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Compliance & Ethics

Norway Financial Supervisory Authority Issues Warning Regarding 3cGroup Website

The Norway Financial Supervisory Authority has issued a formal warning concerning the website of 3cGroup, an entity based in Luxembourg. This notification serves as a red flag for investors and financial institutions regarding the legitimacy or regulatory standing of the entity's operations within the Norwegian jurisdiction.

DNB Extends Non-Enforcement Period for Banking and Trading Book Boundary

De Nederlandsche Bank (DNB) has extended its period of non-enforcement regarding the boundary between the banking book and the trading book. This decision follows guidance from the European Banking Authority (EBA) to mitigate operational complexity and legal uncertainty during the implementation of revised market risk frameworks.

De Nederlandsche Bank Highlights Impact of Food Delivery Services on Inflation

De Nederlandsche Bank has released a report noting that takeaway and food delivery services now play a larger role in the Dutch consumer basket and inflation figures. This shift is driven by permanent changes in consumer behavior following the COVID-19 pandemic and increased costs passed to consumers.

De Nederlandsche Bank Reports Increased Inflation Contribution From Takeaway and Delivery Meals

De Nederlandsche Bank has released a press release highlighting that takeaway and delivery services now hold a larger share of the household consumption basket. This shift in consumer behavior is driving higher contributions to inflation figures, reflecting changes in spending patterns following the pandemic.

Deutsche Bundesbank Launches Europe-Wide Procurement for New Frankfurt Headquarters

The Deutsche Bundesbank has initiated a formal procurement process to acquire a turnkey property in the Frankfurt area for its future headquarters. This shift from the previous "Campus" project toward acquiring an existing or renovated building signifies a change in the central bank's infrastructure strategy and operational footprint.

FCA Provides Guidance on Transition to T+1 Securities Settlement Cycle

The Financial Conduct Authority (FCA) has issued guidance regarding the UK's transition to a T+1 settlement cycle effective October 11, 2027. Compliance teams must ensure that all operational systems, third-party agreements, and counterparty arrangements are updated to support this accelerated timeline to avoid regulatory action.

FCA Issues Warning Regarding Unauthorized Firm Crestwood Corporate Group LLP

The Financial Conduct Authority (FCA) has issued a formal warning that Crestwood Corporate Group LLP is providing or promoting financial services in the UK without required regulatory authorization. Compliance teams should note that interacting with this entity poses significant regulatory and financial risks due to the lack of consumer protections.