GRC Report Staff

The Ontario Securities Commission hosted a three-part knowledge-sharing webinar series for Ukraine's National Securities and Stock Market Commission (NSSMC), covering investor protection, enforcement, and continuous disclosure. The release imposes no new obligations, but it signals OSC supervisory priorities, notably cross-border fraud and "AI washing," that compliance teams should factor into their risk assessments.

ASIC issued an infringement notice to Fundo Loans Pty Ltd on 11 September 2026. The notice alleges that website claims of "no credit check" loans were false or misleading, in breach of section 12DB(1)(e) of the ASIC Act, and carries an AUD $19,800 penalty. The action shows that ASIC will enforce against marketing claims that conflict with actual underwriting practices, including in the small-amount lending segment.

The HKMA raised its Base Rate by 25 basis points to 4.25%, effective immediately, after the Fed lifted the federal funds target range to 3.75-4%. This is a mechanism-driven adjustment rather than a new regulatory requirement, but it widens the HKD-USD rate differential and may increase carry trade activity and pressure on the Hong Kong dollar. Compliance teams should assess the impact on interest rate risk, customer disclosures, and pricing governance.

The Ontario Securities Commission has approved an extension of the exemptions in Coordinated Blanket Order 81-930 from certain repurchase transaction requirements for investment funds. The source document was available only as a PDF, so this analysis rests on the title and metadata and should be confirmed against the full text. Compliance teams at fund managers should verify the extension's terms and confirm that their funds' reliance on the relief continues without a gap.

At the SEC's roundtable on 24-hour trading, Commissioner Mark Uyeda said technology is no longer the main constraint on overnight trading. He said the open questions concern whether market participants and regulators can manage clearing, settlement, staffing, resiliency, and liquidity risks around the clock. The speech creates no new requirements, but it signals the areas where future rulemaking or supervisory focus is likely, so compliance teams should begin assessing readiness now.

Japan's Financial Services Agency has ordered a respondent to pay an administrative monetary penalty of JPY $6.27 Million under Article 185-6 of the Financial Instruments and Exchange Act (FIEA) for manipulating two stocks, separate from a related Base Food Co., Ltd. matter. The decision follows a recommendation from the Securities and Exchange Surveillance Commission (SESC) and a full adjudication process. It shows that Japanese authorities actively pursue market manipulation through administrative enforcement.

De Nederlandsche Bank fined trust office Erez Corporate Service B.V. EUR $95,000 for failing to commission the mandatory annual audit for 2019. The fine is now final after Erez withdrew its further appeal, and it shows that DNB treats the audit requirement as a core safeguard. Trust offices and other regulated firms should confirm that their audit commissioning processes are documented and monitored.