Regulatory Updates
US CFTC Issues Advisory on Clearing of Options for Spot Commodity ETFs: Likely to Fall Outside US CFTC’s jurisdiction
On 15 November 2024, the United States Commodity Futures Trading Commission Division of Clearing and Risk issued an advisory clarifying its position...
Asia Pacific Financial Regulators and Cloud Service Providers Conduct First Crisis Management Exercise
On 15 November 2024, the Monetary Authority of Singapore made an update on crisis management exercise, which was conducted by financial regulators...
MAS updates on FATF High-Risk Jurisdictions as of 25 October 2024 and Urges Vigilance from Financial Institutions
On 18 November 2024, the Monetary Authority of Singapore, updated a statement on its official website, made by the Financial Action Task Force, in...
International Platform on Sustainable Finance Launches Multi-Jurisdiction Common Ground Taxonomy
On 14 November 2024, the International Platform on Sustainable Finance, in collaboration with the People’s Bank of China, the European Commission...
FINMA Announces Strategic Goals for 2025-2028 to Strengthen Swiss Financial Market
On 13 November 2024, the Swiss Financial Market Supervisory Authority (FINMA) announced its strategic goals for the period from 2025 to 2028. The...
Latvijas Banka Expands Guidelines on Money Laundering Prevention and Sanctions Risk Management
On 7 November 2024, Latvijas Banka announced an expansion and update of its Guidelines on the Establishment of the Internal Control System for...
United States Securities and Exchange Commission Imposes $1 Million Penalty on Stoner Cats 2, LLC for Unregistered NFT Offering
On 13 November 2024, the United States Securities and Exchange Commission issued an Order appointing fund administrator, setting administrator’s...
Singapore FinTech Festival 2024 Concludes with Record 65,000 Participants from 134 Countries
On 13 November 2024, The Monetary Authority of Singapore published the updates of the ninth edition of the Singapore FinTech Festival wrapped up on...
Singapore Parliament Addresses Complaints and Regulatory Oversight for Financial “Finfluencers”
On 13 November 2024, in response to a parliamentary question, Mr Alvin Tan, Minister of State for the Ministry of Trade and Industry and the...
Singapore’s Parliamentary Response on Security and Fraud Liability in Digital Banking for Minors
On 12 November 2024, during a parliamentary session, Deputy Prime Minister and Chairman of the Monetary Authority of Singapore, Mr Gan Kim Yong,...
ASIC Reinforces Consumer Confidence in Australian Credit System with Focus on Fair Outcomes
On 13 November 2024, ASIC Deputy Chair Sarah Court delivered an address at the Australian Financial Security Authority Summit. In her remarks, she...
ASIC Enforces Financial Reporting Compliance with Optix Australasia Pty Ltd
On 15 October 2024, the Australian Securities and Investments Commission (ASIC) issued an infringement notice to Optix Australasia Pty Ltd,...