Belgium: fewer product bans as moratorium lowers complexity

Europe | Regulations & Legal

30 Jun 2020 by SRP News

The national financial regulator banned just 10 products in 2019, half the amount seen the year before.

Banking entities rejoice as Volcker Rule amended

North America | Regulations & Legal

29 Jun 2020 by Lavanya Nair & Pablo Conde

Five US regulatory agencies have announced the modification of the Volcker Rule. Changes will contain specific exclusions and clarifications that can be of benefit to foreign and domestic banks.

US trade bodies ask for buffered annuities legislation

North America | Regulations & Legal

12 Jun 2020 by Lavanya Nair & Pablo Conde

Four industry trade groups have urged lawmakers to advance legislation to facilitate access to buffered annuities.

Esma updates structured deposit investor protection guidelines

International | Regulations & Legal

05 Jun 2020 by SRP News

The new guidelines replace the Esma rules on the same topic issued in 2012. They also include updates that enhance clarity and foster greater convergence in the implementation, and supervision, of the new Mifid 2 compliance function requirements.

Morgan Stanley slapped with arbitration claim

North America | Regulations & Legal

04 Jun 2020 by Lavanya Nair & Pablo Conde

A Finra arbitration claim has been filed against US financial institution Morgan Stanley after one of its agents made unsuitable investment recommendations to an inexperienced investor.

SFC gives green light to leverage/inverse products

Asia Pacific | Regulations & Legal

29 May 2020 by SRP News

Hong Kong’s Securities Financial Commission (SFC) is prepared to only accept 'swap-based' leveraged and inverse (L&I) products tracking mainland equity indices, with a leverage factor up to 2x, or negative 1x for inverse products.

US watchdog puts oil-linked ETN advisors on notice

North America | Regulations & Legal

27 May 2020 by Lavanya Nair & Pablo Conde

US regulator Finra has issued a notice to remind firms of their sales practice obligations regarding oil-linked exchange-traded products (ETPs).

HK regulators target bond, structured product distributors

Asia Pacific | Regulations & Legal

26 May 2020 by SRP News

The thematic review seeks to establish disclosure and other practices as Hong Kong regulators align their framework with the Singapore market.

US watchdog to probe impact of Covid-19 crisis on structured products performance

North America | Regulations & Legal

18 May 2020 by Pablo Conde

Like many other regulatory agencies during the last two months, the US Securities and Exchange Commission (SEC) has shifted its focus to rooting out fraud and misconduct related to the Covid-19 pandemic crisis, but investor protection and structure products remain at the top of the regulators agenda.