Global Regulatory News and Updates

Welcome to Carver's regulatory updates podcast for the week of June 07, 2026.

In Luxembourg, temporary no-fly zones for drones were established on June 6 and 7, 2026. These zones specify altitude and lateral limits to ensure public safety and security. Drone flights are prohibited in these designated areas during the specified times, with exemptions granted for military, police, customs, traffic surveillance, search and rescue, medical flights, evacuations, and firefighting activities.

Turning to Ireland and the European Union, the Central Bank of Ireland is actively advancing its approach to tokenised finance. This includes developing infrastructure to enable settlement of distributed ledger technology, or D-L-T, based transactions in central bank money. The Central Bank is also evolving central bank money for digital use, accepting D-L-T-issued marketable assets as collateral under defined criteria, and adapting its regulatory and supervisory frameworks. These efforts incorporate authorisation under the Markets in Crypto-Assets Regulation, known as MiCAR, and participation in the Innovation Sandbox.

In Japan, a public consultation has been opened regarding amendments to the Enforcement Order of the Environmental Impact Assessment Act. The threshold for solar power generation projects subject to environmental impact assessment has been lowered. First-class projects now include those with output of 20,000 kilowatts or more, reduced from the previous 40,000 kilowatt threshold. Second-class projects now cover those with output between 15,000 and 20,000 kilowatts, down from the prior range of 30,000 to 40,000 kilowatts. Transitional measures allow ongoing second-class projects to continue under previous rules.

In New South Wales, Australia, the Children’s Guardian has cancelled the accreditation of Narang Bir-rong Aboriginal Corporation effective immediately. Case management responsibilities have been transferred back to the Department of Communities and Justice. Support will continue for foster and kinship carers, with orderly transition planning involving unions and affected staff.

In the United States, South Carolina’s Department of Insurance has issued a data call for insurers licensed to sell life and disability income insurance. These insurers must submit annual reports on Paid Family Leave Insurance coverage for the past three years, covering June 1 to July 31 from 2023 through 2026. The data call requires completion of a spreadsheet template available on the Department’s website. Insurers not offering Paid Family Leave insurance must submit a signed zero-report statement.

In the United Kingdom, several firms have entered administration or liquidation recently. The Financial Conduct Authority, or FCA, has imposed restrictions on Kingscrown Finance Limited. The FCA also announced dates for upcoming public meetings and application deadlines for its Smaller Business Practitioner Panel, with applications closing on June 28, 2026. Additionally, cryptoasset firms can request pre-application meetings starting May 11, 2026. Eligible investors in Argento Wealth must act by August 1, 2026, to participate in the distribution process.

In Minnesota, United States, the Small Business Administration’s Economic Injury Disaster Loan program remains available for eligible small businesses, small agricultural cooperatives, and private nonprofits affected by severe storms and flooding on July 27 and 28, 2025. The loan application deadline is June 30, 2026, with a 60-day grace period following. Loans of up to two million US dollars are available, with interest rates as low as 4 percent for small businesses and 3.625 percent for private nonprofits. These loans cover working capital needs including fixed debts, payroll, and accounts payable.

In California, United States, the Public Utilities Commission has authorized funding amounts for Pacific Gas and Electric Company, Southern California Edison, San Diego Gas & Electric, and Southern California Gas Company for their 2027 low-income assistance programs. These include the Energy Savings Assistance, California Alternate Rates for Energy, and Family Electric Rate Assistance programs. Utilities are required to implement these programs as authorized.

Also in Nebraska, United States, property owners are reminded that the deadline to file valuation protests is on or before June 30, 2026. Protests must be filed using Property Valuation Protest Form 422 or Form 422A for all real property protests. Submissions can be made in person, by mail, or email to the county clerk in the property’s county.

Finally, in California, United States, the Commissioner has issued a Desist and Refrain Order against Student Loan Financial Assistance L-L-C for deceptive practices. These include misrepresenting affiliation with the Department of Education and misleading consumers about loan payments and forgiveness. Student Loan Financial Assistance L-L-C must cease these deceptive acts immediately and refund $2,156 collected from the affected consumer within 60 days of the order. The company is also required to notify the Commissioner of the refund payment.

That wraps up today's regulatory updates. Visit carveragents.ai for more information.