Global Trustee and Fiduciary Services Bite-Sized Issue 10 2026

14 AIFMD CRYPTOASSETS FINTECH FUND LIQUIDITY OPERATIONAL RESILIENCE SUSTAINABLE FINANCE/ ESG T+1 ASIA PACIFIC EUROPE NORTH AMERICA UNITED KINGDOM Global Trustee and Fiduciary Services Bite-Sized | Issue 10 | 2026 Quick Links ASIA PACIFIC ASIC Releases 2026–27 Supervisory Priorities On 30 September 2026, the Australian Securities and Investments Commission (ASIC) published its supervisory priorities for 2026-27 for the banking, superannuation, general insurance, life insurance and financial markets sectors to provide greater transparency of priorities and give industry early visibility on planned activities, helping themprepare and allocate resources appropriately. ASIC supervisory priorities for 2026–27 • Banking sector : ASIC will review the use of AI in customer-facing activities and will review lender conduct practices, such as incentives, referrer arrangements, and broker oversight. There will be an ongoing focus on banks getting the basics right and improving outcomes for those in financial difficulty. See ASIC Supervisory letter – Banking. • Superannuation sector : ASIC will continue its multi-year review of superannuation member services and begin new reviews on trustee oversight of advice fee deductions and retirement. See ASIC Supervisory letter – Superannuation. • General insurance sector : ASIC will review the practices of for-profit claims management firms (including those commonly referred to as ‘disaster chasers’) and the potential implications of some firms’ practices for consumers. See ASIC Supervisory letter – General insurance. • Life insurance sector : ASICwill review life insurance practices related to funeral insurance and continue its review into service issues in life insurance. See ASIC Supervisory letter – Life insurance. • Markets sector : ASIC will promote market integrity and responsible innovation through surveillance and public-private initiatives, assisted by industry engagement and intelligence. ASIC says it will also reduce friction, support capital mobility, facilitate growth and competitiveness in Australia’s capital markets, and strengthen resilient market infrastructure. ASIC will continue to focus on confidence and fair outcomes across both public and private markets. See ASIC Supervisory letter – Markets. ASIC says the supervisory letters complement the Regulatory Initiatives Grid (RIG), which sets out the financial services regulatory landscape across Government and regulators, giving industry visibility of major regulatory and policy reforms that affect the financial services sector. Link to Press Release here SFC Unveils Strategic Action Plan On 23 September 2026, the SFC unveiled a strategic action plan designed to support the implementation of Hong Kong’s First Five-Year Plan and the 2026 Policy Address through a series of short-, medium- and long-termmeasures to promote the high-quality development of Hong Kong’s capital markets and further consolidate Hong Kong’s competitive advantages as an international financial centre. The SFC says the plan also seeks to align with the directions of China’s 15th Five-Year Plan, thereby enhancing Hong Kong’s unique role in China’s financial opening-up and high-standard opening- up to the rest of the world. The SFC says that, at its recent meeting, the Board of Directors of the SFC held an in-depth discussion on the key directions of Hong Kong’s First Five-Year Plan and the Chief Executive’s 2026 Policy Address. The Board also discussed how to formulate a concrete strategic action plan to effectively implement the relevant policy objectives in Hong Kong’s capital markets. The measures in the plan dovetail with the policy objectives in the Five-Year Plan and the Policy Address, covering important areas including market development, the internationalisation of the renminbi (RMB), mutual market access, wealthmanagement, risk management, market quality and financial security. The SFC says it considers that Hong Kong’s First Five-year plan and the Policy Address provide a clear direction for the future development of Hong Kong’s financial markets. As a market regulator and a facilitator of market development, the SFC says it will actively support the Hong Kong Special Administrative Region (HKSAR) Government in promoting high-quality financial development and work with the industry to translate policy directions intomarket outcomes, thereby enhancing the depth, breadth and international competitiveness of Hong Kong’s financial markets. Link to the SFC’s Strategic Action Plan here