On July 31, 2026, Peter Burke, Ireland's Minister for Enterprise, Tourism and Employment, signed a commencement order bringing the Regulation of Artificial Intelligence Act 2026 (No. 31 of 2026) into operation. The Regulation of Artificial Intelligence Act 2026 (Commencement) Order 2026 (S.I. No. 403/2026), was published in the official gazette on August 7, 2026. The Regulation of Artificial Intelligence Act 2026 establishes a comprehensive framework for regulating artificial intelligence (AI) systems and applications in Ireland. The act creates obligations for AI providers and deployers, establishes risk-based requirements, and introduces enforcement mechanisms through designated market surveillance authorities. The commencement order activates the Regulation of Artificial Intelligence Act 2026 with effect from July 31, 2026. However, the order excludes paragraphs (a) and (e) of the definition of "applicable market surveillance authority" in Section 78 of the act from this commencement date, meaning these specific provisions will come into operation at a later date to be determined.

3392673 pc Aug 11, 2026 rghosh Colombia Ministry of Finance and Public Credit horizon scanning

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875 chars

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5012 chars · nid 94520

Colombian Ministry of Finance and Public Credit Issues Decree Establishing a Financial Portability Framework

On August 4, 2026, the Ministry of Finance and Public Credit of Colombia issued Decree 0977 of 2026, amending Decree 2555 of 2010 to introduce a financial portability framework as a service within the open finance system. The Decree is issued in development of Article 94 of Law 2294 of 2023 (National Development Plan), which grants financial consumers the right to request the transfer of their financial products between supervised entities. It takes effect the day following its publication, with the Financial Superintendency of Colombia required to publish portability standards within 24 months and to include the portability scheme in its standardisation schedule within two months of publishing that schedule. Key provisions include: Definition and scope: Financial portability is defined as the right of a financial consumer to request, at any time, the transfer of credit products held with an originating supervised entity to a receiving supervised entity, together with the associated information contained in the financial portability certificate. The framework applies to all entities supervised by the Financial Superintendency of Colombia that participate in the open finance system and offer eligible portability products. Eligible products: Products subject to financial portability are commercial credit portfolio products (excluding rediscount credits), consumer credit portfolio products, and mortgage credit portfolio products including residential leasing. Residential leasing contracts are expressly included, with lessees permitted to port their contract to any other entity authorised to carry out residential leasing operations. Portability certificate: The originating entity must issue a portability certificate to the receiving entity within three business days of receiving the request, containing at minimum the product identification and holder details, current balance, product characteristics, payments and associated fees, existence of guarantees, and the last 12 months of transactional history. The certificate has a validity of five calendar days in standard cases or 30 calendar days where the product is backed by payroll deductions or guarantees requiring registration. Information in the certificate may only be used to carry out the portability study and may not be used for any other commercial purpose. Portability procedure: The consumer presents the portability request to the receiving entity, which requests the portability certificate from the originating entity. The receiving entity carries out a portability study and communicates its decision within five calendar days in standard cases or 30 calendar days where registration of guarantees is required. If the decision is positive, the receiving entity presents a portability offer, which the consumer has five business days to accept or reject. Upon acceptance, the receiving entity formalises the product and the originating entity issues a release. The process is considered finalised once any applicable guarantee is registered in favour of the receiving entity. Portability offer: The offer must contain clear, complete, and comparable conditions including at minimum economic conditions, rates, terms, commissions, associated costs, and applicable terms. Once presented in the portability framework, the offer is irrevocable in accordance with Article 846 of the Commercial Code. Gratuity: The portability process may not generate any cost, penalty, or additional charge to the financial consumer, without prejudice to costs associated with the transfer, appraisal, assignment, or subrogation of guarantees backing the product. Portability of mortgage credits does not generate notarial, registration fees, or stamp taxes pursuant to Law 546 of 1999 . Consumers may withdraw from the process at any time before accepting the portability offer without incurring costs, penalties, or negative credit reports. Obligations of participating entities: Entities must implement interoperability mechanisms, make all available channels accessible to consumers, guarantee secure, standardised, and free access to portability information, refrain from imposing technical, contractual, or economic barriers, provide clear and timely information, establish complaint and dispute resolution protocols, act with due diligence to ensure seamless execution, facilitate cancellation and transfer mechanisms when products are linked to structured schemes or securitisations, and report information required by the Financial Superintendency of Colombia for supervisory purposes. Implementation timeline: Entities must enable access to the information comprising the portability certificate within 12 months of the issuance of the relevant open finance standards, with the Financial Superintendency of Colombia able to extend this period once by up to six months. The Financial Superintendency must publish portability standards and define reporting information within 24 months of the Decree's entry into force.

3392672 pc Aug 11, 2026 rghosh Colombia Ministry of Finance and Public Credit horizon scanning

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I appreciate the detailed instructions, but I must note that the source material provided does not contain substantive regulatory content. The webpage excerpt consists entirely of navigation menus, file metadata, and document management system information from Colombia's Ministry of Finance and Public Credit website. The only identifiable regulatory artifact is: **DECRETO No. 0978 DEL 4 DE AGOSTO DE 2026** (Decree No. 0978 of August 4, 2026) However, the actual content of this decree is not included in the provided material—only its file properties (7 MB PDF, created August 5, 2026, modified by Fabio Cardozo) are visible. **I cannot generate a meaningful Horizon Scanning update** because: 1. The decree's substantive provisions are not disclosed in the source material 2. No regulatory changes, requirements, or policy objectives are described 3. The document title alone provides insufficient detail to summarize its purpose or impact 4. No effective dates, applicability scope, or stakeholder guidance are evident **To proceed, I would need:** - The actual text or summary of Decree No. 0978's regulatory provisions - Clarification of its subject matter (taxation, financial regulation, institutional restructuring, etc.) - Any accompanying explanatory documents or press releases If you can provide the substantive content of this decree or an alternative source document with regulatory detail, I will generate a compliant Horizon Scanning update immediately.

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fetch https://www.minhacienda.gov.co/decretos-2026/-/document_library/eryu/view_file/3475954?_com_liferay_document_library_web_portlet_DLPortlet_INSTANCE_eryu_redirect=https%3A%2F%2Fwww.minhacienda.gov.co%3A443%2Fdecretos-2026%3Fp_p_id%3Dcom_liferay_document_library_web_portlet_DLPortlet_INSTANCE_eryu%26p_p_lifecycle%3D0%26p_p_state%3Dnormal%26p_p_mode%3Dview&_com_liferay_document_library_web_portlet_DLPortlet_INSTANCE_eryu_fileEntryId=3475954 browser · 3482 chars · 0 links
search "Colombia Ministry of Finance decree 2026" → nids 94471, 94468, 95321, 93847, 94520
fetch https://www.minhacienda.gov.co/decretos-2026 refused (not a fetched link)
search "Colombia Ministry of Finance Decree 0978 August 2026" → nids 94471, 94468, 95321, 94520, 94514

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6828 chars · nid 94519

Colombian Ministry of Finance and Public Credit Issues Decree Establishing a Securitisation Framework for MSME Assets

On August 4, 2026, the Ministry of Finance and Public Credit of Colombia issued Decree 0978 of 2026, to establish a special regulatory framework for the securitisation of assets originated by micro, small and medium-sized enterprises (MSMEs). The Decree also amends Decree 2555 of 2010. Key provisions include: Eligible administrators and legal vehicles: Trust companies and non-mortgage asset securitisation companies are authorised to administer MSME securitisation processes. The securitisation may be structured through universalities created by non-mortgage asset securitisation companies or through autonomous trusts created by trust companies pursuant to irrevocable trust agreements. Eligible underlying assets: Underlying assets must correspond to any economic right that allows the MSME originator to demand payment of a sum of money from a third party in the course of its corporate purpose, including credit portfolios, credit documents, real estate assets, agricultural and agro-industrial products and other commodities, rents, and determinable cash flows based on statistics or projections. Assets may not include mortgage assets. They must generate actual or future cash flows assignable to the universality or autonomous trust, and must be transferable in accordance with applicable law. Cash flow methodology: Underlying assets must generate a current or future cash flow to fund payment of the titles issued. A mathematical or statistical estimation method consistent with generally accepted accounting principles must be defined and applied to determine that cash flow, and may be determined by the administrator, the originator, or a designated third party. Asset transfer: Transfer of underlying assets and their supporting documentation does not produce novation and is perfected exclusively through transfer of the representative title of the right over the asset or by assignment of the originating contract. Automatic registration and public offering: Titles issued in MSME securitisation processes covered by Title 12 will be automatically registered in the National Registry of Securities and Issuers (Registro Nacional de Valores y Emisores or RNVE) and their public offering authorised, subject to prior submission of the required documentation. The Financial Superintendency of Colombia may review the documentation and require adjustments at any time. Emission programmes and accrual schemes: Administrators may register multi-issuance emission programmes in the RNVE for up to five years, renewable in equal periods. The emission regulations and placement prospectus must specify the characteristics applicable to individual issuances, including whether these are executed through separate universalities or autonomous trusts, or through a single vehicle incorporating an accrual scheme. Risk management obligations apply to the successive incorporation of assets under accrual schemes. Administrators of the securitisation process: Administrators must ensure compliance with the emission and placement regulations, protect the rights of title holders, and are empowered to manage the universality or autonomous trust, structure or administer previously structured processes, act simultaneously as administrators of the underlying assets where applicable, and take judicial or extrajudicial action for the protection of the underlying assets and title holders. Underlying asset administrator: Each securitisation process must have an underlying asset administrator, who may be the originator or a third party, and whose functions cover conservation, custody, collection, transfer of cash flows, and reporting. The administration contract must set out conditions and requirements for idoneity, operational capacity, remuneration, custody obligations, specific administration obligations, liability regime, and causes of termination and substitution. Credit support and security mechanisms: Internal or external credit support and security mechanisms may be incorporated at the discretion of the process administrator. The originator must retain in its balance sheet, throughout the life of the securitisation, no less than 5% of all effectively securitised assets, with methodology and periodic verification requirements to be set out in the emission regulations. Risk ratings and financial indicators: Emissions structured under Title 12 do not require a risk rating. Where no rating is obtained, financial ratios and business indicators must be incorporated to allow investors to assess the main risks of the emission. These may be calculated by authorised price providers using methodologies adapted to MSME characteristics. The Financial Superintendency of Colombia may establish special listing requirements for exchanges and trading systems related to these indicators. Titles: Titles must be dematerialised, may be denominated in Colombian legal tender, basic value units, tax value units, real value units, or foreign currency, and may incorporate diverse series. Capital payments may be made during the life of the titles or at maturity. Representative of title holders: Securitisation processes may optionally appoint a representative of title holders, who must be independent of the issuer and technically and administratively capable of exercising legal representation of securities holders. Where this figure is not used, an independent third party must be appointed to verify compliance with obligations of the originator, underlying asset administrator, and other process participants. Simplified information prospectus and disclosure: A simplified information prospectus in digital format must be prepared for each emission and made permanently available on the administrator's website, together with the emission and placement regulations, quarterly performance reports, financial indicators, and financial statements. Relevant events materially affecting the emission structure, asset administrator compliance, or the risks of the emission must be disclosed immediately through the Financial Superintendency of Colombia's website. The standard periodic information regime applicable to other issuers under Decree 2555 of 2010 does not apply to these securitisation processes. Assembly of title holders: An assembly of title holders governs material decisions, including modification of payment terms, changes to underlying asset administration structures, and transaction agreements affecting the securitisation. The issuer or holders representing at least 10% of titles in circulation may convene the assembly, and if not convened, may request the Financial Superintendency of Colombia to do so. It takes effect the day following its publication, and the Financial Superintendency of Colombia has 12 months from that date to issue the implementing instructions.

3392668 pc Aug 11, 2026 rghosh Colombia Ministry of Finance and Public Credit horizon scanning

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I appreciate your detailed instructions, but I must note that the source material provided does not contain substantive regulatory content suitable for a horizon scanning update. The webpage excerpt consists entirely of metadata, file management information, and navigation menu structures from Colombia's Ministry of Finance and Public Credit (Ministerio de Hacienda y Crédito Público) website. It references "Decreto No. 1044 del 5 de agosto de 2026" but provides no details about the decree's substance, objectives, applicability, or significance. The available information includes only: - A decree number and date (August 5, 2026) - File metadata (creation date August 7, 2026; file size 2.1 MB; PDF format) - Navigation categories and archival structure - No substantive policy content **To generate a compliant horizon scanning update, I would require:** - The actual text or summary of Decree 1044's provisions - Its regulatory purpose and scope - Affected stakeholders or sectors - Implementation or effective dates - Any transitional provisions or compliance requirements Without this substantive content, creating an update would require fabrication, which violates the instruction to "be factual only" and never to "fabricate details to meet the word count." Please provide the full decree text or a source document containing the regulatory substance, and I will immediately generate a compliant update.

Agent draft

$0.06 · 55.1s · 1223 chars

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I appreciate your detailed instructions, but I must note that the source material provided consists entirely of metadata and navigation elements from a Colombian Ministry of Finance and Public Credit webpage. The content does not include the actual text, provisions, or substantive details of Decree 1044 of August 5, 2026. The metadata indicates: - Document: Decreto No. 1044 del 5 de agosto de 2026 - File format: PDF (2.1 MB) - Created/Modified: August 7-10, 2026 - Status: Approved (Versión 1.0) However, without access to the decree's actual content, I cannot generate a substantive Horizon Scanning update that meets your requirements for factual accuracy, specific provisions, jurisdictional impact, and the 200-250 word body text standard. **To proceed, I would need:** - The full text or substantive summary of Decree 1044 - Details of what regulatory changes, amendments, or provisions it contains - Information about affected sectors, entities, or compliance requirements - Effective dates and implementation timelines - Any related legislative or regulatory context Please provide the actual decree content or a summary of its provisions, and I will generate a compliant Horizon Scanning update immediately.

4 tool calls

fetch https://www.minhacienda.gov.co/decretos-2026/-/document_library/eryu/view_file/3476003?_com_liferay_document_library_web_portlet_DLPortlet_INSTANCE_eryu_redirect=https%3A%2F%2Fwww.minhacienda.gov.co%3A443%2Fdecretos-2026%3Fp_p_id%3Dcom_liferay_document_library_web_portlet_DLPortlet_INSTANCE_eryu%26p_p_lifecycle%3D0%26p_p_state%3Dnormal%26p_p_mode%3Dview&_com_liferay_document_library_web_portlet_DLPortlet_INSTANCE_eryu_fileEntryId=3476003 http · 0 chars · 0 links
search "Colombia Ministry of Finance decree 2026" → nids 94471, 94468, 95321, 93847, 94520
fetch https://www.minhacienda.gov.co/decretos-2026 refused (not a fetched link)
search "Colombia Ministry of Finance Decreto 1044 August 2026" → nids 95321, 94471, 94468, 93847, 94520

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2769 chars · nid 94514

Colombian Ministry of Finance and Public Credit Issues Decree on International Investments Registration

On August 5, 2026, the Ministry of Finance and Public Credit of Colombia issued Decree 1044 of 2026, amending Decree 1068 of 2015 , the Single Regulatory Decree for the Finance and Public Credit Sector, in relation to the registration of changes in holders, destination or recipient company of international investments, and the cancellation of such investments. The amendment eliminates the six-month deadline that previously applied to the registration of changes in the holders, destination, or recipient company of an international investment, and to the cancellation of investments. Under the prior framework established by Decree 119 of 2017 , failure to register within that period constituted an exchange infraction attracting sanctions of up to 200% of the proven infraction amount under Decree Law 1746 of 1991. Key provisions include: Open-ended registration: Investors and their attorneys-in-fact must present to the Banco de la República, at any time, a registration declaration covering initial or additional investments, changes in holders, destination or recipient company, or cancellations. Recipient companies may equally file registration declarations for their investors' investments, changes, and cancellations at any time. Registration procedure: Initial and additional investments that include changes in holders, destination, or recipient company, and the corresponding cancellations, are considered registered upon submission of the declaration in the form and conditions determined by the Banco de la República. For investments channelled through the foreign exchange market, the corresponding exchange declaration serves as the registration declaration. For investments without foreign exchange channelling, registration is carried out in accordance with procedures established by the Banco de la República. The Banco de la República may also establish special registration procedures based on the nature or class of the investment or the transaction or acquisition mechanisms involved. Tax obligations unaffected: The amendment does not modify the formal tax obligations of investors relating to income tax declarations arising from changes in ownership of foreign investments and indirect disposals under Decree 1625 of 2016 . The National Tax and Customs Directorate (DIAN) may require investors or their representatives to produce evidence of registration with the Banco de la República for tax compliance purposes. Retroactive application of the favourability principle: In exchange infraction proceedings currently underway, the modifications introduced by this Decree must be taken into account in accordance with the principle of favourability. The decree takes effect the day following its publication in the official gazette.

3393611 pc Aug 11, 2026 rghosh US Track 3 U.S. Securities and Exchange Commission financial services

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U.S. Securities and Exchange Commission Charges Private Fund Adviser Adit Ventures Management in Fraud Case

On August 10, 2026, the U.S. Securities and Exchange Commission (SEC) charged New York-based investment adviser Adit Ventures Management LLC, its chief executive Eric Munson, and three affiliated general partners—Adit Ventures LLC, Adit Ventures II LLC, and Adit Ventures III LLC—with defrauding investors and misappropriating client funds in connection with pre-IPO share investments. According to the SEC's complaint filed in the U.S. District Court for the Southern District of New York, from at least April 2019 through December 2024, the defendants allegedly used false claims to persuade investors to contribute capital to Adit-managed funds, including misrepresenting ownership of pre-IPO shares in companies such as SpaceX and Klarna. The SEC alleges the defendants regularly used client capital for their own benefit, including taking unsecured loans from funds on favorable terms without authorization or adequate disclosure to investors. The defendants allegedly violated fiduciary duties by purchasing pre-IPO shares and causing client funds to buy those shares at inflated prices while misrepresenting acquisition costs. The SEC further alleges the defendants overcharged client funds millions in unauthorized acquisition fees, improperly pledged client assets as collateral for a $10 million line of credit used to pay personal obligations, and failed to register as an investment adviser. The charges include violations of the Securities Act of 1933, the Securities Exchange Act of 1934, and the Investment Advisers Act of 1940. Without admitting the allegations, the defendants consented to a judgment subject to court approval, agreeing to permanent injunctions against violating charged provisions of federal securities laws. The court will determine disgorgement, prejudgment interest, and civil penalties. Munson agreed to an associational bar with eligibility to apply for reentry after three years.

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1823 chars · nid 94510

US Securities and Exchange Commission Charges Adit Ventures Management for Alleged Fraud

On August 10, 2026, the US Securities and Exchange Commission (SEC) charged New York-based investment adviser Adit Ventures Management LLC, its chief executive Eric Munson, and three affiliated general partners — Adit Ventures LLC, Adit Ventures II LLC, and Adit Ventures III LLC — for defrauding investors and misappropriating client funds in connection with pre-IPO share investments. According to the SEC's complaint filed in the US District Court for the Southern District of New York, from at least April 2019 through December 2024, the defendants allegedly used false claims to persuade investors to contribute capital to Adit-managed funds, including misrepresenting ownership of pre-IPO shares in companies such as SpaceX and Klarna. The SEC alleges the defendants regularly used client capital for their own benefit, including taking unsecured loans from funds on favorable terms without authorization or adequate disclosure to investors. The defendants allegedly violated fiduciary duties by purchasing pre-IPO shares and using client funds to buy those shares at inflated prices while misrepresenting acquisition costs. The SEC further alleges the defendants overcharged client funds millions in unauthorized acquisition fees, improperly pledged client assets as collateral for a $10m line of credit used to pay personal obligations, and failed to register as an investment adviser. The charges include violations of the Securities Act of 1933 , the Securities Exchange Act of 1934 , and the Investment Advisers Act of 1940. Without admitting the allegations, the defendants consented to a judgment subject to court approval, agreeing to permanent injunctions against violating charged provisions of federal securities laws. The court will determine disgorgement, prejudgment interest, and civil penalties.

3392108 pc Aug 11, 2026 csoo United Kingdom Financial Conduct Authority horizon scanning

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Financial Conduct Authority Publishes High-Growth Firms Governance and Risk Management Review

On March 2026, the Financial Conduct Authority (FCA) published findings from its Early and High Growth Oversight pilot, which assessed governance, risk management and control frameworks at 15 rapidly expanding firms across asset management, wealth management and payments sectors. The pilot ran between July 2025 and March 2026 and aimed to identify high-growth firms earlier and support them as they establish and evolve their business. The FCA identified examples of good and poor practice across six key areas. On governance and senior management oversight, stronger firms maintained Board and Committee structures with defined roles, regular risk oversight and high-quality management information. Weaker firms showed governance arrangements that had not kept pace with growth, including ineffective meeting structures and insufficient independent challenge. On risk management frameworks, better-performing firms used risk-focused committees and reduced dependency on single individuals through cross-training. Poorer performers relied heavily on key individuals with limited succession planning. Regarding resourcing and capability, stronger firms invested in staff and technology while preparing early for regulatory changes. Weaker firms failed to update policies and procedures as business models evolved. On systems and controls, better firms had proactive cyber and operational resilience arrangements with structured governance over emerging technologies including artificial intelligence (AI). Poorer performers showed insufficient conflict management and outdated management information. On financial resilience, stronger firms proactively monitored liquidity and counterparty exposures using stress testing. Weaker firms had wind-down plans that were not current or proportionate. On consumer outcomes, better firms actively reviewed products, benchmarked services and monitored fair value. Poorer performers lacked active outcome monitoring, increasing consumer harm risks. The FCA provided individual feedback to all pilot firms and encourages all growing firms to assess whether their arrangements remain appropriate for their size, scale and complexity. Where gaps are identified, firms should address them timely and proportionately. The FCA will use insights from this work to inform its supervisory approach and consider how data-led approaches can support earlier identification of emerging risks.

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3143 chars · nid 94512

UK's Financial Conduct Authority Publishes High-Growth Firms Governance and Risk Management Review

On August 10, 2026, the Financial Conduct Authority (FCA) published findings from its Early and High Growth Oversight pilot, which assessed governance, risk management and control frameworks at 15 rapidly expanding firms across asset management, wealth management and payments sectors. The pilot ran between July 2025 and March 2026 and aimed to identify high-growth firms earlier and support them as they establish and evolve their business. The FCA identified examples of good and poor practice across six key areas: 1. Governance and senior management oversight Good: clear Board and Committee structures with defined roles; regular risk and compliance oversight; documented decisions and challenge; boards strengthened with independent or non-executive members. Poor: governance outpaced by growth; ineffective meeting scope, frequency and format; responsibility concentrated in few individuals; incomplete or missing minutes and poor recording of attendance, quorum, conflicts and actions. 2. Risk management frameworks Good: risk committees escalating enterprise-wide risks to the Board; clear risk appetites and key risk indicators; cross-training to reduce key-person dependency. Poor: reliance on key individuals with weak succession planning; risk resourcing not scaled to complexity, especially with deeper third-party use or AI; policies and suitability frameworks not updated as target markets changed. 3. Resourcing, capability and scalability Good: investment in recruitment, training and technology; compliance strengthened through resourcing, updated financial crime frameworks and enhanced transaction monitoring; early preparation for safeguarding requirements; delaying new regulated activities until existing controls were robust. Poor: capability and control frameworks lagging changes in business model or customer base, including infrequent suitability framework reviews. 4. Systems, controls and Management Information (MI) Good: recognised security standards, penetration testing, third-party oversight and structured governance of AI; conflicts identified across group relationships, co-manufacturing, shared resources and combined senior roles, with clear escalation; controls improved after cyber incidents. Poor: weak conflicts arrangements; outdated MI citing superseded documents or meetings; insufficient evidence of change control, data governance, cyber testing, third-party oversight and resilience planning. 5. Financial resilience Good: proactive monitoring of liquidity and counterparty exposures; stress testing of cost base and regulatory capital viability. Poor: wind-down plans not current, practical or proportionate; the FCA notes these should be paired with notification obligations such as SUP 15 . 6. Consumer and market outcomes Good: regular product or portfolio reviews, benchmarking and transparent client reporting; provider and platform due diligence focused on customer outcomes; client feedback informing growth decisions. Poor: insufficient assessment of customer outcomes and fair value, raising foreseeable harm risk where products no longer suit the target market.