Warning Savings protection Warning The AMF and the ACPR warn the public against the activities of several entities offering investments in Forex and in crypto-assets derivatives in France without being authorized to do so

1.1 Fri 29/10/2021 - 12:00 Reference texts article 223-1 du règlement général de l’AMF Book 1 Recommendation Closing of the 2021 financial statements and financial statements examination work Closing of the 2021…

On 11 June 2026, the European Parliament’s Committee on Economic and Monetary Affairs (ECON) published the following draft reports on the European Commission’s legislative proposals relating to the market integration and supervision package (MISP): Draft report on the proposal for a regulation of the European Parliament and of the Council amending Regulations (EU) No 1095/2010, No 648/2012, No 600/2014, No 909/2014, 2015/2365, 2019/1156, 2021/23, 2022/858, 2023/1114, No 1060/2009, 2016/1011, 2017/2402, 2023/2631 and 2024/3005 as regards the further development of capital market integration and supervision within the Union. Draft report on the proposal for a directive of the European Parliament and of the Council amending Directives 2009/65/EC, 2011/61/EU and 2014/65/EU as regards the further development of capital market integration and supervision within the Union. Draft report on the proposal for a regulation of the European Parliament and of the Council on settlement finality and repealing Directive 98/26/EC and amending Directive 2002/47/EC on financial collateral arrangements. Each draft report contains draft European Parliament legislative resolutions setting out suggested amendments to the legislative proposals, with the justifications for those amendments set out in explanatory statements.Our earlier podcast on the MISP can be found here.

In his latest blog, Governor Gabriel Makhlouf explains the ECB Governing Council decision to raise interest rates by 0.25 per cent. This first change since June 2025 brings the Deposit Facility Rate to 2.25 per cent. He supported the decision and, along with his colleagues on the Governing Council, is committed to delivering our 2 per cent inflation target over the medium term.

From 15 July 2026 onwards, the banker’s oath will apply to some 30,000 bankers. This disciplinary regime makes bankers personally liable for their actions: they must act with integrity and professionalism and treat their clients honestly and fairly. The banker’s oath has applied to certain categories of bankers since early 2025, and the regime will be extended to all targeted bankers this summer. The Financial Services and Markets Authority (FSMA) provides clarification on the further implementation of the banker’s oath and highlights a number of key obligations.This press release is not available in English. Please consult the French or Dutch site.

ICMA will be sending a delegation to the 2026 Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group, taking place in Bangkok, Thailand, from 13–18 October 2026. The Annual Meetings provide an important opportunity to engage with policymakers, regulators, issuers, and other market participants from across the global financial community. To request a meeting with the ICMA delegation during the Annual Meetings, please contact Allan Malvar.

on 1 april 2026, the bvi financial services commission (fsc) published its q1 2026 newsletter, detailing significant updates and initiatives in the financial services sector. the publication highlights the bvi fsc's proactive approach to global stakeholder engagement, legislative reforms, and compliance enhancement. to help you stay ahead, we have summarised the most critical updates from the newsletter: global expansion: the bvi fsc announced a new latin american representative office in panama, set to open by the end of 2026. furthermore, they officially inaugurated a highly modernised asia representative office in hong kong, strengthening their presence in key international markets. legislative reforms: the bvi fsc detailed vital updates to beneficial ownership regulations. these include new rules around exemptions, liquidator responsibilities, and access to filed information. compliance enhancements: the bvi fsc strongly emphasised its commitment to aml/cft/cpf compliance. through targeted training initiatives and strategic partnerships, such as those with the robert mathavious institute, they continue to build robust industry capacity. deadlines and penalties: you must remain vigilant about upcoming filing deadlines. the bvi fsc clearly outlined the strict penalties for non-compliance regarding beneficial ownership filings, which take effect this month. these developments reflect ongoing adjustments in the bvi’s regulatory environment and highlight active measures being taken to address international standards and industry expectations. stakeholders are encouraged to review these updates carefully and assess their potential impact on future operations. for more information the bvi fsc’s newsletter can be accessed here

The High Court today confirmed the appointment of special administrators for Euro Exchange Securities UK Limited (EES). EES did not seek to overturn the court’s initial decision, which saw the firm cease trading with immediate effect last week.EES agreed it is not in the company’s interests to seek to return to normal trading and will work with the appointed special administrators to ensure client money is returned as quickly as possible.Duncan Perring and James Bennett of Teneo Financial Advisory Limited have been appointed as joint special administrators, under the Payment and Electronic Money Institution Insolvency Regulations 2021.Since being provisionally appointed last week, they have taken control of the firm, secured a significant amount of material and frozen funds.This is the first of its kind case for the FCA, and it will continue to use its powers to their fullest extent to protect consumers and the integrity of the markets. It did so after lengthy engagement with the firm and because of serious concern with the way EES operated its business, which indicated significant financial crime risk. The FCA acted with partners across government, including the Security Industry Authority, as part of joint strategies to disrupt financial crime.Matthew Long, director, payments and digital assets, FCA said: 'The risk of payment firms being used by criminals to launder cash to fund other offences is significant, which is why they must meet expected standards. Fighting financial crime is at the heart of our strategy – and that means using our powers to their fullest extent to protect consumers and the integrity of the financial system.'Notes to editorsOn 4 June 2026, the FCA required EES to cease carrying out any regulated electronic money or payment services and, on the FCA’s application, interim managers were appointed by the Court over EES.The FCA acted based on serious concerns around the way EES operated its business indicated there were significant risks of financial crime. This includes systemic weaknesses in the firm’s financial crime framework and safeguarding arrangements, alongside its ownership and governance.The special administrators are responsible for managing customer claims against the firm and returning funds to customers where possible.If you have any questions regarding the special administration process, please contact the special administrators directly by emailing EESUKCustomers@teneo.com.

The European Banking Authority (EBA) published today the draft methodology, templates, and template guidance for the 2027 EU-wide stress test. The 2027 exercise introduces significant simplifications to improve efficiency and risk sensitivity, while preserving the robustness and comparability of results. Key changes include a substantial reduction in data requirements, the alignment of information with harmonised supervisory reporting, and the integration of climate risks into the EU-wide stress test. A total of 63 banks from the EU and Norway, including 47 from the euro area, will participate, covering 75% of the EU banking sector. The industry consultation is being launched at an earlier stage than for previous EBA stress tests, to facilitate banks’ preparedness.

A significant number of reporting issuers, particularly junior mining issuers, have taken advantage of the listed issuer financing exemption (“LIFE” or the “Exemption”) to raise limited amounts of capital since it was introduced in November 2022. Following a significant increase to the capital-raising threshold under the Exemption in May 2025, LIFE offerings have continued to gain momentum with the emergence of larger offerings and expanded dealer participation....By: Stikeman Elliott LLP

Das Eidgenössische Departement für Wirtschaft, Bildung und Forschung (WBF) hat den Anhang 2 der Verordnung vom 25. Mai 2005 über Massnahmen gegenüber Sudan (SR 946.231.18) geändert.

May 21, Washington, D.C.—SEC and NFA announce Memorandum of Understanding to further harmonize regulatory coordination