CUBE RegNews

A selected summary of key developments for regulated financial institutions

30th October

UK Treasury issues stablecoin update ● FATF outlines forthcoming initiatives ● FTC approves change to Safeguards Rule ● CFTC and AMF MoU

Economic Crime and Corporate Transparency Act ● UKFIU publishes latest newsletter on money mules ● Feedback statement on AI in the UK

UK Finance half year fraud update ● MAS consultation on sharing responsibility for scams ● Grewal speech on proactive compliance

PSR APP report ● Bonus cap lifted ● Fed writes to banks ● US agencies issue rule to facilitate bank account access ● BlackRock fined $2.5m

FCA findings on SME thresholds for complaints ● Triple regulatory action in Hong Kong ● Joint EU-UK financial regulatory reform statement

FinCEN alert urges firms to be extra-vigilant ● Long-term debt requirements consultation extended ● HKMA and SFC virtual asset guidance

Bank of England on cyber risk and resilience ● Payment Systems Regulator on Open Banking ● Bank fined $14.5 million ● FinCEN proposed rule

FCA publishes proceeds of fraud report ● ECB confirms next stage of digital euro ● Hedge fund manager guilty of Ponzi scheme

ASIC outlines retail priorities ● Canada adds payment systems to regime ● ESMA clarifies MiCA timeline ● Goldsmith Romero on CFTC enforcement

ASIC chair outlines case for crypto regulation ● HKMA reminds firms of disclosure responsibilities ● FINRA October fines summary

BoE systemic risk survey ● Australia consults on digital assets reg framework ● SRA publishes 2022/23 AML report ● SEC adopts new rules

FCA asset manager priorities ● PSR revises penalty guidance ● HKMA announces digital fraud initiatives ● MAS guidance for fund managers