Welcome to Carver’s latest regulatory news update.

We begin with the European Union’s new regime governing offers of securities, including transferable and non-transferable debt instruments like mini-bonds and loan notes. The updated framework enhances regulatory oversight to protect consumers from unauthorized offers.

Next, the Federal Office of Justice has imposed a disciplinary fine on BayWa Aktiengesellschaft for late electronic submission of its 2024 consolidated accounts, highlighting strict enforcement of Germany’s Commercial Code reporting requirements.

The 2025 accounts closing introduces IFRS 18 with new presentation and disclosure mandates, alongside amendments to IFRS 9 and IFRS 7 and mandatory application of ANC regulations—strengthening financial statement transparency.

Across the Channel, the UK’s Financial Conduct Authority (FCA) is consulting on proposed rules for cryptoasset firms, covering Consumer Duty, conduct standards, redress, safeguarding, training, senior management accountability, regulatory reporting, and credit use policies.

The FCA has also issued warnings against several unauthorized operators including Onyx Capital Pro, Wealthexa, Mega Income Options Trading, JustMarketExpert, and PhyxTrade, urging consumers to avoid these high-risk entities.

In enforcement news, the U.S. Securities and Exchange Commission continues its vigilance with recent litigation releases.

Stay informed and compliant with these critical updates shaping the European and UK financial regulatory landscape.

For more information, visit the Carver Agents website.

Articles mentioned:

1. Publication of financial reports: Federal Office of Justice imposes disciplinary fine on BayWa Aktiengesellschaft
2. Navigating credit dynamics: does it matter for firm-level investment? Evidence from AnaCredit
3. New regime for securities and what consumers should look out for
4. Closing of the 2025 accounts and examination of the financial statements - DOC-2025-08
5. FCA seeks feedback on further rules for cryptoasset firms
6. Litigation Release: Joel B. Sofia
7. Allgemeines Meldeportal Statistik
8. General statistics reporting portal
9. Teilnahmebedingungen | Gewinnspiel „Zentralbank.IT.Challenge“
10. Nominations - Emmanuelle Assouan est nommée secrétaire générale de l’ACPR et Xavier Debrun est nommé chef-économiste de la Banque de France
11. Häufig gestellte Fragen und Merkblätter
12. „Wir erleben jede Minute mehr als 5.000 Cyberangriffe“ | Interview mit dem Tagesspiegel
13. Seminar - The Impact of Borrower-Based Macroprudential Tools: A Mesoeconometric Approach
14. “We see more than 5,000 cyberattacks every minute” | Interview with Tagesspiegel
15. Lanceur d'alerte : notification de potentielles infractions à la réglementation
16. Onyx Capital Pro / onyxcapitalpro.com (clone of FCA firms)
17. Wealthexa (new)
18. Mega Income Options Trading / megaincomeoptionstrading.com (new)
19. JustMarketExpert (new)
20. PhyxTrade (new)