The European Parliament just approved simplification measures and a ban on "nudifier" apps under the AI Act. Here's what it means for digital service providers and AI developers.
1️⃣ European Parliament — AI Act: EP approves simplification measures and “nudifier” app ban
The European Parliament has formally approved simplification measures for the AI Act's implementation alongside a strict ban on apps that generate non-consensual deepfake imagery.
Affected organizations must immediately assess their current generative AI product lines to ensure they align with these newly ratified requirements.
2️⃣ Comisión Nacional de los Mercados y la Competencia (CNMC) — CNMC investigates possible anti-competitive practices by several banking entities
The Spanish competition regulator has launched a formal investigation into several major banking institutions regarding potential violations of antitrust laws through restrictive market practices.
This hits the domestic Spanish banking sector and multinational financial institutions involved in the specific agreements currently under scrutiny by the national authority.
The investigation begins a rigorous phase where the named entities must justify their market conduct or face substantial regulatory penalties.
3️⃣ Bundesanstalt für Finanzdienstleistungsaufsicht (Bafin) — Turbo-Zertifikate: Mehr Transparenz
The German financial supervisor has introduced new transparency requirements for the marketing and sale of turbo certificates and related leveraged products to retail customers.
This hits investment banks, brokerage firms, and financial intermediaries that distribute high-risk certificates within the German jurisdiction to non-professional investors.
Entities must revise product documents to ensure that the risks associated with these complex instruments are presented with the clarity demanded by the regulator.
⚖️ 4️⃣ FINMA — Updated Sanctions Notice: Russia
The Swiss financial regulator has published an update to its sanctions notice regarding the ongoing conflict in Russia, reflecting the latest international policy shifts and entity listings.
This hits all Swiss-regulated banks, wealth managers, and insurance providers who must maintain oversight of their client bases and transaction flows involving restricted jurisdictions.
Asset managers and compliance officers are required to conduct a review of their portfolios to identify any exposure to the newly listed entities or restricted financial activities.
Full analysis in the attached RegNext Daily Europe Radar carousel.
— Elena Navarro · Managing Editor, RegNext
Daily Europe Radar · Tuesday 16 Jun 2026
#EURegulation #UKRegulation #FinancialRegulation #ComplianceIntelligence
