United States

Custody & Infrastructure

Thailand to Introduce Rules for Digital Asset Wallet Providers

By Editors | 02/02/2021

The SEC is concerned that digital asset wallets and custodian services could be used for drug offences and money laundering.

PEPs & Sanctions

Xiaomi Files Suit Against US Govt Over Investment Ban

By Editors | 01/02/2021

The lawsuit says banning US investors from being able to invest in Xiaomi will “cause immediate and irreparable harm” to the company and hurt its global reputation.

Market Abuse

Regulators, Lawmakers Express Concerns Over GameStop Trading

By Manesh Samtani | 01/02/2021

Regulators from the US to the UK and Malaysia have issued statements expressing concerns over the heightened volatility seen in the US market over the past week.

Cryptocurrency

Ripple Files Response to US SEC Defending XRP as Virtual Currency

By Editors | 31/01/2021

The response notes that the DOJ, FinCEN and regulators in the UK, Singapore and Japan have all concluded that XRP is a virtual currency not subject to securities regulation.

Supervision & Enforcement

US Regulator Fines Goldman Over Employee Fingerprinting

By Editors | 28/01/2021

FINRA said Goldman failed to maintain a reasonable system to identify and properly screen individuals who became associated with the firm in a non-registered capacity.

PEPs & Sanctions

US Treasury Defers Investment Ban on Some Chinese Companies

By Editors | 28/01/2021

A general licence delays the application of restrictions on companies with names that closely match those of the blacklisted companies.

PEPs & Sanctions

Index Providers to Remove More Chinese Firms from Indexes

By Editors | 26/01/2021

MSCI and FTSE Russell say they will remove five more Chinese companies from their global indexes in the absence of further OFAC guidance.

Conduct, Culture & Accountability

Sri Lanka Issues Good Practices Guidelines for Stockbrokers

By Duruthu E Chandrasekera | 26/01/2021

The guidelines are mandatory and require immediate implementation. Three months’ grace is given for a new cap on investment advisor commissions.

Operational Risk

2021 Outlook for BCBS 239 Compliance in Southeast Asia

By Irene Liu | 26/01/2021

PwC’s South East Asia Consulting team discusses progress made to comply with BCBS 239 in Southeast Asian jurisdictions, providing an outlook and recommendations for the year ahead.