Securities & Markets

CONSOB Consultation on Issuer and Market Regulations

CONSOB has launched a market consultation on proposed amendments to regulations concerning issuers, markets, and related parties. Key changes include raising the internal dealing communication threshold and simplifying prospectus and offering procedures to reduce burdens while protecting investors. The consultation period ends on April 7, 2026.

FMC Commission Meeting Announcement

The Federal Maritime Commission (FMC) announced a public commission meeting scheduled for January 25, 2023. The meeting was streamed live on YouTube, allowing public access to the proceedings.

FMC Meeting on Ocean Shipping Reform Act

The Federal Maritime Commission (FMC) issued a reminder regarding a meeting scheduled for September 21, 2022, to discuss the Ocean Shipping Reform Act. The notice was posted on May 10, 2024.

ASIC Warns Gen Z on Social Media Financial Advice Risks

ASIC has issued a warning to young Australians (Gen Z) about the risks of relying on social media and AI for financial advice. New research indicates a significant portion of Gen Z trusts these sources, leading to riskier financial decisions, particularly concerning cryptocurrency investments.

Macquarie Securities Fined $35 Million for Short Sale Misreporting

The Supreme Court of New South Wales has ordered Macquarie Securities (Australia) Limited (MSAL) to pay a $35 million penalty for systemic failures in reporting tens of millions of short sales over more than a decade. The court also found MSAL engaged in misleading conduct related to the misreporting.

IPEC Final Rule on Freedom of Information Act and Privacy Act

The Office of the Intellectual Property Enforcement Coordinator (IPEC) has issued its final rule implementing the Freedom of Information Act (FOIA) and the Privacy Act. This rule details how to submit FOIA requests to IPEC, how IPEC processes them, and outlines IPEC's Privacy Act policies and procedures for accessing and amending records.

IPEC Correction to FOIA Privacy Act Rule

The Intellectual Property Enforcement Coordinator (IPEC) has issued a correction to a previously published rule concerning FOIA and Privacy Act provisions. This correction amends specific text related to the issuance and chapter heading within title 5 of the Code of Federal Regulations.

IPEC Proposed Rule on Freedom of Information Act and Privacy Act

The Office of the Intellectual Property Enforcement Coordinator (IPEC) is proposing new regulations to implement the Freedom of Information Act (FOIA) and the Privacy Act. The proposed rule outlines procedures for making FOIA requests and details IPEC's Privacy Act policies and procedures for accessing and amending records.

SFC Hong Kong Announces Enforcement Actions: Fines, Jailings, Asset Freezes

The SFC Hong Kong has announced multiple enforcement actions, including significant fines against EFG Bank AG ($10.85 million) and Saxo Capital Markets HK Limited ($4 million), and Kylin International (HK) Co., Limited ($9 million). Several individuals have been jailed or disqualified for offenses such as false trading and insider dealing, with asset freezes totaling over $200 million obtained in various cases.

SEC - Archer-Daniels-Midland Co. Waiver Request for Ineligible Issuer Status

The SEC is considering a waiver request from Archer-Daniels-Midland Co. (ADM) to maintain its Well-Known Seasoned Issuer (WKSI) status, despite a recent settlement for violations of securities laws. ADM seeks to avoid being classified as an 'ineligible issuer' for three years following the settlement.