Compliance & Ethics

ASIC Form 2205 is the prescribed form for notifying ASIC of company resolutions affecting shares, including share rights alterations, consolidations and subdivisions, capital reductions, and financial assistance approvals. Lodgement deadlines are short (14 days for most categories, one month for consolidations and subdivisions), so compliance teams need clear internal processes to avoid late lodgement and the associated public register and penalty exposure.

The FCA's annual report for the year ended March 31, 2026 (the first year of its 2025 to 2030 strategy) describes a shift from risk elimination to risk rebalancing, with earlier intervention and clearer expectations. Compliance teams should note the Buy Now Pay Later (BNPL) regime effective July 2026, the motor finance redress scheme, the Payment Systems Regulator (PSR) consolidation, and the FCA's expanded AML supervision of professional services firms.

A Board of Appeal member of the European Supervisory Authorities (ESAs), David Ramos Muñoz, has filed a signed declaration of commitment and interests under Article 59(6) of the ESA founding regulations. The document is a routine governance filing with no new obligations for supervised firms. It does, however, reinforce the independence safeguards that underpin the appeals process available to financial institutions.

Norway's Financial Supervisory Authority (Finanstilsynet) published a warning about "Luminex STO," a security token offering whose issuer is listed as based in the Netherlands. The notice points to a Dutch Authority for the Financial Markets (AFM) boiler room warning, which suggests a suspected investment fraud. Compliance teams should treat the entity as high risk and update screening and client-protection controls.

The Norway Financial Supervisory Authority has published a warning, originally issued by the Central Bank of Ireland, about an unauthorized "clone" entity using the name FPPE Fund plc. Clone firms impersonate legitimate authorized entities to defraud investors, so compliance teams should update screening controls and client-facing warnings.

The Norway Financial Supervisory Authority (Finanstilsynet) has published a warning about the website investpathline.com/fr/3, referencing the French AMF's crypto-currency blacklist as the originating source. The notice signals a likely unauthorized or fraudulent crypto-related investment offering. Compliance teams should treat it as a cross-border red flag and update screening and monitoring controls.

In his closing speech at the Proportionality Conference in Bonn on September 16, 2026, BaFin President Mark Branson said the regulator will keep pushing for simpler, more proportionate, and more risk-oriented regulation, provided financial stability is not jeopardized. He tied the new flexibility to institutions' own governance and risk culture, and signaled that supervisors will scrutinize both more closely. Compliance teams should expect less rule-citing and more qualitative, institution-specific supervisory engagement.