The Financial Reporting Council has revised two UK standards covering the use of external experts, tightening the rules around how auditors and assurance practitioners judge the people whose specialist work they rely on.
GRC Report is partnering with Corlytics to bring structured regulatory intelligence directly to readers, integrating the regulatory technology company’s data feeds into our coverage of enforcement actions, supervisory activity and regulatory developments around the world.
Europe’s heatwaves are already killing people on a scale unmatched by any other climate-related hazard on the continent. The European Insurance and Occupational Pensions Authority now says the consequences are beginning to matter for the assumptions on which insurers and pension providers build their businesses.
Gov. Gavin Newsom signed seven bills on September 21 establishing new requirements for data centers, including measures governing electricity costs, water-use disclosures, resource reporting and environmental review. The package is intended to give communities more information about proposed facilities while preventing the costs of serving them from being shifted onto ordinary utility customers.
Saudi Arabia’s Capital Market Authority has approved new requirements for the accounting firms that audit entities under its supervision, tightening the rules around who performs the work, how firms control its quality and what they must do when a regulatory inspection finds problems.
New Zealand’s Financial Markets Authority has given a longer reprieve to climate reporting entities that were supposed to be on their way out of the country’s mandatory disclosure regime but, for now, remain caught inside it.
In recommendations submitted to the European Commission as part of its review of the Markets in Crypto-Assets Regulation, ESMA called for tougher rules on crypto marketing, greater transparency over costs and new requirements for staking, lending and borrowing. It also wants stronger powers to confront unauthorized firms, fraudulent websites and services tied to stablecoins that do not comply with MiCA.
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