Compliance & Ethics

The Hong Kong Government upsized its latest Silver Bond issuance to HKD $55 Billion, above the HKD $50 Billion target, after receiving 476,703 valid applications totaling HKD $119.3 Billion. Applicant numbers and subscription amounts both reached new record highs. Compliance teams at Placing Banks and Designated Securities Brokers should confirm that distribution, suitability, allocation, and refund processes for senior retail investors worked as intended.

The Deutsche Bundesbank, on behalf of the federal government, will hold a multi-ISIN Bubill auction on September 14, 2026, offering EUR $6 Billion across a reopened March 2026 issue and a new September 2026 issue. The announcement is routine, but it sets firm bidding, eligibility, and settlement parameters that affect Bidding Group members' operations and liquidity planning. Source text is partly garbled, so key figures should be verified against the official release.

The Norway Financial Supervisory Authority (Finanstilsynet) has published a warning about the website amforg.laxmipackaging.co.in, which was originally flagged by France's Autorité des marchés financiers (AMF) as impersonating the AMF. Compliance teams should treat the domain as a fraud indicator and strengthen controls against regulator-impersonation scams that target customers and employees.

The FCA has published its post-implementation review of the general insurance (GI) value measures rules. It found positive effects on transparency, competition, and fair value compliance, but also inconsistent reporting across firms. Compliance teams should expect a consultation on minor changes in the first half of 2027 and should use the interim period to improve data quality and reporting accuracy.

On September 11, 2026, the Austrian Financial Market Authority (FMA) issued a public warning about BCLS Assets, an entity apparently based in Switzerland, for offering securities services in Austria without the required license. Compliance teams should treat the entity as a high-risk, unauthorized counterparty and update screening and monitoring controls accordingly.

The Norway Financial Supervisory Authority (Finanstilsynet) has published a warning that relays a French Autorité des marchés financiers (AMF) blacklist entry for the website amf.eigen.eng.br. The AMF lists the site under its "usurpation" category, meaning it appears to impersonate the AMF itself. Compliance teams should treat the domain as a fraud indicator and update their screening and customer-protection controls.

The Norway Financial Supervisory Authority (Finanstilsynet) has published a warning about cryptobullbear.com, which the French Autorité des Marchés Financiers (AMF) added to its blacklist of crypto-currency websites. Compliance teams should treat the domain as a high-risk, likely unauthorized actor and update screening and customer-protection controls accordingly.