United States

    Market Infrastructure

    Philippine Regulators Issue Guidelines on Streamlining Bank M&As

    By Sanday Chongo Kabange | 10/03/2022

    Five agencies including the BSP and SEC will have a total 55 business days to process merger, consolidation, acquisition applications from banks.

    AML / KYC

    US President Calls for Comprehensive Approach to Digital Assets

    By Editors | 10/03/2022

    The US Treasury and other agencies are directed to submit a series of reports within six months recommending a policy approach for digital assets.

    Enforcement

    FINRA Fines Deutsche Bank Securities for Best Execution Failures

    By Editors | 10/03/2022

    The firm routed customer orders to its own ATS before routing any part of the order to an exchange of the customer’s preference, FINRA said.

    Philippines Passes Law to Ease Foreign Investment Restrictions

    By Editors | 09/03/2022

    Qualified foreigners can fully own domestic enterprises including SMEs without prior approval, as long as they hire local workers.

    Enforcement

    Philippine SEC Strengthens Director Disqualification Rules

    By Editors | 08/03/2022

    The rules set out the conditions under which the SEC can disqualify and remove a director, trustee, or officer of a company.

    Philippine SEC Implements Caps on Loan Rates, Fees

    By Mark Johnston | 07/03/2022

    The caps were prescribed to curb predatory and abusive practices by lending and financing companies including on online platforms.

    Crypto / Digital Assets

    Thailand SEC Tightens Custody Rules for Digital Assets

    By Mark Johnston | 05/03/2022

    The SEC is also proposing requirements for digital asset businesses to disclose service quality information on their websites.

    Fintech / Regtech

    US SEC Probes Whether NFTs Are Being Used Like Securities

    By Editors | 05/03/2022

    The SEC has reportedly sent subpoenas demanding information about NFT offerings that could be raising funds like traditional securities.

    AML / KYC

    DOJ Launches New Task Force Targeting Russian Oligarchs

    By Editors | 04/03/2022

    Task Force KleptoCapture will use “the most cutting-edge investigative techniques” to identify sanctions evasion and related criminal misconduct by Russian oligarchs.

    Crypto / Digital Assets

    SET to Launch Digital Asset Exchange ‘Very Soon’

    By Editors | 03/03/2022

    The new digital asset exchange will not offer cryptocurrency trading, but instead focus on investment tokens and utility tokens.

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