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SFC and HKMA Joint Statement on Stablecoin Market Movements

The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) issued a joint statement on August 14, 2025, addressing recent market movements related to stablecoins. The statement urges caution among investors and reminds market participants to communicate responsibly.

SFC and HKEX Launch Technology Enterprises Channel

The Securities and Futures Commission (SFC) and Hong Kong Exchanges and Clearing Limited (HKEX) have launched a new Technology Enterprises Channel (TECH) to facilitate listing applications from specialist technology and biotech companies. This initiative includes a new confidential filing option and updated guidance on listing requirements.

ESMA Consultation on EMIR 3 Draft RTS on Participation Requirements

The European Securities and Markets Authority (ESMA) has opened a consultation on draft Regulatory Technical Standards (RTS) for participation requirements under EMIR 3. The consultation seeks feedback from interested stakeholders, including central counterparties (CCPs) and their participants, on the proposed rules.

ESMA Consultation on EMIR 3 Post-Trade Risk Reduction Standards

The European Securities and Markets Authority (ESMA) has launched a consultation on proposed regulatory standards for post-trade risk reduction services under EMIR 3. The consultation seeks feedback from financial and non-financial counterparties, service providers, and central counterparties.

ESMA/EBA Consultation on Suitability Guidelines for Management Body Members

ESMA and EBA have launched a consultation on new draft guidelines for assessing the suitability of management body members and key function holders. The consultation period is open until May 25, 2026, and seeks feedback on proposed changes to investor protection standards.

ESMA Consultation on CCP Collateral and Investment Policy

The European Securities and Markets Authority (ESMA) has launched a consultation on proposed changes to rules regarding guarantees as CCP collateral and certain aspects of CCP investment policy. The consultation period is open until April 30, 2026, and seeks input from all interested stakeholders, particularly central counterparties (CCPs), clearing members, and their clients.

ESMA Consultation on MAR Guidelines for Delaying Inside Information Disclosure

The European Securities and Markets Authority (ESMA) has launched a consultation on new Market Abuse Regulation (MAR) guidelines concerning the delay in disclosing inside information. The consultation period runs until April 29, 2026, and is open to all interested stakeholders.

Consumer Leasing Regulation M Final Rule - Threshold Update

The Consumer Financial Protection Bureau (CFPB) has finalized amendments to Regulation M, increasing the dollar threshold for exempt consumer leases from $71,900 to $73,400, effective January 1, 2026. This adjustment is mandated annually based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W).

CFPB Final Rule: 2026 Maximum Charge for FCRA Disclosures

The Consumer Financial Protection Bureau (CFPB) issued a final rule establishing the maximum allowable charge for Fair Credit Reporting Act (FCRA) disclosures for the 2026 calendar year. This annual adjustment is required by the FCRA.

CFPB Rescinds Adjudication Rule Amendments

The Consumer Financial Protection Bureau (CFPB) has rescinded amendments made in 2022 and 2023 to its Rules of Practice for Adjudication Proceedings. This action reverses changes related to depositions, timing, bifurcation, dispositive motions, and issue exhaustion, with some narrow exceptions for clarificatory changes.

HPML Appraisal Exemption Threshold Increased to $34,200

The CFPB, OCC, and Federal Reserve have finalized amendments to the Truth in Lending Act (TILA) regulations, increasing the exemption threshold for higher-priced mortgage loan (HPML) appraisals. Effective January 1, 2026, the threshold will rise from $33,500 to $34,200, adjusted annually based on the CPI-W.

Truth in Lending Regulation Z Threshold Increase

The Consumer Financial Protection Bureau (CFPB) has finalized an amendment to Regulation Z, increasing the dollar threshold for exempt consumer credit transactions. Effective January 1, 2026, the threshold will rise from $71,900 to $73,400, adjusted annually based on the Consumer Price Index.

CFPB Archive of Closed Notices

The Consumer Financial Protection Bureau (CFPB) has archived a list of past notices that are no longer open for public comment. This archive includes various types of rulemaking notices, such as advance notices of proposed rulemaking, and provides links to the full text of these documents.

CFPB Draft Strategic Plan FY 2026-2030 Public Comment

The Consumer Financial Protection Bureau (CFPB) is seeking public feedback on its draft Strategic Plan for Fiscal Years 2026-2030. This notice invites comments on the Bureau's mission, strategic goals, and objectives for the upcoming four-year period.

CFPB Guidance on Commenting on Bureau Notices and Regulations

The Consumer Financial Protection Bureau (CFPB) has updated its guidance on how the public can submit comments on Bureau notices and regulations. The document clarifies procedures for submitting comments, what types of comments are generally posted publicly, and what information should be excluded.

CFTC Staff Letters Offer Guidance on Regulatory Matters

The Commodity Futures Trading Commission (CFTC) provides access to staff letters offering guidance on various regulatory matters. These letters, available from 2008 onwards, cover a wide range of topics and regulations relevant to market participants.

CFTC Staff Letters and Guidance

The Commodity Futures Trading Commission (CFTC) provides access to its staff letters and guidance documents issued from 2008 onwards. This resource is intended to offer clarity and interpretation on various regulations under the CFTC's purview.

CFTC Staff Letters on No-Action Positions

The CFTC has published staff letters providing no-action positions on various regulations. These letters offer guidance and relief to market participants regarding specific regulatory requirements. The CFTC staff letters are available on their website for review.

CFTC Staff Letters on Digital Assets

The CFTC has published staff letters providing regulatory guidance on digital assets. These letters offer interpretations and no-action relief related to various regulations under the Commodity Exchange Act. They are intended to assist market participants in navigating compliance requirements.

CFTC Exempts Senior Employees from QEP Requirements

The CFTC has issued guidance exempting certain senior employees from the definition of 'Qualified Eligible Person' (QEP) under CFTC regulations. This exemption applies to individuals who meet specific compensation and experience criteria, aiming to reduce regulatory burdens for market participants.

SEC Order Directs Disgorgement of Fair Fund for Boeing and Muilenburg

The SEC has ordered the disbursement of a $218,239,227.18 Fair Fund to harmed investors in the Boeing and Muilenburg case. This follows the approval of a distribution plan and the processing of investor claims.

SEC Order Directs Fair Fund Disbursement for Valeant

The SEC has issued an order directing the disbursement of $43,333,356.49 from a Fair Fund to harmed investors in the matter of Valeant Pharmaceuticals International, Inc. (n/k/a Bausch Health Companies, Inc.). The order follows the approval of a distribution plan after no comments were received during the public comment period.

SEC Commissioner Peirce Discusses Disclosure, Proxy Voting, and Tokenization

SEC Commissioner Hester M. Peirce delivered remarks at the Investor Advisory Committee meeting on March 12, 2026. She discussed public company disclosure reform, the challenges funds face in obtaining quorum for proxy votes, and the implications of tokenization.

SEC Chairman Remarks on Disclosure, Tokenization, and Innovation

SEC Chairman Paul Atkins discussed potential regulatory approaches to disclosure burdens, corporate governance, and the tokenization of securities. He indicated the Commission may consider an innovation exemption for trading certain tokenized securities.

SEC Commissioner Uyeda Remarks on Treasury Clearing Rule

SEC Commissioner Mark T. Uyeda discussed the Treasury Clearing Rule and its implementation timeline. The rule, originally mandated in December 2023, has compliance deadlines of December 2025 for cash transactions and June 2026 for repo transactions, with ongoing efforts to provide clarity and guidance to market participants.

SEC Commissioner Atkins on SEC-CFTC Regulatory Harmony

SEC Commissioner Paul S. Atkins delivered a speech on March 10, 2026, discussing the importance of regulatory harmony between the SEC and CFTC. The speech highlighted how regulatory friction increases costs and reduces liquidity, advocating for a more coherent approach to benefit American investors and businesses.

SEC Commissioner Uyeda Remarks on Disclosure, Proxy Voting, and Tokenization

SEC Commissioner Mark T. Uyeda delivered remarks on March 12, 2026, discussing ongoing reviews of Regulation S-K disclosure requirements and challenges in fund proxy voting. The speech also touched upon the potential impact of tokenization on equity securities and the need for regulatory evolution.

Consob Mourns Passing of Former President Lamberto Cardia

The Italian National Commission for Companies and the Stock Exchange (Consob) has issued a notice expressing its condolences for the passing of former President Lamberto Cardia, who served from 2003 to 2010. The notice highlights his significant contributions to strengthening Consob's role and Italian financial markets.

NYSE Arca Rule Change for Fees and Charges

NYSE Arca has filed a proposed rule change with the SEC to amend its Equities Fees and Charges. The change involves adopting a cap to the credit payable under Step Up Tier 3 of its pricing table, effective March 2, 2026. This aims to adjust fees in a competitive market environment.

NYSE Arca Rule Filing SR-NYSEARCA-2026-23: Fee Increase for Tape B Securities

NYSE Arca has filed a proposed rule change to amend its Equities Fees and Charges schedule. The filing increases fees for executions of orders that remove liquidity from the Exchange in Tape B securities priced at or above $1.00 per share. The proposed change is effective March 2, 2026.

NYSE Arca Options Fee Schedule Modification Proposal

NYSE Arca has proposed modifications to its Options Fee Schedule, specifically concerning the introduction of new fees for certain order types and the adjustment of existing ones. The proposal outlines specific fee amounts and the conditions under which they will apply, aiming to align with market practices and operational costs.

NYSE Arca Proposes Options Rule Changes for Bitcoin/Ethereum ETFs

NYSE Arca has filed proposed rule changes with the SEC concerning options trading on Bitcoin and Ethereum ETFs. These changes aim to align with existing ETF listing standards and provide a framework for options on physically-backed crypto ETFs.

NYSE Arca Rule Filing: Elimination of Outdated Publication Obligations

NYSE Arca has filed a rule proposal to eliminate outdated publication obligations related to its listing standards. This change aims to streamline reporting requirements and remove redundant provisions from its rulebook. The filing was submitted to the SEC for review.

Nasdaq Noncompliant Company List and SEC Rules

Nasdaq publishes a daily list of companies that are noncompliant with continued listing standards or pending delisting. This list aids brokers and dealers in complying with SEC Penny Stock Rules, specifically SEC Rule 3a51-1(g). Companies are added or removed daily based on compliance status and trading data.

Nasdaq Rulebook Availability and Search

Nasdaq has announced the availability of its Rulebook through an advanced search function on its listing center website. This update provides listed companies and interested parties with enhanced access to Nasdaq's regulatory rules and guidance.

Nasdaq Disciplinary Actions by Firm

Nasdaq has published a list of disciplinary actions taken against various firms, including IMC Chicago, Instinet, LLC, and Virtu Americas LLC, with dates ranging from late 2025 to early 2026. These actions are part of Nasdaq's ongoing market regulation and enforcement activities.

Nasdaq Issues Pending Suspension or Delisting

Nasdaq publishes daily lists of companies pending suspension or delisting due to failure to meet listing requirements or voluntary delisting intentions. This information helps brokers and dealers comply with SEC Penny Stock Rules.

SFC Enforcement: Retail Trader Sentenced for False Trading

The Securities and Futures Commission (SFC) announced that a retail trader has been sentenced in a false trading case. This action highlights the SFC's commitment to maintaining market integrity and deterring manipulative trading practices.

SFC Obtains Compensation and Disqualification Orders

The Securities and Futures Commission (SFC) has successfully obtained compensation and disqualification orders against individuals involved in misconduct. These orders aim to protect investors and maintain market integrity by holding wrongdoers accountable.

SFC Bans Andy Lau Ka Ho for Life

The Securities and Futures Commission (SFC) has banned Andy Lau Ka Ho from the industry for life following findings of misconduct. This action stems from his involvement in the IPO of a company where he acted as a sponsor.

Capital Mining Limited Directors' Charges Discontinued

The Office of the Director of Public Prosecutions (Cth) has discontinued charges against former Capital Mining Limited directors Peter Dykes, Anthony Dunlop, and Peter Torney. ASIC considers the matter finalised following this decision.

ASIC Disqualifies Simon Raftery from Managing Corporations

The Australian Securities and Investments Commission (ASIC) has disqualified Simon Raftery from managing corporations for two and a half years due to his involvement in five failed companies. These companies owed approximately $43 million to creditors.

ASIC Disqualifies Director for Five Years Over 20 Company Failures

The Australian Securities and Investments Commission (ASIC) has disqualified Vincenzo Frank Tesoriero from managing corporations for five years due to his involvement in the failure of 20 companies. The disqualification stems from findings of improper conduct, including facilitating fraudulent transactions and mismanaging company funds.

ASIC bans financial adviser Raluca Terheci for six years

The Australian Securities and Investments Commission (ASIC) has banned financial adviser Raluca Terheci from providing financial services for six years. ASIC found she provided inappropriate advice and made false and misleading statements to clients regarding high-risk investments.

Remedy Housing Officers Sentenced for Dishonesty Offences

Three former Remedy Housing officials, Brent Smith, Mahmoud Khodr, and Fue Mano, have been sentenced for dishonesty offences related to promoting interest-free mortgages. The company received $1.83 million in deposits from 107 customers, with significant misappropriation of funds by the officials.

Consob Blocks 11 Websites for Financial Abuse

The Italian financial regulator, Consob, has ordered the blocking of 11 new websites engaged in financial abuse and unauthorized investment services. This action brings the total number of blocked sites to 1,599 since July 2019, with 136 related to crypto-activities.

Chiara Mosca Appointed Interim Consob President

Chiara Mosca has been appointed interim President of Consob, the Italian securities regulator, effective March 9, 2026. She assumes the role following the conclusion of Paolo Savona's seven-year mandate. Mosca, a Commissioner since 2021, will serve until a new President is appointed.

FINRA Fines Five Firms $585,000 for Reporting and Supervisory Violations

FINRA announced disciplinary actions against five firms in February 2026, imposing fines totaling $585,000. The actions address violations related to trade reporting accuracy, customer trade confirmations, and supervisory systems for employee outside brokerage accounts.

FINRA Disciplinary Actions for March 2026

FINRA has taken disciplinary actions against Independence Capital Co., Inc. and Dennis Clarence Twarogowski, resulting in fines, restitution, and suspensions for supervision failures and reporting errors. BNY Mellon Capital Markets, LLC was also fined for municipal securities reporting violations.

FINRA Fines Firms for Rule Violations

FINRA has fined two firms, SG Americas Securities, LLC and Wedbush Securities Inc., a total of $240,000 for rule violations. The violations include inaccurate reporting of order handling and failure to maintain possession or control of customer securities. These actions were reported in FINRA's January 2026 disciplinary actions.