Compliance & Ethics

Finansinspektionen has amended Chapter 7 of FFFS 2017:2 to revise the conditions under which securities institutions may receive third-party investment research without it being treated as an inducement. The amendments take effect October 1, 2026, and tighten requirements for research quality assessment, client disclosure, and research budget governance. Compliance teams at Swedish securities institutions must update their research payment arrangements and controls before that date.

The Bundesbank announced results of the September 15, 2026 tap of the 2.70% Federal Treasury Notes (Schatz) due September 13, 2028, raising total outstanding volume to EUR $22 Billion. This is a market-operations notice, not a new compliance obligation, but it carries relevance for liquidity, collateral, and market risk teams, given soft demand (cover ratio of 1.3) and an average yield of 3.27%.

ASIC has published Form 555, which a controller of a company's property may use to notify ASIC that the time to submit the report on company activities and property has been extended under s429(4) of the Corporations Act 2001. The form is optional, but lodgement should occur as soon as practicable after the extension is granted. Compliance and insolvency teams should confirm that internal procedures capture this notification step. This is not a new rule: the form is dated 31 October 2018, though it appears in a 2026-09-15 update.

The European Central Bank released its routine weekly consolidated financial statement of the Eurosystem, reflecting balance sheet positions as at 11 September 2026. The provided content contains only the reference date, with no figures or policy changes. It creates no new compliance obligations, but it remains a useful input for liquidity and market monitoring.

On September 15, 2026, the SEC approved FINRA Rule 3290, as modified by Partial Amendment No. 1. The rule replaces Rules 3270 (Outside Business Activities) and 3280 (Private Securities Transactions) with a single framework that narrows reportable activity to investment-related activities. Compliance teams at member firms will need to revise policies, procedures, and surveillance to reflect the new scope, categories, and assessment factors.

The Hong Kong Monetary Authority (HKMA) allotted HKD $64.979 Billion of 91-day and HKD $14 Billion of 182-day Exchange Fund Bills on September 15, 2026, with accepted average yields of 2.83% and 3.02%. This is a routine market operation and not a new compliance requirement. It does show strong demand and the current short-term HKD rate environment, which matters for treasury, liquidity, and market risk monitoring.

The Austrian Financial Market Authority (FMA) fined a management board member of an issuer EUR 18,000 under the Market Abuse Regulation (MAR) for failing to notify a personal transaction within three business days. The decision is final and was resolved through an accelerated procedure. It shows that regulators enforce managers' transaction (PDMR) reporting deadlines strictly, even for single late filings by individuals.