Compliance & Ethics

The Hong Kong SFC has endorsed the Chief Executive's first Five-Year Plan and 2026 Policy Address, which prioritize offshore RMB business, asset and wealth management, risk management, and capital markets competitiveness. The release imposes no new obligations, but it signals the direction of future SFC policy. Compliance teams should treat it as an early indicator of coming rule-making and supervisory focus.

The Federal Court of Australia has ordered Sunshine Loans to pay approximately $3.8 million (AUD 5.5 million) in civil penalties for charging thousands of consumers illegal fees, following a four-year legal battle that included unsuccessful appeals to the Full Federal Court and High Court.

The Norway Financial Supervisory Authority has published a warning about Getliquid365 Finance Limited, which originates from the Dutch Authority for the Financial Markets (AFM) and is categorized under its "boiler room" warnings. Boiler room operations typically involve high-pressure, unsolicited investment sales by unlicensed entities. Compliance teams should treat the entity as a high-risk counterparty and update screening and customer-protection controls accordingly.

The Deutsche Bundesbank published results of the September 16, 2026 multi-ISIN auction increasing two German federal bonds (maturing 2047 and 2056) by a combined EUR $2.5 Billion in planned volume. Allocations were EUR $863.82 Million and EUR $1,257.41 Million, with average yields near 3.9%. This is a market-information release, not a regulatory mandate, but it is relevant to treasury, liquidity, and valuation controls.

The Norway Financial Supervisory Authority (Finanstilsynet) has listed a warning on WireBroker, with the issuing authority shown as Portugal and a link pointing to the Portuguese securities regulator (CMVM) investor portal. The source content is minimal, so the specific allegations are not stated in the text provided. Compliance teams should treat WireBroker as a potentially unauthorized or fraudulent investment services provider and screen for any exposure.

The Norway Financial Supervisory Authority (Finanstilsynet) has published a warning about Ava Global Trade Center, an entity originally flagged by the Netherlands Authority for the Financial Markets (AFM) as a suspected "boiler room" investment fraud. Compliance teams should treat the entity as high risk for investment fraud and screen for any exposure to customers, counterparties, or transactions connected to it.

A member or alternate member of the Board of Appeal of the European Supervisory Authorities (ESAs), Michele Siri, has filed a routine declaration of commitment and interests under Article 59(6) of the ESA founding regulations. The declaration affirms independence and the absence of conflicting interests, and it will be entered in a public register. It is a governance item with no new obligations for firms, but it is relevant for teams that track the integrity of the appeals process.