Compliance & Ethics

Commissioner Hester Peirce issued a statement supporting SEC proposals to rescind Exchange Act Rule 14a-8, the federal mechanism for shareholder proposals in company proxy materials, and to simplify other proxy solicitation requirements. If adopted, authority over shareholder proposal access would shift largely to state law and company governance. Compliance and corporate governance teams should prepare for a period of uncertainty and a changed engagement model. The statement is a commissioner's views on proposals, not a final rule, and no effective dates are given.

EIOPA's final Q&A (ID 3567) confirms that bonds on the balance sheet but lent out through repurchase or securities lending transactions must be included in the CSSR numerator for the revised volatility adjustment. Derivative bond exposures, such as forward purchases, are excluded. Insurers should align their CSSR methodology and data processes with this interpretation before the January 2027 implementation date.

The Netherlands Authority for Consumers and Markets (ACM) has issued a consultation draft policy rule setting out when telecom providers will be treated as having met their information obligations under Article 7.2ab of the Telecommunications Act. Providers that follow the rule, particularly the Annex template, will in any case be considered compliant. This gives compliance teams a practical safe harbor and signals enforcement focus on passive-contract customers and loyalty-based price discrimination.

ASIC's Form RL31 is the mechanism registered liquidators must use to notify the regulator of inaccuracies in annual liquidator returns, annual administration returns, and end of administration returns. The notice must be lodged within ten business days of when the liquidator could reasonably be expected to be aware of the event, and late lodgement attracts fees. Compliance teams at firms that provide or rely on insolvency services should confirm that their processes can meet this deadline. The document is an existing form and guide, not a new rule, though it is presented as a press release dated 2026-09-16.

The Federal Open Market Committee voted 12-0 to raise the federal funds target range by 1/4 percentage point to 3-3/4 to 4 percent, citing elevated inflation and a solid economy. For compliance teams, the move signals continued tightening and raises the importance of interest rate, liquidity, and credit risk monitoring, as well as customer disclosures tied to variable rates.

The Federal Reserve Board and FOMC released participants' economic projections tables and charts on September 16, 2026, following the September 15-16 meeting. The release is informational and imposes no direct compliance obligations. It matters to compliance and risk teams because the projections inform interest rate, liquidity, and macroeconomic assumptions used in stress testing, capital planning, and risk governance.

South Korea's competition regulator has imposed approximately $440 million (KRW 631.9 billion) in provisional fines on food delivery platforms Baemin and Coupang for restricting restaurant pricing and engaging in other practices that undermined competition in the country's food delivery market.