Category Archives: Regulatory Update

Regulatory Update is information specific to regulations affecting the financial services industry

On Oct. 5, MAS revised notice on reporting suspicious activities. Amendments are compared against the version of Notice CMG-N01 on reporting of suspicious activities & incidents of fraud, issued Jan. 2013, revised Mar. 2014. Required Reporting Report any suspicious activities and incidents of fraud, where material to safety, soundness or reputation of relevant entity, per form,…

On Aug. 28, Fed issued rules on small holding company debt. Interim final rule expanded use of small bank holding company policy statement. Per economic growth, regulatory relief and consumer protection act (EGRRCPA). EGRRCPA directed Fed to raise threshold from $1bn to $3bn in 180 days. Follows Fed Apr. 2015 rules, raising threshold for small BHC…

On Aug. 14, IEX proposed rule crumbling quote fee threshold. Revised the threshold for imposition of the crumbling quote remove fee (CQRF). More narrowly tailor to activity that is indicative of a deliberate trading strategy that may adversely affect execution quality on the Exchange, in rulebook. Current Threshold IEX charges CQRF to orders that remove…

  On Aug. 10, 2018, FINRA issued notice on SEC approval of future risk statement. Implementation date of updated statement and 2018 supplement, Sep, 5, 2018.