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Bank of Uganda extends large SACCO licensing compliance deadline to March 31, 2027
The Bank of Uganda has extended the deadline for large SACCO licensing and licensed-only dealings by Regulated Financial Service Providers from Sept. 30, 2026, to March 31, 2027. Eligible SACCOs must submit applications within 14 calendar days of the notice and complete licensing by the new deadline, with no further extensions planned.
European Commission launches consultation on financial services right to be forgotten for cancer survivors
The European Commission is consulting on an EU approach to stop past cancer diagnoses from affecting financial service prices or access after a defined period following active treatment. The initiative covers services such as life and health insurance and mortgages, addressing uneven protection across member states.
Central Bank of Ireland cuts Insurance Compensation Fund levy to 0% from January 2027
The Central Bank of Ireland will cut the Insurance Compensation Fund levy from 1% to 0% from Jan. 1, 2027, after the fund repaid its outstanding Exchequer loan. The change will reduce sectorwide collections by about EUR 60 million, and firms must remove separately stated levy charges from policies and installments applying from that date.
Bank of Albania concludes IMF and World Bank financial sector assessment, review finds healthier institutions and stronger oversight
The Bank of Albania has concluded the IMF-World Bank assessment of Albania’s financial sector, which found healthier institutions, stronger oversight and a more diversified system than in 2013-2014. Recommendations focus on resilience, risk management and financing the real economy. Authorities plan to incorporate them into medium-term reforms and EU alignment work.
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Updated just nowView the key developments for the period from September 21 - 27 2026 in the latest Global Regulator & Central Bank News Roundup. Access Regxplora on the go with our new iOS app.
Disclaimer: Summaries are created using generative AI and may contain inaccuracies. Please refer to the original source for authoritative information.
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216 updates in the past 7 daysThe Philippine Securities and Exchange Commission ordered G’s Kicks, NShop and AI Quest to stop soliciting investments through unregistered securities. The orders also restrict related internet activity, transactions involving depository bank funds and asset transfers. The schemes advertised returns ranging from 8% in 30 days to 150% in 30 days.
The Australian Securities & Investments Commission has replaced six expiring managed investment scheme relief instruments with five new instruments, consolidating the previous serviced apartment and property rental measures. The relief covers property schemes, charitable fundraising, school deposits, horse schemes and attribution managed investment trusts, while related regulatory guidance will be updated in the coming months.
The South Korea Financial Services Commission will introduce annual disclosures of company-level dormant asset refunds and balances from 2027, covering financial sectors including banking, securities and insurance. Firms will also be expected to set management targets, promote repayments and report results through their consumer protection internal control structures.
The Hong Kong Securities and Futures Commission and the Accounting and Financial Reporting Council have expanded their cooperation on financial reporting, compliance reporting and related audit work. The framework now covers licensed corporations, virtual asset service providers, authorized funds and registered open ended fund companies, and supports information sharing, referrals and coordinated regulatory action.
The Hong Kong Securities and Futures Commission and Accounting and Financial Reporting Council signed a modernized cooperation agreement covering financial reporting and audit oversight. The framework strengthens intelligence and expertise sharing to support earlier risk detection and more effective regulatory responses.
The Australian Securities and Investments Commission has extended three financial markets relief instruments for five years, with no material change to the relief. The measures support Austraclear settlement, streamline directors’ interest disclosures and simplify records for foreign market dealings, with the disclosure relief expanded to equivalent declared financial markets.
The South Korea Financial Services Commission has proposed a registration and conduct framework for online deposit brokers, formalizing services tested under the regulatory sandbox since November 2022. The rules would require comparison of at least three providers, annual algorithm verification and brokerage limits, while restricting special benefits and misleading advertising. Existing sandbox operators would receive a six-month registration transition after the rules take effect.
The Australian Prudential Regulation Authority has consolidated all guidance for the Economic and Financial Statistics collection into a revised practice guide for authorised deposit-taking institutions and registered financial corporations. The update adds guidance on set-off accounts and incorporates the previously separate FAQs, which APRA will retire from its website.
The Australian Securities and Investments Commission has approved an updated competency standard for registered company auditors, strengthening its focus on ethical behavior. Effective Oct. 1, 2026, the standard offers applicants an alternative to time based experience requirements.
Argentina Securities Commission Chair Roberto E. Silva reviewed the regulator’s Big Bang program to simplify capital markets regulation, lower costs and improve access to financing. He highlighted stronger standards for primary securities placements, final FAL rules and the Restricted Subjects regime, while emphasizing tighter supervision of market agents.
The Central Bank of Oman adopted a policy governing the classification and licensing of banks and representative offices of foreign banks. It also adopted an emergency policy and framework and approved its financial position for the second quarter of 2026.
The Saudi Capital Market Authority is consulting on rules governing capital market institutions’ dealings with clients in foreign financial markets. The proposals clarify suitability assessments and require at least 50% client margin for external securities transactions, while prohibiting margin dealing in highly leveraged instruments and certain loss-making companies.