The FSMA has scheduled its 2026 continuing professional training program for accredited auditors, held in person at its Brussels office in November. Compliance teams supporting occupational retirement institutions and collective investment undertakings must register by October 21, 2026, to ensure continued accreditation compliance.
De Nederlandsche Bank joined a roundtable hosted by the Dutch House of Representatives' Committee on Housing and Spatial Planning to discuss fiscal bottlenecks affecting the housing market, submitting a position paper on housing and taxation. While this is a low-intensity advisory engagement rather than a binding regulatory action, it signals DNB's ongoing policy influence on housing-related fiscal reform that could eventually shape mortgage lending and taxation frameworks.
The Norway Financial Supervisory Authority has issued a warning regarding "Zenith Grow," an entity fraudulently claiming authorization from the UK's Financial Conduct Authority. This is a clone firm scam, and compliance teams should ensure customer-facing staff and fraud detection systems are aware of this specific threat to prevent client losses and reputational exposure.
The Norway Financial Supervisory Authority (Finanstilsynet) has issued a public warning regarding "Sollventis," identified as a clone of a legitimately registered entity, originally flagged by Spain's CNMV. This case highlights the ongoing risk of fraudulent firms impersonating authorized financial entities to deceive investors, requiring heightened vigilance from compliance teams handling client onboarding and third-party due diligence.
A De Nederlandsche Bank working paper finds that the implicit too-big-to-fail (TBTF) funding subsidy is driven not by G-SIB designation but by a bank's size relative to its home sovereign's GDP, with banks exceeding roughly 50% of home-country GDP enjoying at least 30% lower credit spreads than comparable peers. For compliance and prudential risk teams, this suggests that resolution planning, capital add-ons, and supervisory stress testing frameworks tied strictly to G-SIB status may understate implicit bailout expectations for large domestic banks.
The New York Department of Financial Services has issued the Eighth Amendment to Insurance Regulation 213 (11 NYCRR 103), replacing the 2025 Valuation Manual reference with the 2026 Valuation Manual published by the NAIC. This update affects life insurers subject to Principle-Based Reserving requirements in New York and requires compliance teams to align actuarial reserve calculations with the updated manual immediately upon effectiveness.
The CSSF has issued a public warning regarding fraudulent entities and individuals misusing the name of Nordea Investment Funds S.A. to solicit funds or engage in unauthorized financial activities. Compliance teams at financial institutions should be alert to potential client exposure to this scheme and ensure robust due diligence on counterparties claiming affiliation with Nordea. This warning underscores ongoing risks of impersonation fraud targeting legitimate, regulated asset managers.
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