GRC Report Staff

CFTC Certifies FEX Copper Futures Forecast Contract as New Swap Product

The CFTC has recorded certification of a new Designated Contract Market (DCM) product from FEX, a binary option-style event contract tied to copper futures price forecasts. This filing is relevant to compliance teams at firms trading, clearing, or offering access to CFTC-regulated derivatives, as it expands the universe of certified products subject to CFTC oversight.

MAS Consults on Legislative Amendments to Implement Stablecoin Regulatory Framework

MAS has published a consultation paper proposing amendments to the Payment Services Act 2019 to formalize its Single-Currency Stablecoin (MAS-SCS) framework, covering licensing, value stability, capital, redemption, and disclosure requirements. Compliance teams at financial institutions engaging with stablecoins, digital payment tokens, or tokenized asset markets in Singapore should review the proposals closely, as they will determine who can market stablecoins as "MAS-regulated" and set new safeguards for issuers and intermediaries. Comments are due by October 16, 2026.

EIOPA Issues Advice on Minimum Common Standards for EU Insurance Guarantee Schemes

EIOPA has published its technical advice to the European Commission on harmonizing minimum standards for insurance guarantee schemes (IGS) across the EU. The advice aims to strike a balance between targeted harmonization of policyholder protection mechanisms and preserving national flexibility, which will shape future EU legislative proposals affecting insurers' contingency planning and cross-border risk management.

APRA Confirms OnePath Custodians Completes Court Enforceable Undertaking Obligations

APRA has confirmed that OnePath Custodians Pty Limited (OPC), part of the Insignia Financial Group, has fully satisfied its obligations under a Court Enforceable Undertaking (CEU) originally accepted in July 2024 for default contribution failures. The conclusion of the CEU, including the lifting of a AUD $40 Million capital overlay, demonstrates APRA's supervisory approach of enforcing accountability while recognizing genuine remediation efforts.

Dutch DPA Issues No-Objection Opinion on Rehabilitation Care Experiment Regulation

The Netherlands Data Protection Authority (AP) has reviewed the draft Regulation on the Experiment in Rehabilitation and Recovery Care (NR/REG-2701) under Article 36(4) GDPR and raised no objections. While this is a sector-specific healthcare regulation, it illustrates the AP's assessment framework for evaluating proportionality and data protection safeguards in draft legislation, which is instructive for compliance teams managing GDPR-related legislative consultations.

FCA Issues Warning on Unauthorized Firm Secure Beacon Finances

The FCA has flagged "Secure Beacon Finances" as an unauthorized entity potentially soliciting UK consumers for financial services without permission. Compliance teams should note this warning for financial crime monitoring, customer due diligence, and fraud prevention purposes, as consumers dealing with this firm have no recourse through the Financial Ombudsman Service or FSCS.

FCA Issues Warning Against Unauthorized Firm MPay Global

The FCA has added MPay Global to its Warning List as an unauthorized entity potentially providing or promoting financial services in the UK without permission. Consumers dealing with this firm have no access to the Financial Ombudsman Service or FSCS protection, and compliance teams should ensure this entity is screened against onboarding, payments, and third-party due diligence systems.