News Centre

Plenitude Launches ClientSight, Financial Crime Client Risk Rating Solution - Following The Initial Deployment Of ClientSight To HLB, A Global Network Of Independent Advisory And Accounting Firms

Date 16/06/2022

Plenitude, the Financial Crime, Risk and Compliance specialists today launched Plenitude ClientSight, a comprehensive, cloud-based Client Risk Rating (CRR) solution.

Hong Kong Securities And Futures Commission Reprimands And fines China Everbright Securities (HK) Limited $3.8 Million For Breaches Of Anti-Money Laundering Regulatory Requirements

Date 16/06/2022

The Securities and Futures Commission (SFC) has reprimanded and fined China Everbright Securities (HK) Limited (CESL) $3.8 million for failures in complying with anti-money laundering and counter-terrorist financing (AML/CFT) regulatory requirements (Note 1).

Bosonic Continues To Grow Senior Team, Appoints Industry Expert As Client Solutions Director - Bolsters Leadership Of New Cross-Custodian Net Settlement Working Group

Date 16/06/2022

Bosonic, a decentralized Financial Market Infrastructure (dFMI) business, has today announced the appointment of Yvo van Amerongen into the role of Client Solutions Director.

ASIC Update At The Financial Services Council Member Webinar - Speech By ASIC Deputy Chair Karen Chester At The Financial Services Council Member Webinar, Thursday 16 June 2022.

Date 16/06/2022

Good morning everyone.

Thank you to the Financial Services Council for the opportunity to speak with you today.

Japan Exchange Group: Cancellation Of Nomination Of Candidate For Governor

Date 16/06/2022

Japan Exchange Group, Inc. (JPX) today announces that it has decided to cancel the nomination of the following new candidate for governor which was announced in "Candidates for Directors, etc." (published on April 26, 2022).

New Zealand Investor Confidence Dips Back To Pre-COVID Levels

Date 16/06/2022

Confidence in New Zealand’s financial markets has slipped back in the past 12 months, after last year’s record score, but overall, two-thirds of investors remain confident.

Statement On Request For Comment On Certain Information Providers Acting As Investment Advisers, SEC Commissioner Caroline A. Crenshaw, June 15, 2022

Date 15/06/2022

Today, we have issued a request seeking comment on the activities of “information providers” – namely, index providers, model portfolio providers, and pricing service providers – and how our framework for registering and regulating investment advisers should apply to those providers (if at all). I want to encourage market participants to comment.

SEC Requests Information And Comment On Advisers Act Regulatory Status Of Index Providers, Model Portfolio Providers, And Pricing Services - Commission Seeking Public Comments Regarding “Information Providers” Acting As “Investment Advisers”

Date 15/06/2022

The Securities and Exchange Commission today announced that it is requesting information and public comment on matters related to the activities of certain “information providers,” including whether, under particular facts and circumstances, information providers are acting as “investment advisers” under the Investment Advisers Act of 1940 (“Advisers Act”). The Request specifically focuses on index providers, model portfolio providers, and pricing services.

Statement On Request For Comment On Certain Information Providers, SEC Chair Gary Gensler, June 15, 2022

Date 15/06/2022

Today, the Commission voted to issue a request for comment to help determine which “information providers,” such as index providers, model portfolio providers, and pricing services, might come under the Commission’s definition of an investment adviser. The role of these information providers in today's markets raises important questions under the securities laws as to if they are providing investment advice rather than merely information. I am pleased to support this request because it will help inform our consideration of when—and under what facts and circumstances—these providers are giving “investment advice.”

On The Spot: Remarks At “Regulatory Transparency Project Conference On Regulating The New Crypto Ecosystem: Necessary Regulation Or Crippling Future Innovation?” - SEC Commissioner Hester M. Peirce, June 14, 2022

Date 15/06/2022

The topic of today’s event is “regulating the new crypto ecosystem.” It is a hot topic of conversation in Washington, DC. The conversation reminds me of a book for toddlers, Are You My Mother? In that book, a newly hatched bird searches for his mother. He asks a cat, dog, hen, cow, and front-end loader, each of which disappoints the baby bird with the news that it is not the baby bird’s Mom. Rest assured, baby bird and his actual mother are finally reunited. The crypto industry seems to be on a similar journey; only it is not looking for a mother, but is out looking for its regulator. In a bureaucratic twist on the story in the children’s book, in our story, every agency claims to be the regulator. So crypto is looking to Congress to decide who ought to regulate it. A bipartisan bill announced last week attempts to answer that question.[2] Some people in the crypto industry are celebrating the allocation of certain authorities to the Commodity Futures Trading Commission (“CFTC”) instead of the Securities and Exchange Commission (“SEC”). This view is likely rooted in a disappointment that the SEC has not used more proactively the authorities it already has to sensibly regulate crypto. I understand and share that disappointment, but I am hopeful that we can change course and use our existing and any prospective authorities wisely.