News Centre

UK Financial Conduct Authority Proposes Help For Motor Finance And High Cost Credit Customers

Date 17/04/2020

The FCA has today announced another proposed package of measures to directly support consumers facing payment difficulties due to coronavirus (Covid-19). The range of targeted temporary measures cover motor finance and high cost credit agreements, which include: high-cost short-term credit (including payday loans), buy-now pay-later (BNPL), rent-to-own (RTO) and pawnbroking.

SGX Enhances Business Processes And Encourages Greater Use Of Online Services Amid COVID-19

Date 17/04/2020

• CDP Customer Service Centre will be closed from 18 April 2020 until further notice. All services will be provided through internet, phone and mail.   
• SGX will minimise face-to-face interaction between investors, member firms and SGX staff.

Monetary Authority Of Singapore Urges Customers To Minimise Visits To Premises Of Financial Institutions

Date 17/04/2020

The Monetary Authority of Singapore (MAS) has urged customers of financial institutions (FIs) to minimise visits to their premises during the current circuit breaker period. This is in line with the guidance issued by the Ministry of Health (MOH) on 14 April 2020 to minimise people moving around.

Japan Financial Services Agency: Information On COVID-19 (Novel Coronavirus)

Date 17/04/2020

Update of the English website may take a little time. For the latest information, please refer to our Japanese website.

Financial Services Regulatory Authority And Ontario Securities Commission Provide Update On Syndicated Mortgage Investments

Date 16/04/2020

The Financial Services Regulatory Authority (FSRA) and the Ontario Securities Commission (OSC) are notifying market participants about new timing for the transfer of regulatory oversight of certain syndicated mortgage investments to the OSC.

IIROC Extends Implementation Of Its Plain Language Rulebook - Regulator Will Also Revise Deadlines To Harmonize Its Rules With The CSA's Client Focused Reforms

Date 16/04/2020

The Investment Industry Regulatory Organization of Canada (IIROC) will revise its implementation dates for key initiatives, to coincide with plans from the Canadian Securities Administrators (CSA) to extend implementation deadlines as a result of the COVID-19 pandemic.

New York State Department Of Financial Services Announces Temporary Regulatory Relief For New York-Chartered Financial Institutions During Covid-19 Pandemic

Date 16/04/2020

The New York State Department of Financial Services (DFS) today announced that it has published an Order to provide temporary regulatory relief for New York-chartered financial institutions. This action represents the continuation of DFS’ efforts to provide relief from statutory and administrative regulatory requirements as the COVID-19 pandemic presents unforeseen challenges in complying with certain obligations under New York Banking Law and New York Financial Services Law.  

FIA: Q1 Global Futures And Options Volume Jumps 43.2% To Record 11.41 Billion Contracts

Date 16/04/2020

FIA today released data for global futures and options trading in the first quarter of 2020 that shows the total number of contracts traded on derivatives exchanges worldwide rose to 11.41 billion, an all-time quarterly record and an increase of 43.2% over the first quarter of 2019.

Canadian Securities Administrators Adjust Implementation Date For Client Focused Reforms

Date 16/04/2020

The Canadian Securities Administrators (CSA) today published a relief order that provides registrants with an additional six months to comply with the conflicts of interest provisions in the Client Focused Reforms. Registrants will now have until June 30, 2021 to implement these changes.

CFTC Charges Florida Man And His Companies In Fraudulent Forex And Digital Asset Scheme

Date 16/04/2020

The Commodity Futures Trading Commission today filed a complaint in the U.S. District Court for the Middle District of Florida, charging defendants Alan Friedland of Florida and his Florida-based companies, Fintech Investment Group, Inc. (Fintech) and Compcoin LLC, with fraudulently soliciting more than $1.6 million from their customers in connection with a leveraged or margined off-exchange foreign currency (forex) scheme.