The European Commission just found TikTok in preliminary breach of the Digital Services Act regarding minor safety. Here's what it means for large online platforms and the future of algorithmic accountability.

1️⃣ European Commission — TikTok Preliminary Breach of Digital Services Act
The regulator issued preliminary findings stating that TikTok failed to ensure safe accounts for minors and lacked adequate default privacy protections.
This decision impacts TikTok directly while signaling a broader enforcement trend for very large online platforms regarding their duty of care for young users.
The company is now required to adjust its default account settings to private and implement strict limits on algorithmic content recommendations to avoid final penalties.

2️⃣ Financial Conduct Authority — Rules to Cut Transaction Reporting Costs
The FCA finalized a set of rules intended to streamline reporting requirements and reduce compliance costs by more than one hundred million pounds annually.
Financial institutions and investment firms engaged in heavy transaction reporting volumes will see a reduction in their ongoing administrative expenditures.
Entities must begin updating their internal reporting systems and data architectures to comply with these streamlined requirements before the 3 April 2028 deadline.

3️⃣ European Banking Authority — Guidance on FRTB Capital Requirements
The EBA published a technical report detailing the consideration for the application of the Fundamental Review of the Trading Book.
European banking institutions must navigate these clarifications on the boundary between trading books and banking books to ensure accurate capital calculations.
Firms should utilize this guidance immediately to refine their internal risk transfer processes and prepare for the final implementation on 1 January 2027.

4️⃣ Malta Financial Services Authority — Administrative Penalties Methodology for Credit Institutions
The MFSA issued a new Guidance Note that introduces a specific asset-based methodology for calculating administrative penalties for credit institutions.
This change impacts all credit institutions operating under Maltese jurisdiction by providing a more transparent and predictable framework for enforcement actions.
Banks and financial cooperatives should review the new calculation logic to ensure their compliance planning and risk assessments account for these potential liabilities.

5️⃣ Fellesforbundet — Cabin Crew at SAS Vote No in Ballot
The Fellesforbundet union announced that SAS cabin crew members have rejected a recent ballot proposal and are warning of imminent strike action.
This labor development directly affects SAS operations and will likely result in widespread flight cancellations and disruptions to European aviation services.
Management and logistics teams must prepare for the strike to begin this Saturday 8 August 2026 if no last-minute resolution is reached with the union.

Full analysis in the attached RegNext Daily Europe Radar carousel.

— Elena Navarro · Managing Editor, RegNext
Daily Europe Radar · Monday 03 Aug 2026
#EURegulation #UKRegulation #FinancialRegulation #ComplianceIntelligence