SEC Marketing Rule Update: Approaching Deadline of 4 November 2022

The deadline for compliance with the SEC’s new investment adviser Marketing Rule is November 4, allowing just one month for…
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Building your cyber security foundation

At Waystone Cyber Security Solutions we believe that as you grow your firm it should be built on a strong…
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Enhancing Anti Money Laundering and Countering the Financing of Terrorism (AML/CFT) controls within the VCC sector

The VCC regime was launched in Singapore in January 2020, and in 2021, MAS conducted an industry-wide survey of VCCs,…
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CFTC charges five entities for failing to register as FCMs

The CFTC announced that it has filed charges against five entities for operating as unregistered futures commission merchants (FCM).
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SEC Fines Firm $35 Million for Failure to Protect Client Data

On September 20, 2022, the U.S. Securities and Exchange Commission (“SEC”) fined Morgan Stanley Smith Barney for their purported failure…
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Securing sensitive employee data – recommended HR policies and procedures

The onboarding and offboarding of employees is not a subject that we often think about in terms of information security.…
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Regulatory Update: Middle East Edition – August 2022

This edition includes - ADGM Registration Authority publishes priorities for 2022-2023, VARA issues regulations governing virtual assets marketing and DIFC…
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It is with sadness that we mark the passing of Her Majesty The Queen

Following the passing of Her Majesty Queen Elizabeth II, we reflect on her remarkable reign and her dedication to a…
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Regulatory Compliance Updates August 2022 – APAC Region

31 August 2022 - MAS imposes composition penalty of $375,000 on UOB Kay Hian Private Limited for business conduct and…
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Regulatory Update: UK Edition – August 2022

This edition includes - FCA Policy Statement on strengthening financial promotion rules for high-risk investments and firms approving financial promotions,…
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The deadline for the Hong Kong SFC’s climate-related requirements is fast approaching

The Hong Kong Securities and Futures Commission (SFC) issued Consultation Conclusions on the Management and Disclosure of Climate-related Risks by…
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Audit Preparation For Business Continuity Management

Revised Business Continuity Management (“BCM”) Guidelines were introduced in June 2022, setting out the principles that Financial Institutions (“FIs”) are…
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Key Takeaways From MAS Information Paper on AML/CFT For External Asset Managers

The Monetary Authority of Singapore (MAS) has issued an information paper setting out MAS’ supervisory expectations of effective anti-money laundering…
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Enhancing the Appointed Representative Regime

On 3 August 2022, the Financial Conduct Authority (“FCA”) published its long-anticipated policy statement: PS22/11 - Improvements to the Appointed…
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The ADGM Data Protection Regulations Amendment 2022 - What you need to know

The Abu Dhabi Global Market (“ADGM”) released its comprehensive data protection regulations in 2021 (the “Regulations”), repealing the Data Protection…
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Regulatory Update: UK Edition – July 2022

This edition includes - FCA publishes rules and guidance on new Consumer Duty, PRA Discussion Paper DP3/22 on critical third…
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