CUBE RegNews

A selected summary of key developments for regulated financial institutions

22nd September

CFTC commissioner calls for new rules ● BaFIN on innovation challenges ● SFC adopts changes ● NCU final rule ● SEC finalises “names rule” guidance

FCA’s Dear CEO letter to insurers ● ECB and HKMA speeches ● SEC privacy act update ● ASIC sues Bit Trade ● FinCEN compliance guide

FCA finds little evidence that banks target politicised clients ● ESMA consultation paper update ● SEC charges adviser

MAS enforcement report ● ABA: Compliance in a digital future ● FINRA September fines summary

Trio of Eurofi forum speeches ● FCA chair Alder ● BIS chair Hernández de Cos ● SEC commissioner Jaime Lizárraga ● BIS partners in LatAm

SEC charges over unregistered NFT offerings ● SEC Chair testimony ● Ex CEO of financial services firm guilty of fraud

FCA statement on financial promotions ● SEC on AI benefits to compliance ● SEC charges Virtu ● NASAA identifies compliance deficiencies

CFTC on digital derivatives enforcement ● US National Financial Fraud Registry proposal ● BIS on Basel III ● UK’s NCA cybercrime research

FCA writes to wholesale banks ● IRS focus shift to wealthy ● FinCEN pig butchering alert ● ASIC monthly update

FCA crypto promotions regime update ● CFTC resolves bitcoin fraud ● Call for digital assets pilot program ● HMT reminder on assets reporting

Central banker calls for new regulator for fintech ● EIOPA chair outlines broad themes ● HKMA Dear CEO ● SEC approves new CAT fee model

FCA on better sanctions practices ● FCA launches review of treatment of PEPs ● SEC charges five IAs ● ASIC targets OTC retail product issuers