The Danish Financial Supervisory Authority (Finanstilsynet) has concluded a functional inspection of Core Property P/S, identifying significant deficiencies in the preparation and control of PRIIP KID documents. This finding highlights critical failures in fund-specific risk reporting and necessitates immediate remedial action to ensure investor protection.
De Nederlandsche Bank (DNB) has announced an extension of its non-enforcement period regarding the separation of banking and trading books. This decision follows guidance from the European Banking Authority (EBA) to mitigate operational complexity and legal uncertainty during the implementation of the Fundamental Review of the Trading Book (FRTB).
The Financial Conduct Authority (FCA) has issued Policy Statement PS26/17, finalizing rules to strengthen liquidity risk management for UCITS and Non-UCITS Retail Schemes (NURS). These updates aim to improve the use of anti-dilution tools and enhance how authorized fund managers (AFMs) monitor the liquidity of held securities.
The Hong Kong Securities and Futures Commission (SFC) has initiated criminal proceedings against an individual for failing to comply with statutory notices issued during market manipulation investigations. This case highlights the legal consequences of failing to produce requested records or attend mandatory interviews under the Securities and Futures Ordinance (SFO).
The Danish Financial Supervisory Authority (Finanstilsynet) conducted a functional inspection of Navigare Capital Partners A/S, revealing non-compliance with PRIIP regulation requirements. The findings highlight critical discrepancies in how return targets and cost influences are disclosed to investors.
The Financial Conduct Authority (FCA) has issued guidance regarding the upcoming transition to a T+1 securities settlement cycle on 11 October 2027. While many market participants are progressing well, the regulator expressed specific concerns regarding the readiness of buy-side firms and those failing to meet critical implementation deadlines.
The New York Department of Financial Services (DFS) has issued new guidance and a draft regulation to implement reforms from the FY27 Budget regarding the Independent Dispute Resolution (IDR) process. These updates aim to refine how disputes between out-of-network providers and health insurers are handled, specifically impacting Medicaid Managed Care and certain state health plans.
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