Hedgwatch Regulatory Intelligence
A curated calendar of important consultation deadlines, implementation dates and regulatory milestones affecting professional financial institutions.
Material near-term developments selected for their relevance to institutional financial firms, with editorial priority given to Singapore and Asia-Pacific.
Revised Hong Kong retail-fund codes take effect, including a Value-at-Risk approach for derivatives exposure, updated liquidity-risk safeguards, money-market-fund requirements and streamlined provisions concerning management companies and feeder funds.
Deadline for responses on proposed guidance, transitional provisions and consequential Handbook changes intended to support implementation of the FCA’s future transaction-reporting framework.
Hong Kong’s uncertificated securities market launches, allowing prescribed listed securities to be held electronically in investors’ own names and introducing the supporting legal, registrar and market-infrastructure framework.
Consultation closes on guidance explaining exclusions from the future UK cryptoasset regulatory perimeter, including specified settlement, stablecoin, proprietary-trading, backing-asset and technical-service arrangements.
MAS consultation closes on requiring Major Payment Institution and Standard Payment Institution licensees, and regulated stablecoin issuers after commencement of the stablecoin framework, to subscribe to Singapore’s financial dispute-resolution scheme.
Consultation closes on proposed corporate-governance amendments addressing director independence, board and committee composition, succession planning, technology and information-risk oversight, and approval requirements for key appointments.
Mainboard and Catalist rule amendments take effect to enhance listed issuers’ disclosures concerning value creation and investor engagement, including a requirement to maintain a website for shareholder engagement.
The first implementation phase begins for MAS-regulated financial institutions. Sections 3 and 4 establish expectations concerning governance, accountability and AI-risk-management frameworks; later life-cycle and capability provisions are scheduled for October 2028.
Verified milestones occurring from 1 November through 30 November 2026.
Search and filter the verified milestones below. Entries are ordered chronologically and linked to primary official sources.
Four revised product codes become effective, introducing a VaR approach for retail-fund derivatives exposure and updated provisions concerning liquidity risk, money market funds, feeder funds and management-company acceptability.
Official SFC sourceClarifying amendments commence across the Collective Investment Scheme, General, Governance and Controlled Functions, and Investment Management and Advisory rulebooks. QFCRA states that these amendments do not impose new obligations.
Official QFCRA sourceDeadline for comments on implementation guidance, transitional measures and consequential amendments supporting the FCA’s future transaction-reporting rules.
Official FCA sourceThe USM regime launches for prescribed Hong Kong-listed securities, supported by enacted legislation and revised market, registrar and operational arrangements.
Official SFC sourceConsultation closes on guidance explaining specified exclusions from regulated cryptoasset activities under recent legislative changes.
Official FCA sourceComments are due on the proposal to require MPI and SPI licensees, and regulated stablecoin issuers following commencement of the stablecoin framework, to subscribe to FIDReC.
Official MAS sourcePublic comments are due on proposed amendments concerning performance-based compensation, the qualified-client definition and related registration and reporting disclosures for registered funds and business development companies.
Official SEC sourceConsultation closes on targeted governance amendments for banks, insurers and designated financial holding companies, including board composition, director independence, succession and technology-risk oversight.
Official MAS sourceThe extended compliance date arrives for smaller fund groups subject to the amended Names Rule, including expanded 80% investment-policy and recordkeeping provisions.
Official SEC sourceMainboard and Catalist rule amendments take effect to enhance issuer disclosures and shareholder-engagement arrangements.
Official SGX sourcePhase 2 applies the supervisory product-naming requirements to existing in-scope insurance products that remain available for sale on or after this date.
Official HKMA sourceRevised prudential standards and guidance implementing APRA’s capital-instrument reforms take effect. APRA expects relevant banks to use the updated reporting requirements for the March 2027 quarter.
Official APRA sourceThe PRA’s final Basel 3.1 policy, rules, supervisory statements and reporting requirements take effect, except for the internal-model approach for market risk, which is scheduled for 2028.
Official PRA sourceFinal Pillar 2A policy and reporting changes covering credit, operational, pension, market and counterparty-credit risk come into force on the aligned Basel 3.1 implementation date.
Official PRA sourceThe simpler capital regime for Small Domestic Deposit Takers begins, including a single capital buffer and simplifications to Pillar 1 and Pillar 2A treatment.
Official Bank of England sourceNew comply-or-explain sustainability disclosure rules apply to accounting periods beginning on or after this date, replacing the FCA’s TCFD-based listed-company regime. First reporting is expected in 2028.
Official FCA sourceThe postponed application date arrives for the EU’s revised market-risk own-funds requirements. The European Commission adopted targeted modifications in 2026 following international implementation delays.
Official EUR-Lex sourceFinal Conduct of Business Module amendments arising from Consultation Paper 174 come into force for credit-rating-agency requirements.
Official DFSA sourceIFRS 18 becomes effective for annual reporting periods beginning on or after this date. It replaces IAS 1 and introduces defined profit-and-loss subtotals, management-defined performance-measure disclosures and new aggregation principles.
Official IFRS Foundation sourceEligible subsidiaries may apply IFRS Accounting Standards with the reduced disclosure requirements specified in IFRS 19 for annual periods beginning on or after this date.
Official IFRS Foundation sourceFuture Basel Framework revisions scheduled for this date include updates in disclosure, operational-risk, scope and definitions, risk-based capital and related framework chapters. Domestic applicability depends on jurisdictional implementation.
Official BIS sourceJoint consultation closes on proposals to streamline and improve the SM&CR following planned legislative changes, while retaining individual-accountability and conduct standards.
Official FCA sourceConsultation closes on a proposed framework to update specified nominal regulatory thresholds automatically every five years using UK nominal GDP.
Official PRA sourceThe specified application period closes for firms seeking relevant cryptoasset permissions and access to applicable savings or transitional provisions before the new regime begins.
Official FCA sourceThe authorities’ consultation conclusions propose this effective date for amendments establishing recurring standard calculation periods and corresponding prescribed days under Hong Kong’s mandatory clearing framework, subject to completion of the legislative process.
Official joint conclusionsFor specified existing reporting entities, the first independent evaluation must occur by the later of four years after the most recent pre-reform independent review or this date.
Official AUSTRAC sourceThe draft 2027 EDINET taxonomy specifies application to annual securities reports and relevant registration statements using financial statements for fiscal years or specified periods ending on or after this date.
Official Japan FSA sourceThe draft taxonomy applies to half-year reports for fiscal years or specified periods beginning on or after this date, and to shelf-registration statements filed on or after this date.
Official Japan FSA sourceRevised market-risk requirements commence, including scaling factors for capital calculations, prudent-valuation updates and changes intended to improve alignment with Basel Committee standards.
Official QFCRA sourceCompanies become required to provide director identification numbers to ASIC through specified company-reporting processes, including annual reviews and notifications of changes to director details.
Official ASIC sourceThe extended compliance date arrives for the 2024 Form PF amendments, subject to any further Commission action concerning the subsequently proposed Form PF changes.
Official SEC final ruleThe proposed amended schedule identifies this prescribed day for the calculation period running from 1 September to 30 November 2026, subject to completion of the legislative process.
Official joint conclusionsRegulation (EU) 2024/1624 begins applying, establishing directly applicable and harmonised AML and counter-terrorist-financing requirements across the European Union for covered obliged entities.
Official EUR-Lex sourceUnder the conditions of CFTC staff no-action relief, market participants are expected to comply with the amended Part 17 large-trader reporting framework by this date.
Official CFTC sourceThe annual compliance-reporting period closes for reports covering relevant AML/CTF activities during the 2026–2027 Australian financial year.
Official AUSTRAC sourceFinancial institutions are expected to meet Sections 3 and 4 of the final AI Risk Management Guidelines from this date, covering oversight, accountability and the core AI-risk-management framework.
Official MAS sourceJPX’s published implementation schedule identifies this application date for guidelines concerning focused monitoring of order cancellations and related activity during the closing auction.
Official JPX sourceThe new FSMA cryptoasset regime commences, bringing specified cryptoasset activities within the FCA regulatory perimeter and applying final rules to firms granted the relevant permissions.
Official FCA sourceThis calendar is a curated informational resource and is not exhaustive. It does not constitute legal, regulatory or compliance advice. Applicability varies according to the entity, activity, facts and jurisdiction involved. Dates, transition arrangements and requirements may be amended, postponed or replaced. Users must consult official sources and appropriately qualified advisers. Official regulator, government, exchange and standards-body publications remain authoritative.
Hedgwatch does not determine whether any requirement applies to a particular person or organization and does not guarantee the completeness or continuing accuracy of this calendar. Readers must independently identify and monitor the regulatory obligations applicable to their activities.
External links lead to independent official sources. Nothing on this page constitutes investment, legal, tax, regulatory or compliance advice.
Research cut-off: 31 October 2026. Only milestones with a specific current or future date identified in an official primary source were included. Proposed dates are expressly marked and should not be treated as final commencement dates.