GRC Report Staff

BaFin's Executive Director of Banking Supervision said that simpler, more proportionate regulation for small, non-complex institutions depends on demonstrably sound risk management and governance. The speech reviews relief measures already delivered, including a 30 percent leaner MaRisk, a streamlined LSI stress test, and KWG threshold changes. It also signals that BaFin will not answer many MaRisk interpretation questions and expects institutions to exercise their own judgment.

ASIC has published Form 5131, which a member of a registered managed investment scheme uses to apply for the appointment of a scheme auditor under section 331AAC(1) of the Corporations Act 2001. The document is an administrative form, not a new rule. Compliance teams at responsible entities should still understand the process, because it affects audit governance and the accuracy of information lodged with ASIC.

Japan's Financial Services Agency (FSA) published the agenda and materials for the first meeting of its Working Group on the ideal way to provide funding to growing companies. The document is procedural and imposes no new obligations. It does signal early policy thinking on growth-company financing, including the role of banks, which compliance teams should monitor. Note a date discrepancy: the metadata lists 2026-09-16, while the content states the meeting was held September 16, 2020.

ASIC has published Form 5114, which responsible entities of registered schemes use to notify ASIC of a change in compliance plan auditor under s601HI of the Corporations Act 2001. The notice must be lodged as soon as practicable after the change, and it follows a prior ASIC consent process (Forms 5112 and 5113) in cases of resignation or removal. Compliance teams should confirm that auditor transition procedures cover consent, disclosure, and lodgement steps.

ASIC has published Form 525, the notice a liquidator must lodge to disclaim onerous company property under section 568A(1) of the Corporations Act 2001. The form itself is dated 16 February 2015, though the update is listed as 2026-09-15, so it appears to be a republication or catalog entry rather than a new requirement. Compliance teams with exposure to insolvent counterparties should understand how disclaimers affect their rights, claims, and contracts.

ASIC's Form 505 and its accompanying guide set out how appointments and cessations of external administrators, controllers, scheme administrators, and restructuring practitioners must be notified, including strict lodgement periods. The form is dated 29 April 2021 but is listed here with a 2026-09-15 date, so teams should confirm whether it has been reissued or changed. Missed deadlines trigger late fees, and incomplete forms risk rejection. This matters for institutions that act as secured creditors, appoint controllers, or work with insolvency practitioners.

The ECB, through AMI-SeCo, has asked Swift to synchronize its deferred SR 2026 securities message upgrade with the TARGET Services June 2027 release. The ECB concluded that Swift's currently planned Q1 2027 deployment could severely disrupt testing for the T+1 changes in that release. Compliance and operations teams should expect possible timeline shifts and prepare for uncertainty until Swift confirms its final date.