Global Trustee and Fiduciary Services Bite-Sized Issue 7 2026

10 AI CRYPTOASSETS CYBER DORA IOSCO MONEY MARKET FUNDS SUSTAINABLE FINANCE/ESG ASIA PACIFIC AUSTRALIA EUROPE IRELAND LUXEMBOURG NORTH AMERICA UNITED KINGDOM Global Trustee and Fiduciary Services Bite-Sized | Issue 7 | 2026 Quick Links TNFD and A4S Release Guide for CFOs on Nature-related Issues On 2 June 2026, the Taskforce on Nature-related Financial Disclosures (TNFD), in partnership with Accounting for Sustainability (A4S), announced it had released a new guide - ’Asking Better Questions on Nature for CFOs’ (the Guide). The TNFD says the Guide is to support Chief Financial Officers (CFOs) assess how nature-related dependencies, impacts, risks and opportunities could affect the financial performance and future prospects of the business. In terms of key outcomes, the TNFD says the Guide: • Sets out the key questions CFOs should ask themselves, their finance teams and others across their organisation to ensure nature-related issues are integrated into risk management, capital allocation, valuation, performance management, financial planning and strategic decision-making; • Explains how risks arising from a company’s impacts and dependencies on nature can include stranded assets, disruption to operations, higher production costs, increased insurance premiums and reduced asset values; • Presents 11 questions for CFOs to consider on how nature-related information and insights can be integrated into financial and risk management processes, and ultimately into decision- making by CFOs and their leadership teams; and • Outlines the information CFOs should look for inmaterials and recommendations prepared by their teams, helping themprepare for increasing scrutiny fromboards, investors and other stakeholders. The TFND explains that this Guide is the latest in its Asking Better Questions on Nature series, which also includes guides for board directors and asset owner chief investment officers. The TFND adds that it features practical examples and signposts to further resources, including the A4S Nature Guidance Series and TNFD guidance to support organisations with identifying, assessing, managing and disclosing their nature-related issues. Link to TNFD Press Release here Link to Guide here ASIA PACIFIC SFC Publishes Annual Report for 2025-26 On 24 June 2026, the Securities and Futures Commission (SFC) published its latest Annual Report for 2025-26. The SFC says that, with a world-class regulatory regime, Hong Kong’s asset management sector flourished with exchange-traded funds (ETFs) and locally domiciled funds posting strong growth, while the digital asset ecosystem expanded through innovative products and services. Equity market reforms and deeper Mainland connectivity also boosted Hong Kong’s market depth and breadth. On the asset and wealth management front, the SFC also says that Hong Kong has strengthened its role as a global hub over the past year. SFC-authorised ETFs and leveraged and inverse (L&I) products represent a fast-growing segment, as average daily turnover surged 50.6% year-on-year (YoY) to HKD38.1 billion and total market capitalisation grew 25.2% to HKD651.2 billion over the year ending March 2026. In particular, the SFC says that single-stock L&I products’ market capitalisation soared 60 times in the year. Additionally, Hong Kong-domiciled funds’ assets under management (AUM) jumped 19.4% to HKD2.3 trillion, driven by strong net inflows. The SFC states that the digital asset ecosystem also saw vibrant developments. Tokenised investment products showed faster growth, with 13 SFC-authorised retail products’ AUM gaining nearly six times YoY to HKD10.8 billion as of March. Lastly, the SFC says that Stock Connect remained a strong driver of market trading, as southbound daily turnover jumped 84% YoY to HKD124.1 billion and accounted for a record-high 24% of Hong Kong’s market turnover. Link to Annual Report 2025-26 here