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EBA Concludes Legacy Instruments Monitoring Work

The European Banking Authority (EBA) has concluded its dedicated monitoring of legacy instruments, which are financial instruments benefiting from grandfathering provisions under CRR1 and CRR2. The EBA will no longer prioritize this specific monitoring, trusting competent authorities to handle remaining cases based on existing guidance.

EBA Final Report on Reporting Standards for Third-Country Branches

The European Banking Authority (EBA) has published its final report on harmonised reporting standards for third-country branches under CRD VI. The new framework aims to enhance supervisory oversight by introducing uniform reporting formats and definitions, with the first reporting reference date set for March 31, 2027.

BaFin Warns of Unauthorized Richmond365 Finance Limited Website

Germany's BaFin has issued a warning regarding the website richmond365(.)com, which is offering financial and crypto asset services without authorization. The purported entity, Richmond365 Finance Limited, does not exist in the UK's company register, indicating a potential scam targeting German consumers.

BaFin Warns Consumers About exomarkets(.)pro Website and Identity Theft

Germany's BaFin has issued a warning to consumers regarding the website exomarkets(.)pro, which is offering financial, investment, and cryptoasset services without authorization. The warning highlights potential identity theft and unauthorized business operations.

BaFin Warns About Unauthorized Forex Platforms

Germany's financial regulator, BaFin, has issued a warning regarding several forex trading platforms operating under the slogan 'Trade Without Limits' that are offering cryptoasset services without the required authorization. Consumers are advised to exercise extreme caution as these platforms are not supervised by BaFin.

BaFin Capital Markets Conference 2026 Details

The German Federal Financial Supervisory Authority (BaFin) has announced details for its Capital Markets Conference 2026, scheduled for June 23, 2026, in Frankfurt. Registration is now open for issuers and capital market representatives interested in topics such as the EU's Listing Act and private retirement provisions.

BaFin Warns of Unauthorized Financial Services Platform Series

Germany's BaFin has issued a warning regarding a series of websites operating under the name 'Investieren & Handeln Sie 300+'. These platforms are offering financial, securities, and crypto-asset services without the required authorization from BaFin, potentially engaging in identity theft against legitimate investment funds.

FRC Closes Investigation into Ernst & Young LLP Audit

The UK's Financial Reporting Council (FRC) has closed its investigation into audits conducted by Ernst & Young LLP for a Public Interest Entity for the years 2021 and 2022. The FRC's Executive Counsel decided not to bring enforcement action against the firm.

FRC Amends FRS 102 for Balance Sheet and Profit/Loss Accounts

The Financial Reporting Council (FRC) has issued amendments to FRS 102, effective for accounting periods beginning on or after January 1, 2027. These changes update the framework for companies adapting their balance sheet and profit and loss account formats, maintaining alignment with IFRS. Entities not adapting their formats will not be affected.

Financial Reporting Council Chair Sir Jan du Plessis to retire

The Financial Reporting Council (FRC) announced that its Chair, Sir Jan du Plessis, will retire at the end of September 2026. His tenure has been marked by significant reforms in audit, corporate governance, and reporting standards.