The U.S. Securities and Exchange Commission has proposed fully rescinding its investment adviser pay-to-play rule and eliminating related recordkeeping requirements. The SEC cited implementation burdens and restrictions on political contributions, while pointing to existing antifraud, fiduciary, compliance and ethics obligations as continuing safeguards.
The U.S. Securities and Exchange Commission has proposed fully rescinding its investment adviser pay-to-play rule and related recordkeeping requirements. Advisers would instead manage pay-to-play risks under existing antifraud, fiduciary, compliance and ethics obligations. The SEC estimates annual monetized benefits of about USD 416.3 million.
The Dominican Republic's Pensions Superintendency outlined how planned generational pension funds will shift members from higher-risk portfolios when young to more conservative investments near retirement. Superintendent Francisco A. Torres also reported average historical nominal AFP returns above 11%, with investment earnings accounting for more than half of individual-account balances. Low contribution rates, informality and payment gaps remain constraints on pension accumulation.
The Superintendency of Banks of Panama ranked 47th in SUMMA magazine’s corporate reputation ranking, improving by 13 places from the previous year. The survey covered 2,000 senior executives and marked the authority’s second consecutive appearance in the list.
The Central Bank of Peru reported that exports reached USD 109.413 billion over the four quarters through the second quarter of 2026, up USD 26.321 billion year over year. Second-quarter exports increased 35.2% to USD 27.279 billion, driven mainly by higher traditional export prices and increased gold shipments.
The National Bank of Belgium reported that the Markets Court has set aside an FSMA decision imposing a EUR 300,000 fine for an alleged nine-day delay in disclosing inside information. The court found that the FSMA had failed to demonstrate an infringement of the applicable EU market abuse rules.
The Brazil Securities Commission lifted the suspension of the NTZ Empreendimentos fund unit offering after the offeror substantially remedied identified irregularities. The lifting remains conditional on specified adjustments to the offering documents.
The Brazil Securities Commission suspended OPEA Securitizadora’s offering of real estate receivables certificates after identifying unresolved documentation irregularities. OPEA must remedy the deficiencies by Oct. 5, 2026, or the offering may be permanently canceled.
Commodity Futures Trading Commission International Affairs Director Mel identified four gaps in international oversight as derivatives markets become continuous, programmable and increasingly autonomous. He called for stronger real-time supervisory cooperation, greater derivatives expertise in financial stability oversight, more risk-focused standard-setting governance and safeguards suited to around-the-clock markets. The CFTC is also reviewing foreign market access and related cross-border arrangements, continuing its focus on modernizing oversight of non-U.S. participation.
The US Financial Crimes Enforcement Network issued an alert after analyzing 33,904 Bank Secrecy Act reports involving approximately USD 12.7 billion in reported suspected digital asset investment scam activity. Financial institutions should monitor red flags involving victim payments, guarantee marketplaces and on-chain laundering, and use the specified scam-center keyword when filing related suspicious activity reports.
The Bank of Canada unveiled a vertical CAD 20 bank note featuring King Charles III that will gradually enter circulation in late February 2027. The note retains the Canadian National Vimy Memorial and introduces new security features designed to be easy to authenticate and difficult to counterfeit.
The Bermuda Ministry of Finance updated on the Premier’s European meetings concerning regulatory cooperation, Solvency II, securitization and international tax. The delegation will return to Brussels for an international insurance conference and further engagements with European Union officials.
The Central Bank of Slovenia reported stronger-than-expected second-quarter GDP growth of 1.8% quarter-on-quarter and 5.0% year-on-year, with its models indicating 0.5% growth in the third quarter. Inflation rose to 3.4% in August, while supply-driven energy price shocks pose particularly severe risks to activity and inflation persistence.
The Slovenia Insurance Supervision Agency has convened its Insured 360º conference on protecting policyholders as longevity, natural catastrophes and AI reshape insurance risks. Discussions emphasize affordable coverage, understandable and proportionate regulation, and fairness, transparency and privacy in the use of AI. The program also includes seismic stress-test results and earthquake loss estimates.
The National Bank of Moldova briefed journalism students ahead of their participation in the Modern Finance School program in Romania. Running from Sept. 5 to Sept. 13, 2026, the program will provide practical instruction on economic and financial mechanisms and the role of central banks.
The Central Bank of Cyprus published July 2026 data on interest rates for euro-denominated deposits and loans involving euro area residents, including renegotiated contracts, and amounts of new lending.
The National Bank of Ukraine reported nearly UAH 170 billion in cumulative receipts through its special defense fundraising account, including more than UAH 9.9 billion received in August. Almost UAH 158.1 billion has been allocated to defense needs, while the account balance stood at nearly UAH 13 billion as of Sept. 1, 2026.
The National Securities and Stock Market Commission of Ukraine backed draft government measures on accession to the OECD corporate governance recommendation and a pilot registry for factoring-related assignments of monetary claims. It also amended requirements for authorized electronic systems, approved its second-quarter market assessment and took a range of supervisory and securities-related decisions.
Angola's Ministry of Finance emphasized disciplined budget execution, spending prioritization and continuous fiscal risk monitoring during an economic assessment mission. Preliminary projections point to robust growth in 2026 and 2027, led increasingly by non-oil sectors, while inflation has slowed to single digits in most provinces covered by the Consumer Price Index.
The Insurance and Private Pension Regulation and Supervision Agency of Türkiye has announced TFRS 17 certification exams for financial and insurance technical professionals in Istanbul on Nov. 21, 2026. Applicants must have at least one year of relevant professional experience and apply between Sept. 2 and Oct. 10.
The Central Bank of Libya reviewed cash liquidity, regulated access to foreign currency and the continued expansion of electronic payments. Gross electronic payment transactions reached about LYD 764.9 billion from Jan. 1 through Aug. 31, 2026, while the central bank pressed banks to improve operational readiness, compliance and service delivery.
The Cape Verde Ministry of Finance and Ecobank agreed to establish a joint workstream to identify projects and financing opportunities across government priorities. Areas under consideration include inter-island transport, small-business and women’s access to credit, agriculture, local production and renewable energy.
The Bank of Mauritius reduced the bid validity period for its procurement of 110 laptops from 90 days to 60 days from the submission date.
The Ghana National Insurance Commission highlighted financial literacy as a key component of insurance consumer protection at the launch of LevelA Ghana. The free digital platform provides self-paced education on financial management, insurance and fraud prevention, supporting consumers in understanding products, risks and rights.
South Africa’s Financial Sector Conduct Authority imposed ZAR 10 million in penalties over coordinated trading that manipulated or created a false appearance of activity in Altvest shares. CEO Warren Wheatley, Tatum Keshwar-Wheatley and Chief Investment Officer Akshay Karan were also debarred for 20 years each.
The Egypt Financial Regulatory Authority clarified that it has neither introduced new rules nor banned clauses allowing the assignment of rights in property developer contracts, a practice permitted and regulated by the Civil Code.
The Central Bank of Russia and the National Bank of the Republic of Belarus held their 64th Interbank Currency Council meeting. Discussions covered financial markets, banking and payment system cooperation, and further collaboration under the Union State Treaty for 2027–2029.
The Russian Ministry of Finance reported that trade with Mongolia rose 18.1% in the first half of 2026, after reaching USD 2.7 billion in 2025. Bilateral talks focused on trade, transport, energy and industrial cooperation, as well as preparations for a September regional forum and the first joint committee meeting on implementing the Eurasian Economic Union trade agreement.
The U.S. Securities and Exchange Commission’s Investor Advisory Committee will meet on Sept. 10 to discuss AI in the public-markets information ecosystem and Regulation NMS. The market-structure panel follows broader SEC efforts to reassess Regulation NMS, including proposed changes to core trading rules.
The National Bank of Belgium reported that the Markets Court has set aside a EUR 300,000 fine for allegedly delayed disclosure of inside information. The court found that the Financial Services and Markets Authority had failed to demonstrate an infringement of the applicable EU market abuse rules.
Latvia's Ministry of Finance discussed aligning the EBRD's 2026–2031 strategy with the country's development and security priorities. It emphasized continued support for Baltic capital markets, deeper EU market integration and investment linked to regional development and the eastern border.
The Argentina Securities Commission has overhauled credit rating agency rules as part of its broader regulatory simplification initiative, cutting the framework from 164 articles to 81. The reform narrows its scope to public credit risk ratings, eases procedural, outsourcing and disclosure requirements, and gives agencies more flexibility while retaining continuous monitoring and at least annual updates.
The Brazil Securities Commission issued annual guidance for registered independent auditors covering registration, audit execution, documentation and investment funds. Sustainability-related financial reports disclosed for fiscal years beginning on or after Jan. 1, 2026, require reasonable assurance, while fiscal 2025 information remains subject to limited assurance.
The U.S. House Committee on Financial Services reviewed the Trump administration’s economic policies and Republicans’ agenda for community banking, capital formation and digital assets. The hearing focused on tailored bank regulation, new bank formation and a proposed digital asset framework dividing jurisdiction between securities and commodities regulators.
The Federal Reserve Board found that commodity futures generally outperform simple backward-looking forecasts when futures prices differ meaningfully from spot prices. However, futures are typically not unbiased predictors, and their forecast errors increase as the curve moves further from flat.
Federal Reserve Board analysis found that direct consumer goods imports represented between 2.6% and 13.8% of consumption across 31 states. Under an illustrative uniform 10-percentage-point tariff increase with full consumer-price pass-through, estimated cost-of-living effects ranged from about 0.3% in Nebraska to 1.4% in California.
Canada's Office of the Superintendent of Financial Institutions will hold a virtual Industry Day on September 24 to discuss measures scheduled for its September 10 Quarterly Release Day. Sessions will cover final 2027 capital and crypto-asset guidelines, frontier artificial intelligence threats, actuarial peer review expectations and the new Regulatory Data Hub.
The Financial and Consumer Services Commission of New Brunswick’s 2025-2026 annual report reviews its consumer protection and regulatory work across the financial marketplace.
The Guernsey Financial Services Commission has notified businesses of amended listing details for Ozon Bank, which remains subject to Russia sanctions and an asset freeze. Businesses must identify and freeze relevant assets and report affected relationships, while regulated firms must also provide specified information to the Commission.
The Guernsey Financial Services Commission has proposed a 4.3% overall fee increase from Jan. 1, 2027, and fixed its previously signaled one-off insurance-sector rebate at 17%. The consultation also seeks to clarify fees for custodians and certain virtual asset activities, while future stablecoin license fee changes will be addressed separately.
The European Commission is backing a EUR 21 million portfolio guarantee signed by Cassa Depositi e Prestiti and ALEXBANK, covering EUR 30 million in lending to Egyptian agrifood microenterprises, mainly small farmers. The transaction uses EU resources to expand financial inclusion and support more resilient agrifood value chains.
The Australian Competition and Consumer Commission reported that approximately 90% of mergers are being determined within 20 business days under the new mandatory regime. It identified responsiveness, stronger regulatory capabilities and proportionate intervention as priorities for the next five years, alongside further work on environmental claims, online product safety and consumer protections.
The Central Bank of the Dominican Republic is contesting the attempted enforcement of a USD 5 million judgment and has appealed to the full Supreme Court of Justice. It maintains that it fulfilled the underlying 2004 property transfer agreement and that a March 2026 cadastral assessment confirmed the consortium’s ownership and the land’s availability.
The Canadian Bankers Association reports that 15 U.S. bank subsidiaries and branches operate in Canada with about CAD 124.6 billion in assets. U.S. banks account for half of all foreign bank assets in the country and serve both cross-border and domestic customers.
The Securities and Exchange Commission of Zimbabwe is recruiting two corporate finance and policy interns for its Policy and Market Development Department. Applicants must be pursuing a relevant bachelor’s degree and apply by Sept. 15, 2026.
The Securities and Exchange Commission of Zimbabwe has warned of scams impersonating the regulator and licensed investment firms to solicit funds with false promises of exceptionally high returns. Investors should check the commission’s register and use published contact details to verify firms and their representatives before investing.
The International Financial Services Centres Authority reported broad growth at GIFT City in the first quarter of fiscal 2026-27. Registrations and authorizations reached 1,336, while IFSC Banking Unit assets rose to USD 120.69 billion. Insurance premiums more than doubled, alongside growth in fund commitments, leasing and payments.
The Financial Transactions and Reports Analysis Centre of Canada fined Nova Scotia Gaming Corporation CAD 231,826 for anti-money laundering compliance failures. The violations concerned suspicious transaction reporting, compliance policies and procedures, and risk assessment and documentation. The penalty has been paid in full, and the case is closed.
The Financial Transactions and Reports Analysis Centre of Canada fined the New Brunswick Lotteries and Gaming Corporation CAD 399,712.50 for failing to submit required suspicious transaction reports. The corporation paid the penalty in full, and the case is closed.
The Central Bank of Nicaragua held its Monetary Policy Reference Rate at 5.75% and kept its overnight repo and deposit facility rates at 7.00% and 4.50%, respectively. Domestic growth and low inflation supported the decision, while global inflation, geopolitical tensions and climate conditions remain risks.
A Bank for International Settlements working paper finds that zombie firms have increased sharply across 10 Asian emerging market economies and are sustained by weak banks’ loan evergreening. Their prevalence depresses healthy firms, domestic growth and inflation, while transmitting lower growth and inflation to advanced economies mainly through intermediate-goods trade rather than cross-border banking.
The Bank for International Settlements’ Financial Stability Institute reviewed simplified small bank regimes in six jurisdictions, finding wide variation in eligibility, capital and liquidity treatment. It recommends defining eligible banks by size, complexity and risk profile and matching each regulatory simplification with safeguards that preserve resilience.
The Angola Capital Markets Commission approved the Eaglestone Treasury open-ended fund for public subscription. The fund will invest across Angola’s money and capital markets and will be managed by Eaglestone Capital, with Banco de Investimento Rural as depositary.
Federal Reserve Board Governor Christopher Waller would support holding rates steady in September if August data confirm further disinflation. He would consider a rate increase if inflation accelerates, given his view that policy is only slightly restrictive. Three-month core inflation declined to 3.05% through July.
The Central Bank of Chile’s latest business survey found moderating cost and selling-price pressures, alongside lower sales and weaker profit margins. Median inflation expectations remained at 4% for 12 months and 3.5% for 24 months, while exchange-rate pressure on prices increased.
The Mauritius Financial Services Commission has invited local bids for network area storage procurement. Online bids are due by 4 p.m. on Sept. 14, 2026, followed by a required decrypting and re-encrypting window.
Kazakhstan has published its first law governing credit rating agencies, establishing recognition, supervision, independence, methodology and disclosure requirements. The framework covers a National Bank-founded Kazakh agency, qualifying international agencies and foreign agencies recognized by their home regulators. It advances the earlier legislative initiative into statute and envisages a competitive national agency to broaden access to ratings, including for small and medium-sized enterprises.
The Brazil Securities Commission approved an amendment expanding and consolidating its cooperation with ANBIMA on investment fund supervision under CVM Resolution 175. The 10-year agreement clarifies oversight roles, broadens coverage of Financial Investment Funds and adds data sharing on foreign assets and support for IOSCO statistical reporting.
Argentina Securities Commission Chair Roberto E. Silva reviewed the regulator’s Big Bang overhaul, focused on simpler rules, broader financing access and investor protection. He highlighted the expansion of tokenization to securities under the automatic public offering framework and the regulation of virtual asset service providers.
The Brazil Securities Commission rejected a settlement proposal from two Ambipar investor relations officers over alleged treasury-share and disclosure breaches. It separately accepted a BRL 180,000 agreement with Iguatemi board member Carlos Jereissati concerning a share sale before the company released first-quarter 2025 financial information.
The Central Bank of the Republic of Azerbaijan has refined its systemically important bank assessment methodology and aligned it with the risk-based supervisory cycle. The changes narrow the transactions and assets counted in key indicators, set Sept. 1 as the annual list-approval deadline, and establish different implementation timing for capital buffer increases and reductions.
The National Bank of the Kyrgyz Republic is consulting on amendments to regulations addressing the financing of criminal activity and laundering of criminal proceeds.
The National Bank of the Kyrgyz Republic will suspend Nurzhigit Ltd’s exchange bureau license from Sept. 4 through Sept. 13, 2026, for legal and regulatory violations.
Iceland recorded a second-quarter current account deficit of ISK 120.3 billion, or 9.3% of GDP, as a large goods deficit outweighed the services surplus. The net international investment position rose by ISK 351 billion to ISK 2.408 trillion, equivalent to 46.9% of GDP, mainly because of price and exchange-rate movements.
The Finnish Financial Supervisory Authority has updated its capital regulations and guidelines to reflect CRR3, ECB guidance and related changes to credit and operational risk frameworks. Effective Sept. 7, 2026, the amendments also clarify the treatment of certain property development exposures and receivables from or guaranteed by Finnvera Plc.
The Reserve Bank of Australia published audio of Assistant Governor Brad Jones’s panel participation at Intersekt 2026.
Sveriges Riksbank Governor Erik Thedéen said recent data confirm that Sweden’s economic recovery is on firmer ground. Inflation has exceeded the June forecast, but there are no clear signs of a lasting, broad-based increase, while labor market slack may contain near-term price pressures.
The Financial Conduct Authority has decided to ban Daniel Thomas and fine him GBP 742,700 for allegedly providing unauthorized defined benefit pension transfer advice to 53 clients. The findings, which also cover misleading statements, destroyed records and failure to cooperate, remain provisional because Thomas has referred the case to the Upper Tribunal.
The Islamic Development Bank signed USD 1 billion in financing to modernize and expand Bangladesh’s Eastern Refinery, supporting greater refining capacity and reduced reliance on imported refined petroleum products. The bank and Bangladesh also discussed a 2027–2031 partnership strategy focused on national development priorities, including energy, food security, connectivity, digitalization and private sector growth.
The Islamic Development Bank and Professor Muhammad Yunus explored how Bangladesh’s microfinance and social business experience could be applied across the bank’s member countries. Their discussions focused on youth entrepreneurship, financial inclusion and community-based development models.
The Organisation for Economic Co-operation and Development has issued a framework to help governments mobilise FDI for digital transformation. It focuses on policy co-ordination, proportionate regulation, targeted financial and technical support, and measures to reduce information and administrative barriers. Greenfield FDI in digital sectors reached 26% of global greenfield investment in 2021-2025.
The Malta Financial Services Authority has set detailed expectations for insurance and reinsurance undertakings after inspections found recurring weaknesses in regulatory reporting controls and data consistency. Firms should strengthen reconciliations, preparer-reviewer checks, documentation, internal audit coverage and data management, while reducing spreadsheet reliance and ensuring returns are accurate, complete and submitted on time.
The Bank of France found that 67% of French firms with at least 20 employees used generative AI in early 2026, mainly experimentally or in support functions. Productivity gains remain limited, though 60% of firms using or planning to use AI expect gains over the next three years. Firms also anticipate continued investment, modest employment reductions and no significant fall in selling prices.
The Bank of France found that banknote velocity is declining as transactional use gives way to hoarding, even though overall cash demand remains strong. EUR 50 notes are increasingly used for transactions, while EUR 100 circulation has been affected by returns from abroad. The central bank is considering three measures to improve the supply and quality of EUR 5 notes.
Central Bank of Seychelles Governor Caroline Abel has resigned, effective Sept. 16, 2026. First Deputy Governor Brian Commettant will oversee the central bank’s management and operations pending the appointment of a new governor.
The Tanzania Insurance Regulatory Authority gathered insurers’ feedback on a draft guideline covering the detection, prevention and reporting of insurance fraud. The authority plans to refine and issue the guideline, continuing its emphasis on exposing misconduct and supporting enforcement in the insurance market.
Uganda’s Ministry of Finance called for capital markets to play a larger role in mobilizing the long-term funding needed to build a USD 500 billion economy by 2040. The Capital Markets Authority plans to widen investment participation and products, support the country’s first sovereign sukuk and address thin equity-market liquidity.
The Payment Systems Regulator has confirmed that the Current Account Switch Service continues to qualify as an alternative switching scheme. The service must benefit consumers, impose no additional regulatory burden and complete switches within 12 working days.
The Financial Action Task Force has published an assessment showing that professional money laundering through underground banking, hawala and similar providers is widespread and increasingly digitalized. These networks now combine informal settlement with virtual assets, fintech platforms and formal financial accounts, complicating detection and tracing. FATF recommends clearer regulation, system-wide disruption, stronger intelligence sharing and technology-enabled cross-border enforcement while preserving access to legitimate remittance services.
Kazakhstan’s financial market regulator reported that microfinance sector assets rose 0.2% in the second quarter to KZT 3.5 trillion, while the loan portfolio fell 0.6% to KZT 3.1 trillion. The NPL90+ ratio improved to 3.9% from 4.9% a year earlier, including a decline to 5.1% for individual borrowers.
Kazakhstan’s financial market regulator reported that banking sector assets rose 1.9% in July to KZT 75.6 trillion, while loans increased 0.4% to KZT 42.1 trillion as household lending offset a decline in business credit. Loans more than 90 days past due held at 4.1%, and capital adequacy ratios remained above 19%. Deposits grew to KZT 50.9 trillion, while year-to-date net profit fell 14.9% to KZT 1.396 trillion.
Kazakhstan's financial market regulator reported insurance sector assets of KZT 4.5 trillion and year-to-date premiums of KZT 1.05 trillion. Premiums rose 8.8% from a year earlier, while claims increased 27.3% to KZT 312 billion. Contract volumes fell 31.6%, mainly due to a sharp decline in accident insurance policies following an agent commission cap.
Kazakhstan’s financial market regulator reported that equity market capitalization rose 0.3% in July to KZT 47.7 trillion, although equity trading fell 20.1%. Corporate bond trading increased 3.7-fold to KZT 1.3 trillion, while government securities trading grew 28.8% to KZT 1 trillion. Investment fund assets declined 3.4% to KZT 314 billion.
Kazakhstan’s financial market regulator reviewed 15,100 complaints in July, down 7.5% from the previous month, and imposed 27 fines totaling KZT 13.9 million. Banks drew half of all complaints, while debt resolution was the leading issue. The agency also reported further cumulative support under its established mortgage refinancing program, including KZT 214.3 billion of refinancing for 33,300 loans and KZT 101.2 billion of additional assistance for 10,600 socially vulnerable borrowers.
Mozambique’s president appointed Felisberto Dinis Navalha as governor of the Bank of Mozambique. Benedita Maria Guimino was appointed vice governor.
The Central Bank of the Republic of Azerbaijan published staff research on a customs-based Imported Food Price Index that leads official food inflation by about two months, with a peak correlation of 0.81. Its machine-learning forecasting model achieved an average out-of-sample R-squared of 58.10% against a random walk and is intended for use in broader inflation forecasting.
The South Korea Financial Services Commission expanded eligibility for its second frontier AI security test from 49 to 75 firms and will select up to 15 participants for one-year relief from network-separation rules. Selected firms must adopt alternative security controls and report their findings, while an interim review of the first round found that AI could scan large codebases rapidly and consistently for vulnerabilities.
South Korea's Ministry of Economy and Finance outlined support for medical device exporters facing certification, market-entry, logistics and staffing barriers. Available measures include vouchers, low-interest policy financing, certification advice, workforce training and dedicated export guidance, with regional export and financing sessions scheduled for Sept. 16.
South Korea's Ministry of Economy and Finance reviewed support for Homeplus workers and suppliers following court approval of the retailer’s rehabilitation plan. Assistance has included KRW 83 billion in worker benefits and loans, alongside supplier funding, guarantees and KRW 5.6 trillion in bank maturity extensions and repayment deferrals. The government will continue monitoring the plan and providing support.
The Central Bank of Montenegro has completed an independent assessment of its readiness to join the European System of Central Banks upon Montenegro’s EU accession and later participate in the Eurosystem. The report identifies further capacity and investment needs across policy, supervision, technology, resilience and staffing. Its recommendations will form the basis of an implementation roadmap with concrete projects, resources and timelines.
The National Bank of Serbia reported that its instant payment system processed 34.5 million transactions in the second quarter of 2026, up 30.7% year over year. Transaction value increased 32.3% to RSD 442.0 billion, while daily payments reached a record 609,155 on May 15.
The Central Bank of Cyprus examines the effects of geoeconomic fragmentation and China’s changing global role. The blog post assesses the implications of “China Shock 2.0” for Europe and emphasizes the growing importance of deeper European cooperation and integration.
The Central Bank of Syria has agreed with Frankfurt University of Financial and Administrative Sciences and KfW to provide three years of training and specialized expertise for Syria’s banking workforce. The KfW-funded initiative will focus primarily on central bank employees while also covering the wider banking sector.
Greece's Ministry of National Economy and Finance and Ministry of Social Cohesion and Family completed contracting under the Home II first-home loan program, with 14,114 agreements worth EUR 1.54 billion. The program converted 93.5% of approvals into contracts and used EUR 943.2 million in public support to mobilize property purchases exceeding EUR 2.15 billion. Two-thirds of beneficiaries had annual income of up to EUR 24,000.
The National Securities and Stock Market Commission of Ukraine explained that share-sale profits generally face a combined 23% tax, while dividends are generally taxed at 10% or 14% depending on the payer. Qualifying income from domestic government bonds is exempt from personal income tax and the military levy. Proposed tax incentives for personal investment accounts are not yet in force and depend on pending legislation.
The Hong Kong Securities and Futures Commission requires authorised public funds to enhance disclosures about direct and indirect private credit and private equity exposure. Funds with total exposure of at least 50% of net asset value will be treated as complex products and subject to heightened suitability requirements, while the SFC may designate funds below that threshold case by case. Existing funds must review their exposures and update offering documents as soon as practicable.
The Hong Kong Monetary Authority warned of fraudulent bank websites, fake login screens, phishing emails and other scams. Customers should not follow embedded links or disclose passwords and one-time passwords, and affected individuals should contact their bank and the police.
The Bank of Finland reported that Finnish card payments rose 6% by value to EUR 20.6 billion and 4% by number to 680 million in the second quarter of 2026. Remote payments reached EUR 6 billion, while contactless payments accounted for 47% of total card payment value.
The Financial Supervisory Authority of Norway found that BDO breached audit law in its 2025 audit of a public-interest entity. Deficiencies concerned revenue-completeness testing, evidence supporting the valuation of a material intangible asset and professional skepticism, with a related weakness in the engagement quality review.
The Algeria Market Authority published notice of a Banque de Développement Local SPA shareholder meeting scheduled for Sept. 7, 2026, at the bank’s headquarters in Staouéli, Algiers.