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Financial Compliance
SEC, OCC, FDIC, Fed, FINRA, CFPB, FASB, and state banking regulators. One feed.
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Industry
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Healthcare Compliance
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Trade & Procurement
Recent changes
Greenwich Bunds Re-Lining Project Market Engagement
Transport for London issued a Preliminary Market Engagement Notice under the Procurement Act 2023 for the Greenwich Bunds Re-Lining Project at Greenwich Power Station. TfL seeks market feedback on supplier appetite, capacity, and capability for Principal Designer and Principal Contractor roles to undertake detailed design and delivery of replacing oil storage tank bund linings. Estimated contract duration is April 2027 to January 2029.
Home Energy Collective Buying Scheme Phase 2 renewable energy tender
West Yorkshire Combined Authority published a tender notice for Phase 2 of its Home Energy Collective Buying Scheme, seeking a supplier to deliver renewable energy and energy efficiency measures to homeowners, landlords, SMEs, and community organisations across West Yorkshire. The estimated contract value is £314,988 including VAT, running from July 2026 to March 2028 with potential extension to March 2029.
PHP Holdings & Rhode Island Market Financial Statements
SEC EDGAR filing of unaudited condensed combined and consolidated financial statements for PHP Holdings, LLC and Rhode Island Market for the nine months ended June 30, 2025 and 2024. The filing includes balance sheets, statements of operations, statements of cash flows, and notes. Total assets reported at $336.5 million as of June 30, 2025.
Remote Consultation and Office Hour Rules Relaxed for Legal Aid Providers
The Ministry of Justice is removing contract requirements limiting the percentage of remote client consultations civil legal aid providers can offer, currently capped at 50% (75% for immigration work). The MoJ will also relax requirements for permanent office locations and minimum opening hours. The changes give providers flexibility to conduct work based on client needs and service areas while maintaining in-person options.
Barrister Self-Reports to BSB After Citing AI-Generated Fake Cases
Bar Standards Board received a self-report from unregistered barrister Layla Parsons after she submitted four AI-generated fake cases to Bournemouth Family Court. The judge, Recorder Howard, ruled to name her publicly in the judgment despite her self-report, finding she did not adequately acknowledge the seriousness of misleading the court. This appears to be among the first UK cases addressing AI hallucinations in legal practice.
Bar Council warns magistrates' backlog reaches record high
The Bar Council has issued a warning to the government regarding the magistrates' court backlog, which has reached a record high of 379,437 cases—representing a 17% increase from the previous year and 70% higher than 2019 levels. The professional body is calling on the government to abandon proposals to increase magistrates' sentencing powers and divert more cases from the Crown Court, which would increase demand on magistrates' courts by an estimated 10-15%.
Does the Open Justice Principle apply in the Court of Protection?
The Court of Appeal heard arguments in Re Gardner regarding whether the Open Justice Principle applies in the Court of Protection. Lord Justice Peter Jackson stated the OJP applies everywhere to the extent appropriate. The appeal challenged a transparency order requiring position statements to be shared with an observer, with parties seeking clearer guidance from the CoP Procedure Rule Committee on document access.
Darren Hanison struck off, mesh victims seek compensation
Darren Hanison struck off, mesh victims seek compensation
Doral Man Guilty of $3.6 Million Auto Lending Fraud
The Florida Office of Financial Regulation announces the conviction of Alejandro Soto on one count of conspiracy to commit wire fraud and three counts of wire fraud. Soto orchestrated an auto loan fraud scheme that defrauded lenders of more than $3.6 million by recruiting straw buyers to purchase vehicles for a car-sharing rental program. The investigation was conducted by the OFR, FBI, and U.S. Attorney's Office for the Southern District of Florida.
KOFR Benchmark Rate Reform Plan
The Financial Services Commission announced it will raise the KOFR-OIS target from 50% to 70% by June 2030, accelerating adoption by 15 percentage points annually instead of the previous 10 percentage points. New KOFR-FRN targets were established at 50% for commercial banks and 65% for policy financial institutions by June 2031. The CD rate will be removed as a critical statutory benchmark rate at the end of 2030.
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