Regulatory Update: UK Edition – September 2022

This UK regulatory update edition includes – FCA’s speech on what firms can expect from the Consumer Duty, ESMA revises…
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Regulatory Compliance Updates September 2022 – APAC Region

If you have any questions about the below updates, please reach out to our APAC compliance team for more information.…
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Are you prepared for the FCA's new Consumer Duty?

The FCA’s Consumer Duty Implementation Plan deadline of 31 October 2022 is fast approaching.
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eComms compliance – the SEC continues its scrutiny and issues substantial fines

In September 2021, the SEC began its focus on how banks were monitoring, archiving and safeguarding business-related eComms being undertaken…
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What role should NEDs play in cybersecurity?

Waystone Compliance Solutions’ Chief Information Security Officer, Conor Flynn, was recently featured in an Assured article where he provided insight…
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Regulatory Update: Middle East Edition – September 2022

This edition includes - DFSA publish Cyber Thematic Review Report, Virtual asset guiding principles published by FSRA, FSRA enhances capital…
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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 UK regulatory update edition includes - FCA Policy Statement on strengthening financial promotion rules for high-risk investments and firms…
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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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