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Category: Regulation

FINRA’s 145-day Rule 2165 hold leans on 2020 data from 31 firms

FINRA's SR-FINRA-2026-018 would stretch Rule 2165 holds to 145 business days and add a 10-day Rule 2166 fraud delay. SEC comments close September 30, 2026.

14 of the last 16 EU crypto licences went to German co-op banks

ESMA's register shows 14 of the last 16 EEA crypto authorisations went to German co-operative banks, each with one service and no cross-border passport.

ASIC’s digital asset licence window closes on 45 applications

ASIC's no-action relief for digital asset firms ends September 30 with over 45 licence applications lodged. What the letter requires and the real penalty.

SEC proposal would let a distributed ledger be the share register

The SEC's first substantial transfer agent rewrite in 40 years would let a blockchain hold the master securityholder file, but not make it the legal record.

SEC subpoena on ISS tests proxy adviser oversight limits

The SEC asked a Philadelphia federal court to force ISS, its own registered investment adviser, to produce ProxyExchange voting data. ISS invokes the First Amendment.

Annex 1 registration is now an FCA gate, not a formality

The FCA is scrutinising Annex 1 registrations under the Money Laundering Regulations 2017: refusal, cancellation, and how the UK, Ireland, EU and US compare.

SEC pay-to-play rescission would end rule 206(4)-5 timeout

The SEC's September 3 proposal (IA-6994, File S7-2026-31) would rescind rule 206(4)-5, ending the two-year compensation timeout on adviser contributions.

Rule 611 bound the venues, best execution binds only brokers

FINRA Notice 26-15 asks how best execution survives the repeal of Rule 611, but Rule 611 binds trading centers and Rule 5310 binds only FINRA members.

Dolfin’s £25.2m visa scheme drew £446,800 in FCA fines

The FCA fined two former Dolfin executives £446,800 and banned them over a £25.2m visa scheme. A third co-founder contests his ban at the Upper Tribunal.

Australia’s scam liability regime stops at the banking charter

Australia's Scams Prevention Framework entered phase two on September 1, 2026, but its banking perimeter follows prudential charter, not scam exposure.

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