Compliance & Ethics

ASIC's Form 5211 is the mechanism by which a retail corporate collective investment vehicle (CCIV) lodges its annual compliance plan audit report under s1226G(4) of the Corporations Act 2001. The corporate director must lodge within three months of financial year-end and disclose whether the auditor issued a qualified opinion on compliance or on plan adequacy. Compliance teams should build this filing into their annual calendars to avoid late fees and regulatory scrutiny.

The SEC Office of Municipal Securities issued a staff statement explaining when a non-solicitor municipal advisor's participation in drafting, reviewing, or assembling disclosure documents is "advice" and municipal advisory activity, and how antifraud and fiduciary exposure follows. It creates no new legal obligations, but it shows how staff will assess advisor liability. Compliance teams should use it to recalibrate engagement scopes, supervisory controls, and disclosure-related practices.

EIOPA's final Q&A (ID 3528) states that derivatives, including forward bond contracts, should not be included in the market value of fixed-income assets (MVFI). Whether repacks are included depends on their contractual specifics. Insurers using long-term guarantee measures should review how they classify these exposures, because the classification affects the calculation.

ASIC's Form 5240 is the mechanism a corporate collective investment vehicle (CCIV) must use to notify ASIC of a proposed sub-fund name change under the Corporations Act 2001. The form carries strict lodgement windows of 14 or 60 days depending on the trigger, and late fees apply. Compliance teams at CCIV operators should confirm that their name-change workflows meet these deadlines and the related requirements.

The Norway Financial Supervisory Authority (Finanstilsynet) has listed a warning on GooeyTrade that originates from the Netherlands Authority for the Financial Markets (AFM). The AFM source URL places the entity in its "boilerroom" warning category, which signals suspected high-pressure investment fraud. Compliance teams should treat GooeyTrade as a high-risk counterparty and update screening and customer-protection controls.

The Norway Financial Supervisory Authority (Finanstilsynet) has published a warning about the website francejournal.info, which the French AMF added to its crypto-currency blacklist. Compliance teams should treat the domain as a high-risk, likely unauthorized or fraudulent crypto-related operation and update their screening and customer-protection controls accordingly.

A warning has been published on SwissWealthManagement Ltd, listed under the "boilerroom" category, which signals suspected high-pressure investment fraud targeting consumers. The source record contains inconsistencies, so compliance teams should confirm the originating authority before acting on it. Firms should screen for the entity and strengthen fraud and AML controls.