Securities / Derivatives

Taiwan Allows Foreign Investors to Designate Multiple Custodians

31/08/2024

Foreign institutional investors are now allowed to appoint up to four custodians to handle their dealings in Taiwan securities markets.

Securities / Derivatives

US SEC Adopts New Reporting Rules for Investment Funds

31/08/2024

Mutual funds and ETFs will have to report portfolio holdings monthly rather than quarterly. Swing pricing rules weren’t included in the amendments.

Capital / Liquidity

UK to Postpone Basel III Implementation to Jan 2026

30/08/2024

The general election in mid-May left UK regulators unable to publish their rules in time for the original 1 July 2025 timeline.

Enforcement

CFTC Penalises Nasdaq Futures Over False Disclosures

30/08/2024

Nasdaq Futures, which operated an energy commodity futures market from 2015-2018, did not fully disclose details of an incentive programme.

Crypto / Digital Assets

WFE Offers Recommendations on Crypto Custody Practices

30/08/2024

The recommendations draw lessons from traditional finance to guide crypto custody providers in creating a safer space for investors.

Enforcement

Australian Court Sentences Financial Adviser to 12 Years Jail

30/08/2024

Ben Jayaweera dishonestly obtained money from clients for investments and then transferred the funds to his own accounts.

Crypto / Digital Assets

US SEC Settles Charges Against Crypto Firm Abra

30/08/2024

The SEC said Abra operated as an unregistered investment company and sold a retail crypto asset lending product that should have been registered.

Fintech / Regtech

ASIC Launches Pilot Digital Portal for AFS Licensing

30/08/2024

The pilot involves a limited number of new AFSL applications before the new digital portal is fully adopted in Q1 2025.

Crypto / Digital Assets

US SEC Planning Legal Action Against NFT Platform OpenSea

29/08/2024

OpenSea CEO Devin Finzer said the SEC is threatening to sue because “they believe NFTs on our platform are securities”.