Family offices and the Variable Capital Company (VCC)

The Monetary Authority of Singapore (MAS) has introduced an alternative fund framework, the Variable Capital Company (VCC), to encourage more…
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APAC Monthly Newsletter, June 2021

  Articles & Events Summary   Argus Global comes together with Waystone Argus Global is delighted to announce that it…
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The Monetary Authority of Singapore extends training support measures to foster skills development in new growth areas

On 25 June 2021, MAS and IBF announced new measures for the extension of the enhanced training support measures to…
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CFTC Staff Issues Advisory to Swap Dealers

June 24th | 2021 The CFTC recently issued an advisory to swap dealers clarifying the use of internal models in…
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Adjustment for Inflation of the Dollar Amount Tests in Rule 205-3 under the Investment Advisers Act

June 22nd | 2021 The SEC recently approved an order that adjusts for inflation the dollar amount thresholds of the…
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Proposed Rule Change to Increase the National Securities Clearing Corporation Minimum Required Fund Deposit

June 22nd | 2021 The National Securities Clearing Corporation (“NSCC”) recently proposed rule change to increase the minimum Required Fund…
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FINRA Eliminates the Order Audit Trail System (OATS) Rules

June 22nd | 2021 FINRA recently announced September 1, 2021 as the effective date for the elimination of the Order…
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The Monetary Authority of Singapore Reprimands AIA Financial Advisers, Prudential, and Two Aviva Entities

On 15th June 2021, Monetary Authority of Singapore (MAS) reprimanded several large financial institutions in the insurance and financial advisory…
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Argus Global comes together with Waystone

Argus Global is delighted to announce that it has come together with Waystone to form Waystone Compliance Solutions together with…
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Waystone Creates Global Compliance Offering

Leader in fund governance and compliance solutions creates new, global businessLONDON, 16 June 2021 Waystone, the leading, global governance and…
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Regulatory Update: Middle East Edition - May 2021

This edition includes - Launch of DIFC FinTech Accelerator 2021, FSRA Issues a Dear SEO/MLRO/RP Letter regarding CTF and CBB…
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SEC Approves FINRA Changes to Rule 5122 and FINRA Rule 5123

June 15th | 2021 On June 9, 2021, the SEC approved FINRA’s proposal to amend FINRA Rule 5122 ("Private Placements…
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Cayman Islands Monetary Authority Guidance on The Appointment, Duties, and Responsibilities of Anti-Money Laundering Officers

June 9th | 2021 The Cayman Islands Monetary Authority recently issued a reminder regarding the duties and responsibilities of Anti-Money…
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FINRA Requests Comment on Short Interest Position Reporting Enhancements

June 9th | 2021FINRA is requesting comment on potential enhancements to its short sale reporting program. Pursuant to FINRA Rule…
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The Monetary Authority of Singapore proposes to mandate reference checks

The Monetary Authority of Singapore (“MAS”) released a consultation paper on 17 May 2021 inviting the public to comment on…
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Consolidated Audit Proposed Funding Model

May 26th | 2021 The comment period on a revised funding model (“Proposed Funding Model”) for the consolidated audit trail…
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NFA Compliance Rules 2-9 and 2-36: Members' Use of Third-Party Service Providers

May 26th | 2021 On March 24, 2021, the National Futures Association (“NFA”) provided Notice to Members requiring each Member…
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CFTC Staff Publishes Updated Responses to FAQs Regarding Commission Regulation 4.27 and Form CPO-PQR

May 26th | 2021 The CFTC recently updated its FAQs regarding CFTC Regulation 4.27 and Form CPO-PQR. There are no…
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