Regulations
The latest forex, CFD, and trading-related regulatory updates.
FCA proposes narrowing Consumer Duty scope for non-UK wholesale firms
The FCA has proposed narrowing the Consumer Duty’s scope for wholesale firms, including excluding certain non-UK business from the regime.
By Simon Mugo
CFTC and SEC seek feedback on harmonizing portfolio margin rules
The CFTC and SEC have launched a joint consultation on aligning portfolio margin rules across securities and derivatives markets.
By Simon Mugo
CFTC proposes event-contract reporting rules to replace no-action relief
The CFTC has proposed new reporting rules for event contracts, replacing a no-action letter framework with a dedicated regulatory reporting regime.
By Simon Mugo
FCA proposes listing rule changes for UK investment trusts
The FCA has proposed targeted listing rule changes for investment trusts, focusing on conflicts of interest, board independence and shareholder rights.
By Simon Mugo
ASIC widens Shield Master Fund investigation while supporting investors
ASIC widened its Shield Master Fund investigation as it continues efforts to recover investor funds and support more than 5,800 affected investors.
By Simon Mugo
FCA brings BNPL into regulation with complaints, affordability, and support rights
The FCA will regulate Buy Now Pay Later from 15 July, introducing affordability checks, complaint rights and stronger protections for UK consumers.
By Simon Mugo
FCA opens APR consultation in wider consumer credit rule overhaul
The FCA has opened a consultation on APR rules as part of wider consumer credit reforms, ahead of BNPL regulation and other planned changes.
By Simon Mugo
SEC names Kathleen Hutchinson permanent director of international affairs
The SEC has appointed Kathleen Hutchinson as Director of its Office of International Affairs after she served as acting head since January 2025.
By Simon Mugo
FCA approves first UK natively tokenised fund, sets AI regulatory direction
FCA chief Nikhil Rathi used a London speech to announce the approval of Baillie Gifford and BNY Mellon’s tokenised fund and outline how the regulator plans to supervise AI in financial services.
By Simon Mugo
FCA probes 11 commodity day traders over possible information-sharing cartel
The FCA is weighing commitments by 11 day traders in commodity futures, including a £1m payment, due to potential information sharing and strategy coordination.
By Simon Mugo
SEC charges Justin Jennings, Vortex Strategies in $2.7 million insider trading case
The SEC alleges Justin Jennings used his romantic partner’s work laptop to access confidential corporate information, then traded ahead of public announcements.
By Simon Mugo
MiCA hard deadline on 1 July puts institutional counterparty risk in focus
ESMA says unauthorised crypto-asset service providers must stop serving EU clients after 1 July. Kraken is framing the deadline as a counterparty and audit risk issue for institutions.
By Simon Mugo
CFTC seeks comments on 24/7 futures trading and energy perpetuals
The US CFTC has opened a formal comment process on whether standard futures should trade around the clock and whether to allow perpetual contracts for crude oil.
By Simon Mugo
FCA proposes clearer due diligence and asset-handling standards for SIPP operators
The UK regulator has launched a consultation on tighter standards for SIPP operators, citing historical cases of poor due diligence and gaps in how firms protect pension money and assets.
By Simon Mugo
FCA launches UK’s first bond consolidated tape with ETS Connect UK
The FCA just launched a single, real-time source of post-trade data for the first time, with 98% coverage of in-scope trading at launch, operated by ETS Connect UK.
By Simon Mugo
ASIC charges Gold Coast property developer over alleged $10 million fraud scheme
David McWilliams faced court on Monday over allegations that $10 million in investor funds were diverted into high-risk crypto, property deals, and a luxury car.
By Simon Mugo
FCA sets crypto gateway timetable, cancels 5Star Vehicle Solutions permission
The FCA published an updated cryptoasset gateway guidance outlining how firms can enter the new regime, while stripping a Welsh firm of its Part 4A permission.
By Simon Mugo
Former Metigy CEO David Fairfull sentenced to nine years for investor fraud
Australia’s Federal Court jailed David Fairfull after he pleaded guilty to making false revenue claims and using $7.7m in company funds for personal purchases.
By Simon Mugo
Court finalizes permanent trading ban for Celsius founder Alexander Mashinsky
A federal court in New York entered a consent order resolving the CFTC’s civil fraud case against the Celsius Network founder, permanently barring him from markets.
By Simon Mugo
ASIC bans Brett Anthony Newbound for 10 years, cancels Freedom Wealth Services licences
Australia’s ASIC removed both the AFS licence and credit licence of Freedom Wealth Services Pty Ltd while banning its adviser from the industry for a decade.
By Simon Mugo