ASIC has completed a targeted surveillance review of licensees offering high-risk products, identifying significant failures in design and distribution obligations (DDO). The findings emphasize that firms must ensure product governance, particularly for complex derivatives and fractional assets, is robust enough to prevent unsuitable retail investor outcomes.
The European Central Bank (ECB) released its 2026 survey results regarding cash acceptance and usage patterns among businesses in the euro area. While cash acceptance rates have stabilized following the pandemic, there is a significant surge in mobile payment adoption and a notable increase in companies implementing digital-only payment measures.
The Financial Conduct Authority (FCA) has issued a formal warning that CTI Capital is providing or promoting financial services in the UK without required regulatory authorization. This alert serves as a critical notice for compliance professionals to identify potential fraudulent activity and protect client assets from unregulated entities.
The Netherlands Authority for Consumers and Markets (ACM) has forced the cruise agency Captain Cruise to remove misleading sustainability claims from its website. This action highlights increasing regulatory scrutiny regarding "greenwashing" and signals a shift toward stricter enforcement of environmental marketing standards.
The Securities and Exchange Commission (SEC) has approved an unopposed motion by FINRA to extend the briefing schedule regarding an application for review filed by Brian Charles Kennedy. This administrative order delays the legal proceedings related to a Section 19(d) review of FINRA's prior actions.
The Securities and Exchange Commission (SEC) has approved the termination of the distribution fund related to an enforcement action against Equity Services, Inc. This order authorizes the transfer of all remaining or future unfeasible funds from the fund to the U.S. Treasury.
The Securities and Exchange Commission (SEC) has approved the final accounting and termination of the distribution fund related to a 2019 enforcement action against Blyth & Associates, Inc. This order concludes the administration of disgorgement and interest funds originally intended for investor restitution following disclosure failures.
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