GRC Report Staff

The Dutch Authority for the Financial Markets (AFM) reports that investment fund managers have improved Wwft and Sanctions Act compliance in key areas, but registered "light" AIFMs continue to lag. Gaps in transaction profiling, FIU-Netherlands registration, and staff training persist across the sector. Compliance teams should expect continued risk-based supervisory attention and prepare for the EU AML package taking effect on July 10, 2027.

ASIC's Form 509D requires liquidators to notify ASIC when a company is taken to have passed a special resolution to wind up voluntarily following external administration or the termination of a deed of company arrangement (DOCA). The notice must be lodged within 5 business days, and late fees apply. Compliance and legal teams handling distressed counterparties, or the insolvency of group entities, should confirm that lodgement processes are in place.

The March 2026 Securities Lending Committee minutes show broad industry consensus that firms are on track for the UK T+1 settlement transition in October 2027, though funding mismatches and collateral constraints remain open concerns. The minutes also flag cautious beneficial owner uptake of tokenized collateral and the EU Market Integration and Supervision Package (MISP). Compliance teams should use these discussions to prioritize T+1 readiness, collateral risk, and digital asset legal certainty reviews.

Norway's Financial Supervisory Authority (Finanstilsynet) has posted a warning about neuve-markvere.com, a website that France's Autorité des Marchés Financiers (AMF) added to its crypto-currency blacklist. Compliance teams should treat the domain as a suspected unauthorized or fraudulent crypto operation and update screening and monitoring controls accordingly.

In a September 15, 2026 speech, Carolyn Wilkins used historical lessons from private money to argue that stablecoins can work at scale only with credible redemption, high-quality reserves, a consistent regulatory perimeter, and crisis liquidity arrangements. She previewed the Bank of England's stricter framework for systemic sterling stablecoins, due to be finalized at the end of 2026, and described the financial stability and geopolitical implications of dollar stablecoin growth. Compliance teams with stablecoin exposure should treat this as a signal of supervisory expectations on liquidity, reserves, and cross-border governance.

Finansinspektionen has amended Chapter 22, Section 3 of FFFS 2013:9, which sets conduct requirements for fund companies that advise clients on fund units outside the scope of Chapter 7, Section 1, first paragraph, 4 of the Swedish Act on Mutual Funds (2004:46). The amended rules take effect October 1, 2026, which leaves only about two weeks after the decision date of September 15, 2026. Fund companies offering such advice should promptly confirm that their advisory processes align with the referenced MiFID 2 Delegated Regulation articles and the securities business rules.

The AMF has released the results of its thematic SPOT inspections of five asset management companies on telephone conversation recording, and identified good and poor practices. Telephone ordering is declining, but the AMF warns that its marginal use can increase non-compliance risk because controls are often weaker. Compliance teams should benchmark their recording policies, controls, and training against these findings.