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FRC Interim Guidance on Safeguarding Auditors During FCA Transition

The Financial Reporting Council (FRC) has published interim guidance for safeguarding auditors supporting payment and e-money institutions transitioning to the FCA's new Supplementary Regime on May 7, 2026. This non-mandatory guidance aims to ensure consistent and high-quality assurance engagements during the transition period.

ESMA Compliance Table for Cloud Outsourcing Guidelines

The European Securities and Markets Authority (ESMA) has published a compliance table related to its guidelines on outsourcing to cloud service providers. This document serves as a reference for financial entities to assess their adherence to the existing guidelines.

FCA Modernises Financial Redress System

The FCA has announced updates to the financial redress system, in collaboration with the Financial Ombudsman Service and the Government. These changes aim to provide consumers with fairer outcomes more quickly and offer firms greater clarity on complaint handling processes.

BaFin General Administrative Act on Contracts for Differences (CFDs)

BaFin has issued a general administrative act concerning contracts for differences (CFDs) for retail clients, referencing EU Regulation No 600/2014 (MiFIR). This act outlines restrictions on the marketing, distribution, and sale of CFDs to retail clients, building upon previous BaFin and ESMA measures.

FRC Guidance on Flexible Governance Reporting

The Financial Reporting Council (FRC) has published new guidance to help investors and advisors better understand flexible governance reporting. The guidance aims to encourage recognition of the value in companies thoughtfully departing from the UK Corporate Governance Code with clear explanations.

ASIC Withdraws and Updates Regulatory Guides

The Australian Securities and Investments Commission (ASIC) has withdrawn Regulatory Guide 64 (Failure to lodge documents) and Regulatory Guide 40 (Good transaction fee disclosure). ASIC also made minor updates to Regulatory Guide 104 (AFS licensing: Meeting the general obligations) and Regulatory Guide 205 (Credit licensing: General conduct obligations) to improve clarity and accuracy.

ASIC Eases PDS Rules for Strata Insurance Providers

ASIC has introduced new relief measures for residential strata insurance providers. Under the changes, only the lead insurer will be required to prepare a Product Disclosure Statement (PDS), with a supplementary PDS listing other participating insurers.

DNB Payment Strategy 2026-2028: Broadening Options and Strengthening Resilience

De Nederlandsche Bank (DNB) has released its Payment Strategy 2026-2028, aiming to enhance payment system resilience and autonomy by broadening options for consumers, retailers, and payment service providers. The strategy prioritizes reducing dependence on non-European entities and encouraging innovation, including the development of a digital euro and DLT solutions.

Austrian FMA: Speedy Reduction of Non-Performing Loans

The Austrian Financial Market Authority (FMA) has released a new publication in its 'Let's talk about supervision' series, focusing on the speedy reduction of non-performing loans (NPLs). This guidance highlights the importance of NPL reduction for banking sector resilience and economic functioning, particularly in commercial real estate financing.

FMA Guidance on Rapid Reduction of Problematic Lending for Banks

The Austrian Financial Market Authority (FMA) has issued guidance urging banks to rapidly reduce non-performing loans (NPLs), particularly in commercial real estate financing. The guidance outlines expectations for clear objectives, honest cost appraisals, and robust implementation plans to strengthen banks' financial resilience and lending capacity.