United States

Securities / Derivatives

US Regulators Expand Reporting Requirements for Private Funds

By Manesh Samtani | 10/02/2024

The amendments will require detailed reporting on hedge funds’ concentrated positions, counterparty exposures and financing arrangements.

Fintech / Regtech

US Launches AI Safety Consortium With 225 Members

By Editors | 09/02/2024

Members include OpenAI, Google, Microsoft, Meta, Apple, Amazon, Nvidia, JPMorgan Chase, Bank of America, Mastercard, Visa and others.

Sanctions

OFAC Announces Russian Diamond Ban, Price Cap Sanctions

By Editors | 09/02/2024

Import ban on Russian diamonds starts 1 March 2024. New sanctions target UAE-based entities and an oil tanker.

Securities / Derivatives

US SEC Approves Post-trade Transparency Rule for Treasury Market

By Editors | 09/02/2024

Post-trade transparency in the Treasury markets will for the first time be on a trade-by-trade basis, rather than aggregated.

Securities / Derivatives

Goldman Agrees to Penalties for Trade Surveillance Failures

By Editors | 09/02/2024

Goldman did not include some of the securities it traded in surveillance reports between February 2009 and mid-April 2023.

AML / KYC

New FinCEN Rule Targets Money Laundering in Real Estate

By Editors | 09/02/2024

Certain real estate professionals would be required to report all-cash transfers of residential real estate to legal entities or trusts.

Market Infrastructure

US SEC Approves Rule Change to Shift Municipal Bonds to T+1

By Mark Johnston | 08/02/2024

The amendment promotes the completion of allocations, confirmations, and affirmations by the end of trade date for municipal securities transactions.

Securities / Derivatives

US SEC Adopts Rule to Boost Oversight of Proprietary Traders

By Editors | 07/02/2024

Firms that take on significant liquidity-providing roles in markets will be required to register as dealers and meet other requirements.

Crypto / Digital Assets

Thailand Announces Vat Exemption for Digital Asset Trading

By Editors | 07/02/2024

The Finance Ministry has dispensed of requirements to pay seven percent VAT on income derived from crypto and digital token trading.