Brazil, Turkey, Taiwan, Peru, Saudi Arabia and Iraq regulators issue rules and enforcement

BCB Normative Instruction No. 782 updates Annex II (Mandatory Resource Codes - MCR 6-2) of Document 6 of the Rural Credit Manual (MCR), amending Group 3-C-I-B codes relating to direct applications with agricultural production cooperatives contracted between 7/1/2026 and 6/30/2027. The act also establishes a deadline for financial institutions subject to Mandatory Resource Requirements to submit the Document 6 statements regarding the September 2026 position through Sisex.

BCB Normative Instruction No. 784 amends the completion instructions for document code 2062 – Statement of Individual Operational Limits (DLI), established by BCB Normative Instruction No. 85 of 2021. The changes, applicable starting from the October 2026 base date, reflect the prudential treatments of BCB Resolution No. 478 of 2025, as amended by BCB Resolution No. 593 of 2026, relating to the calculation of the Leverage Ratio and Common Equity Tier 1 deductions.

BCB Normative Instruction No. 783 amends the filling instructions for document code 2061 – Statement of Operational Limits (DLO), governed by BCB Normative Instruction No. 81 of 2021. The change, applicable starting from the October 2026 reference date, is restricted to modifying the description of account 147.90.10.10.90.01 in the breakdown of the leverage ratio calculation, to reflect the prudential treatments introduced by BCB Resolution No. 593 of 2026. This is a complementary and executive act, with no regulatory alternatives, exempt from Regulatory Impact Analysis.

The Central Bank of Iraq's Bank Supervision Department issues updated AML/CFT suspicion scenarios (79 scenarios) for all licensed banks, based on FATF recommendations, the Anti-Money Laundering and Counter-Terrorism Financing Law No. 39 of 2015, and the 2025 suspicious transaction reporting guidance of the Anti-Money Laundering and Counter-Terrorism Financing Office. Banks must apply the scenarios to their AML systems and fully activate them by 31 December 2026.

The SMV's General Intendency of Conduct Supervision reminds bondholder representatives of their obligation to prepare and submit to the SMV a report on compliance with the conditions of the issuance or sale of securities, as required by article 24(g) of the Regulation for the Primary Public Offering and Sale of Market Securities. The circular sets 9 November 2026 as the deadline and requires representatives to carry out and document due diligence, noting that the circular is preventive and referential and does not relieve the represented entity of its obligations.

The Capital Market Authority of Saudi Arabia has opened a 30-day public consultation, ending 20 November 2026, on draft regulatory provisions that would require listed companies to include a dedicated section in the annual Board report titled 'Discussion and Analysis of Financial and Operational Performance and Financial Position.' The draft aims to strengthen corporate governance, transparency and disclosure among listed companies and improve the quality of financial information available to shareholders and investors. Compliance would be mandatory for Main Market listed companies from the first Board report issued after approval of the provisions, and initially indicative for Parallel Market companies before becoming mandatory.

The Financial Supervisory Commission (FSC) adjusts the manner, standards, format and content by which specialized electronic payment institutions report internal audit information to the FSC, requiring reporting through the Examination Bureau's single reporting window website using prescribed forms. It sets thresholds for when audit results must be reported, allows exemption where results are already submitted by letter, and requires auditors to appear before the Examination Bureau in cases of poor audit performance or inaccurate reporting. The letter supersedes the FSC's 3 November 2023 letter and applies to specialized electronic payment institutions.

The Financial Supervisory Commission issued an order amending Articles 7, 14 and 18 of the Regulations Governing Anti-Money Laundering and Countering the Financing of Terrorism for Virtual Asset Service Providers and Persons. The amendment revises AML/CFT obligations applicable to virtual asset service businesses and individuals, with the amended text and comparison table published as attachments.

The Financial Supervisory Commission (FSC) adjusts the manner, standards, format and content by which financial holding companies and banks report internal audit information to the FSC, requiring reporting through the Examination Bureau's single reporting window website in prescribed formats. It sets thresholds for when audit findings must be reported, allows exemption where results are already submitted by letter, and requires chief auditors to report in person to the Bureau in cases of poor audit performance or inaccurate reporting. The letter also rescinds several prior FSC letters on the same subject.

The Financial Supervisory Commission (FSC) adjusts the manner, standards, format and content by which insurance enterprises report internal audit information to the FSC, requiring reporting through the Examination Bureau's single reporting window website in prescribed formats. It sets thresholds for when audit findings must be reported, allows exemption where results are already submitted by letter, and requires chief auditors to report in person to the Bureau in cases of poor audit performance or inaccurate reporting. The letter also rescinds several prior FSC letters on the same subject.

The Financial Supervisory Commission (FSC) adjusts the manner, standards, format and content by which institutions exclusively engaged in credit card business report internal audit information to the FSC. Such institutions must report specified internal audit information through the Examination Bureau's single reporting window website using prescribed forms, with reporting required only where audits meet defined thresholds. The letter also sets out consequences for poor audit performance or inaccurate reporting and rescinds a 2023 FSC letter on the same subject.

The Capital Markets Board announces its decision regarding Tera Yatırım Holding AŞ's failure to fulfil its mandatory tender offer obligation arising from its acquisition of management control over Peker Gayrimenkul Yatırım Ortaklığı AŞ. The Board confirms that voting rights of the acquirer and related Tera entities were automatically frozen as of 16.09.2026, orders the unfreezing of voting rights held by certain funds being liquidated, and directs that the frozen shares be barred from trading on Borsa İstanbul until the tender offer obligation is met. Shareholders are informed they may pursue legal action for damages against Tera Yatırım Holding AŞ.

The Capital Markets Board of Turkey's bulletin 2026/72 announces the approval of a debt instrument issuance ceiling for Fiba Yatırım Menkul Değerler AŞ, an administrative fine of TL 354,803.96 imposed on HSBC Yatırım Menkul Değerler AŞ for failing to conduct adequate research and exercise due professional care in determining the statute of limitations on cash and securities, the removal of Metas Gayrimenkul Değerleme ve Danışmanlık AŞ from the list of authorized real estate valuation institutions, and the temporary suspension of capital market activities of Alnus, Bulls and Pusula Yatırım Menkul Değerler AŞ as of 21.10.2026 at 00:01. It also publishes a Board principle decision (i-SPK.83.1) setting out the procedures for applications, which cannot be made electronically via e-Devlet, for the return of time-barred deposits and receivables held by the Investor Compensation Center.

The Capital Markets Board of Turkey's bulletin announces criminal complaints (suç duyurusu) against numerous individuals for transactions in Altınkılıç Gıda ve Süt Sanayi Ticaret AŞ (ALKLC) and Anel Elektrik Proje Taahhüt ve Ticaret AŞ (ANELE) shares under Article 107/1 of Capital Markets Law No. 6362, along with two-year trading bans and revocation of all licenses for those found responsible. It also sets out the conditions for benefiting from effective remorse (etkin pişmanlık) under Article 107/3.