Regulatory Updates
US SEC Orders Morgan Stanley Smith Barney to Address Failures in Safeguarding Client Funds
On 9 December 2024, the United States Securities and Exchange Commission (US SEC) issued an order instituting administrative and cease and desist...
US CFTC Charges Pastor for $5.9 Million Crypto Ponzi Scheme
On 9 December 2024, the United States Commodity Futures Trading Commission filed a complaint against Francier Obando Pinillo, accusing him of...
ASIC Reinforces Custodial Standards: Insights into the Updated Regulatory Guide 133
On 10 December 2024, the Australian Securities and Investments Commission (ASIC) published an updated version of its Regulatory Guide 133, titled...
Cayman Islands Monetary Authority Appoints Jessica Ebanks as Head of Securities Supervision Division
The Cayman Islands Monetary Authority has announced the appointment of Ms. Jessica Ebanks as the Head of the Securities Supervision Division,...
Fraudulent Commodity Pools: U.S. CFTC’s Legal Action Culminates in Over US$2 Million Penalty Against Hawaiian Operator
On 5 December 2024, the United States Commodity Futures Trading Commission announced a legal resolution in its enforcement action against Marcus...
Hong Kong Stablecoins Bill to be Introduced in Hong Kong Legislative Council on 18 December 2024
On 6 December 2024, the Hong Kong Government announced the publication of the Hong Kong Stablecoins Bill in the Gazette, aiming to establish a...
US CFTC Announces Public Meeting on Market Risk Advisory Committee’s Key Topics for December 10
On 26 November 2024, the Commodity Futures Trading Commission, the regulatory authority overseeing derivatives markets in the United States,...
United Kingdom Financial Conduct Authority Engages Industry to Shape New Crypto Regulation Framework
On 26 November 2024, the United Kingdom Financial Conduct Authority announced progress in developing a regulatory framework for cryptoassets. This...
ASIC Issues New and Updated Guidance Following DBFO Act Reforms
On 21 November 2024, the Australian Securities and Investments Commission released updated regulatory guidance in response to reforms introduced...
MAS and ABS Announce Launch of Electronic Deferred Payment Solutions in Mid-2025 and Revised Deadline for Corporate Cheque Processing
On 5 December 2024, the Monetary Authority of Singapore and the Association of Banks in Singapore have jointly announced updates to Singapore’s...
US CFTC Reports US $17.1 Billion in Enforcement Action for FY 2024
On 4 December 2024, the US Commodity Futures Trading Commission (US CFTC) announced the Enforcement action for fiscal year 2024, securing a US $17.1...
MAS and NUS Extend Landmark Term Professorship Programme for Five More Years
On 4 December 2024, the Monetary Authority of Singapore announced the renewal of its partnership with the National University of Singapore,...