Regulation and incorporation News
Cboe and Citadel Securities Sue CFTC Over Single-Stock Derivatives
Major financial institutions including Cboe and Citadel Securities have filed a lawsuit against the CFTC challenging its approval of single-stock perpetual derivatives.
ASIC Outlines Transitional Rules for Foreign Financial Service Providers
ASIC has launched a consultation regarding transitional proposals for its upcoming foreign financial services provider regulatory framework.
Trading Firms Sue CFTC Over Single-Stock Perpetual Futures Approval
Major trading entities and an industry coalition have filed a lawsuit against the CFTC challenging its authorization of single-stock perpetual futures contracts.
UK FCA Cancels Adelphi Special Risks Regulatory Permission
The UK FCA has revoked the regulatory authorization of insurance intermediary Adelphi Special Risks Limited due to suitability standard failures.
FCA Launches Quantum Computing Pilot to Combat Money Laundering
The UK FCA has launched an initiative inviting financial institutions and tech firms to evaluate quantum computing for combating money laundering.
House Democrats Propose Crypto Bill Expanding SEC Regulatory Oversight
FinanceFeeds reports that US House Democrats are exploring new crypto legislation designed to increase the SEC's regulatory authority over digital assets while scaling back the CFTC's remit.
UK FCA Revokes Regulatory Permissions for Adelphi Special Risks
FX News Group reports that the UK FCA has rescinded Part 4A regulatory authorization for Adelphi Special Risks Limited.
FCA Finalizes UK Transaction Reporting Overhaul to Reduce Compliance Costs
The FCA completed updates to the UK transaction reporting framework, aimed at cutting industry costs despite initial implementation hurdles.
FINRA Proposes Market-Wide Circuit Breaker Updates for 23/5 Trading
FINRA filed a proposed rule change with the SEC addressing trading halts and resumptions under market-wide circuit breakers as trading hours expand to 23/5.
CONSOB Leads EU Crackdown with 95% of Unlicensed Crypto Registry Entries
Italian regulator CONSOB contributed 95% of all entries on ESMA's registry of unauthorized crypto asset providers, Finance Magnates reports.
South Korea Ruling Party Proposes Further Delay to 22% Crypto Tax
South Korea's ruling party has proposed delaying the implementation of a 22% crypto asset gains tax past its scheduled January 2027 start date.
UK FCA Revokes Regulatory Authorization for Cyber Quote Limited
FX News Group reports that the UK FCA has rescinded Cyber Quote Limited's regulatory authorization to conduct financial activities.
DFSA Issues AI Trading Warning Amid Growing Brokerage Automation
The DFSA has released a paper highlighting cybersecurity and operational concerns stemming from the growing use of autonomous AI tools by trading brokers, according to reports.
ASIC Imposes A$4.36 Million in Penalties for Late Financial Filings
ASIC recovered A$4.36 million after issuing infringement penalties to 22 large proprietary firms for late submission of financial statements, Finance Magnates reports.
ASIC Slaps 22 Firms With $4.3M in Fines for Financial Reporting Lapses
FX News Group reports that ASIC issued more than $4.3 million in penalty notices to 22 businesses for allegedly failing to submit audited annual accounts.
FCA Finalizes Regulatory Standards for UK ESG Rating Providers
Finextra reports that the UK Financial Conduct Authority has introduced finalized regulatory standards for ESG rating services to improve transparency.
CFTC Greenlights Perpetual Futures for U.S. Equity Markets
The CFTC has authorized perpetual futures for single stocks on US exchanges, extending a crypto derivatives structure to equities under joint SEC oversight.
FINRA Rules Against Lek Securities in Rosen V Partners Arbitration
FINRA has issued an arbitration award in a dispute involving Lek Securities Corporation and claimant Rosen V Partners LP.
CFTC Approves Perpetual Futures for Single Equities
The CFTC has permitted regulated exchanges to list perpetual futures on single equities, expanding the instrument beyond cryptocurrencies.
International Authorities Dismantle Cyprus-Based Investment Fraud Ring
Authorities disrupted an international investment fraud ring based in Cyprus and Israel that provided fake trading platforms to illicit call centers.
Full Federal Court Upholds $11M Penalty Against iSignthis and Ex-CEO
Australia's Full Federal Court has affirmed an $11 million fine and a six-year ban against iSignthis and its ex-CEO following a rejected appeal.
CFTC Chair Rostin Behnam Calls for Stricter Crypto Exchange Oversight
Finance Feeds reports that the CFTC chairman urged stricter oversight and federal registration for offshore crypto exchanges following a major Binance security breach.
FINRA Modernizes Regulatory Framework to Bolster Capital Formation
FINRA reports on modernization efforts to adapt its framework for capital formation, addressing rule updates on marketing projections and market access.
FINRA Proposes Corporate Governance Overhaul to SEC
FINRA has submitted a proposed rule filing with the SEC to update its corporate governance framework and board operations.
Bank of Korea Launches Survey on Financial Firm Crypto Exposure
FinanceFeeds reports that South Korea's central bank is surveying dozens of local banks and brokerages to assess their resilience against potential crypto market shocks.
ASIC Launches Legal Action Against First Guardian Executives
ASIC is pursuing legal action against First Guardian executives over allegations that superannuation funds were directed into conflicted and undocumented assets.
ASIC Issues Warning on Risks of Offshore Prediction Markets
ASIC has cautioned Australian retail consumers about the risks and lack of protections surrounding offshore prediction markets.
SEC Grants Targeted Relief for Treasury Clearing Requirements
The SEC has granted exemptive relief for specific inter-affiliate and cross-border repo trades to aid broker-dealers transitioning to central clearing.
Citadel Securities Challenges FINRA Best Execution Framework
Citadel Securities has submitted an official comment letter addressing FINRA's regulatory notice concerning best execution standards.
UK FCA Urges Verus Financial Services Clients to Seek FSCS Compensation
The UK FCA is advising past clients of Verus Financial Services to see if they are eligible for FSCS compensation amid an ongoing probe into the advisory firm.
HTX Commits to UK Market Exit Following FCA Regulatory Intervention
HTX agreed to exit the UK market and cease serving local clients following legal enforcement by the Financial Conduct Authority.
CySEC Revokes TIOmarkets License Following Voluntary Surrender
CySEC has officially revoked the investment firm authorization of TIOmarkets CY Ltd following the broker's voluntary surrender of its license.
FINRA Issues Arbitration Award Against Signature Estate Securities
FINRA released an arbitration award document concerning a legal dispute involving Signature Estate Securities and private claimants.
CySEC Confirms Withdrawal of TioMarkets CY License
CySEC has officially withdrawn the Cyprus Investment Firm license of TioMarkets CY after the brokerage voluntarily decided to surrender its authorization.
CySEC Revokes TioMarkets CY Ltd Investment Firm Authorization
CySEC has officially revoked the Cyprus investment firm authorization of broker TioMarkets CY Ltd.
ASIC Signals Regulatory Resistance to Retail Prediction Markets
ASIC reports skepticism over allowing retail users access to prediction markets, comparing the contracts to speculative bets and binary options.
ASIC issues statement on prediction markets
FX News Group reports that the Australian Securities and Investments Commission has released an official statement concerning prediction markets.
ASIC Pursues Civil Penalties Against Former Falcon Capital Directors
ASIC has initiated civil penalty legal proceedings targeting former Falcon Capital directors David Anderson and Simon Selimaj.
FINRA Proposes Voluntary Continuing Education Program for Senior Leaders
FINRA has submitted a proposed rule change to the SEC to establish a voluntary continuing education interim program for senior leaders at member firms.
HTX to Exit UK Market Following FCA Enforcement Action
HTX plans to exit the UK after the FCA obtained a High Court order stopping the crypto exchange from unlawfully promoting its services locally.
FCA Secures High Court Order Restricting HTX Crypto Promotions in UK
The UK FCA has secured High Court commitments preventing crypto exchange HTX from marketing its digital asset offerings to domestic consumers.
ASIC Confirms Zero Licensing Applications for Australian Prediction Markets
ASIC reported that no prediction market operator has sought an Australian license, noting prospective applicants would face stringent regulatory hurdles.
FINRA Faces Industry Pushback Over Leveraged Product Oversight
A public commenter has submitted feedback to FINRA criticizing proposed oversight on leveraged and inverse investment vehicles.
Rothera Secures CFTC Approval for Debut KPI Swap Contracts
FX News Group reports that Rothera has gained CFTC approval to introduce a new class of KPI swap contracts.
BaFin Lowers Capital Requirements for flatexDEGIRO
BaFin reduced flatexDEGIRO's group capital requirements and lifted an extra surcharge following the broker's share repurchase application.
FINRA Issues New IPO Readiness Guidance for Member Brokerages
FINRA announced an educational webinar guiding member brokerages through capital, regulatory, and operational expectations for large IPO offerings.
FINRA Confirms Arbitration Award Against Wells Fargo Clearing Services
FINRA has issued an order confirming an arbitration case involving Wells Fargo Clearing Services and Hoss Esmaeili.
Chetwood Bank Joins PRA and FCA Scale-up Cohort to Boost Growth
Chetwood Bank has been chosen to take part in the second cohort of the joint PRA and FCA Scale-up Unit initiative.
FINRA Adopts New Rule 3290 for Registered Personnel Outside Activities
FINRA has approved a rule filing establishing Rule 3290 to update compliance standards regarding registered personnel's outside activities.
BaFin Removes Capital Surcharge for flatexDEGIRO Following Audit
Germany's financial watchdog BaFin has removed a capital surcharge and lowered reserve requirements for flatexDEGIRO Bank, according to Finance Magnates.
ASIC Proposes Narrower Scope for AFCA Scam Dispute Oversight
ASIC has released proposed revisions to its AFCA oversight guidelines detailing how scam allegations involving financial firms and tech platforms will be allocated.
UAE Investor Refunds Hit 1.2 Billion Dirhams Amid Brokerage Growth
UAE's CMA reported a sharp rise in investor refunds alongside a 43% surge in licensed firms as CFD brokers expand local registrations.
FCA Review: Only 12% of CFD Brokers Adjusted Overnight Financing Fees
The FCA reported that only 12% of reviewed CFD brokers modified their financing fees following supervisory scrutiny over overnight charges.
FINRA Expands Broker-Dealer Oversight to Corporate KPI Binary Options
FINRA has updated broker-dealer guidelines to encompass binary options linked to corporate performance metrics ahead of upcoming exchange rollouts.
FINRA Updates Underwriting Compensation Rules 5110 and 5123
FINRA announced approved modifications to Rules 5110 and 5123 regarding underwriting compensation calculations and offering exemptions for accredited investors.
UK Financial Regulators Track Rapid Surge in Generative AI Adoption
UK regulators report a dramatic surge in generative AI adoption across domestic financial institutions over the past two years.
Hong Kong SFC Greenlights Secondary Trading for Tokenized Funds
Hong Kong's SFC has authorized secondary market trading for two tokenized money market funds on a licensed digital asset platform, FX News Group reports.
UK FCA Clarifies DeFi Oversight Rules for Decentralized Projects
The UK FCA clarified that decentralization claims will not exempt crypto projects from financial oversight, issuing consultations on DeFi rules.
South Korea to Amend Forex Laws to Bring Stablecoins Under Oversight
South Korean authorities intend to revise foreign exchange rules to bring cross-border stablecoin payments under official regulatory oversight.
UK FCA Launches DeFi Consultation Ahead of 2027 Regulatory Framework
Finance Feeds reports that the UK FCA has initiated consultations to shape upcoming decentralized finance rules ahead of the 2027 crypto regime.