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FCA proposes flexible suitability reviews, replaces annual requirement

The FCA published Consultation Paper CP26/10 on March 25, 2026, proposing to replace the current mandatory annual suitability review requirement for ongoing investment advice with a more flexible periodic review obligation. Under the proposed changes, firms providing investment advice to retail customers would determine review frequency based on client needs, risk profiles, and investment complexity, consistent with Consumer Duty obligations. Comments on the consultation close June 17, 2026.

Proposed Removal of Prescriptive Rule on Indirect Vehicle Loan Servicing

The NCUA Board published a proposed rule to remove prescriptive regulatory requirements governing third-party servicing of indirect vehicle loans currently codified at §§ 701.21(h) and 741.203(c). The existing rule limits indirect loans and participations purchased from any one servicer to 50% of a credit union's net worth (increasing to 100% after 30 months of experience). The proposal seeks comment on reducing regulatory burden and providing credit unions greater operational flexibility through a principles-based supervisory approach.

Insurance License Revoked for Exam Fraud

Michigan DIFS issued an Order Accepting Stipulation revoking the insurance license of Davide Nicorescu-Adams (Enforcement Case No. 26-18945) effective March 11, 2026. The respondent admitted to obtaining a license through misrepresentation and using fraudulent or dishonest practices in violation of MCL 500.1239(1)(a) and MCL 500.1239(1)(g). The order permanently bars the respondent from reapplying for any license administered by DIFS.

Stipulation and Consent Order - Daxton Fillmore

The Michigan Department of Insurance and Financial Services (MI DIFS) issued a Directors Order and Stipulation accepting a consent agreement in Case No. 25-18469 involving Daxton Fillmore. The enforcement action addresses alleged violations of Michigan's Financial Institutions Code, with multiple monetary penalties and remediation provisions specified in the stipulation.

Real-Time Reconciliation and Kill Switches Required for Virtual Asset Exchanges

The Financial Services Commission of Korea met with five major virtual asset exchanges and DAXA on April 6, 2026, to announce enhanced requirements following inspections after Bithumb's erroneous payout incident. Inspections revealed inadequate ledger-to-wallet reconciliation (24-hour basis only), missing kill switches, and poor high-risk transaction controls. Exchanges must now implement real-time reconciliation every five minutes, automated kill switches for large-scale mismatches, and increase external verification from quarterly to monthly.

Meer Group Falsely Claims ADGM Regulation

ADGM's Registration Authority and Financial Services Regulatory Authority jointly issued a regulatory alert warning that Meer Group (operating at meer.capital) is falsely claiming ADGM regulation through marketing materials and WhatsApp messages. The authorities advise the financial services community and public that Meer Group has no authorization from ADGM. No financial penalties or enforcement actions are specified in this alert.

Second Amended Hurricane Debby Proclamation for Florida Financial Institutions

The Florida Office of Financial Regulation issued a second amended proclamation extending hurricane regulatory relief provisions to Florida state-chartered financial institutions and securities professionals regarding Hurricane Debby. The proclamation extends previously issued relief measures to ensure continued operation of financial services during the hurricane emergency.

Changes in Check Cashing Laws - HB 1185

FL OFR issued an industry alert notifying licensed check cashers of House Bill 1185, which creates new restrictions on cashing corporate checks under s. 560.309(11), F.S. The bill prohibits cashing corporate checks exceeding 200% of the payee's workers' compensation policy payroll amount and makes knowing and willful violations a third-degree felony. The law takes effect July 1, 2023.

Proclamation to Florida Financial Institutions Regarding Tropical Storm Milton

The Florida Office of Financial Regulation (FL OFR) issued a proclamation on October 6, 2024, to Florida state-chartered financial institutions and securities professionals regarding Tropical Storm Milton. The proclamation appears to be a standard emergency notification mechanism for the financial services sector during severe weather events. No specific compliance obligations, deadlines, or penalties are detailed in the notice.

Florida Financial Institution Tropical Cyclone Nine Proclamation

The Florida Office of Financial Regulation issued a proclamation to Florida state-chartered financial institutions and securities professionals regarding potential Tropical Cyclone Nine. The advisory serves as advance notice to the regulated community to prepare for potential storm impacts. No specific compliance requirements or deadlines were established in this proclamation.

License Renewal Deadlines for OFR-Licensed Financial Services Entities

The Florida Office of Financial Regulation announces open license renewal periods for entities licensed under Chapters 494, 517, 559, and 560, Florida Statutes. Deadlines range from December 26, 2023 through January 3, 2024 depending on license type. Affected entities include FINRA member dealers, investment advisers, mortgage lenders/originators, collection agencies, and money services businesses.

Hurricane Milton Regulatory Relief for Financial Institutions

The FDIC, Federal Reserve, Florida Office of Financial Regulation, NCUA, and OCC issued an interagency statement on October 15, 2024, providing supervisory relief for financial institutions affected by Hurricane Milton. The statement addresses lending flexibility, temporary facility operations, publishing requirements, and regulatory reporting. The agencies will not assess penalties against institutions taking reasonable and prudent steps to comply with reporting requirements.

Matthew Czernel insurance license revoked for exam fraud

The Michigan Department of Insurance and Financial Services (DIFS) issued an Order Accepting Stipulation revoking Matthew Czernel's insurance license effective March 11, 2026. The revocation stems from exam fraud, with Czernel admitting violations under MCL 500.1239(1)(a) for obtaining a license through misrepresentation and MCL 500.1239(1)(g) for fraudulent or dishonest practices.

Waleed Abdal - Stipulation Accepted

The Michigan Department of Insurance and Financial Services accepted a stipulation filed by Waleed Abdal under case number 25-18855. This enforcement action represents a finalized regulatory settlement under the DIFS Directors Orders program. The specific terms and conditions of the stipulation were not detailed in the available document summary.

Money Market Operations Data Release

Reserve Bank of India released routine money market operations data as of April 3, 2026. The press release provides statistical information on money market operations including amounts in ₹ crore and interest rates. This is a regular operational data publication from RBI with no new regulatory requirements.

Extension of Sadbhav Nagrik Bank Directions

The Reserve Bank of India has extended the regulatory directions issued to Sadbhav Nagrik Sahakari Bank Maryadit, Chhatarpur, Madhya Pradesh for a further period of three months. The extension runs from the close of business on April 07, 2026 to the close of business on July 07, 2026, subject to review. All other terms and conditions of the original directive remain unchanged.

Daily Money Market Operations Data

Reserve Bank of India published daily money market operations data for April 5, 2026, containing aggregate lending and borrowing statistics in the Indian money market. The report provides figures on various money market instruments including amounts and weighted average rates.

Money Market Operations Report

The Reserve Bank of India published money market operations data for April 2, 2026, showing total market volume of ₹6.4 trillion (₹6,400 billion) with overnight call money rates ranging from 4.77% to 5.80%. The report provides statistical data on interbank money market transactions for market participants and monetary policy analysis.

Overnight Money Market Operations Data

The Reserve Bank of India published its daily money market operations report dated April 6, 2026, showing data as of April 4, 2026. The overnight money market recorded transactions totaling ₹33,600 crore (₹33.6k crore) at a weighted average interest rate of 4.42%. This is a routine statistical release providing market participants with daily monetary operation data.

Lord Patrick Hodge appointed Chief Justice of ADGM Courts

ADGM Courts announced the appointment of Lord Patrick Hodge as Chief Justice, effective 1 April 2026. Lord Hodge succeeds Lord David Hope of Craighead KT following his retirement after 11 years of service. The appointment brings decades of distinguished judicial experience to lead ADGM's internationally recognised independent courts.

List of Fund Units Subject to EuSEF Regulation 2013/346

The CSSF published its monthly statistics listing fund units subject to EU Regulation 2013/346 on European Social Entrepreneurship Funds (EuSEF). The document provides an XLSX download containing the current registry of EuSEF fund units under Luxembourg supervision. This is a routine statistical update with no new regulatory obligations.

List of EuVECA Fund Units

CSSF published its monthly statistical list of fund units subject to Regulation 2013/345 on European Venture Capital Funds (EuVECA). The list, published April 3, 2026, is available in XLSX format (15.64Kb). This is a routine monthly update from Luxembourg's financial regulator.

List of European Long-Term Investment Fund Units Subject to Regulation 2015/760

The CSSF published its monthly statistical update listing fund units subject to Regulation 2015/760 on European Long-Term Investment Funds (ELTIFs), as amended by Regulation 2023/606. The list is available in XLSX format (27.55Kb). This publication supports transparency and monitoring of ELTIF products available in Luxembourg.

Victoria Day National Holiday Notice

The Bank of Canada has issued a notice confirming its offices will be closed on Victoria Day, May 18, 2026. This national holiday affects banking operations and payment settlement schedules across Canada's financial system. Financial institutions should account for the closure when scheduling transactions.

Serbia Mutual Evaluation AML/CFT/CPF Measures Report

FATF published its 2025 Mutual Evaluation Report assessing Serbia's Anti-Money Laundering and Counter-Terrorist Financing/Proliferation (AML/CFT/CPF) framework. The report evaluates Serbia's compliance with FATF Recommendations and the effectiveness of its AML/CFT/CPF measures across 40 recommendations.

NYSE Arca Rule 5.3-O Amendment for Multi-Crypto Asset Commodity Trust Options

The SEC approved NYSE Arca's proposed rule change to amend Exchange Rule 5.3-O, allowing the exchange to list and trade options on Commodity-Based Trusts holding multiple crypto assets. Each crypto asset held by the trust must meet the existing $700 million average daily market value threshold and underlying derivatives contract requirements. The Exchange may list these options without additional Commission approval.

NYSE American Rule 915 Amendment for Multi-Asset Crypto Trust Options

The SEC approved NYSE American's proposed rule change to amend Exchange Rule 915, allowing the exchange to list and trade options on Commodity-Based Trusts holding multiple crypto assets. Previously, the rule only permitted single crypto asset trusts. Each crypto asset held by the trust must continue to meet existing criteria under Exchange Rule 915, Commentary .06(c), including the $700 million average daily market value threshold. The change enables options on multi-asset crypto trusts without requiring additional Commission approval.

Limited Exemptions from Rule 605 for Fractional Share Orders

The SEC granted limited exemptions from Rule 605 of Regulation NMS, modifying and rescinding certain previously granted exemptive relief. The order addresses reporting requirements for broker-dealers executing fractional share orders and related interpretive issues raised by the Financial Information Forum. Market participants holding prior exemptions should review the modified terms.

Privacy of Consumer Financial Information OMB Review

The OCC published a notice requesting comment on the renewal of its information collection titled 'Privacy of Consumer Financial Information' (OMB Control No. 1557-0216). The collection is required under the Paperwork Reduction Act and has been submitted to OMB for review. Banks and other OCC-regulated institutions should monitor this renewal as it affects existing privacy reporting obligations.

State Government Securities Auction - ₹18,159 Crore

The Reserve Bank of India announced an auction of State Government Securities totaling ₹18,159 Crore (face value) to be conducted on April 7, 2026. Seven state governments—Andhra Pradesh, Himachal Pradesh, Maharashtra, Meghalaya, Punjab, Rajasthan, and Telangana—will offer securities with tenors ranging from 5 to 31 years via yield and price auctions.

Weekly Statistical Supplement - State Loans and Reserves Data

The Reserve Bank of India published its Weekly Statistical Supplement containing updated data on state government loans at ₹22.3 thousand crore and foreign exchange reserves at $688 billion as of April 3, 2026. The bulletin provides aggregate statistical information without establishing new regulatory requirements or compliance obligations.

Request for Public Comment on Strategic Priorities

The PCAOB issued a request for public comment (PCAOB No. 2026-001) seeking stakeholder input on strategic priorities for the 2026-2030 strategic plan. Comments are due by May 15, 2026. The Board specifically requests feedback on registration, inspections, enforcement priorities, QC 1000 implementation, and technology integration including AI.

Bank Control Notice Correction Regarding Share Acquisitions

The Federal Reserve published a correction to its Change in Bank Control Notices regarding acquisitions of shares of banks and bank holding companies. The document (91 FR 17278) corrects errors in a previously published notice. This is a routine correction with no new regulatory requirements or substantive changes to existing policy.

Bank Holding Company Formations, Acquisitions, and Mergers

The Federal Reserve System published a notice listing recent formations of bank holding companies and acquisitions/mergers approved or processed under the Bank Holding Company Act. This routine notice provides public awareness of ownership changes in the banking sector. No specific transactions, deadlines, or penalties are detailed in this notice.

FDIC Board Meeting Notice

The FDIC has announced a scheduled meeting of its Board of Directors on April 7, 2026 at 1:00 PM ET. The meeting is open to the public and will be held as indicated. This is a routine administrative announcement with no new regulatory requirements or policy changes being announced.

FDIC Board Meeting - Stablecoin, AML/CFT, and Reputation Risk Rules

The FDIC Board will meet on April 7, 2026, to consider three regulatory items: a proposed rule on stablecoin requirements under the GENIUS Act for FDIC-supervised permitted payment stablecoin issuers and insured depository institutions; a proposed rule on Anti-Money Laundering and Countering the Financing of Terrorism programs; and a final rule prohibiting the use of reputation risk by regulators. The meeting is open to public observation via webcast.

Newrez LLC Cease and Desist Order - 29 Consumer Loan Act Violations

WA DFI issued a Statement of Charges and Notice of Intent to Enter a Cease and Desist Order against Newrez LLC (NMLS #3031) for 29 violations of the Consumer Loan Act. The enforcement action stems from a 2025 examination citing inaccurate mortgage call reports, incorrectly onboarded loans, improper payment application, and failure to maintain escrow accounts. The company has been licensed since June 2011 and previously cited for similar violations between 2018-2021.

UK Public M&A Monthly Activity Update

Herbert Smith Freehills Kramer published its monthly UK public M&A activity update for March 2026, documenting three Rule 2.7 firm offers (including Zurich Insurance's £8.1B acquisition of Beazley) and seven possible offers or sale processes. The update also summarizes the UK government's response on changes to mandatory notification sectors under the National Security and Investment Act 2021, including new standalone sectors for critical minerals and semiconductors.

Active Supply Chain Attack Targeting Axios NPM

The CSSF issued an urgent advisory on 3 April 2026 regarding a critical supply chain attack targeting two versions of the Axios HTTP client library (1.14.1 and 0.30.4). Threat actors compromised maintainer accounts to inject the malicious dependency plain-crypto-js (version 4.2.1). Supervised entities that performed npm install between 00:21 and 03:25 UTC on March 31, 2026 should assume their systems are compromised. Affected entities must report this major ICT incident under DORA (Circular CSSF 25/893) or Circular CSSF 24/847.

15 North Carolina Candidates Pass Uniform CPA Examination

The North Carolina State Board of Certified Public Accountant Examiners announced that 15 candidates successfully passed the Uniform CPA Examination in February 2026. The Board confirmed that candidates must also satisfy North Carolina's education, professional experience, and moral character requirements in addition to passing the examination. The announcement includes a complete list of successful candidates sorted by last name.

Italy Macroeconomic Projections 2026-28

Banca d'Italia published macroeconomic projections for Italy covering 2026-28, projecting GDP growth of 0.5% in 2026 and 2027, rising to 0.8% in 2028. Consumer price inflation is forecast to reach 2.6% in 2026 before declining to just below 2.0% in subsequent years. The projections incorporate baseline and alternative scenarios assessing potential economic impacts of the Middle East conflict, with the baseline scenario using market-implied assumptions for oil at $103/barrel and natural gas at €55/MWh.

SEC and CFTC Joint Guidance on Digital Asset Classification

The SEC and CFTC jointly issued interpretive guidance on March 17, 2026, establishing a five-category taxonomy for digital assets (digital commodities, digital collectibles, digital tools, stablecoins, and digital securities) that formally determines regulatory jurisdiction. The guidance, issued as a formal interpretive rule under the APA, identifies 18 digital assets as commodities including XRP, Cardano, Solana, Algorand, and LBRY Credits, and supersedes the SEC's 2019 Framework for Investment Contract Analysis of Digital Assets.

Texas Court Vacates FinCEN Rule on Real Estate Transfers

A federal court in the Eastern District of Texas vacated FinCEN's Real Estate Reporting Rule, which had required certain professionals to file reports for non-financed transfers of residential real property to entities or trusts. The court granted summary judgment to the plaintiff, finding that FinCEN exceeded its authority under the Bank Secrecy Act. The rule had taken effect on December 1, 2025, and applied nationwide without a minimum dollar threshold.

Treasury Whistleblower Incentives and Anti-Retaliation Protections

FinCEN issued a notice of proposed rulemaking implementing the Treasury whistleblower program with monetary awards of 10% to 30% of collected penalties exceeding $1 million. The proposed rule covers violations of BSA/AML, sanctions, Outbound Investment Security Program, and Data Security Program regulations. Comments on the proposed rule are due June 1, 2026.

Texas courts vacate 2024 fiduciary rule, DOL restores Five-Part Test

Two Texas federal district courts vacated the DOL's 2024 Fiduciary Rule and related PTE amendments, finding them unlawful. The DOL responded on March 18, 2026 by re-codifying the 1975 Five-Part Test and restoring pre-amendment versions of prohibited transaction exemptions. The cases were Federation of Americans for Consumer Choice Inc. v. U.S. Dep't of Labor and American Council of Life Insurers v. U.S. Dep't of Labor.

Federal banking agencies revise Basel III capital rules

The Federal Reserve Board, OCC, and FDIC released proposals to revise Basel III capital rules for large banking organizations. The Enhanced Risk-Based Approach (ERBA) Proposal would replace internal model-based approaches for Category I and II institutions (GSIBs and banks with $700B+ in assets) with a standardized risk-weight framework. The Standardized Proposal would amend existing capital rules, and the GSIB Surcharge Proposal would revise surcharge calculation methods for globally important banks.

FTC Warning Letters on Debanking Practices

The Federal Trade Commission sent warning letters to executives at major payment networks including Visa, Mastercard, PayPal, and Stripe, reminding them that denying financial services based on political or religious beliefs may violate Section 5 of the FTC Act. The letters signal increased enforcement focus on how financial services firms manage account closures, suspensions, and access to services.

Termination of Citizens National Bank Receivership

The FDIC as Receiver announces the termination of the Citizens National Bank receivership (Fund 10063) located in Macomb, IL. The receivership was established on May 22, 2009, and asset liquidation has been completed. A final dividend payment will be made to proven creditors from available funds. The termination becomes effective no sooner than 30 days from this notice.

M&M Tech Solutions Corp. Cease Directive - Unlicensed Money Transmission

The Massachusetts Division of Banks issued a Cease Directive against M&M Tech Solutions Corp. for conducting unlicensed money transmission activities in violation of M.G.L. chapter 169 and 169B. The company allegedly accepted $7,500 from a Massachusetts consumer for foreign transmission without proper authorization, operating outside its delegated authority as an agent of OMNEX Group, Inc. and Viamericas Corporation.

DOL proposes rule expanding alternative investments for ERISA plans

DOL proposes rule expanding alternative investments for ERISA plans