GRC Report Staff

On September 15, 2026, BaFin published Circular 12/2026, which sets out the licensing procedure for alternative investment fund (AIF) management companies under Section 22 of the German Investment Code (KAGB). It replaces the 2013 information sheet and aims to give applicants clearer documentation requirements and faster processing. Compliance teams at prospective and existing AIF managers should review the new expectations, especially given the changes that stem from the Fund Risk Limitation Act.

ASIC Form 522 is the notification a liquidator must lodge under section 496(7) of the Corporations Act 2001 after a creditors' meeting held to consider replacing the existing liquidator. It records the meeting date, whether a new liquidator was appointed, and the statement of assets and liabilities presented to creditors. Compliance and insolvency-related teams should confirm that their lodgement processes are accurate and signed correctly, because errors can create regulatory and reputational exposure. Note that this is a form (version dated 16 February 2015) and not a new rule, despite the 2026-09-15 date and "Press Release" label in the metadata.

On September 15, 2026, Japan's Financial Services Agency (FSA) released its "FSA Strategic Priorities: July 2026 - June 2027," which sets out its key supervisory and policy priorities for the 2026 program year. The press release gives no detail on specific priorities, but it links to the Cabinet Secretariat's growth investment and asset management center strategy. Compliance teams should read the full documents to anticipate supervisory focus areas and align their program plans.

The Norway Financial Supervisory Authority (Finanstilsynet) has published a warning about the website marketorbitlabs.it.com, citing a France-issued alert from the AMF's impersonation (usurpation) blacklist. Compliance teams should treat the domain as a suspected fraudulent or unauthorized investment site and update screening, blocking, and customer-protection controls accordingly.

The Deutsche Bundesbank announced a multi-ISIN auction to increase two German Federal Treasury Bills (Bubills) by a combined EUR $5 Billion, with bidding on September 21, 2026. The notice is operational rather than a new regulatory obligation, but eligible bidders and treasury, trading, and liquidity teams must meet strict bid, timing, and settlement requirements.

An ECB staff working paper (No 3281) finds that rate increases raise private-sector debt-servicing burdens in the short run, making further tightening more powerful, while loosening cycles progressively weaken the effect of rate cuts. The paper is research and not binding regulation, and it carries an ECB disclaimer that it does not reflect official ECB views. It is still useful for compliance and risk teams because it bears on stress testing, credit risk modeling, and interest rate scenario design.

The Deutsche Bundesbank's September 15, 2026 daily return release shows listed German government bond yields at 3.53% overall, up from 3.27% at the end of August 2026 and 2.58% in August 2025. This is a market-data publication, not a regulatory change, but it matters to compliance teams because Bund yields are a core input for interest rate risk, valuation, liquidity buffer, and stress-testing frameworks.