GRC Report Staff

ASIC's Form 488 and its accompanying Guide set out how companies and registered schemes may apply under section 345B of the Corporations Act 2001 to change their annual review date. Approval is limited to defined circumstances, such as alignment within a corporate group or a common officeholder or responsible entity, or ASIC-assessed exceptional circumstances. Compliance teams managing multiple entities should understand the eligibility criteria, authorization requirements, and fee implications before lodging.

The EBA's July 2026 public hearing presented a discussion paper on extending the Pillar 3 Data Hub (P3DH) to small and non-complex institutions (SNCIs). Under the proposal, the EBA would calculate and publish Pillar 3 disclosures on their behalf from supervisory reporting data, with a staggered publication schedule beginning in Q4 2026. Compliance teams at SNCIs should assess data readiness and reporting gaps now, as new supervisory reporting datapoints and templates are likely to follow.

ASIC's Form 5233 requires the corporate director of a retail corporate collective investment vehicle (CCIV) to notify ASIC within 14 days when its auditor resigns, is removed, dies, is disqualified, or ceases because the CCIV is wound up. Compliance teams should confirm that ASIC consent and the Regulatory Guide 26 (RG 26) disclosures are completed first, because late lodgement triggers late fees and a defective notice is not treated as lodged. The form is dated 1 July 2022, so it is not a new rule, but it remains the operative lodgement document.

ASIC's Form 2213 and its accompanying guide set out the process for a company to change the State or Territory in which it is taken to be registered under section 119A(3) of the Corporations Act 2001. The process requires a special resolution, ministerial approval, and a series of time-bound lodgements and waiting periods. Compliance teams should note that the document is labeled a press release dated 2026-09-16 but contains form versions dated 2011 and 2014, so it appears to be a republished or reference version rather than a new rule.

The FCA has issued a warning about smartpaynet.com, an unauthorized clone firm falsely claiming to be the FCA-authorized Money Compass Limited (FRN 480594). Consumers who deal with the clone have no access to the Financial Ombudsman Service or the Financial Services Compensation Scheme. Compliance teams should treat this as a fraud and impersonation risk that affects customer protection, payment screening, and brand integrity.

ASIC's Form 384 lets directors of eligible small proprietary companies controlled by a foreign company, and not part of a large group, notify ASIC of a resolution not to prepare financial or directors' reports under Instrument 2017/204. The lodgement window is strict and no extensions are available, so a missed filing means the company loses the relief and must prepare, audit, and lodge full financial statements. Compliance teams should note that the form is dated 2017, so the publication date of 2026-09-16 likely reflects a republication or website update rather than a new rule.

Japan's Financial Services Agency has published the results of its public comment process on partial revisions to the Comprehensive Supervisory Guidelines for Financial Instruments Business Operators, etc. The revisions align supervisory expectations for publicly offered investment trusts with IOSCO's May 2025 liquidity risk management recommendations and take effect October 1, 2027. Investment management companies should begin gap assessments now to prepare for the revised supervisory expectations.