2026-09-17

SEC proposes rescinding shareholder proposal Rule 14a-8 and reforming the proxy solicitation process

In August the SEC removed the no-action pre-clearance mechanism companies used to exclude shareholder proposals.

Brazil's CVM fines the Banco Master / Daniel Vorcaro group over 200 million Brazilian reais (R$200m, roughly $37m) in the Brazil Realty FII fraud case

CVM's board was unanimous, and it found fraud, duty violations, and obstruction all at once. The bank it fined is already in extrajudicial liquidation.

Turkey strips Golden Global Bank shareholders of control three days before OFAC's wind-down licence expires

A NATO-member prudential regulator enforcing a US designation through a domestic instrument, faster than the US instrument's own clock.

Argentine federal court orders British and Israeli companies to halt oil development off the Falkland Islands

A host-state court reaching a foreign-law-governed offshore project on sovereignty grounds.

Spain's data-protection authority details the first breach it attributes to an autonomous AI agent, naming API credentials as the pressure point

The attacker used a publicly available general-purpose agent, not a bespoke offensive tool: it found vulnerabilities, gained login access, hunted further weaknesses, then altered personal data and accessed invoices unsupervised.

Brazilian courts document AI hallucination and prompt-injection incidents: a judge tosses a filing citing fake case law, the STJ probes attacks on its own AI systems

A Rio de Janeiro judge dismissed a petition citing non-existent case law and reported the lawyer to the bar; Brazil's Superior Court of Justice opened an investigation into prompt-injection attempts against its own AI systems.

Vessel cyberattacks scale to roughly 20 hulls worldwide; US Coast Guard now wants advance notice of targeted ships entering US ports

On the VL Prosperity, attackers increased engine speed and disabled fuel and engine-oil tank systems; communications went down for 30 hours.

Resource nationalism on three continents in one cycle: Brazil's 5 billion Brazilian-real (R$5bn, roughly $930m) critical-minerals credit, Kenya's planned raw-export ban, EU objection to a China-linked nickel acquisition

The instrument is converging on one design across unrelated jurisdictions: keep the ore at home, then tax or subsidize everything downstream of it.

Mexico's Treasury picks I Squared Capital over BlackRock to run a new energy-infrastructure financing vehicle

32GW of new capacity by 2040 needs roughly $37.5bn, and Mexico's 9-trillion-peso ($517bn) pension-fund pool is one of the few domestic sources large enough to help close that gap.

Saudi Arabia reported facing acute shortage of air-defence interceptor missiles, days after CBO put US interceptor depletion at two-thirds

Interceptor stocks this thin change the math behind this cycle's energy, freight, and war-risk prices, all of which assume Gulf export infrastructure stays defended.

Sanctions stopped being a list: tariff authority over Russian-energy buyers, a NATO banking regulator seizing control ahead of a US deadline, and a designated airline grounded by foreign aviation directives

Three instruments in one cycle, none of which a screening file can see.

Hormuz transit counts: CENTCOM says traffic flows, Iranian state media says three ships passed in a day

Two parties to the same dispute published irreconcilable transit counts on the same day. CENTCOM says traffic 'continues to flow,' with 103 vessels redirected. Mehr News cites ship-tracking data showing just 3 transits, against a 10-day average near 17.

Iran's economy minister calls for a new comprehensive war-insurance framework covering property, aircraft and vessels

Tehran is institutionalising war risk domestically. It has directed the Central Insurance Organization to set guidelines for insurers and run public-awareness campaigns on changed war coverage terms for homes, businesses, aircraft, and ships.

EU 'Kids Act' proposal: no social media under 13, supervised accounts to 15, AI chatbot limits, fines to 6% of global revenue

Age verification at account creation via an official EU app or equivalent, with a Digital Services Act-level penalty cap.

Germany prepares civilian hospitals for ~1,000 wounded a day and flags just-in-time Chinese dependency for antibiotic components

A NATO state is publicly stress-testing a civilian supply chain most boards assume is redundant.

PetroSA faces liquidation risk after a settlement on a 227 million South African rand (R227m, roughly $12m) debt owed to it may cost it 1.4 billion rand (R1.4bn, roughly $76m) instead

New EU Steel Regulation takes effect 1 October: duty-free quota cut 47%, out-of-quota duty doubled to 50%, melt-and-pour traceability begins

US import ban on three Canadian categories (alcohol, dairy, motorcycles) confirmed for 29 September, with a clearance window closing 28 September

Panama Canal Authority confirms the October Neopanamax draft reduction is postponed indefinitely