Crypto / Digital Assets

UK FCA Directs Crypto Firms to Prepare for New Ad Rules

08/02/2023

Breaches of the rules can result in takedowns of websites, public warnings, and other actions, including up to two years in prison.

Enforcement

ASIC Disciplinary Panel Fines Stockbroker Over Trade Pricing

07/02/2023

Wilsons Advisory and Stockbroking reported over 2,000 trades as TWPI transactions in circumstances where the trades did not provide price improvement.

Enforcement

US SEC Expands Staff Messaging Probe to Hedge Funds

07/02/2023

The SEC has asked firms including Point72 Asset Management and Citadel to search employees’ personal devices for evidence of business dealings via unapproved channels.

BNM Issues Consultation on New Financial Inclusion Framework

07/02/2023

BNM says the vision of the Framework is to provide a more expansive and holistic approach to elevate financial well-being in Malaysia.

Securities / Derivatives

Morgan Stanley Wins Approval to Fully Own China Fund Business

07/02/2023

Morgan Stanley Investment Management becomes the 7th foreign firm approved to fully own a domestic mutual fund business.

Crypto / Digital Assets

Thailand Grants Crypto Fund Managers Greater FX Flexibility

07/02/2023

The amendment will give digital asset fund managers greater flexibility to purchase digital assets overseas and make payments for related expenses.

Securities / Derivatives

SEBI Proposes to Prevent Brokers from Holding Client Funds Overnight

07/02/2023

SEBI proposes to require trading and clearing members to move all client funds to clearing corporations at the end of each trading day to prevent broker misuse.

NZ FMA Offers Guidance on Providing Investment Advice

07/02/2023

The guidance focuses on situations where it is difficult or impractical to access information to support reasonable grounds for financial advice on an investment product.

Crypto / Digital Assets

FASB to Propose New Crypto Accounting Standard in March

07/02/2023

An exposure draft to be issued by end-March will require companies to measure crypto assets using fair value accounting.