On 14 August 2026 ESMA confirmed that the reworked weekly commodity derivatives position reporting framework goes live on 3 September 2026. From that date, an investment firm or market operator operating an EU trading venue whose relevant contract is subject to the Article 58 weekly-reporting obligation must submit the weekly report to ESMA using the…
The CBAM definitive period has applied since 1 January 2026. It applies to goods listed in Annex I to Regulation (EU) 2023/956 that originate in a third country and are imported into the Union, subject to the Regulation’s scope exclusions and exemptions, including the Article 2a de minimis exemption for the four mass-based sectors. Electricity…
On 12 August 2026, Hong Kong’s Financial Services and the Treasury Bureau (FSTB) answered media enquiries about the preferential tax regime for carried interest and used the reply to draw a boundary. Under the current Schedule 16D, the 0 per cent profits tax concession applies to eligible carried interest received by a qualifying person from…
Norges Bank’s Monetary Policy and Financial Stability Committee decided on 12 August 2026 to keep Norway’s countercyclical capital buffer rate unchanged at 2.5%, a decision the bank published on 13 August 2026. The Committee reached it unanimously. For a reporting officer the headline is that nothing in the number moves, but the calendar behind it…
11 October 2027 is the government-supported first trading date for the UK T+1 transition. HM Treasury has committed to legislate for that date, but its latest published statutory instrument is still draft and subject to affirmative parliamentary approval. Under the draft, UK CSDR Article 5(2) would require in-scope transactions in transferable securities executed on a…
On 12 August 2026, FINMA published two sanctions notifications on the same day: one on Switzerland’s Ukraine ordinance (SR 946.231.176.72) and one on its Moldova ordinance (SR 946.231.156.5). Both notices concern EAER amendments made on 10 August 2026. SECO and Fedlex state that the measures entered into force at 23:00 on 11 August 2026. The…
On 12 August 2026, the Swiss Federal Council opened a consultation on amendments to the Banking Act and the Liquidity Ordinance that would rewrite how the country supervises, disciplines and, if necessary, resolves its largest banks. The consultation runs until 19 November 2026, and it is the legislative core of the Swiss too-big-to-fail reform that…
On 12 August 2026, ECB Banking Supervision published two linked newsletter articles: one reported shorter and more targeted on-site investigations, while the other reported a reduction in the stock of outstanding supervisory measures across significant institutions. The average on-site investigation, measured from kick-off to issuance of the final report, has already fallen from 33 weeks…
FINMA published two updated sanctions notifications on 11 August 2026, one for Sudan and one for South Sudan, after the Federal Department of Economic Affairs, Education and Research (EAER/WBF) amended Annex 2 of each ordinance. For a Swiss supervised institution, the FINMA notifications are an operational alert that the relevant Annex 2 lists changed. The…
Bendigo and Adelaide Bank has admitted it breached its accountability obligations under the Banking Executive Accountability Regime (BEAR), and on 10 August 2026 the Australian Prudential Regulation Authority (APRA) filed civil penalty proceedings against it in the Federal Court. The parties have jointly proposed that the bank pay an $8 million pecuniary penalty, subject to…