SEC marketing rule and FCA gateway converge on endorsements

SEC marketing rule and FCA gateway converge on…

Three of the world's largest financial regulators have arrived at the same enforcement target — the compensated endorsement — by three incompatible routes. The United States polices it after publication under the SEC Marketing Rule,…

Why ESMA's CFD conflicts sweep leaves prop trading untouched

Why ESMA’s CFD conflicts sweep leaves prop trading…

The European Securities and Markets Authority (ESMA) has made conflicts of interest at investment firms the subject of its 2026 Common Supervisory Action (CSA), pulling Contract-for-Difference (CFD) brokers into coordinated, on-site inspection across all 27…

UK bond tape runs live as the EU finishes picking providers

UK bond tape runs live as the EU…

The European Union completed its consolidated tape lineup on July 6, 2026, when the European Securities and Markets Authority (ESMA) selected Etrading Software (Netherlands) B.V. for over-the-counter (OTC) derivatives — but none of the three…

MiCA cliff: 210 firms authorised, 990 must wind down

MiCA cliff: 210 firms authorised, 990 must wind…

The Markets in Crypto-Assets Regulation (MiCA) transitional period closed on July 1, 2026, and roughly 210 firms hold full authorisation against more than 1,200 that previously operated on national crypto registrations across the European Union…

FCA finalises UK crypto rules and refuses to copy MiCA

FCA finalises UK crypto rules and refuses to…

The Financial Conduct Authority (FCA) published the final rules for the United Kingdom's cryptoasset regime on June 30, 2026, cutting stablecoin capital from 2% to 1%, building a bespoke market-abuse regime, and explicitly refusing to…

ASIC's $300m CFD penalty lands as retail rules diverge in 2026

ASIC’s $300m CFD penalty lands as retail rules…

Retail contracts-for-difference (CFD) regulation is entering a divergence year. Australia's product intervention order sunsets in May 2027 with an industry consultation due in 2026, Cyprus is tightening notional caps, and the European Union's regime is…

Prop trading regulation diverges as CFTC acts, ESMA waits

Prop trading regulation diverges as CFTC acts, ESMA…

Retail proprietary-trading firms — the "funded trader" challenge industry — now face opposite regulatory trajectories on either side of the Atlantic: US firms are voluntarily registering with the Commodity Futures Trading Commission (CFTC) and National…