GRC Report Staff

The FCA has published forms, checklists, and practical guidance supporting the UK's new public offers and admissions to trading regime (POATR and the PRM sourcebook), which took effect on January 19, 2026. Compliance teams must use the correct forms for each submission type, particularly for prospectuses approved under the old UKPR that remain valid, and must update base prospectuses to meet the new single disclosure standard.

The OCC's 12 CFR Part 25 sets out the Community Reinvestment Act framework, including authority, scope, and an extensive definitions section that determines how banks are classified and evaluated. The excerpt covers only Subpart A (§§ 25.11 and part of 25.12) and is truncated mid-definition, so compliance teams should confirm the full text and current effective dates before acting.

The Netherlands Authority for Consumers and Markets (ACM) projects that households and businesses will pay an average of 20 percent more for electricity and natural-gas transport in 2027. For an average household, that is roughly EUR $89 more per year for electricity and EUR $52 more for gas. The increase is the first under a new revenue methodology and is driven by system operators' investment needs of approximately EUR $235 Billion over 15 years. Compliance teams with Dutch exposure should reassess energy cost assumptions, pass-through arrangements, and customer communications.

BaFin has issued a warning against Zaif Co. Ltd., which recruits "office clerks working from home" through Telegram chats to receive third-party payments in their own bank accounts and forward them or convert them to cryptocurrency. The funds likely derive from fraud victims, so the scheme presents money laundering and mule account risks. Compliance teams should treat the warning as a typology and monitoring input for transaction surveillance and customer education.

BaFin has published Circulars 10/2026 (BA) and 11/2026 (BA), setting out its administrative practice and expectations for appointing refinancing register administrators under the KWG and trustees under the PfandBG, including their deputies. Institutions must demonstrate that candidates are independent, reliable, and sufficiently expert. Compliance teams at covered institutions should review their appointment files and processes against these expectations.

The FCA has published Feedback Statement FS26/1 summarizing 123 responses to its May 2026 joint Call for Input with the Bank of England on wholesale market tokenization. Respondents backed the proposed approach and identified post-trade activity, especially collateral movement, as the main opportunity. The statement imposes no new obligations, but it previews a joint roadmap due later in 2026 and a safeguarding consultation in the first half of 2027, so compliance teams should begin planning now.

The CNMV has completed its review of the first AML/CFT information reports (BCFT1, covering 2025) submitted by securities firms and agencies, asset managers, and crypto asset service providers. Overall report quality was adequate, but the CNMV found erroneous and inconsistent data and signs of possible compliance gaps, particularly in alert generation and special examinations. Compliance teams should expect these findings to inform further supervisory work.