Regulatory Updates
US SEC Chair: Registered PCAOB Inactive Firms under Scrutiny with New Registration Withdrawal Rule
On 2 January 2025, Gary Gensler, Chair of the United States Securities and Exchange Commission (US SEC), gave an official statement announcing a...
MAS Encourages Use of Fit Notes and E-Hong Baos for a Greener Lunar New Year
On 2 January 2025, the Monetary Authority of Singapore (MAS) announced initiatives to promote the use of Fit notes and digital gifting during the...
Hong Kong Monetary Authority announced Schedule for Financial Announcements
The Hong Kong Monetary Authority (HKMA), on 31 December 2024, released its schedule for important financial announcements and updates in January...
Hong Kong Solicitor Held Guilty of Breaching Hong Kong Securities & Futures Commission’s Secrecy Rules
On 2 January 2025, the Hong Kong's Securities and Futures Commission (HK SFC), announced the conviction against a practicing solicitor for breaching...
Swiss FINMA Introduces Circular on Nature-Related Financial Risks for Banks and Insurers
On 17 December 2024, the Swiss Financial Market Supervisory Authority (FINMA) issued its groundbreaking circular titled “Nature-related Financial...
Swiss Federal Council Appoints Aline Darbellay to FINMA’s Board of Directors
On 20 December 2024, the Swiss Federal Council announced the appointment of Aline Darbellay as a member of the Board of Directors of the Swiss...
US SEC Bars Richard Brown for Securities Fraud and Undisclosed Kickbacks
On 23 December 2024, the United States Securities and Exchange Commission (US SEC) issued an order under Section 15(b) of the United States...
Māris Kālis Appointed Acting Governor of Latvijas Banka Amid Leadership Transition
On 19 December 2024, the Saeima of Latvia appointed Māris Kālis as the Acting Governor of Latvijas Banka to ensure the seamless continuity of the...
Sanjay Malhotra Appointed as 26th Governor of Reserve Bank of India
On 11 December 2024, Mr. Sanjay Malhotra was appointed as the Governor of Reserve Bank of India. Mr. Sanjay Malhotra, who has considerable...
US CFTC Finalises Rule on Margin Adequacy and Separate Account Treatment for Futures Commission Merchants
On 20 December 2024, the United States Commodity Futures Trading Commission (US CFTC) published the Final Rule along with a fact sheet outlining...
US SEC Sanctions Tai Mo Shan for Misleading Investors and Unregistered Crypto Sales in Terra USD Stablecoins
On 20 December 2024, the United States Securities and Exchange Commission (US SEC) issued an order instituting cease-and-desist proceedings pursuant...
UK FCA Publishes Consultation paper on Investment Disclosure Rules for Retail Investors
On 19 December 2024, the United Kingdom's Financial Conduct Authority (UK FCA) announced an order instituting consultation for a new product...