On 6 October 2026, the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) published Consultation Paper No. 5 of 2026 with proposed DeFi Risk Management Guidance attached. Comments close on 30 November 2026. The FSRA DeFi risk management guidance, as proposed, sets out how Authorised Persons and Recognised Bodies should identify, assess,…
On 9 October 2026, EU finance ministers approved Council conclusions (Council document 13854/26) revising the EU list of non-cooperative jurisdictions for tax purposes. Panama and Viet Nam left Annex I, the list itself, and moved to Annex II pending an in-depth review of their exchange-of-information frameworks by the Global Forum. Nobody was added, so Annex…
FR Y-9C reporting is how the Federal Reserve Board collects consolidated GAAP financial statements and regulatory capital data from U.S. holding companies with $3 billion or more in total consolidated assets, and from smaller ones that a Reserve Bank requires to file or that elect to comply with the Federal Reserve’s capital adequacy guidelines. The…
Revenue published eBrief No. 147/26 on 9 October 2026 to announce a revised Tax and Duty Manual Part 38-03-22, the Guidance Notes on the Implementation of FATCA in Ireland. The revision sits in paragraph 4.3, which now reflects IRS Notice 2024-78 and its extension of temporary relief for pre-existing accounts reported without a US taxpayer…
On 1 October 2026 the European Commission adopted COM(2026) 515, a proposal for a Council directive that would let Member States keep using two VAT anti-fraud tools until 30 June 2030: the optional reverse charge mechanism in Article 199a of the VAT Directive and the Quick Reaction Mechanism (QRM) in Article 199b. Under the Directive…
FR Y-11 reporting puts a separate set of financial statements for each qualifying U.S. nonbank subsidiary on file with the Federal Reserve, prepared by the top-tier holding company entity by entity and filed no later than 60 calendar days after the report date. The Board’s instructions for the Financial Statements of U.S. Nonbank Subsidiaries of…
On 9 October 2026 ESMA opened a call for evidence on CCP collateral tokenisation (ESMA91-1505572268-4934), asking whether tokenised securities and tokenised cash could be posted as margin and default fund contributions at EU central counterparties without weakening the safeguards EMIR builds around collateral. Comments are due by 15 January 2027. ESMA says it will assess…
Regulation O recordkeeping would be renumbered, widened in one place and narrowed in another under a Federal Reserve proposal now out for comment. On 4 August 2026 the Federal Reserve Board published a proposed restatement of Regulation O, its rule on loans by banks to their insiders, at 91 FR 49526 (Docket No. R-1896, RIN…
On 8 October 2026 FINMA published a partial revision of FINMA Circular 2016/7 “Video and online identification”, the circular that sets out how Swiss financial intermediaries meet their Anti-Money Laundering Act (AMLA) due diligence duties when a client relationship is opened through a digital channel. FINMA adopted the amendments on 23 September 2026, and they…
FCA CP26/35, Fair redemption terms for authorised funds investing in illiquid assets, opened on 8 October 2026 and takes comments until 11 December 2026. It would require non-UCITS retail schemes (NURS) with at least 50% of scheme property in inherently illiquid assets to redeem no more than once a month and to apply a redemption…