United States

PEPs & Sanctions

Iran Court Allows Confiscation of US Oil in Response to Sanctions

By Editors | 10/03/2024

Proceeds from the confiscated oil will be used to compensate victims of a rare skin disease who have been unable to access certain medical items due to US sanctions.

Clearing & Post-Trade

US Fed Updates OpRisk Rules for Major Clearing Organisations

By Editors | 10/03/2024

Designated clearing and settlement utilities are required to establish an incident management framework and advance their cyber resilience capabilities.

Market Abuse

Thailand SEC Penalises 15 for Manipulating Stock Prices

By Mark Johnston | 08/03/2024

The individuals were collectively fined a total $1.82mn and prohibited from serving as directors or executives of any securities company for varying periods.

Trading & Investment

US SEC Enhances Disclosures on Order Execution Quality

By Editors | 08/03/2024

The amendments for the first time enable customers of larger broker-dealers to gain access to direct information about aggregate execution quality.

PEPs & Sanctions

US Authorities Explain Sanctions Obligations of Non-US Persons

By Manesh Samtani | 07/03/2024

DOJ, OFAC, and Commerce Department explain their enforcement authority and provide examples of actions already taken against non-US-based parties.

Cryptocurrency

US SEC Secures $275,000 Settlement from Crypto Firm ShapeShift

By Editors | 07/03/2024

SEC Commissioners Hester Peirce and Mark Uyeda issued a joint statement expressing disagreement with the enforcement action.

PEPs & Sanctions

OFAC Sanctions Two More Vessels for Supporting Houthis

By Editors | 07/03/2024

The sanctions also target Hong Kong-based and Marshall Islands-based companies, which own the two vessels.

Reporting & Disclosures

US SEC Adopts Mandatory Climate Disclosure Rules

By Manesh Samtani | 07/03/2024

The final rules allow large companies to report Scope 1 and 2 emissions only if they are material, and remove requirements to also disclose Scope 3 emissions.

Sustainable Finance

Philippine SEC Adopts Sustainable Finance Taxonomy

By Sanday Chongo Kabange | 06/03/2024

The SEC said issuers of securities should refer to the taxonomy when making investment decisions or designing sustainable financial products and services.