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ASIC: FAR To Display Whether Financial Advisers Can Provide Tax (Financial) Advice

Date 06/01/2023

• From 1 February 2023, ASIC’s Financial Advisers Register (FAR), published on Moneysmart, will display whether a financial adviser can provide tax (financial) advice services.
• To provide tax (financial) advice services to retail clients, a financial adviser must meet certain new requirements. Financial advisers who meet these requirements are known as ‘qualified tax relevant providers’ (QTRPs).
• Certain financial advisers are taken to be QTRPs under transitional provisions. FAR will generally display that these financial advisers can provide tax (financial) advice services.
• Australian Financial Services (AFS) licensees who authorise financial advisers who are not taken to be QTRPs will need to update the FAR to record whether their financial advisers can provide tax (financial) advice services. If an adviser’s record is not updated by 1 February 2023, the FAR will not display whether the adviser can provide tax (financial) advice services.

NZX Shareholder Metrics - December 2022

Date 06/01/2023

Please see attached NZX Shareholder Metrics for December 2022

Cboe Global Markets Reports Trading Volume For December And Full Year 2022

Date 05/01/2023

Cboe Global Markets, Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today reported December monthly and full year 2022 trading volume statistics and projected rate per contract/net revenue capture for the fourth quarter of 2022 across its global business lines.

MIAX Options And MIAX Pearl Options Update And Reminder For Planned Network Changes Related To Shared 10G ULL Extranet

Date 05/01/2023

As previously announced in the August 12, 2022 and November 8, 2022 Alerts, MIAX Options and MIAX Pearl Options will discontinue the current 10G ULL shared extranet access and will begin providing separate dedicated MIAX Options and Pearl Options 10G ULL extranets on January 20, 2023 after the market close.

CFTC Financial Data For Futures Commission Merchants Update

Date 05/01/2023

The latest reports for November 2022 are now available.

Intercontinental Exchange Reports December, Fourth Quarter And Full Year 2022 Statistics

Date 05/01/2023

• Energy Open Interest +5% y/y
• Total Futures & Options ADV +12% y/y in December; +6% y/y in 2022

New York Attorney General James Sues Former CEO Of Celsius Cryptocurrency Platform For Defrauding Investors - Alex Mashinsky Lied To Investors, Concealed Celsius’s Dire Financial Condition,And Failed To Register As Required By State Law

Date 05/01/2023

New York Attorney General Letitia James today filed a lawsuit against Alex Mashinsky, a co-founder and former CEO of cryptocurrency lending platform Celsius Network LLC and its related entities (Celsius), for defrauding hundreds of thousands of investors, including more than 26,000 New Yorkers, out of billions of dollars worth of cryptocurrency. The lawsuit alleges that Mashinsky repeatedly made false and misleading statements about Celsius’s safety to encourage investors to deposit billions of dollars in digital assets onto the platform. As Celsius lost hundreds of millions of dollars of assets in risky investments, Mashinsky misrepresented and concealed Celsius’s deteriorating financial condition. Mashinsky also failed to register as a salesperson for Celsius and as a securities and commodities dealer. Attorney General James’ lawsuit seeks to ban Mashinsky from doing business in New York and require him to pay damages, restitution, and disgorgement. 

Office Of The Comptroller Of The Currency Issues Annual Report For 2022

Date 05/01/2023

The Office of the Comptroller of the Currency (OCC) today published its 2022 Annual Report. The OCC Annual Report provides Congress with an overview of the condition of the federal banking system, discusses the OCC's strategic priorities and initiatives, and shares the agency’s financial management and condition.

SEC Charges Former BlackRock Portfolio Manager With Undisclosed Conflict Of Interest

Date 05/01/2023

The Securities and Exchange Commission today charged Randy Robertson, a former BlackRock Advisors, LLC portfolio manager, for failing to disclose a conflict of interest arising from his relationship with a film distribution company in which the fund he managed for BlackRock invested millions of dollars. To settle the charges, Robertson agreed to pay a $250,000 penalty.

Ontario Securities Commission Updates Service Standards To Return To Pre-Covid Timing For Review Of Prospectus Filings

Date 05/01/2023

The Ontario Securities Commission (OSC) today published an updated Service Commitment for prospectus filings. Given the current level of market activity, the OSC will return to the prior services standards for prospectus reviews on January 9, 2023, in advance of the full review of the Service Commitment for the next fiscal year.