Crypto / Digital Assets

HKMA, SFC Warn of Illegal Offerings by Crypto Firms

18/09/2023

The HKMA warned about crypto firms labelling themselves as banks. The SFC warned about a crypto firm called JPEX which falsely claims to be licensed.

Market Infrastructure

NZX Consults On Introduction of Exchange-delivered Dark Pool

14/09/2023

‘NZX Dark’ will provide an alternative venue for investors to execute large transactions with anonymity and price improvement.

Fintech / Regtech

SEC Philippines Allows Crowdfunding Platforms to Act as Registrars

14/09/2023

To date, only traditional financial intermediaries have been allowed to act as registrars under the securities regulation code.

Fintech / Regtech

US SEC Grants Nasdaq Approval to Launch AI-Powered Order Type

14/09/2023

The order type enhances liquidity, execution quality improvement outcomes, and fill rates by adjusting dynamically to real-time market conditions.

AML / KYC

Singapore’s PayNow to End ‘Nickname’ Feature Next Year

12/09/2023

The removal of the nickname option from PayNow has been prompted by growing cases of scams and a need to bolster online security.

Enforcement

SFC Revokes Fund Manager Licence, Suspends Manager-In-Charge

12/09/2023

Axial Capital Management failed to maintain its required liquid capital for 19 straight months and to make various filings on time.

AML / KYC

CFTC Commissioner Calls for Creation of National Financial Fraud Registry

12/09/2023

Commissioner Christy Goldsmith Romero says a centralised national financial fraud registry would enable the public to protect themselves from fraudsters.

Australia Passes Bill to Ease Education Burden on Financial Advisers

12/09/2023

The new legislation will allow financial advisers with 10 years’ experience and a clean record stay in the industry.

Crypto / Digital Assets

BSP Announces Key Technology Decision for CBDC Pilot

10/09/2023

Participating financial institutions will test the use of wholesale CBDC technology alongside PhilPaSSplus in a sandbox environment.