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Fintech / Regtech
US Agencies Probe Chinese Payment Terminal Maker PAX
By Manesh Samtani | 28/10/2021
PAX Global Technology is reportedly under investigation over allegations from a US payment processor that its terminals are being used to stage cyberattacks.
Market Infrastructure
US SEC Publishes Findings from Meme Stock Review
By Editors | 26/10/2021
SEC staff concluded that US markets functioned well and dislocations caused by short-selling were not the main cause of the extreme volatility in GameStop.
Enforcement
CFTC Pays Record-breaking $200m Whistleblower Award
By Editors | 24/10/2021
The award is the largest whistleblower payout on record, and for the first time includes an amount based on sanctions collected by a foreign regulator.
Securities / Derivatives
US Fed to Bar Officials from Buying Individual Stocks, Bonds
By Editors | 23/10/2021
Fed policymakers and senior staff will be limited to purchasing diversified investment vehicles, such as mutual funds.
AML / KYC
US Signals More Balanced Approach to Sanctions Policy
By Manesh Samtani | 23/10/2021
The US will move to a sanctions policy that is more clearly linked to policy objectives and reduces harm caused to individuals and businesses.
Market Infrastructure
US Regulators Publishes Guidance on ‘Orderly’ LIBOR Transition
By Sanday Chongo Kabange | 21/10/2021
A draw on an existing agreement that is legally enforceable, such as a committed credit facility, would not be viewed as a new contract.
Securities / Derivatives
Thai SEC Consults on Three-tiered Investments by Funds
By Pongnut Thanaboonchai | 21/10/2021
The SEC is consulting on whether to allow mutual funds to make three-tiered investments in funds under the same company’s management.
Crypto / Digital Assets
NYSE Launches First US ETF Linked to Bitcoin with SEC Approval
By Sanday Chongo Kabange | 21/10/2021
The ProShares bitcoin ETF had almost $1bn in turnover on the first trading day, after receiving a green light from the SEC last week.
Enforcement
CFTC Fines Tether as US Regulators Scrutinise Crypto Markets
By Mark Johnston | 21/10/2021
The CFTC has fined Tether $41mn and Bitfinex’s parent $1.5mn. Meanwhile New York prosecutors have directed two crypto lending platforms to cease operations.
Thai SEC to Collaborate with Environmental Organisations
By Pongnut Thanaboonchai | 20/10/2021
The collaboration will aim to promote good governance, while encouraging businesses to take into account social and environmental considerations.
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