Structural Regulation

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.

Trading & Investment

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.

Fraud, Scams & Cybercrime

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.

Conduct, Culture & Accountability

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.

Fraud, Scams & Cybercrime

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.

Clearing & Post-Trade

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.

CBDCs

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.

Conduct, Culture & Accountability

ASIC Sues AustralianSuper For Failing to Consolidate Member Accounts

08/09/2023

ASIC alleges that for almost 10 years, AustralianSuper charged fees on unintended multiple accounts, affecting approximately 90,000 members.

Reporting & Disclosures

SEC Philippines to Issue Revised Sustainability Reporting Guidelines

08/09/2023

The SEC says the revised guidelines will take into account the IFRS S1 and S2 standards and ensure listed companies report sustainability information consistently.