complaint-handling processes.
3089709 pc Apr 23, 2026 tojuri Malta Malta Financial Services Authority horizon scanning
headline kept 222% of draft length open

Generated

2355 chars

Malta Financial Services Authority Issues Supervisory Guidance on Credit Institution Complaints Handling

On 22 April 2026, the Malta Financial Services Authority (MFSA) issued a Dear Chief Executive Officer letter to all licensed credit institutions in Malta outlining key findings and supervisory expectations following a thematic review of complaints-handling processes. The MFSA conducted an outcomes-based thematic review during the first half of 2025, assessing six retail credit institutions (100 percent of core domestic credit institutions and 50 percent of retail credit institutions) against the requirements of Banking Rule BR/22 on Complaints-Handling Procedures for Credit Institutions. The review examined governance structures, procedural safeguards, and operational standards, including complaints management policies, complaints registers, internal follow-up procedures, information provision, and complaint response timelines. The Authority identified several areas of concern across the sector. Key findings included: one institution submitting only a draft complaints management policy lacking version control; multiple institutions maintaining incomplete complaints registers missing required information such as response dates; several institutions failing to record complaints resolved at first point of contact; inadequate root cause analysis reports providing only complaint categorisation rather than substantive analysis; one institution failing to publish complaints procedures on its website; and inconsistent application of complaint resolution timelines and delay notification requirements across institutions. The MFSA expects all credit institutions to maintain fully approved and finalised complaints management policies with proper version control; maintain comprehensive complaints registers capturing all required information; conduct substantive root cause analysis identifying underlying drivers and systemic weaknesses; publish clear complaints procedures on websites and in branches; ensure written acknowledgments within two working days and responses within 15 working days; provide thorough explanations for final decisions using plain language; and ensure staff receive regular training on Banking Rule BR/22 requirements. Participating credit institutions have been afforded one year to remediate identified issues. The Authority will reassess compliance in the third year of this three-year supervisory cycle.

Agent draft

Not run yet.

Published

5232 chars · nid 92137

Malta Financial Services Authority Issues Supervisory Guidance on Credit Institution Complaints Handling

On April 22, 2026, the Malta Financial Services Authority (MFSA) sent a "Dear CEO" letter to all licensed credit institutions in Malta. The letter outlined key findings and supervisory expectations following a thematic review of complaints-handling processes. During the first half of 2025, the MFSA conducted an outcomes-based thematic review, assessing six retail credit institutions against the requirements of Banking Rule BR/22 on Complaints-Handling Procedures for Credit Institutions . This examined governance structures, procedural safeguards and operational standards, including policies for managing complaints, registers of complaints, internal follow-up procedures, provision of information and timelines for responding to complaints. The letter outlines the MFSA’s key findings from the thematic review, as well as its expectations of credit institutions. It provides guidance and examples of good practice to help institutions enhance the effectiveness, transparency, and overall governance of their complaint-handling processes. The MFSA’s key findings covered areas such as: Complaints management policy: the MFSA found that one institution submitted only a draft policy, indicating that it did not have a finalised and approved policy in place, which is in contravention of the expectations set out in Banking Rule BR/22 for credit institutions. The MFSA expects credit institutions to maintain a fully approved and finalised policy in accordance with the requirements set out in Banking Rule BR/22, which has been in effect since March 5, 2020. The MFSA expects credit institutions to maintain a fully approved and finalised policy in accordance with the requirements set out in Banking Rule BR/22, which has been in effect since March 5, 2020. Registration of complaints: the MFSA noted that several registrants did not fully comply with the requirements set out in Rule 8 of Banking Rule BR/22. Several of the registers fell short of meeting the expected standards and specific obligations mandated in the Banking Rule. The MFSA expects credit institutions to establish clear internal procedures that distinguish between matters requiring formal treatment and those that do not. The MFSA highlights the need for credit institutions to address these inconsistencies, ensure accurate and complete reporting, and adhere fully to the regulatory framework established under Rule 8 of Banking Rule BR/22. The MFSA expects credit institutions to establish clear internal procedures that distinguish between matters requiring formal treatment and those that do not. The MFSA highlights the need for credit institutions to address these inconsistencies, ensure accurate and complete reporting, and adhere fully to the regulatory framework established under Rule 8 of Banking Rule BR/22. The procedure for responding to complaints: the MFSA identified several deficiencies relating to the treatment of verbal complaints, the clarity of wording used in delay notifications, acknowledgement requirements and complaint resolution timelines. The MFSA expects all credit institutions to ensure that their complaints handling procedures are fully aligned with regulatory requirements and clearly documented within their internal policies. Institutions are expected to update their policies to reflect the complaint-resolution timelines set out in Banking Rule BR/22, eliminate ambiguities, ensure consistency and provide clear guidance to staff. This will safeguard transparency, accuracy and fair treatment of clients throughout the complaint-handling process. The MFSA expects all credit institutions to ensure that their complaints handling procedures are fully aligned with regulatory requirements and clearly documented within their internal policies. Institutions are expected to update their policies to reflect the complaint-resolution timelines set out in Banking Rule BR/22, eliminate ambiguities, ensure consistency and provide clear guidance to staff. This will safeguard transparency, accuracy and fair treatment of clients throughout the complaint-handling process. As part of the review, the MFSA identified several good market practices, including: Providing several accessible channels, such as telephone, email, online forms, mobile applications and branch visits, to allow customers to choose the method which is most convenient for them. Clear guidance provided on the credit institution’s website on how to lodge a complaint and what steps the customer can expect throughout the process. Ensuring that complaints are captured and recorded at the first point of contact, rather than customers being redirected unnecessarily. The MFSA expects all credit institutions falling within the scope of Banking Rule BR/22 – Complaints Handling Procedures for Credit Institutions to adhere strictly to the rule's requirements and address the MFSA's expectations, as set out in the letter. Credit institutions are encouraged to conduct a comprehensive gap analysis to identify any discrepancies between their existing practices and the regulatory obligations set out in Banking Rule BR/22. This will enable them to implement any necessary enhancements in a timely manner to meet the prescribed standards.
3105703 pc Apr 23, 2026 arahman Ukraine Regulatory Documents financial services
headline rewritten 129% of draft length open

Generated

1555 chars

Ukraine's National Bank Approves Changes to Payment Service Provider Rules for Foreign Currency and Precious Metals Transactions

On April 23, 2026, the National Bank of Ukraine (NBU) Board approved Resolution No. 41, which amends the regulations governing how payment service providers execute payment instructions in foreign currency and precious metals (banking metals). The resolution introduces changes to the procedure for payment service providers when handling foreign currency and precious metals transactions. These amendments establish updated requirements for the execution of payment instructions denominated in foreign currencies and involving banking metals. The changes apply to all entities providing payment services in Ukraine and affect their operational procedures for processing such transactions. The amendments are designed to enhance the regulatory framework governing cross-border and precious metals-related payment activities within the Ukrainian financial services sector. The amendments come into effect on April 28, 2026, with the exception of subsections 5 and 7 of section 5 of the amendments, which take effect on August 1, 2026. Payment service providers must ensure compliance with the new requirements by the applicable effective dates. The staggered implementation allows providers additional time to align their systems and procedures with the most complex provisions of the updated regulations. **Reference:** National Bank of Ukraine Board Resolution No. 41 of April 23, 2026, "On Approval of Amendments to the Regulations on the Procedure for Payment Service Providers to Execute Payment Instructions in Foreign Currency and Banking Metals"

Agent draft

Not run yet.

Published

2011 chars · nid 92222

National Bank of Ukraine Adopts Procedure for Executing Foreign Currency Payments by PSPs

On April 23, 2026, the National Bank of Ukraine (NBU) adopted the Resolution on the Approval of Amendments to the Regulation on the Procedure for Payment Service Providers to Execute Payment Instructions in Foreign Currency and Precious Metals, applicable to banks and payment service providers. Key points include: The payer's bank shall execute the payment instruction for compulsory debiting of funds in the national currency, which must include: The name, EDRPOU code or registration number, and account number of the debtor client or correspondent account of the debtor bank in foreign currency from which the funds will be debited. The recipient's account number in the national currency. The amount (in figures and words) and the name of the national currency to be transferred to the recipient's account. In the payment description: the name, date of issuance and number of the court decision of the head of the supervisory authority. The name, EDRPOU code or registration number, and account number of the debtor client or correspondent account of the debtor bank in foreign currency from which the funds will be debited. The recipient's account number in the national currency. The amount (in figures and words) and the name of the national currency to be transferred to the recipient's account. In the payment description: the name, date of issuance and number of the court decision of the head of the supervisory authority. The payee's payment service provider is required, after each crediting of funds to the payee's account, to provide the payee with information regarding: The payer's name. First name. The amount of the credited funds. Other information as provided for in its internal documents. The payer's name. First name. The amount of the credited funds. Other information as provided for in its internal documents. The resolution comes into effect on April 28, 2026, except for subparagraphs 5 and 7 of paragraph 5 of the amendments, which enter into force on August 1, 2026.
3093984 pc Apr 23, 2026 arahman Russia The central Bank of Russian Federation horizon scanning
headline rewritten 44% of draft length open

Generated

1888 chars

Russia's Central Bank Opens Public Consultation on Multiple Regulatory Amendments

The Central Bank of the Russian Federation (Bank of Russia) is conducting public consultations on several draft normative acts across financial markets regulation, anti-money laundering, and investor protection frameworks. The Bank of Russia has published seven draft regulatory instruments for public discussion. These include: a draft regulation on disclosure of information by issuers of securities; a draft instruction amending identification requirements for organisations conducting operations with funds or property in relation to anti-money laundering and counter-terrorism financing (AML/CTF) compliance; a draft regulation establishing internal control rules and qualification requirements for responsible officers in AML/CTF-regulated entities; and four draft instructions amending existing regulations concerning qualified investor status, securities market requirements, and related provisions. The consultations address key regulatory priorities including enhanced transparency in securities markets, strengthened customer identification procedures for AML/CTF purposes, and clarified qualification standards for qualified investors. These amendments reflect the Bank of Russia's ongoing efforts to align its regulatory framework with evolving financial market conditions and international compliance standards. The Bank of Russia has established staggered comment deadlines for stakeholders. Comments on the disclosure regulation are due by May 15, 2026. The AML/CTF identification requirements amendment closes on May 6, 2026. The internal control rules regulation closes on May 4, 2026. Four additional instructions have comment deadlines ranging from April 26 to April 30, 2026. Responses should be submitted to the designated email addresses provided for each draft regulation. All draft regulations and explanatory notes are available on the Bank of Russia website.

Agent draft

Not run yet.

Published

822 chars · nid 92166

Central Bank of Russia Consults on Draft Regulation 'On Disclosure of Information by Issuers of Securities'

On April 23, 2026, the Central Bank of Russia (CBR) launched a consultation on the Draft Regulation "On Disclosure of Information by Issuers of Securities". Disclosure of information by the issuer shall be: Updated in real time and made available for use. Carried out by publishing a message on the information resource. The disclosure shall include: Identification characteristics of the securities, which must be specified. The type of securities. Category or type, where applicable to stocks. The registration number of the release, in case of availability. The document and the date of the securities were issued. International identification code. Financial Instruments, if any. Comments and feedback are welcome up until May 15, 2026 and can be sent via email to chetvergovds@cbr.ru or mazaevaav@cbr.ru .
3092259 pc Apr 23, 2026 arahman Sweden Government of Sweden horizon scanning
headline rewritten 68% of draft length open

Generated

1987 chars

Sweden's Government Proposes Banking Supervision Legislation Following European Union Banking Package

On April 23, 2026, the Government of Sweden submitted a legislative proposition to adapt Swedish legislation in response to amendments to the European Union's Capital Requirements Directive, commonly referred to as the Banking Package. The Banking Package contains changes designed to harmonise supervision of financial institutions' activities across the European Union. The proposition introduces several key amendments to Swedish law affecting banks, credit market enterprises, very large securities firms, and certain holding companies. These include: introducing licensing requirements for companies from countries outside the European Economic Area seeking to provide central banking-related services through a Swedish branch; extending suitability requirements applicable to credit institution management to very large securities firms and certain holding companies; requiring companies to notify the Financial Supervisory Authority (Finansinspektionen) in advance of new management appointments, such as board members or chief executives; obligating companies to conduct suitability assessments of certain senior personnel, with Finansinspektionen conducting assessments at larger firms; introducing application procedures for certain transactions; and implementing a cooling-off period for certain employees and contractors of Finansinspektionen, preventing them from taking employment at financial institutions within a specified timeframe. The proposed amendments are set to enter into force on July 1, 2026, with the exception of the licensing requirement for non-European Economic Area companies, which is proposed to take effect on January 11, 2027. The proposition is referenced as Prop. 2025/26:253. REFERENCES: Government of Sweden, Ministry of Finance. "Nya lagförslag kring tillsyn av banker" (New Legislative Proposals on Banking Supervision). April 23, 2026. Available at: https://www.regeringen.se/pressmeddelanden/2026/04/nya-lagforslag-kring-tillsyn-av-banker/

Agent draft

Not run yet.

Published

1360 chars · nid 92165

Sweden's Ministry of Finance Proposes Bill 2025/26:253 on EU Banking Package

On April 23, 2026, the Ministry of Finance proposed a bill (Bill 2025/26:253) introducing amendments required to implement the changes to the Capital Adequacy Directive as part of the EU banking package. The proposals include: A permit requirement is being introduced for companies from countries outside the European Economic Area that want to provide central banking-related services from a branch in Sweden. The suitability requirements that apply to the management of credit institutions shall apply to very large securities companies and certain holding companies. An obligation is introduced for certain companies to notify about new management personnel in advance. An obligation is introduced for companies to conduct suitability assessments for certain individuals in senior positions. Application procedures are being introduced for certain transactions. A waiting period is being introduced for certain employees and contractors at the Financial Supervisory Authority. The legislative amendments are proposed to enter into force on July 1, 2026, except for the amendments regarding a special licensing obligation and special supervisory provisions for companies from countries outside the European Economic Area that wish to provide central banking-related services from a branch in Sweden, which are to enter into force on January 11, 2027.
3094907 pc Apr 23, 2026 arahman Ukraine All News - NBU financial services
draft failed open

Generated

Draft failed: Blocked: CAPTCHA/bot-check page detected (multiple signals: captcha, recaptcha)

Agent draft

Not run yet.

Published

816 chars · nid 92164

National Bank of Ukraine Consults on Updating Procedures for Companies Engaged in Cash Operations

On April 23, 2026, the National Bank of Ukraine (NBU) launched a consultation on the Draft Resolution Regarding the Approval of the Amendments to the Regulations Regarding the Procedures for Interaction Between Legal Entities that Carry Out Operations Related to Legal Entities or Corporations. The draft resolution: Clarifies the definition of the term "cash" with which the relevant legal entities work. Clarifies the list of business entities that can store cash in the vaults of legal entities. Determines the procedure for crediting collected cash received by the legal entity to customer accounts. Procedures and frequency of the NBU conducting inspections to ensure cash handling companies comply with the requirements of Ukrainian legislation. Comments and suggestions are welcome up until May 3, 2026.
3094908 pc Apr 23, 2026 arahman Ukraine All News - NBU financial services
draft failed open

Generated

Draft failed: Blocked: CAPTCHA/bot-check page detected (multiple signals: captcha, recaptcha)

Agent draft

Not run yet.

Published

924 chars · nid 92163

National Bank of Ukraine Consults on Updating the Execution of Interbank Payment Instructions

On April 23, 2026, the National Bank of Ukraine (NBU) launched a consultation on the Draft Resolution on Amendments to the Instructions on the Execution of Interbank Payment Transactions (SEP) in Ukraine in the National Currency. A participant in SEP shall be obliged to: Send information to the Central SEP on the status of the execution of a payment transaction in the SEP as soon as possible after the execution of that payment transaction, but no later than one hour after the status of the execution of this payment transaction has been established. To enable the payment service user to submit, via means of remote communication, a request regarding the status of a payment transaction by sending a message to the Central SEP. Provide the payment service user, by remote communication, with information on the stages of execution of the payment transaction. Comments and feedback are welcome up until May 3, 2026.
3115858 pc Apr 23, 2026 arahman Russia The central Bank of Russian Federation horizon scanning
headline rewritten 67% of draft length open

Generated

1333 chars

(no TITLE: in output)

I appreciate you providing this content, but I must note that the source material appears to be severely corrupted or improperly encoded, making it impossible to extract coherent information. The text consists largely of fragmented Cyrillic characters with numerous spacing and formatting errors that prevent accurate translation or comprehension. However, based on the metadata provided (Russia, Central Bank of Russian Federation, Horizon Scanning domain) and the partial fragments visible, this appears to be related to a Central Bank of Russia decree or regulatory guidance, potentially concerning financial market operations, securities, or banking procedures. **I cannot generate an accurate Horizon Scanning update without legible source material.** To proceed, I would need: 1. A clean, properly encoded version of the source document 2. A PDF or official link to the original decree/guidance 3. Clarification on the specific regulatory topic (securities, payments, AML/CTF, etc.) **Please provide:** - The corrected/original source text, or - A direct link to the Central Bank of Russia official publication, or - The document title and date of issuance Once legible source material is available, I will immediately generate a compliant Horizon Scanning update following all specified formatting and style requirements.

Agent draft

Not run yet.

Published

898 chars · nid 92321

Central Bank of Russia Publishes Amendments to Directive No.6836-U

On April 23, 2026, the Central Bank of Russia (CBR) published amendments to the Directive of the CBR No.6836-U of September 3, 2024, applicable to payment service providers and investment service providers. Key amendments include: The CBR shall provide the applicant submitting documents for registration of a securities issue with access to the personal account within three working days of receiving these from the applicant. If the notification regarding the use of the personal account sent to the CBR by the applicant lacks any information, the CBR shall request the missing information from the applicant by email. In the event of the cessation of activities, the CBR shall terminate access to the personal account upon the expiry of the calendar year following the year that the applicant ceased operations. This directive shall enter into force ten days after its official publication.
3093502 pc Apr 23, 2026 ggallwey Brazil Central Bank of Brazil financial services
headline rewritten 127% of draft length open

Generated

1781 chars

Brazil's Central Bank Strengthens Credit Guarantee Fund Safeguards and Enhances Financial Institution Liquidity Rules

On April 23, 2026, the National Monetary Council (CMN) approved a series of regulatory measures designed to strengthen liquidity management at financial institutions and enhance mechanisms associated with the Credit Guarantee Fund (Fundo Garantidor de Créditos – FGC), with the objective of reducing systemic risks and preserving stability in Brazil's financial system. Regarding the FGC, the CMN amended Resolution CMN No. 4,222 of 2013, consolidating changes introduced by Resolution CMN No. 5,238 of August 1, 2025, and refining conditions requiring member institutions to maintain allocations in federal public securities. The changes introduce a new Reference Asset (Ativo de Referência – AR) indicator based on the composition and quality of institutional assets as triggers for mandatory allocation, complementing existing liability-based indicators. When FGC-guaranteed resources exceed the AR threshold, institutions must direct a portion of these resources to federal public securities on a gradual basis. These measures aim to mitigate moral hazard associated with excessive reliance on FGC guarantees. The CMN also enhanced prudential liquidity requirements. The Short-Term Liquidity indicator (Liquidity Coverage Ratio – LCR), aligned with the Basel III international standard, now applies to Segment 2 institutions. Additionally, a Simplified Short-Term Liquidity indicator (LCRS) applies to Segment 3 and 4 institutions that accept public deposits or issue securities. Implementation follows a transition schedule with minimum limits set at 90 percent between January 1 and June 30, 2027, increasing to 100 percent from July 1, 2027. All measures take effect June 1, 2026. REFERENCES: - Resolution CMN No. 5,295 - Resolution CMN No. 5,296 - Resolution BCB No. 560

Agent draft

Not run yet.

Published

2261 chars · nid 92161

Central Bank of Brazil Strengthens Credit Guarantee Fund Safeguards and Enhances Financial Institution Liquidity Rules

On April 23, 2026, the National Monetary Council (CMN), via the Central Bank of Brazil, approved a series of regulatory measures designed to strengthen liquidity management at financial institutions and enhance mechanisms associated with the Credit Guarantee Fund (FGC), with the objective of reducing systemic risks and preserving financial stability. Resolution CMN No. 5,295/2026 amends Resolution CMN No. 4,222/2013 , refining the framework governing contributions to the FGC. The amendments introduce additional contribution requirements and expand the conditions under which member institutions must allocate resources to federal public securities. These changes build on and consolidate elements previously introduced under Resolution CMN No. 5,238/2025 . The revised framework introduces a new Reference Asset (AR) indicator, alongside existing liability-based thresholds, to determine when institutions are required to allocate funds to federal government bonds. Where FGC-guaranteed resources exceed defined thresholds, institutions must allocate a portion of these resources progressively, based on a phased calibration schedule running from July 2026 to July 2028. The measures are intended to mitigate risks associated with excessive reliance on deposit guarantees and strengthen the loss-absorbing capacity of the system. Separately, Resolution CMN No. 5,296/2026 and BCB Resolution No. 560/2026 introduce updated prudential liquidity requirements through the implementation of the Short-Term Liquidity Ratio (LCR) and a Simplified Short-Term Liquidity Ratio (LCRS). The LCR, aligned with the Basel III framework, applies to larger and more complex institutions, while the LCRS introduces a simplified methodology for smaller institutions, including those in Segments 3 and 4 that raise funds from the public. Under the new framework, institutions must maintain sufficient high-quality liquid assets to cover projected net cash outflows over a 30-day stress period. While the FGC-related amendments take effect from June 1, 2026, the LCR and LCRS requirements enter into force on January 1, 2027, with a transitional minimum of 90 percent applicable until June 30, 2027, after which the requirement increases to 100 percent from July 1, 2027.
3089649 pc Apr 23, 2026 tojuri Malta Central Bank of Malta horizon scanning
headline kept 86% of draft length open

Generated

1468 chars

Central Bank of Malta Launches Public Consultation on Proposed Directive for Pan-European Instant Payments

On 22 April 2026, the Central Bank of Malta launched a public consultation on the proposed Central Bank of Malta (CBM) Directive No. 21, which seeks to support the development and adoption of a pan-European scheme for peer-to-peer and point-of-interaction payments based on Single Euro Payments Area (SEPA) instant credit transfers. The Directive aims to enhance efficiency, resilience and integration in the Maltese payments landscape, while reducing reliance on non-European payment solutions and promoting a harmonised, interoperable and pan-European approach. The proposed Directive establishes the criteria for the selection of an eligible scheme at national level and sets out obligations for payment service providers. These obligations include the provision of instant transactions to consumers free of charge, support for both peer-to-peer and point-of-interaction use cases, and coordinated market adoption. The initiative reflects the Central Bank of Malta's commitment to strengthening the domestic payments infrastructure and aligning with broader European payment system objectives. The consultation is open to all stakeholders, including payment service providers, financial institutions, and other interested parties. Feedback on the proposed Directive must be submitted by 22 May 2026 via email to the Central Bank of Malta. The Central Bank of Malta will review all responses received during the consultation period before finalising the Directive.

Agent draft

Not run yet.

Published

1258 chars · nid 92134

Central Bank of Malta Launches Public Consultation on Proposed Directive for Pan-European Instant Payments

On April 22, 2026, the Central Bank of Malta launched a public consultation on the proposed Central Bank of Malta (CBM) Directive No. 21. This directive aims to support the development and adoption of a pan-European scheme for peer-to-peer and point-of-interaction payments, based on the Single Euro Payments Area (SEPA) instant credit transfer system. The directive aims to enhance the efficiency, resilience and integration of the Maltese payments landscape while reducing reliance on non-European payment solutions and promoting a harmonised, interoperable, pan-European approach. The proposed directive establishes criteria for selecting an eligible scheme at a national level and sets out obligations for payment service providers participating in the scheme. These include providing instant transactions to consumers free of charge, supporting both peer-to-peer and point-of-interaction use cases and coordinating market adoption. The directive is proposed to enter into force on January 1, 2028. The consultation is open to all stakeholders, including payment service providers, financial institutions and other interested parties. Feedback on the proposed directive must be submitted by May 22, 2026, via email to regulation@centralbankmalta.org .
3089032 pc Apr 23, 2026 tojuri Belgium Financial Services and Markets Authority financial services
headline rewritten 61% of draft length open

Generated

1350 chars

Belgium's Financial Services and Markets Authority Reaches Agreed Settlement with Keytrade Bank

On April 22, 2026, the Financial Services and Markets Authority (FSMA) announced an agreed settlement with Keytrade Bank. The settlement requires Keytrade Bank to pay €250,000 and authorises the FSMA to publish the bank's name on its website. An agreed settlement represents a resolution mechanism through which the FSMA and a regulated entity reach a mutual understanding on enforcement matters without proceeding to formal adjudication. This approach allows both parties to resolve compliance concerns efficiently while maintaining regulatory oversight. The publication of Keytrade Bank's name on the FSMA's website serves as a transparency measure, informing market participants and the public of the settlement outcome. The specific regulatory violations or compliance issues that prompted the settlement were not detailed in the announcement. The FSMA's enforcement action reflects its ongoing supervisory activities within Belgium's financial services sector, which encompasses banking, investment services, and related activities under the FSMA's regulatory remit. The settlement is now effective, with the financial penalty payable to the FSMA and the public disclosure requirement implemented as of the announcement date. REFERENCES: Financial Services and Markets Authority (FSMA) – Agreed settlement with Keytrade Bank (April 22, 2026)

Agent draft

Not run yet.

Published

828 chars · nid 92133

Belgian Financial Services and Markets Authority Reaches €250,000 Settlement with Keytrade Bank for Conduct Failings

On April 22, 2026, the Belgian Financial Services and Markets Authority (FSMA) announced a settlement of €250,000 with Keytrade Bank for failing to comply with the rules of conduct. Between December 2023 and March 2024, due to a computer problem, the bank was unable to determine whether the financial instruments ordered by clients were appropriate. The bank also failed to ask for the required information on the clients' knowledge and experience, failed to inform clients of the "inappropriate" nature of the financial instrument concerned and sent incorrect information to clients. At the request of the FSMA and of its own accord, Keytrade Bank took remedial measures. The FSMA investigation resulted in a settlement agreement providing for a payment of €250,000 and publication of the company’s name on the FSMA website.
3098424 pc Apr 23, 2026 arahman Kosovo Kosovo Assembly - Draft laws and laws horizon scanning
draft failed open

Generated

Draft failed: Blocked: CAPTCHA/bot-check page detected (short page with: just a moment)

Agent draft

Not run yet.

Published

1499 chars · nid 92203

Kosovo Publishes Draft Amendments to AML Law

On April 23, 2026, the Kosovo government published Draft Law No.10/L-046 on Amending and Supplementing Law No.05/L-096 on the Prevention of Money Laundering and Combating Terrorist Financing . Key proposed amendments include: Reporting entities shall ensure that the person responsible for the audit function can report directly to the management body and, where relevant, to the supervisory body. The person responsible for the audit function can raise concerns and warn the management body and the supervisory body where specific risk developments affect or may affect the reporting entity. All reporting entities shall periodically determine the risk of money laundering, terrorist financing and proliferation financing to which they are exposed through the provision of their services, transactions, products, geographic location and delivery mechanisms. Reporting entities are obliged to harmonise the risk assessment with the national risk assessment, sectoral risk assessments and other similar data. The compliance officer shall be employed by the reporting entity at the management level and in a position with powers allowing for an effective, efficient and high-quality performance of all the duties. The compliance officer shall be responsible for interaction and information exchange with the Financial Intelligence Unit and the Central Bank of Kosovo. The draft law has yet to receive a support letter from the President of the Assembly, and is still under legislative process.
3099194 pc Apr 23, 2026 arahman Ukraine News - Central Bank financial services
headline rewritten 73% of draft length open

Generated

2088 chars

Ukraine's National Bank Eases Foreign Exchange Restrictions for Defence, Military Personnel, and Specialists

On April 24, 2026, the National Bank of Ukraine (NBU) announced a series of foreign exchange (FX) restrictions easing measures, effective from April 25, 2026. The changes, stipulated in NBU Board Resolution No. 43, aim to support defence enterprises, facilitate recruitment of qualified specialists, assist military personnel, and support Ukrainians abroad. The NBU has introduced several key modifications to FX regulations. Defence enterprises can now disregard FX balances in accounts when purchasing foreign currency if funds were received from foreign states or agencies financing military and dual-use goods contracts, or if currency is purchased using budget funds for state defence contracts. This ensures timely fulfilment of defence industry obligations. Non-resident servicepersons can now purchase and transfer foreign currency abroad without restrictions up to the amount of their allowances, provided funds were credited on or after May 1, 2026. For funds credited before this date, the existing limit of up to the equivalent of 400,000 Ukrainian hryvnia (UAH) per calendar month continues to apply. Banks have been authorised to credit hryvnia funds to non-resident servicepersons' accounts regardless of citizenship, ensuring equal social protection conditions. The NBU has expanded acceptable identification documents for servicepersons opening accounts, including new-type military registration documents, military IDs, officer's IDs, and general's IDs. Ukrainian companies can now purchase and transfer foreign currency to non-resident board members and executives for payments accrued on or after May 1, 2026. Non-resident individuals can transfer foreign currency abroad for salaries and payments received on or after May 1, 2026. Additionally, the NBU has removed the requirement for insurers to submit monthly solvency calculations to remain eligible for reinsurance transactions with non-resident reinsurers, and has established conditions for the Agency of National Unity LLC to conduct international transfers using budget funds to support Ukrainians abroad.

Agent draft

Not run yet.

Published

1530 chars · nid 92201

National Bank of Ukraine Adopts Resolution No.43 on FX Restrictions

On April 23, 2026, the National Bank of Ukraine (NBU) adopted Resolution No.43 on Amendments to NBU Board Resolution No.18 dated February 24, 2022. The changes, stipulated in NBU Board Resolution No. 43, aim to support defence enterprises, facilitate recruitment of qualified specialists, assist military personnel and support Ukrainians abroad. The NBU has introduced several key modifications to foreign exchange (FX) regulations. When processing companies' requests to purchase foreign currency, banks will be able to disregard FX balances in accounts if: Such funds were received from foreign states or agencies authorised by them to finance contracts for the production of military and dual-use goods whose end recipients are units of the security and defence forces. Foreign currency is purchased using budget funds to fulfil a state contract for the production of military goods whose end recipients are units of the security and defence forces. These changes will facilitate the fulfilment of defence enterprises' obligations to government customers and ensure the proper functioning of Ukraine's defence industry as a whole. The NBU has authorised the use, for identification and verification of servicepersons, of the new-type military registration document in the form established by the Ministry of Defence, as well as military ID, officer's ID and general's ID, provided that these documents are valid at the time of opening an account for the serviceperson. These amendments come into effect on April 25, 2026.
3099199 pc Apr 23, 2026 arahman Ukraine Regulatory Documents financial services
headline rewritten 135% of draft length open

Generated

1422 chars

Ukraine's National Bank Approves Amendments to Corrective Measures and Early Intervention Framework

On April 23, 2026, the National Bank of Ukraine (NBU) Board approved amendments to the Regulation on the Application of Corrective Measures, Early Intervention Measures, and Supervisory Measures in the Field of State Regulation of Financial Institution Activities through Resolution No. 40. The resolution updates the framework governing how the NBU applies corrective and supervisory measures to regulated financial institutions. These amendments modify the existing procedures and criteria for implementing corrective actions, early intervention mechanisms, and enforcement measures that the NBU uses to address compliance issues and financial stability concerns among supervised entities. The amendments are applicable to all financial institutions operating under NBU supervision and regulation. The updated framework establishes the regulatory tools available to the NBU for addressing institutional deficiencies, implementing preventative supervisory interventions, and enforcing compliance with regulatory requirements across the Ukrainian financial services sector. The resolution came into effect on April 23, 2026. **Reference:** National Bank of Ukraine Board Resolution No. 40 of April 23, 2026 "On Approval of Amendments to the Regulation on the Application of Corrective Measures, Early Intervention Measures, and Supervisory Measures in the Field of State Regulation of Financial Institution Activities"

Agent draft

Not run yet.

Published

1919 chars · nid 92198

National Bank of Ukraine Adopts Resolution on Corrective, Early Intervention and Enforcement Measures

On April 23, 2026, the National Bank of Ukraine adopted the Resolution on the Approval of Amendments to the Regulation on the Application by the NBU of Corrective Measures, Early Intervention Measures and Enforcement Measures in the Sphere of State Regulation of Activities in the Non-Bank Financial Services, applicable to lending providers. Key points include: A lending provider shall, no later than 30 calendar days before the expiry of the period for which the right of a provider to provide certain types of services has been restricted, submit the following to the NBU: A report on the rectification of violations and/or the cessation of high-risk activities and compliance with the restrictions established by the NBU's decision. Documents and/or information confirming the rectification of breaches and/or the cessation of high-risk activities and compliance with the restrictions established by the NBU's decision. A report on the rectification of violations and/or the cessation of high-risk activities and compliance with the restrictions established by the NBU's decision. Documents and/or information confirming the rectification of breaches and/or the cessation of high-risk activities and compliance with the restrictions established by the NBU's decision. In the failure to rectify breaches, continue high-risk activities or failure to comply with restrictions, the lending provider shall submit: A written notification of the reasons for the failure to rectify the breaches, the continued pursuit of high-risk activities or failure to comply with restrictions, as at the date of submission of the written notification. A written notification of the reasons for the failure to rectify the breaches, the continued pursuit of high-risk activities or failure to comply with restrictions, as at the date of submission of the written notification. This resolution comes into effect on April 29, 2026.
3087711 pc Apr 23, 2026 adavies European Union Finance News - EU Commission financial services
headline kept 68% of draft length open

Generated

1686 chars

European Commission Launches Consultation on Market Risk Prudential Requirements for Banks

On 22 April 2026, the European Commission launched a public consultation on a draft delegated act concerning prudential requirements for banks' market risk, specifically the fundamental review of the trading book (FRTB). The FRTB is part of the global banking standards established by the Basel Committee on Banking Supervision (Basel III). It introduces more advanced risk-measurement methods to align capital requirements for trading activities with the actual risks banks face when trading. While all other Basel III requirements have applied since 1 January 2025, the FRTB implementation has been delayed to allow for targeted amendments. The draft delegated act proposes amendments to FRTB rules for European Union banks, scheduled to apply from 1 January 2027 under the Capital Requirements Regulation. These amendments aim to support a level playing field for EU banks competing internationally in trading activities by offsetting the negative capital impact of the FRTB for a three-year period. The proposed measures reflect feedback from a two-month targeted consultation conducted at the end of 2025 and input from Member State experts. The amendments align with the objectives of the savings and investments union Communication, which prioritises maintaining a level playing field for internationally active banks. The formal adoption of the delegated act is expected to occur at the end of a four-week consultation period on 19 May 2026. This timeline is intended to provide banks and competent authorities sufficient visibility to implement the framework from 1 January 2027. Stakeholders can submit feedback during the four-week consultation period ending 19 May 2026.

Agent draft

Not run yet.

Published

1154 chars · nid 92131

European Commission Launches Consultation on Market Risk Prudential Requirements for Banks

On April 21, 2026, the European Commission launched a consultation on a draft delegated act concerning prudential requirements for banks' market risk, specifically the fundamental review of the trading book (FRTB). The FRTB is part of the global banking standards established by the Basel Committee on Banking Supervision (Basel III). It introduces more advanced risk-measurement methods to align capital requirements for trading activities with the actual risks banks face when trading. While all other Basel III requirements have applied since January 1, 2025, the FRTB implementation has been delayed to allow for targeted amendments. The draft delegated act proposes amendments to FRTB rules for European Union banks, scheduled to apply from January 1, 2027 under Regulation (EU) No. 575/2013 (Capital Requirements Regulation – CRR). These amendments aim to support a level playing field for EU banks competing internationally in trading activities by offsetting the negative capital impact of the FRTB for a three-year period. The European Commission is seeking feedback on its consultation by May 19, 2026, which can be submitted via this link .
3086677 pc Apr 22, 2026 ataylor US Track 1 Federal Register horizon scanning
headline kept 108% of draft length open

Generated

2027 chars

Consumer Financial Protection Bureau Issues Final Rule Amending Equal Credit Opportunity Act Regulation B

On April 22, 2026, the Consumer Financial Protection Bureau (CFPB) published a final rule amending Regulation B, which implements the Equal Credit Opportunity Act (ECOA), 12 CFR Part 1002. The final rule, effective July 21, 2026, addresses three key areas: disparate impact liability, discouragement of applicants, and special purpose credit programs (SPCPs). Regarding disparate impact, the CFPB determined that ECOA does not authorize disparate-impact claims. The final rule removes language from § 1002.6(a) and accompanying commentary indicating that disparate-impact liability applies under ECOA, and adds language clarifying that the Act does not recognize the "effects test." The CFPB concluded that ECOA's statutory language lacks effects-based language necessary to support disparate-impact liability, distinguishing ECOA from other antidiscrimination statutes the Supreme Court has found to authorize such claims. On discouragement, the final rule narrows the prohibition in § 1002.4(b) to apply only to oral or written statements that a creditor knows or should know would cause a reasonable person to believe the creditor would deny credit or grant less favorable terms because of a prohibited basis characteristic. The rule clarifies that encouraging statements directed at one group of consumers do not constitute prohibited discouragement of other consumers who were not intended recipients. For SPCPs offered by for-profit organizations, the final rule prohibits using race, color, national origin, or sex as eligibility criteria under new § 1002.8(b)(3). The rule also imposes additional conditions requiring written plans to demonstrate need and explain why participants would not receive credit absent the program. For-profit SPCPs using other prohibited bases must provide evidence that each participant would not receive credit due to those specific characteristics. The final rule applies to approximately 12,000 depository institutions and 482,000 non-depository institutions subject to Regulation B.

Agent draft

Not run yet.

Published

2198 chars · nid 92130

Consumer Financial Protection Bureau Issues Final Rule Amending Equal Credit Opportunity Act Regulation B

On April 22, 2026, the Consumer Financial Protection Bureau (CFPB) published a final rule amending Regulation B, which implements the Equal Credit Opportunity Act (ECOA). The final rule addresses three key areas: disparate impact liability, discouragement of applicants, and special purpose credit programs (SPCPs). The key amendments include: No disparate‑impact liability under ECOA: The CFPB determined that the ECOA does not authorize disparate-impact claims. The final rule removes language from Section 1002.6(a) and accompanying commentary indicating that disparate-impact liability applies under the ECOA and adds language clarifying that the Act does not recognize the "effects test." The CFPB concluded that the ECOA's statutory language lacks effects-based language necessary to support disparate-impact liability, distinguishing the ECOA from other antidiscrimination statutes the Supreme Court has found to authorize such claims. Clarified discouragement prohibition: The final rule narrows the prohibition in Section 1002.4(b) to apply only to oral or written statements that a creditor knows or should know would cause a reasonable person to believe the creditor would deny credit or grant less favorable terms because of a prohibited basis characteristic. The rule clarifies that encouraging statements directed at one group of consumers do not constitute prohibited discouragement of other consumers who were not intended recipients. New standards for special purpose credit programs: For SPCPs offered by for-profit organizations, the final rule prohibits using race, color, national origin, or sex as eligibility criteria under new Section 1002.8(b)(3). The rule also imposes additional conditions requiring written plans to demonstrate need and explain why participants would not receive credit absent the program. For-profit SPCPs using other prohibited bases must provide evidence that each participant would not receive credit due to those specific characteristics. The Bureau estimates that the final rule applies to approximately 12,000 depository institutions and 482,000 non-depository institutions subject to Regulation B. The final rule is effective July 21, 2026.
3088126 pc Apr 22, 2026 ataylor British Columbia The British Columbia Securities Commission financial services
headline rewritten 84% of draft length open

Generated

1963 chars

British Columbia Securities Commission Updates Simplified Prospectus Disclosure Requirements for Mutual Funds

On April 22, 2026, the British Columbia Securities Commission (BCSC) released an updated consolidation of Form 81-101F1 Contents of Simplified Prospectus, which establishes disclosure requirements for mutual fund simplified prospectuses under National Instrument 81-101 Mutual Fund Prospectus Disclosure. The form consolidates all amendments effective as of April 22, 2026, and provides comprehensive guidance on required disclosure across two sections: Part A (general information applicable to all mutual funds in a family) and Part B (fund-specific information). Key disclosure areas include mutual fund administration responsibilities, valuation methodologies, net asset value calculations, purchase and redemption procedures, fee structures, dealer compensation arrangements, income tax considerations, and investment risk classification methodologies. The updated form emphasises plain language disclosure requirements and encourages mutual funds to use tables, bullet points, and other organisational techniques to enhance readability. Significant provisions address governance through independent review committees, proxy voting policies, brokerage arrangements, securities lending practices, and derivative usage. For alternative mutual funds, the form requires detailed disclosure of leverage sources and maximum aggregate exposure limits. The form also mandates specific certificate requirements signed by mutual fund trustees, managers, promoters, and principal distributors. Mutual fund organisations must ensure simplified prospectuses comply with these requirements when filing with the BCSC and other Canadian securities regulators. The form applies to all mutual fund prospectus filings in British Columbia and other jurisdictions where mutual funds seek distribution. Organisations should review the updated requirements to ensure their disclosure documents reflect the April 22, 2026, effective date and incorporate all specified amendments.

Agent draft

Not run yet.

Published

1650 chars · nid 92127

British Columbia Securities Commission Amends Investment Fund Rules

On April 22, 2026, the British Columbia Securities Commission adopted amendments to four National Instruments governing mutual funds and other investment funds. The changes are effective April 22, 2026, with a transition period allowing compliance with prior rules until January 1, 2027. The key amendments include: Mutual Fund Prospectus Disclosure (NI 81-101): Simplified prospectuses may include a general introductory section covering risk factors and investment considerations applicable to multiple funds, reducing repetition. The amended rules also clarify that mutual fund shares are not guaranteed and are not covered by the Canada Deposit Insurance Corporation or any government deposit insurer. Investment Funds (NI 81-102): Minor technical corrections were made to update cross‑references, and the appendix listing self‑dealing provisions across Canadian jurisdictions was refreshed. Investment Fund Continuous Disclosure (NI 81-106): Removed line items requiring per‑class or per‑series disclosure in financial statements, simplifying reporting. Minor wording changes were made throughout. Independent Review Committee for Investment Funds (NI 81-107): Managers must prepare an annual "Manager's Report on Related Party Transactions" for each fund, filed with the annual financial statements, listing any reports on related party transactions and describing unreported ones. A new Form 81-107A creates a standardized template for reporting investments in related issuers, requiring details such as date, issuer, price, settlement amount, fees paid to related persons, and whether the purchase was in the primary or secondary market.
3087293 gc Apr 22, 2026 prandeo Netherlands News - Dutch Gambling Authority gamblingcompliance
headline rewritten 89% of draft length open

Generated

1787 chars

Netherlands' Gambling Authority Updates Guidance for Municipalities on Gaming Machine Oversight

The Dutch Gambling Authority (Kansspelautoriteit, KSA) has updated its Gaming Machine Guidance for Municipalities (Wegwijzer Speelautomaten voor Gemeenten), a practical resource designed to support local authorities in supervising and enforcing gaming machine regulations. The updated guidance reflects the most recent legislation and addresses key information gaps identified through consultation with the Association of Dutch Municipalities (Vereniging van Nederlandse Gemeenten, VNG) and individual municipal staff. Municipalities indicated a particular need for greater clarity on illegal gaming offerings and the division of responsibilities between local authorities and the KSA. The revised guidance covers licensing and operation of gaming machines, supervision and enforcement activities, and the duty of care obligations for gaming machine operators. It provides municipalities with practical tools to identify illegal gaming offerings and clarifies the municipal role in addressing such activity. The guidance is intended for use as a standard reference document when addressing questions surrounding gaming machines and similar gaming activities. Ella Seijsener, Director of Licensing and Supervision at the KSA, noted that while the KSA is responsible for the majority of gaming oversight in the Netherlands on a risk-based approach, municipalities also hold supervisory responsibilities. These include issuing presence permits that authorise gaming machines at specific locations and enforcing local regulations against illegal gaming offerings. The updated guidance aims to clarify the scope of municipal responsibilities and support more effective local oversight. The updated Gaming Machine Guidance for Municipalities is available for download from the KSA website.

Agent draft

Not run yet.

Published

1599 chars · nid 50895

Dutch gambling regulator updates guidance on gaming machine oversight

On April 22, 2026, the Netherlands Gambling Authority (KSA) updated its Gaming Machine Guidance for Municipalities, a practical resource designed to support local authorities in supervising and enforcing gaming machine regulations. The updated guidance reflects the most recent legislation and addresses key information gaps identified through consultation with the Association of Dutch Municipalities and individual municipal staff. Municipalities indicated a particular need for greater clarity on illegal gaming offerings and the division of responsibilities between local authorities and the KSA. The revised guidance covers licensing and operation of gaming machines, supervision and enforcement activities, and the duty of care obligations for gaming machine operators. It provides municipalities with practical tools to identify illegal gaming offerings and clarifies the municipal role in addressing such activity. The guidance is intended for use as a standard reference document when addressing questions surrounding gaming machines and similar gaming activities. Ella Seijsener, Director of Licensing and Supervision at the KSA, noted that while the KSA is responsible for the majority of gaming oversight in the Netherlands on a risk-based approach, municipalities also hold supervisory responsibilities. These include issuing presence permits that authorise gaming machines at specific locations and enforcing local regulations against illegal gaming offerings. The updated guidance aims to clarify the scope of municipal responsibilities and support more effective local oversight.
3090657 gc Apr 22, 2026 prandeo Denmark Danish Gambling Authority - Rulings and Reactions gamblingcompliance
headline rewritten 85% of draft length open

Generated

1871 chars

Danish Gambling Authority Issues Orders and Reprimands to 25syv A/S for Anti-Money Laundering Violations

On 20 April 2026, the Danish Gambling Authority issued three orders and four reprimands to 25syv A/S for violations of the Anti-Money Laundering Act. The orders addressed failures in risk assessment under Section 7(1), internal controls under Section 8(1), and politically exposed person screening. Specifically, 25syv did not sufficiently assess risks associated with its online and land-based offerings, failed to document that internal control checks had been carried out, and did not conduct screening for politically exposed persons. The reprimands concerned violations of business procedures under Section 8(1), ongoing customer monitoring under Section 11(1)(5), record-keeping obligations under Section 25(3), and reporting obligations under Section 26(1). These violations occurred in the period prior to 11 January 2026 and included inadequate business procedures, insufficient ongoing monitoring of customers in the land-based offering from 1 October 2023 to 14 December 2025, inadequate record-keeping in connection with investigations, and a failure to report immediately when a money laundering suspicion could not be dismissed. The orders require 25syv to submit an updated risk assessment, documentation confirming internal control checks have been performed, and evidence of politically exposed person screening. The Danish Gambling Authority has set deadlines of one month, three months, and six months for 25syv to remedy the issues. The reprimands do not require corrective action as they concern violations that no longer exist. The authority has published learning points for gambling service providers to ensure compliance with anti-money laundering and counter-terrorism financing requirements. REFERENCES: Danish Gambling Authority (Spillemyndigheden) - Orders and reprimands issued to 25syv A/S for violations of the Anti Money Laundering Act

Agent draft

Not run yet.

Published

1589 chars · nid 50906

Danish Gambling Authority issues orders and reprimands to 25syv A/S for AML breaches

On 22 April 2026, the Danish Gambling Authority announced that they have issued three orders and four reprimands to 25syv A/S for violations of the Anti-Money Laundering Act. The orders relate to failures to conduct adequate risk assessments, implement and document internal controls, and screen customers for politically exposed person (PEP) status. The regulator found that 25syv did not sufficiently assess risks across its online and land-based offerings, failed to document checks ensuring internal controls were carried out, and did not perform PEP screening as required under the AML framework. In addition, four reprimands were issued for historical breaches prior to January 11, 2026. These concerned inadequate business procedures, insufficient ongoing monitoring of land-based customers between October 2023 and December 2025, failures to maintain proper records of AML investigations, and a delay in reporting a suspicion of money laundering that could not be dismissed. The orders require 25syv to take remedial action, including submitting an updated risk assessment and providing documentation demonstrating that internal controls and PEP screening procedures are effectively implemented. The Authority has set deadlines of one, three, and six months to address the deficiencies. The reprimands do not impose further obligations, as the underlying issues have already been resolved. The decision highlights the importance of robust AML frameworks, including risk-based assessments, effective monitoring, proper documentation, and timely reporting of suspicious activity.
3086652 pc Apr 22, 2026 rghosh South Africa National Treasury Republic of South Africa horizon scanning
headline rewritten 81% of draft length open

Generated

2230 chars

South Africa's Competition Commission Launches Review of Regulatory Barriers to Competition and Small and Medium Enterprise Participation

On 22 April 2026, the Competition Commission of South Africa launched a comprehensive review of regulations that may act as barriers to competition and the entry or expansion of firms, particularly small and medium enterprises (SMEs), across all markets in South Africa. The review forms part of national efforts to support inclusive growth, improve the ease of doing business, and strengthen economic competitiveness. President Cyril Ramaphosa highlighted the need to reduce red tape and improve the ease of doing business in his 2026 State of the Nation Address, an issue also raised in the Commission's market inquiries and by stakeholders calling for a more streamlined regulatory system. The Commission will identify and assess regulations, including sector policies and licensing frameworks, that may restrict firm entry or expansion. It will consider whether such rules are necessary to achieve their stated purpose or are overly restrictive in design or application. The review will also examine whether current frameworks adequately address market concentration, the effects of vertical integration on non-integrated firms, potential exclusionary practices, and meaningful participation by historically disadvantaged persons. Examples of regulatory barriers under review include administrative barriers such as complex or lengthy authorisation processes; rules creating or entrenching monopoly supply through exclusive rights or restrictive licensing; licence conditions that unduly limit market participation; unreasonable standards or licensing requirements; restrictions limiting competition on price or non-price factors; and requirements that are poorly implemented, causing delays or unpredictable outcomes. The Commission invites businesses and stakeholders who have experienced regulatory barriers to make submissions identifying the regulation, explaining how it restricts competition or participation, and proposing practical reforms. Submissions should include the submitter's details, a description of products or services offered, the specific regulation posing a barrier, how it affects competition or entry, and proposed reforms. Submissions must be emailed to regulation@compcom.co.za by 5 June 2026.

Agent draft

Not run yet.

Published

1804 chars · nid 92118

South Africa's Competition Commission Launches Review of Regulatory Barriers for SME Participation

On 22 April 2026, the Competition Commission of South Africa launched a comprehensive review of regulations that may act as barriers to competition and the entry or expansion of firms, particularly small and medium enterprises (SMEs), across all markets in South Africa. The Commission will identify and assess regulations, including sector policies and licensing frameworks, that may restrict firm entry or expansion. It will consider whether such rules are necessary to achieve their stated purpose or are overly restrictive in design or application. The review will : Examine whether current frameworks adequately address market concentration. The effects of vertical integration on non-integrated firms. Potential exclusionary practices. Meaningful participation by historically disadvantaged persons. Examples of regulatory barriers under review include administrative barriers such as complex or lengthy authorisation processes; rules creating or entrenching monopoly supply through exclusive rights or restrictive licensing; licence conditions that unduly limit market participation; unreasonable standards or licensing requirements; restrictions limiting competition on price or non-price factors; and requirements that are poorly implemented, causing delays or unpredictable outcomes. The Commission invites businesses and stakeholders who have experienced regulatory barriers to make submissions identifying the regulation, explaining how it restricts competition or participation, and proposing practical reforms. Submissions should include the submitter's details, a description of products or services offered, the specific regulation posing a barrier, how it affects competition or entry, and proposed reforms. Submissions must be emailed to regulation@compcom.co.za by June 5, 2026.
3085343 pc Apr 22, 2026 kgurnani New Zealand Financial Markets Authority financial services
headline kept 58% of draft length open

Generated

2114 chars

New Zealand's Financial Markets Authority Joins Global Initiative Against Unlawful Financial Influencers

On 22 April 2026, the Financial Markets Authority (FMA) joined 16 other regulatory authorities across the globe in the second annual Global Week of Action Against Unlawful Finfluencers. The co-ordinated initiative, which ran during the week beginning 20 April, aimed to tackle risks associated with unlawful financial promotions by online influencers through enforcement actions, regulatory measures, consumer awareness campaigns, and educational programmes. The FMA's participation focused on raising public awareness of the risks involved in engaging with financial influencers (finfluencers) while reminding finfluencers and the financial services industry of legal obligations when promoting or offering financial products or services. The FMA noted that consumers increasingly rely on social media for financial information, exposing them to potentially misleading promotions or fraudulent products. During the week, the FMA contacted 14 finfluencers active across various social media platforms to outline relevant legal obligations and address concerns about their online content or offerings. As a result, misleading or harmful content was removed, including advertisements targeting New Zealanders, with some finfluencers reducing the scope of their services or ceasing to offer services to New Zealand consumers altogether. The FMA identified particular concerns regarding copy trading, where finfluencers encourage followers to replicate their trades, often promoting this as a simple pathway to success. These offerings frequently involve complex, high-risk products supported by luxury lifestyle marketing, which can create a false impression of success and downplay real risks involved. Throughout the week, the FMA released informational social media content, a podcast exploring finfluencer risks and red flags, and updated guidance for both consumers and finfluencers on its website regarding online money advice. **References:** Financial Markets Authority (2026). FMA joins global initiative tackling unlawful influencers. Media Release MR No. 2026–18. Available at: https://www.fma.govt.nz/

Agent draft

Not run yet.

Published

1235 chars · nid 92116

New Zealand's Financial Markets Authority Joins Global Initiative Against Unlawful Financial Influencers

On 22 April 2026, New Zealand's Financial Markets Authority (FMA) joined 16 other regulatory authorities across the globe in the second annual Global Week of Action Against Unlawful Finfluencers. The co-ordinated initiative aimed to tackle risks associated with unlawful financial promotions by online influencers through enforcement actions, regulatory measures, consumer awareness campaigns, and educational programmes. The FMA's participation focused on raising public awareness of the risks involved in engaging with financial influencers (finfluencers) while reminding finfluencers and the financial services industry of legal obligations when promoting or offering financial products or services. The FMA noted that consumers increasingly rely on social media for financial information, exposing them to potentially misleading promotions or fraudulent products. The FMA identified particular concerns regarding copy trading, where finfluencers encourage followers to replicate their trades, often promoting this as a simple pathway to success. These offerings frequently involve complex, high-risk products supported by luxury lifestyle marketing, which can create a false impression of success and downplay real risks involved.
3082858 pc Apr 22, 2026 pthandapani India Reserve Bank of India horizon scanning
headline kept 100% of draft length open

Generated

1526 chars

India's Reserve Bank Issues Consolidated Directions on Digital Payments E-mandate Framework

On April 21, 2026, the Reserve Bank of India (RBI) issued consolidated directions on the Digital Payments – E-mandate framework, 2026. The directions consolidate existing instructions on electronic mandates and incorporate minor amendments based on feedback received from stakeholders. Electronic mandates enable customers to authorise recurring payments through digital channels, streamlining transactions for utilities, subscriptions, loan repayments, and other regular payment obligations. By consolidating extant instructions into a single framework, the RBI aims to provide clarity and consistency for payment service providers, banks, and other financial institutions operating in India's digital payments ecosystem. The consolidated directions address the operational and technical requirements for e-mandate processing, customer authentication, security standards, and dispute resolution mechanisms. The framework applies to all entities involved in facilitating electronic mandates, including banks, payment gateways, and authorised payment system operators. The directions came into effect immediately upon issuance on April 21, 2026. Financial institutions and payment service providers must ensure compliance with the new consolidated framework. The RBI's consolidation of e-mandate instructions reduces regulatory fragmentation and provides stakeholders with a unified set of guidelines for managing recurring digital payments. **Reference:** Reserve Bank of India Press Release 2026-2027/116 (April 21, 2026)

Agent draft

Not run yet.

Published

1526 chars · nid 92111

India's Reserve Bank Issues Consolidated Directions on Digital Payments E-mandate Framework

On April 21, 2026, the Reserve Bank of India (RBI) issued consolidated directions on the Digital Payments – E-mandate framework, 2026. The directions consolidate existing instructions on electronic mandates and incorporate minor amendments based on feedback received from stakeholders. Electronic mandates enable customers to authorise recurring payments through digital channels, streamlining transactions for utilities, subscriptions, loan repayments, and other regular payment obligations. By consolidating extant instructions into a single framework, the RBI aims to provide clarity and consistency for payment service providers, banks, and other financial institutions operating in India's digital payments ecosystem. The consolidated directions address the operational and technical requirements for e-mandate processing, customer authentication, security standards, and dispute resolution mechanisms. The framework applies to all entities involved in facilitating electronic mandates, including banks, payment gateways, and authorised payment system operators. The directions came into effect immediately upon issuance on April 21, 2026. Financial institutions and payment service providers must ensure compliance with the new consolidated framework. The RBI's consolidation of e-mandate instructions reduces regulatory fragmentation and provides stakeholders with a unified set of guidelines for managing recurring digital payments. **Reference:** Reserve Bank of India Press Release 2026-2027/116 (April 21, 2026)
3082858 pc Apr 22, 2026 pthandapani India Reserve Bank of India horizon scanning
headline kept 128% of draft length open

Generated

1526 chars

India's Reserve Bank Issues Consolidated Directions on Digital Payments E-mandate Framework

On April 21, 2026, the Reserve Bank of India (RBI) issued consolidated directions on the Digital Payments – E-mandate framework, 2026. The directions consolidate existing instructions on electronic mandates and incorporate minor amendments based on feedback received from stakeholders. Electronic mandates enable customers to authorise recurring payments through digital channels, streamlining transactions for utilities, subscriptions, loan repayments, and other regular payment obligations. By consolidating extant instructions into a single framework, the RBI aims to provide clarity and consistency for payment service providers, banks, and other financial institutions operating in India's digital payments ecosystem. The consolidated directions address the operational and technical requirements for e-mandate processing, customer authentication, security standards, and dispute resolution mechanisms. The framework applies to all entities involved in facilitating electronic mandates, including banks, payment gateways, and authorised payment system operators. The directions came into effect immediately upon issuance on April 21, 2026. Financial institutions and payment service providers must ensure compliance with the new consolidated framework. The RBI's consolidation of e-mandate instructions reduces regulatory fragmentation and provides stakeholders with a unified set of guidelines for managing recurring digital payments. **Reference:** Reserve Bank of India Press Release 2026-2027/116 (April 21, 2026)

Agent draft

Not run yet.

Published

1955 chars · nid 92110

India's Reserve Bank Issues Consolidated Directions on Digital Payments E-mandate Framework

The Reserve Bank of India (RBI) has released a set of consolidated directions on the processing of recurring transactions via e-mandates for payment system providers and payment system participants. The guidelines prescribe: Registration and revocation procedures including a mandate that customers undertake a one-time registration validated by an additional factor of authentication (AFA), requiring issuers to allow customers to specify maximum transaction values for variable mandates, and mandating that customers be provided with facilities to modify validity periods or withdraw e-mandates at any time. Transaction processing obligations including requiring AFA validation for the first transaction under an e-mandate and stipulating that subsequent recurring payments shall not be subject to any other customer-defined limits or controls. Notification mandates including requiring issuers to send a pre-transaction notification at least 24 hours prior to a debit with an AFA-validated opt-out facility, mandating detailed post-transaction notifications with grievance redressal details, and exempting the auto-replenishment of FASTag and National Common Mobility Card (NCMC) balances from pre-transaction alerts. Transaction limit and velocity check specifications including authorizing general recurring transactions without AFA up to INR15,000 (US$159) per transaction, allowing specific payments like insurance premiums, mutual fund subscriptions, and credit card bills without AFA up to INR100,000 (US$1066) per transaction, and requiring AFA for any amounts exceeding these caps. Dispute resolution and consumer protection requirements including mandating that issuers establish appropriate grievance redressal systems, applying existing RBI instructions on limiting customer liability for unauthorized transactions, and prohibiting any charges to the customer for availing the e-mandate facility. The guidelines take immediate effect.
3081876 pc Apr 22, 2026 tojuri Malta Malta Financial Services Authority horizon scanning
headline kept 102% of draft length open

Generated

1669 chars

Malta Financial Services Authority Launches Consultation on Conduct of Business Rulebook Amendments for Insurance and Investment Firms

On April 21, 2026, the Malta Financial Services Authority (MFSA) launched a consultation on proposed amendments to the Conduct of Business Rulebook (COBR) applicable to insurance business and investment firms. The consultation document (Reference Number: 01-2026) invites stakeholders to provide feedback on the draft amendments to the COBR. The proposed changes aim to update and refine the conduct of business requirements applicable to insurance undertakings and investment firms operating in Malta. The MFSA has made available a draft Conduct of Business Rulebook alongside the consultation document to facilitate stakeholder review and analysis. These amendments form part of the MFSA's broader supervisory framework to ensure that regulated entities maintain appropriate standards of conduct and consumer protection. The consultation seeks input from industry participants, consumer representatives, and other interested parties on the effectiveness and appropriateness of the proposed regulatory amendments. The consultation period closes on May 11, 2026. Stakeholders wishing to submit feedback on the proposed amendments should do so by the expiry date. Following the consultation period, the MFSA will review all submissions received and publish a feedback statement outlining how stakeholder input has been considered in finalising the amendments. The draft Conduct of Business Rulebook and consultation document are available on the MFSA website. **REFERENCE:** Malta Financial Services Authority Consultation Document – Proposed Amendments to the Conduct of Business Rulebook (COBR) Applicable to Insurance Business and Investment Firms (April 21, 2026)

Agent draft

Not run yet.

Published

1707 chars · nid 92102

Malta Financial Services Authority Launches Consultation on Conduct of Business Rulebook Amendments for Insurance and Investment Firms

On April 21, 2026, the Malta Financial Services Authority (MFSA) launched a consultation on proposed amendments to the Conduct of Business Rulebook (COBR) applicable to insurance business and investment firms. The proposed changes aim to update and refine the conduct of business requirements applicable to insurance undertakings and investment firms operating in Malta. The transposition of Directive (EU) 2024/2811 will require a number of amendments to the COBR in order to ensure alignment with the revised MiFID II framework. The amendments are intended to reflect the updated EU requirements and to ensure that the regulatory framework remains consistent with the evolving European legislative landscape governing investment services and activities. In addition to the amendments arising from the transposition of Directive (EU) 2024/2811, the MFSA has identified several necessary updates to the COBR stemming from national regulatory developments. These amendments are intended to clarify existing requirements, provide additional guidance and ensure a consistent application of the rulebook for licence holders. These amendments form part of the MFSA's broader supervisory framework to ensure that regulated entities maintain appropriate standards of conduct and consumer protection. The consultation seeks input from industry participants, consumer representatives and other interested parties on the effectiveness and appropriateness of the proposed regulatory amendments. The MFSA invites comments on all matters in this consultation paper, particularly on the questions outlined throughout the consultation document. Interested parties are encouraged to send their comments by May 11, 2026.
3082650 pc Apr 22, 2026 tojuri Netherlands News and Media financial services
headline rewritten 67% of draft length open

Generated

1958 chars

Netherlands' Personal Data Protection Authority Seeks Input on Automated Decision-Making Guidance

On April 21, 2026, the Autoriteit Persoonsgegevens (AP), the Netherlands' personal data protection authority, launched a consultation seeking input from organisations, experts, and stakeholders on guidance for explaining automated decision-making to individuals. The AP is developing practical guidance to help organisations comply with transparency obligations when making automated decisions that have significant consequences for individuals. Under the General Data Protection Regulation (GDPR), individuals have the right to receive an explanation when organisations make automated decisions affecting them, such as credit assessments or employment screening. The guidance will address what information must be included in explanations: confirmation that automated decision-making occurred; expected consequences and significance of the decision; the underlying logic of the decision; and individuals' rights and how to exercise them. The AP recognises that providing clear explanations can be challenging, particularly when algorithms are inherently difficult to interpret. The guidance will offer practical examples and address scenarios where competing interests arise, such as protecting another individual's data or safeguarding trade secrets. The AP is also conducting research with Utrecht University on effective communication methods for explaining algorithmic decision-making. Upon finalisation, the AP will publish the guidance alongside a step-by-step implementation plan for organisations and an overview of rights for individuals. The consultation period closes on May 26, 2026. Organisations and stakeholders are invited to submit feedback via email to ppa@autoriteitpersoonsgegevens.nl, including practical experiences, successful approaches, or identified challenges. **Reference:** Autoriteit Persoonsgegevens. "AP vraagt input over uitleg bij geautomatiseerde besluitvorming." April 21, 2026. https://autoriteitpersoonsgegevens.nl/

Agent draft

Not run yet.

Published

1313 chars · nid 92101

Dutch Data Protection Authority Launches Consultation on Automated Decision-Making Guidance

On April 21, 2026, the Dutch Data Protection Authority (AP) launched a consultation seeking input from organisations, experts and stakeholders on guidance for explaining automated decision-making to individuals. The AP is developing practical guidance to help organisations comply with transparency obligations when making automated decisions that have significant consequences for individuals. The guidance will address what information must be included in explanations, including confirmation that automated decision-making occurred; expected consequences and significance of the decision; the underlying logic of the decision; and individuals' rights and how to exercise them. The AP recognises that providing clear explanations can be challenging, particularly when algorithms are inherently difficult to interpret. The guidance will offer practical examples and address scenarios where competing interests arise, such as protecting another individual's data or safeguarding trade secrets. Upon finalisation, the AP will publish the guidance alongside a step-by-step implementation plan for organisations and an overview of rights for individuals. The consultation period closes on May 26, 2026. Organisations and stakeholders are invited to submit feedback via email to ppa@autoriteitpersoonsgegevens.nl.
3090430 pc Apr 22, 2026 arahman Russia Bank of Russia financial services
headline kept 79% of draft length open

Generated

1353 chars

Russia's Central Bank Clarifies Collateral Requirements for Bank of Russia Loans

On April 22, 2026, the Bank of Russia issued clarifications to its requirements governing collateral for loans provided by the central bank to credit institutions. Effective May 4, 2026, the Bank of Russia will be permitted to transfer non-market assets between collateral pools of credit organisations in accordance with established procedures. During the initial phase, such transfers will only be possible within the framework of credit organisation reorganisation. The minimum principal balance threshold for loans pledged as collateral by credit organisations to the Bank of Russia has been increased from 2 million rubles to 5 million rubles. Information regarding this minimum threshold will now be published on the Bank of Russia's official website. Additionally, credit organisations will be able to withdraw requests for increases in the value of non-market assets using the unified format for electronic banking messages (УФЭБС). The updated version of the Conditions for Operations on the Provision and Repayment of Bank of Russia Loans Secured by Securities or Rights of Claim under Credit Contracts will apply from May 4, 2026. These amendments apply to credit institutions utilising the Bank of Russia's lending facilities and collateral arrangements. REFERENCES: Bank of Russia Press Release, April 22, 2026. Available at: www.cbr.ru

Agent draft

Not run yet.

Published

1065 chars · nid 92136

Russia's Central Bank Clarifies Collateral Requirements for Bank of Russia Loans

On April 22, 2026, the Central Bank of Russia (CBR) issued clarifications to its requirements governing collateral for loans provided by the central bank to credit institutions. Effective May 4, 2026, the CBR will be permitted to transfer non-market assets between collateral pools of credit organisations in accordance with established procedures. During the initial phase, such transfers will only be possible within the framework of credit organisation reorganisation. The minimum principal balance threshold for loans pledged as collateral by credit organisations to the CBR has been increased from RUB2m (approximately €23,000) to RUB5m (approximately €57,000). Information regarding this minimum threshold will now be published on the CBR's official website. Additionally, credit organisations will be able to withdraw requests for increases in the value of non-market assets using the unified format for electronic banking messages (UFEBS). These amendments apply to credit institutions utilising the CBR's lending facilities and collateral arrangements.
3089784 pc Apr 22, 2026 arahman Slovenia eUprava - Predlogi predpisov ( Proposed Legislation) horizon scanning
headline kept 70% of draft length open

Generated

1578 chars

Slovenia's Ministry of Finance Proposes Amendments to Securities Settlement Regulation

On April 22, 2026, Slovenia's Ministry of Finance published a proposed regulation amending the Regulation on the Implementation of Regulation (EU) on Improving Securities Settlement Arrangements in the European Union and on Central Securities Depositories. The proposed regulation is currently in preparation within the ministry. The amendment aims to update Slovenia's implementation framework for European Union securities settlement rules, which establish requirements for central securities depositories and settlement systems across the EU. The regulation governs the operational and prudential standards for entities involved in securities settlement, including central counterparties and depositories. This update reflects ongoing harmonisation efforts to ensure Slovenian legislation remains aligned with EU regulatory standards in capital markets infrastructure. The public comment period closes on May 22, 2026. Stakeholders, including financial institutions, market participants, and other interested parties, can submit comments during this period. The proposed regulation is referenced under government act number 2026-1611-0032. The timeline indicates the regulation is scheduled to progress through government committee review and cabinet approval during the fourth quarter of 2026, with an anticipated effective date in the fourth quarter of 2026. The full text of the proposed regulation is available on the eUprava portal (Slovenia's e-government platform) for public consultation. **References:** eUprava - Predlogi predpisov (Proposed Legislation Portal)

Agent draft

Not run yet.

Published

1105 chars · nid 92135

Slovenia's Ministry of Finance Proposes Amendments to Securities Settlement Regulation

On April 22, 2026, Slovenia's Ministry of Finance published a proposed regulation amending the Regulation on the Implementation of Regulation (EU) on Improving Securities Settlement Arrangements in the European Union and on Central Securities Depositories. The amendment aims to update Slovenia's implementation framework for the European Union's securities settlement rules under Regulation (EU) 2023/2845, which introduces EU-wide requirements for central securities depositories and settlement systems (CSD). The proposed changes include: Introduction of supervisors for systemically important CSDs. Rules on: Recovery and winding-up plans. Buy-in procedures. Deferred net settlement. Recovery and winding-up plans. Buy-in procedures. Deferred net settlement. Enhanced requirements for withdrawal of authorisation, including asset transfer procedures. The regulation clarifies the division of responsibilities between: Bank of Slovenia. Securities Market Agency. Bank of Slovenia. Securities Market Agency. Comments and feedback are welcome up until May 22, 2026 and can be submitted here .
3085326 pc Apr 22, 2026 tojuri Netherlands Dutch Authority for the Financial Markets horizon scanning
headline rewritten 62% of draft length open

Generated

1845 chars

Netherlands' Financial Markets Authority Fines Arrowstreet Capital for Incorrect Short Position Reporting

On April 20, 2026, the Dutch Authority for the Financial Markets (AFM) imposed an administrative fine of €297,000 on Arrowstreet Capital, Limited Partnership for systematically incorrect reporting of net short positions in two companies listed on Euronext Amsterdam between July 2020 and November 2024. Arrowstreet Capital, a United States-based institutional asset manager, held short positions in Just Eat Takeaway.com and Galapagos. Due to an error in its calculation methodology, Arrowstreet failed to correctly report its net short positions to the AFM on 101 occasions. The reported positions were substantially lower than actual positions, with discrepancies often amounting to tens of millions of euros. In 85 instances, Arrowstreet violated both its reporting obligation to the AFM and its public disclosure obligation. These violations contravened short selling regulations applicable in the Netherlands. Accurate reporting of net short positions is essential for market integrity. The AFM uses such reports to monitor short positions for market abuse, market disruption, and systemic risks. Public disclosure of significant individual short positions provides market participants with critical information regarding negative market expectations for specific companies, enabling investors to make better-informed investment decisions and reducing information asymmetry. Following discovery of the error, Arrowstreet voluntarily notified the AFM, promptly corrected the filings, fully cooperated with the AFM's investigation, and implemented measures to prevent recurrence. In recognition of this cooperative approach, the AFM reduced the fine. Arrowstreet accepted the penalty, and the matter was resolved through simplified proceedings. REFERENCE: Dutch Authority for the Financial Markets (AFM) – Boetebesluit Arrowstreet Capital

Agent draft

Not run yet.

Published

1135 chars · nid 92100

Dutch Authority for the Financial Markets Imposes €297,000 Fine on Arrowstreet Capital for Incorrect Short Position Reporting

In a decision dated April 20, 2026, the Dutch Authority for the Financial Markets (AFM) imposed an administrative fine of €297,000 on Arrowstreet Capital for systematically incorrect reporting of net short positions in two companies listed on Euronext Amsterdam between July 2020 and November 2024. Arrowstreet Capital, a United States-based institutional asset manager, failed to correctly report its net short positions to the AFM on 101 occasions due to an error in its calculation methodology. The reported positions were substantially lower than actual positions, with discrepancies often amounting to tens of millions of euros. In 85 instances, Arrowstreet violated both its reporting obligation to the AFM and its public disclosure obligation. These violations contravened short selling regulations applicable in the Netherlands. Following discovery of the error, Arrowstreet voluntarily notified the AFM, promptly corrected the filings, fully cooperated with the AFM's investigation and implemented measures to prevent recurrence. Arrowstreet accepted the penalty, and the matter was resolved through simplified proceedings.
3085420 pc Apr 22, 2026 tojuri Luxembourg Ministry of Finance horizon scanning
headline kept 100% of draft length open

Generated

1348 chars

Luxembourg's Ministry of Finance Publishes Advisory Board Recommendations on Artificial Intelligence in Finance

On April 21, 2026, Luxembourg's Ministry of Finance published the first recommendations from its Advisory Board on Artificial Intelligence (AI) in Finance. The Advisory Board, comprising high-level experts, was established to provide strategic analysis of opportunities and risks associated with AI integration in the financial sector. The recommendations address how artificial intelligence is transforming the global financial sector by redefining operational modes and innovation dynamics. The Advisory Board's analysis focuses on formulating forward-looking guidance to support Luxembourg's positioning as a leading international financial centre while managing the major challenges that AI integration presents for the sector's future and competitiveness. The recommendations are available in English and provide strategic orientations for stakeholders in Luxembourg's financial sector regarding AI adoption and governance. The publication represents the Ministry of Finance's commitment to ensuring that Luxembourg remains competitive in an evolving financial landscape shaped by artificial intelligence technologies. REFERENCES: Luxembourg Ministry of Finance. Recommendations of the Advisory Board on AI in Finance. Available at: https://mfin.gouvernement.lu/en/actualites/articles/2026/04/recommendations-advisory-board-ai-finance.html

Agent draft

Not run yet.

Published

1348 chars · nid 92099

Luxembourg's Ministry of Finance Publishes Advisory Board Recommendations on Artificial Intelligence in Finance

On April 21, 2026, Luxembourg's Ministry of Finance published the first recommendations from its Advisory Board on Artificial Intelligence (AI) in Finance. The Advisory Board, comprising high-level experts, was established to provide strategic analysis of opportunities and risks associated with AI integration in the financial sector. The recommendations address how artificial intelligence is transforming the global financial sector by redefining operational modes and innovation dynamics. The Advisory Board's analysis focuses on formulating forward-looking guidance to support Luxembourg's positioning as a leading international financial centre while managing the major challenges that AI integration presents for the sector's future and competitiveness. The recommendations are available in English and provide strategic orientations for stakeholders in Luxembourg's financial sector regarding AI adoption and governance. The publication represents the Ministry of Finance's commitment to ensuring that Luxembourg remains competitive in an evolving financial landscape shaped by artificial intelligence technologies. REFERENCES: Luxembourg Ministry of Finance. Recommendations of the Advisory Board on AI in Finance. Available at: https://mfin.gouvernement.lu/en/actualites/articles/2026/04/recommendations-advisory-board-ai-finance.html
3083499 pc Apr 22, 2026 tojuri Malta Financial Intelligence Analysis Unit horizon scanning
headline rewritten 45% of draft length open

Generated

1630 chars

Malta's Financial Intelligence Analysis Unit Reminds Subject Persons of REQ Submission Deadline Group 3

On April 21, 2026, the Financial Intelligence Analysis Unit (FIAU) issued a reminder to all subject persons regarding the approaching deadline for submission of the Risk Evaluation Questionnaire (REQ) under Deadline Group 3. The FIAU emphasised that timely submission of the REQ constitutes a legal obligation under Malta's anti-money laundering and counter-terrorism financing framework. The FIAU cautioned that failure to submit the REQ by the indicated deadline will be classified as a late submission and may expose subject persons to administrative penalties. The questionnaire must be submitted through the CASPAR platform, which serves as the primary submission mechanism for REQ filings. Subject persons requiring assistance with CASPAR or REQ submission procedures are directed to contact the FIAU via email at [email protected]. The reminder applies to all subject persons with certain exceptions. Financial institutions required to submit the REQ through the Malta Financial Services Authority (MFSA) LH Portal are excluded from this deadline group. This exemption applies only to financial institutions that hold licences beyond those covered under the Financial Institutions Act. Subject persons should ensure compliance with the Group 3 deadline to avoid potential administrative sanctions. The FIAU has previously issued reminders for Deadline Group 1 (March 26, 2026) and Deadline Group 2 (April 13, 2026), establishing a staggered submission schedule for different categories of reporting entities. REFERENCES: Financial Intelligence Analysis Unit. REQ Deadline Group 3. Available at: https://www.fiau.org.mt/

Agent draft

Not run yet.

Published

741 chars · nid 92098

Malta Financial Intelligence Analysis Unit Issues Reminder of Upcoming REQ Submission Deadline for Group 3

The Malta Financial Intelligence Analysis Unit (FIAU) has issued another reminder of the 2026 deadline for the Risk Evaluation Questionnaire (REQ). The deadline for the third group of subject entities, including credit institutions, investment services and financial institutions excluding those that are required to submit the REQ through the Malta Financial Services Authority’s LH Portal, is April 23, 2026. Timely submission of the REQ through CASPAR is a legal obligation, and failure to submit by the indicated deadlines will constitute a late submission and may result in subject persons being liable to an administrative penalty. Any queries regarding CASPAR and the submission of REQ 2026 should be sent to caspar@fiaumalta.org .
3099874 pc Apr 22, 2026 arahman Russia Bank of Russia financial services
headline rewritten 68% of draft length open

Generated

1666 chars

Bank of Russia Updates Collateral Requirements for Institutional Loans

On April 22, 2026, the Bank of Russia announced updates to collateral requirements for loans provided to credit institutions, effective from May 4, 2026. The central bank will now permit the transfer of non-marketable assets between credit institutions' collateral pools in accordance with an established procedure. During the initial phase, such transfers will only be permitted as part of a credit institution's reorganisation. The Bank of Russia has also raised the minimum outstanding principal balance of a loan that a credit institution may transfer as collateral from ₽2 million to ₽5 million. Information regarding the updated minimum amount will be published on the Bank of Russia website. Additionally, credit institutions will be able to withdraw requests for increases in the value of non-marketable assets using unified formats of electronic bank messages. Non-marketable assets are defined as claims under loan agreements. The updated Terms and Conditions for the Issue and Repayment of Bank of Russia Loans Backed by Securities or Credit Claims will apply from May 4, 2026. These changes aim to streamline collateral management procedures for credit institutions and enhance the flexibility of the Bank of Russia's lending operations. Credit institutions should review the updated terms and conditions and ensure compliance with the new collateral requirements by the effective date of May 4, 2026. Further details regarding the minimum collateral amounts and procedures are available on the Bank of Russia website. REFERENCES: Bank of Russia. (2026, April 22). Updated collateral requirements for Bank of Russia loans. Retrieved from www.cbr.ru

Agent draft

Not run yet.

Published

1136 chars · nid 92197

Central Bank of Russia Updates Collateral Requirements for Institutional Loans

On April 22, 2026, the Central Bank of Russia (CBR) announced updates to collateral requirements for loans provided to credit institutions, effective from May 4, 2026. The central bank will now permit the transfer of non-marketable assets between banks' collateral pools in accordance with an established procedure. During the initial phase, such transfers will only be permitted as part of a bank's reorganisation. The CBR has also raised the minimum outstanding principal balance of a loan that a bank may transfer as collateral from RUB2m (approximately €23,000) to RUB5m (approximately €57,000). Information regarding the updated minimum amount will be published on the CBR's website. Additionally, banks will be able to withdraw requests for increases in the value of non-marketable assets using unified formats of electronic bank messages. The updated Terms and Conditions for the Issue and Repayment of Bank of Russia Loans Backed by Securities or Credit Claims will apply from May 4, 2026. Banks should review the updated terms and conditions and ensure compliance with the new collateral requirements by the effective date.
3082698 pc Apr 22, 2026 adavies European Union European Securities and Markets Authority horizon scanning
headline rewritten 52% of draft length open

Generated

1659 chars

European Securities and Markets Authority Publishes Updated ESEF Taxonomy to Support IFRS 18 Implementation

On April 21, 2026, the European Securities and Markets Authority (ESMA) published the 2025 European Single Electronic Format (ESEF) XBRL taxonomy files and an updated ESEF Conformance Suite to support issuers and software vendors in preparing 2026 International Financial Reporting Standards (IFRS) consolidated financial statements. The 2025 taxonomy reflects the introduction of IFRS 18 Presentation and Disclosure in Financial Statements, which becomes effective from January 1, 2027, with early application permitted. The updated ESEF taxonomy includes two entry points, enabling issuers to report under either IAS 1 or IFRS 18. This dual-entry approach facilitates understanding of the new reporting structure, encourages timely preparation, and reduces implementation risks for market participants. ESMA confirmed it does not plan to amend the ESEF Regulatory Technical Standards (RTS) or taxonomy during 2026. This decision aligns with the IFRS Foundation's decision not to issue a 2026 IFRS Accounting Taxonomy update, providing greater regulatory stability and extended implementation timelines for stakeholders preparing for the transition to IFRS 18. ESMA encourages issuers and software providers to consult the IFRS Foundation's guidance on the 2025 IFRS Accounting Taxonomy when preparing for upcoming reporting requirements. Stakeholders wishing to provide feedback or raise questions on the 2025 ESEF Taxonomy and Conformance Suite are invited to contact esef@esma.europa.eu. **References:** European Securities and Markets Authority (2026). ESMA support ESEF implementation with updated taxonomy. Available at: https://www.esma.europa.eu/

Agent draft

Not run yet.

Published

856 chars · nid 92092

European Securities and Markets Authority Publishes Updated European Single Electronic Format Taxonomy

On April 21, 2026, the European Securities and Markets Authority (ESMA) published the 2025 European Single Electronic Format (ESEF) XBRL taxonomy files and an updated ESEF Conformance Suite to support issuers and software vendors in preparing 2026 International Financial Reporting Standards (IFRS) consolidated financial statements. The 2025 taxonomy reflects the introduction of IFRS 18 Presentation and Disclosure in Financial Statements, which becomes effective from January 1, 2027, with early application permitted. The updated ESEF taxonomy includes two entry points, enabling issuers to report under either IAS 1 or IFRS 18. ESMA confirmed it does not plan to amend the ESEF Regulatory Technical Standards (RTS) or taxonomy during 2026. This decision aligns with the IFRS Foundation's decision not to issue a 2026 IFRS Accounting Taxonomy update.
← Newer 1851–1900 of 2605 Older →