113 briefs
EU-registered credit rating agencies must report complete, accurate rating data to ESMA and hold reporting policies, error-correction processes and internal controls to match — ESMA fined Moody's Germany €2,145,000 for failing all four
German issuers on organised markets must disclose inside information without undue delay and publish half-yearly reports within three months — BaFin fined VARTA AG €620,000 for failing both
Kernel Holding minority shareholders must present all their shares by 29 December 2026 to take the CSSF-set sell-out price of PLN 19.93
Platforms and service providers must not facilitate off-exchange leveraged retail commodity trades for non-ECP U.S. customers.
IRB-model banks must apply approved internal models for expected loss and deduct the resulting shortfall from capital, or face supervisory penalties.
Issue managers on SGX-Nasdaq Global Listing Board listings may now use alternative due-diligence steps in place of the prescribed paragraph 23 procedures.
Bank and RE derivatives desks must meet the Master Direction's conditions before offering or trading credit-index derivatives or corporate-bond total-return swaps
Municipal debt issuers and their compliance teams must apply the new refinancing-disclosure, pooled-finance, retail-incentive and Rs 1 lakh/Rs 10 thousand face-value rules, with half-yearly and annual reporting timelines extended
Originators, servicers and debenture trustees in listed securitisation must apply the RBI-aligned rules: single-asset securitisation for RBI-regulated entities, servicer-borne periodic disclosures, and a one-seat originator cap on SPDE trustee boards
AIF managers launching regular schemes get a 10-working-day timeline, while AI-only schemes and Angel Funds may launch on registration or PPM filing without routing the PPM through a merchant banker
AMC treasury and operations teams using intraday borrowing must cap it at receivables sighted, repay by end of day, bar its use as leverage, and operate under a board-approved policy
Registrar and transfer agents and depository-participant transmission teams must apply the new Quick Transmission Processing tier, doubled simplified-documentation limits, and removed PAN/probate requirements when processing deceased-investor claims
