Securities / Derivatives

Philippine SEC Issues Consumer Protection Rules for Consultation

31/01/2023

The rules will implement the requirements of the Financial Products and Services Consumer Protection Act, which passed in May last year.

ESG / Sustainability

IFSCA Issues Disclosure Framework for GIFT City ESG Funds

30/01/2023

The framework is designed to promote the consistency, comparability, and reliability of disclosures from ESG funds operating in India’s maiden international financial services centre.

AML / KYC

International Counter Ransomware Task Force Begins Operation

30/01/2023

Australia is the inaugural chair and coordinator of the ICRTF, which will seek to drive international cooperation to tackle ransomware.

Crypto / Digital Assets

Japan FSA to Permit Foreign Issued Stablecoins by Early June

30/01/2023

Under the new regulations, the FSA will only permit stablecoins that pass checks to ensure user protections are in place and reserve assets are secure.

ESG / Sustainability

Climate Consultancy South Pole Accused of Over-issuing Carbon Credits

30/01/2023

South Pole is alleged to have oversold 27 million tonnes of carbon credits and then failed to notify clients when the mistake was discovered.

Enforcement

FCA Charges Former Janus Henderson Analyst for Insider Trading

30/01/2023

Redinel Korfuzi used confidential inside information obtained in his role as a Janus Henderson analyst to enable “timely and profitable trading” in 49 companies.

AML / KYC

US, EU Authorities Take Down HIVE Ransomware Gang

30/01/2023

“Simply put, using lawful means, we hacked the hackers,” said deputy attorney general Lisa Monaco.

Sanctions

US Expands Sanctions Against Russia’s Wagner Group

30/01/2023

Russian mercenary organisation Wagner Group was re-designated as a foreign person that constitutes a “significant transnational criminal organisation”.

Securities / Derivatives

DTCC Publishes Testing Framework for US Move to T+1 Settlement

30/01/2023

The testing framework assumes a September 2024 implementation date. Testing dates may have to change as regulators have not yet confirmed an implementation date.