Regulatory Updates
UK FCA Fines Arian Financial LLP £288,962.53 for Failures Linked to Cum-Ex Trading
On 10 January 2025, the United Kingdom Financial Conduct Authority (UK FCA) announced that it had fined Arian Financial LLP £288,962.53 for failings...
HK SFC Warns Public About Unlicensed Virtual Asset Trading Platform “iSCAT Exchange”
On 10 January 2025, the Hong Kong Securities and Futures Commission (HK SFC) issued a public warning against an unlicensed virtual asset trading...
US SEC Updates Investment Company Names Rule with New FAQs, Retiring Obsolete Guidelines
On 7 January 2025, the United States Securities and Exchange Commission (US SEC) published updated Frequently Asked Questions (FAQs) related to Rule...
Former Texas Resident Leena Jaitley Ordered to Pay Millions Following US SEC Fraud Complaint
On 7 January 2025, the United States Securities and Exchange Commission (US SEC) published the Litigation release. On 12 December 2024, the United...
CFTC Chairman Rostin Behnam Announces Departure After Seven Years of Leadership
On 7 January 2025, Rostin Behnam, Chairman of the United States Commodity Futures Trading Commission (US CFTC), announced his decision to step down...
Singapore Addresses Credit Card Fraud: Protections and Responsibilities Outlined
On 7 January 2025, during a Parliament sitting, Mr. Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman of the...
HKMA Issues Urgent Warning Over Phishing Messages Linked to Bank of China (Hong Kong)
On 7 January 2025, the Hong Kong Monetary Authority (HKMA) issued a public alert regarding phishing instant messages impersonating Bank of China...
RBI Announces HaRBInger 2024 Winners: Transforming Financial Security and Accessibility
On 7 January 2025, the Reserve Bank of India (RBI) announced the winners of the third edition of its global hackathon, HaRBInger 2024 – Innovation...
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...