The 100th whistleblower award to be made since the SEC Whistleblower Program was created as part of the Dodd Frank Act in 2010 has been announced by the SEC.
Legal & Regulation
Firms are unprepared for Uncleared Margin Rules despite deadline extension, says State Street survey
Eighty one per cent of institutions with a September 2021 (Phase V) or September 2022 (Phase VI) deadline for the Uncleared Margin Rules (UMR) are unprepared to comply with all facets of the new regulations, according to a survey by State Street.
SmartStream Technologies, a financial Reference Data Utility (RDU) solutions provider, is now supporting derivatives in its Systematic Internaliser (SI) Registry service, to help clients meet the Markets in Financial Instruments Directive II (MiFID II) deadline of 15 September, 2020.
Proposed changes to the SEC's Dodd-Frank Act whistleblower reward programme will undermine vital whistleblower protections, and place investors at significant risk of being harmed by increased fraud, according to whistleblower rights law firm of Kohn, Kohn and Colapinto.
Singapore Exchange (SGX) has partnered with Cassini Systems, a provider of pre- and post-trade margin and collateral analytics for derivatives markets, to provide a free service for SGX market participants, to help them prepare to meet the Uncleared Margin Rules (UMR) requirements.
The Financial Conduct Authority (FCA) is investigating more than 150 Coronavirus-related scams since the outbreak began, according to official figures.
Hong Kong SFC issues 'approval-in-principle' for OSL virtual asset automated trading and brokerage licenses
Asian digital asset platform OSL, a member of BC Technology Group, has secured an approval-in-principle for its application to operate a virtual asset trading platform under a license for Type 1 (dealing in securities) and Type 7 (automated trading service (ATS)) regulated activities under the Securities and Futures Commission (SFC) virtual asset licensing framework in Hong Kong.
In June and July 2020, Apperio commissioned the first independent study to understand how in-house legal teams across the asset management sector are navigating the evolving challenges posed by Covid-19.
Bank of Nova Scotia to pay USD127.4m CFTC penalty for spoofing, false statements, compliance and supervision violations
The Commodity Futures Trading Commission (CFTC) has issued three orders filing and settling charges against The Bank of Nova Scotia (BNS), a provisionally registered swap dealer, resolving two separate enforcement actions.
The size and growth of the mutual fund sector in China, combined with recent market liberalisation steps, will lead to more investment managers applying for onshore fund-management licenses, according to Fitch Ratings.