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Regulation

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.

September 2, 2026

Regulation

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.

September 1, 2026

Regulation

The CFTC’s Perez order makes a speech draft inside information

CFTC Docket 26-06 orders a White House teleprompter operator to pay $172,539 for insider trading Kalshi mention markets on presidential speech drafts.

August 31, 2026

Regulation

ESMA splits the EU commodity position report before ITS 4 is law

From September 3 EU venues file two weekly commodity position reports under ESMA's v2.0 schema, while the ITS 4 amendment behind them stays unadopted.

August 30, 2026

Regulation

The CFTC’s compute derivatives notice is a manipulation brief

The CFTC's request for comment on compute derivatives, RIN 3038-AF77, asks whether an index its own suppliers administer can settle a futures contract.

August 29, 2026

Regulation

Australia’s swap rule discloses the client at 5%, the bank at 20%

ASIC Instrument 2026/482 counts cash-settled swaps at full notional from December 4, 2026: clients file at 5%, dealers only at 20% and not in a notice.

August 27, 2026

Regulation

UK’s critical third parties regime cannot fine AWS or Microsoft

HM Treasury designated AWS, Google Cloud, Microsoft and Oracle as Critical Third Parties from July 13, 2026 — but FSMA gives regulators no power to fine them.

August 26, 2026

Regulation

CFTC moves to end the SEF order-book rule for permitted swaps

The CFTC has proposed deleting the SEF order-book mandate for permitted transactions. What § 37.3(a)(2) changes, and how the EU and UK got there first.

August 25, 2026

Regulation

FCA finds three quarters of UK retail share trades are off-tick

The Financial Conduct Authority (FCA) has published its own evidence that at least three quarters of UK retail share trades are executed at prices that do not comply with the […]

August 24, 2026

Regulation

CRD VI ends reverse solicitation as an EU business model in 2027

From January 11, 2027 Article 21c of CRD VI forces third-country banks into authorised EU branches, leaving reverse solicitation as a route no firm can scale.

August 21, 2026

Regulation

Regulation Crypto Assets caps token raises and preempts states

The SEC's proposed Regulation Crypto Assets sets $5m and $75m offering limits, a conditional investment contract safe harbor and state law preemption.

August 20, 2026

Regulation

FinCEN’s $125m UBS order makes FX wire data a BSA duty

FinCEN's $125m UBS Financial Services penalty turns FX wire data lineage into an examinable BSA control, with a 180-day SAR lookback clock attached.

August 19, 2026

Regulation

Why CP26/23 splits UK CFD books into UK and non-UK clients

The FCA's CP26/23 would limit the Consumer Duty to UK-resident retail clients from Q1 2027, splitting CFD brokers' books and their fair value duties.

August 18, 2026

Regulation

The SEC-CFTC MOU adds 1,400 words and no enforceable duty

The March 11, 2026 SEC-CFTC MOU replaces the 2018 agreement and quadruples its examination language, but repeats the same clause creating no enforceable duty.

August 17, 2026

Regulation

FCA drops FX derivatives from UK transaction reporting by 2028

FCA Policy Statement PS26/15 removes FX derivatives from UK MiFIR transaction reporting and cuts fields from 65 to 52, effective 3 April 2028.

August 16, 2026

Regulation

CFTC’s conflicts proposal targets exchange-owned FCMs

The CFTC's Conflicts and Affiliations proposal (RIN 3038-AF76) sets conditions on exchanges that own FCMs or proprietary traders. Comments close October 5.

August 15, 2026

Regulation

Prop firm regulation: where the perimeter actually bites

Most prop firms sit outside financial regulation: traders are not clients, fees are not client money, accounts are simulated. Where the perimeter still bites.

August 14, 2026

Regulation

ESMA’s cross-border review names BaFin and CySEC, not brokers

ESMA's July 20 follow-up peer review graded six national supervisors of cross-border investment firms. BaFin and CySEC were told to do more, and CFD brokers sit under both.

August 13, 2026

Regulation

India’s offshore broker ban runs through FEMA, not SEBI

India's ban on offshore retail brokers runs through FEMA and the RBI, not SEBI. What is lawful, what GIFT City permits, and what enforcement really costs.

August 12, 2026

Regulation

Brazil’s 24-hour crypto hold starts at the deposit, not the exit

Brazil's Resolution BCB 584 clocks its 24-hour crypto hold from the deposit, not the withdrawal. The US$10,000 trigger, Article 6-A and five regimes compared.