Global Regulatory News and Updates

Welcome to Carver's regulatory updates podcast for the week of February 23, 2026.

We begin with key institutional and regulatory developments from around the globe. The Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026, have been issued, revising the External Commercial Borrowing framework under the Foreign Exchange Management Act of 1999. This update includes changes to the Master Direction reporting forms, specifically Part V - Annex I, aimed at enhancing reporting accuracy and compliance for cross-border borrowings.

In the United States, the Federal Communications Commission, or FCC, has adopted new rules making the full 10 megahertz of the 900 megahertz band available for broadband deployment. This move is expected to enable more intensive broadband use by utilities and critical infrastructure providers, supporting improved connectivity and operational resilience.

Turning to Europe, a draft law has been introduced to amend price indication regulations. This legislation harmonizes sanctioning rules and raises penalties for violations of both national and European Union regulations on price disclosures. The aim is to strengthen consumer protection and ensure fair market practices across member states.

Meanwhile, in France, electronic invoicing regulations have been tightened. Increased fines now apply for failure to issue electronic invoices, omission to use approved platforms, and non-transmission of transaction or payment data. The new rules also introduce graduated penalties and repeated fines every three months for ongoing non-compliance, signaling a firm stance on digital tax compliance.

On the financial network front, Nacha has introduced new Automated Clearing House, or ACH, operating rule changes for 2026. These focus on fraud prevention and risk operations for financial institutions, addressing evolving threats and enhancing the security of electronic payments.

In Switzerland, the Federal Council has decided to advance legislative drafts aimed at improving the resilience and data security of critical infrastructures under federal jurisdiction. This initiative reflects growing concerns about safeguarding essential services against cyber threats and other risks.

The International Monetary Fund’s Executive Board has concluded the 2026 Article IV consultation with Australia, providing an authoritative economic assessment and policy guidance. This update offers valuable insights into Australia’s macroeconomic outlook and policy priorities.

In regulatory enforcement news, the Alberta Securities Commission has issued a public investor alert regarding suspected fraudulent investment schemes named BG Wealth Sharing and DSJ Exchange. These entities are unregistered and have been using misleading claims and cryptocurrency-related pitches to solicit investments.

The Federal Communications Commission has proposed a fine of nearly $200,000 against Zhejiang Dahua Technology Company Limited for failing to timely submit required disclosures by the March 8, 2023 deadline, as mandated by FCC rules. This action underscores the FCC’s commitment to regulatory compliance and transparency.

In the United Kingdom, the Information Commissioner’s Office won a Court of Appeal ruling in the DSG Retail case. The court confirmed that organizations must implement appropriate security measures to protect personal data from unauthorized access, regardless of whether individuals can be identified from the data. This ruling reinforces data protection obligations under UK law.

Shifting to banking sector updates, Indonesia’s Deposit Insurance Corporation, or LPS, has revoked the license of PT BPR Kamadana effective February 18, 2026. This action triggered the start of deposit insurance claim payments and bank liquidation processes, ensuring protection for depositors and orderly resolution of the institution.

In North Carolina, the Insurance Commissioner and Attorney General have issued a joint message to pharmacy benefit managers, or PBMs. The SCRIPT Act expands the legal and regulatory framework and enforcement powers of the state’s Department of Insurance and Department of Justice over PBMs, enhancing transparency and accountability in drug pricing and reimbursement.

The Federal Communications Commission also approved three applications for assignment of broadcast television licenses to Sinclair subsidiaries, despite a petition to deny filed by DIRECTV. This decision follows a thorough review process and reflects ongoing consolidation trends in the broadcasting sector.

In technology and innovation, South Korea announced a support project for rapid commercialization of AI-based next-generation security products, particularly targeting prevention of voice phishing damage. This initiative aims to bolster cybersecurity capabilities and protect consumers from evolving fraud schemes.

Finally, in personnel news, Kevin A Vander Grift has been appointed to a new role, reflecting ongoing leadership changes within regulatory bodies.

That concludes this week’s regulatory updates. Thank you for listening to Carver's updates. For more details, visit us at carveragents.ai.