Regulatory Updates
Acting Chairman Pham Announces Key CFTC Leadership Changes Amid New Administration
On 22 January 2025, the United States Commodity Futures Trading Commission (US CFTC) announced significant leadership changes under Acting Chairman Caroline D. Pham. The reshuffle reflects the transition to a new administration and ensures continuity in the Commission’s regulatory oversight across the derivatives and commodities markets. The announcement included interim appointments for positions within the US CFTC’s leadership team, highlighting the organisation’s focus on emerging financial technologies, market stability, and international engagement.
US SEC Fines Digital Currency Group and Former Genesis CEO for Misleading Investors
On 17 January 2025, the United States Securities and Exchange Commission (US SEC) published order instituting cease-and-desist proceedings, pursuant...
US SEC Proposes Novel Compensation Plan for Barclays Investors, Raising Legal and Policy Questions
On 22 January 2025, the United States Securities and Exchange Commission (US SEC) published a Notice of Proposed Plan of Distribution and...
US SEC Unveils Crypto 2.0 Task Force to Reform Digital Asset Regulation
On 21 January 2025, the United States Securities and Exchange Commission (US SEC) launched the Crypto 2.0 Task Force, an initiative to overhaul the...
Leadership Transitions at the US SEC: A Realignment Following Presidential Change
The United States Securities and Exchange Commission (US SEC) has announced a series of leadership changes, coinciding with the transition to...
Hong Kong’s SFC Publishes Circular for Virtual Asset Platform Regulations with Stricter Conduct Standards
On 16 January 2025, the Hong Kong Securities and Futures Commission (HK SFC) published “Circular to Licensed Corporations, SFC-licensed Virtual...
Caroline D. Pham Appointed Acting Chairman of US CFTC
On 20 January 2025, the United States Commodity Futures Trading Commission (US CFTC) has unanimously appointed Commissioner Caroline D. Pham as...
US SEC Sanctions LPL Financial with $18 Million Fine for AML Violations
On 17 January 2025, the United States Securities and Exchange Commission (US SEC) published an order instituting administrative and cease-and-desist...
US SEC Announces Departure of International Affairs Director YJ Fischer
On 16 January 2025, the United States Securities and Exchange Commission (US SEC) announced the departure of YJ Fischer, Director of the Office of...
US SEC Charges Two Sigma with Failing to Address Model Vulnerabilities, Imposes $90 Million Penalty
On 16 January 2025, the United States Securities and Exchange Commission (US SEC) announced order instituting administrative and cease-and-desist...
ASIC Appoints Scott Gregson as CEO during Organisational Transformation
On 16 January 2025, the Australian Securities and Investments Commission (ASIC) announced the appointment of Scott Gregson as its new Chief Executive Officer, effective 17 March 2025. Gregson, who brings nearly three decades of regulatory and enforcement experience from the Australian Competition and Consumer Commission (ACCC), will succeed retiring interim CEO Greg Yanco.
Swiss FINMA Published Guidance on Reporting for Collective Investment Schemes
On 13 January 2025, the Swiss Financial Market Supervisory Authority (FINMA) released updated guidance on reporting requirements for collective...