regulation

USA regulator FINRA says "The SEC's Regulation M is designed to prevent manipulation by individuals with an interest in the outcome of an offering, and prohibits activities and conduct that could artificially influence the market for an offered security."

The decision, says the SEC, fulfils the desire of Congress after the 2008 (sic) financial crisis to reduce reliance on the primary credit reference agencies.

The notice will be published in the Federal Register and will come into force 60 days thereafter.

As an global association of more than 1,000 participants in markets, the The International Swaps and Derivatives Association is influential and when it issues material it carries weight outside its own area of concern. So when it has published The ISDA Digital Asset Derivatives Definitions. It makes sense to pay attention, even if you aren't in swaps or derivatives.

John Ho discusses the Regulation on Markets in Crypto-Assets or MiCA.

This article is going to make a lot of people very angry. Sadly, those that are going to be angry are those that have been found out; those that should be angry - the consumers who have been misled and the tax payers who have supported the rampant charge into FinTech support by regulators and, even, the banks who have had their business models and even management plans disrupted, in the true sense of the word, by the host of millennial-targeting banks that pretended they were not banks, supported in that subterfuge by regulators - are not going to be angry.

In his blog (here), Nigel Morris-Cotterill talks of chickens coming home to roost, a lack of attention by regulators too anxious to become FinTech hubs and the constraints on prudential management of FinTechs operating across borders, especially under the EU's central regulatory regime.

A financial adviser has closed its "artificial intelligence" driven advisory system. The quality of advice and the supervision of the system were both causes for concern by the regulator in a landmark case about the deployment of computer-driven, what used to be called "expert", systems with implications across the entire spectrum of financial and other services including customer due diligence in relation to financial crime risk management. It's a potential game-changer for the rapid rise of lightly regulated fintechs.

Following consultation on a number of proposed legislative changes that were set out in Consultation Paper No. 124 the Dubai Financial Services Authority Board, after due consideration of consultees’ comments, made amendments to the DFSA Rulebook as described below. The amendments come into force on 1 July 2019.

In a speech to a conference on the 12 March, 2019, to mark the 20th Anniversary of the Financial Stability Institute, Mr Agustin Carstens, General Manager of the Bank for International Settlements, set out what the FSI has achieved and objectives for the future.

Issued under its Regulations and Financial Stability area, the new MAS form is a part of the Regulations and Guidance and Licensing function in relation to the securities, futures and funds market segment.

It covers those applying to become a recognised exchange or market operator, including those in the FinTech sector.