Global Trustee and Fiduciary Services Bite-Sized Issue 7 2026

11 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 SFC Concludes Consultation on the Investor Identification Regime for Hong Kong’s Exchange- traded Derivatives Market On 23 June 2026, the SFC published its consultation conclusions concerning its proposals to extend the investor identification regime to the exchange-traded derivatives market in Hong Kong (HKIDR‑DM), following the successful implementation of a similar regime for the securities market (HKIDR-S) since March 2023. The SFC says that respondents to its consultation generally supported the proposals, recognising their alignment with international practices, enhancement of the SFC’s surveillance ability, and reinforcement of investor protection. The SFC says that it intends to proceed with the regime, and targets to implement it in the second quarter of 2028, subject to completion of system testing and market rehearsals. The SFC states that the HKIDR-DMwill apply to on-exchange orders for futures contracts, options contracts and stock options executed through the trading system of the Hong Kong Futures Exchange Limited. The SFC adds that the regime will adopt an operational model like that of the HKIDR-S, requiring licensed corporations and registered institutions offering brokerage services or conducting proprietary trading to submit clients’ names and identity information to a centralised data repository. Finally, the SFC explains that a dedicated HKIDR-DMwebpage has been established to assist industry preparations and promote investor education. In the coming months, the SFC will issue further guidance and Frequently Asked Questions to facilitate market participants’ adoption of the regime and enhance their understanding. Link to Consultation Conclusions here MAS Consults on Proposed Amendments to Notices on Technology Risk Management On 10 June 2026, the Monetary Authority of Singapore (MAS) published a Consultation Paper on ‘Proposed Amendments to Notices on Technology Risk Management’. MAS says that the Consultation Paper proposes to amend MAS Notices on Technology Risk Management (FSM-N03, FSM-N05, FSM-N07, FSM-N09, FSM-N11, FSM-N13, FSM-N17, FSM-N19, FSM-N21, FSM-N23 and FSM-N25) (the “Notice”) to strengthen the technology resilience of the financial services sector. MAS says that the proposed amendments to the Notice will require the relevant Financial Institutions (FIs) to implement measures across the following key areas: • IT asset management; • IT risk assessment and monitoring; • Capacity planning and management; • Change management controls; • Continuous system and security monitoring; • Immutable and offline data backup; and • Incident management. The deadline for comments to be submitted is 31 July 2026 . MAS proposes that the requirements set out in the revised Notice shall take effect 12 months after the date that the finalised Notice is published. Link to MASWebsite here