GRC Report Staff

BaFin is already applying ESMA's forthcoming guidelines on when a supplement to a base prospectus amounts to an impermissible introduction of a new type of security, and it is abandoning its previous administrative practice on product-modifying supplements. Compliance and capital markets teams at issuers of base prospectuses should align their supplement preparation and review processes now, rather than waiting for the formal application date.

ASIC's Form 578 lets registered liquidators request deregistration of companies in court or creditors' voluntary liquidation when the liquidator is not acting or the company's affairs are fully wound up. It is an administrative form, not a new rule, but accurate and timely use matters for closing out liquidations cleanly. Compliance teams that deal with insolvent entities, whether as creditors, group owners, or service providers, should understand the process and its limits.

ASIC has published Form 485 and its accompanying guide, which require directors to lodge a statement within seven days if they pass a negative solvency resolution or fail to pass any resolution within two months of the company's review date. The document restates existing obligations under section 347A of the Corporations Act 2001 rather than introducing new ones. Compliance teams should confirm that review dates, board resolutions, and lodgment deadlines are tracked across all Australian entities.

Japan's Financial Services Agency is soliciting public comments on a draft Cabinet Office Ordinance amending the Financial Statements Rules and Consolidated Financial Statements Rules. The amendments align the rules with revised ASBJ accounting standards, including Standard No. 27 on corporate income tax, and designate recently published standards as generally accepted. Compliance and financial reporting teams at Japan-listed or Japan-reporting entities should assess impacts and consider submitting comments before the October 16, 2026 deadline.

The FCA has permanently banned Nurul Miah, also known as Neil Mia and Neil Miah, from working in financial services after the SRA found he dishonestly caused or allowed more than GBP $28 Million of client money to be taken from client accounts. The case shows that findings by another regulator can lead directly to FCA prohibition, even when the misconduct occurred outside an FCA-regulated firm. Compliance teams should treat it as a reminder to strengthen fitness and propriety screening and ongoing monitoring of approved persons.

The SEC upgraded EDGAR to Release 26.3 on September 14, 2026, adding support for the 2026q3 Fund (FND) taxonomy and ending acceptance of all 2024 taxonomy versions, including quarterly releases. Filers still using 2024 taxonomies in their XBRL submissions risk filing rejections, so compliance and reporting teams should confirm their filing tools and templates are updated.

At the 10th Global Conference on Criminal Finances and Cryptoassets in Luxembourg, AMLA Executive Board Member Simonas Krepšta identified crypto assets as a strategic priority and outlined the Crypto Action Plan for 2026 and beyond. The message for compliance teams is that regulation alone is not enough: AMLA expects effective implementation, convergent supervision and stronger analytics across the EU crypto sector. Firms should anticipate closer supervisory scrutiny and a forthcoming AMLA report on crypto ML/TF risks.