9/26 Industry Update: Australia's ASIC delays registration for relevant providers.


Australia's ASIC announces the postponement of the registration date for relevant providers; Italy's financial regulatory authority, CONSOB, adds 5 websites to its blacklist.

1. Australia's ASIC Announces Delay in Registration Date for Providers

The Australian Securities and Investments Commission (ASIC) has postponed the registration date for providers—financial advisers giving personal advice on relevant financial products to retail clients, including time-sharing stock advisers—to February 1, 2024.

2. Australian ASIC Fines Interactive Brokers' Australian Division

Due to negligence in identifying suspicious trading activities, the Australian Securities and Investments Commission (ASIC) has fined the Australian division of Interactive Brokers, Interactive Brokers Australia Pty Ltd, AUD 832,500 (approximately USD 538,000).

3. Italy's Financial Regulatory Authority CONSOB Adds Five Websites to Blacklist

Recently, Italy's financial regulatory authority, CONSOB, added five unauthorized financial service providers to its blacklist, bringing the total to 935.

4. CFTC Issues Complaint and Settlement Order Against StoneX

For failing to disclose thousands of pre-trade mid-market marks (PTMMM), the United States Commodity Futures Trading Commission has issued a complaint and settlement order against registered swap dealer StoneX Markets LLC (StoneX).

5. SmartStream Appoints Akber Jaffer as CEO

SmartStream, a provider of financial transaction lifecycle management solutions, announced on Monday (September 25, 2023) the appointment of Akber Jaffer as its Chief Executive Officer, effective September 19, 2023.

6. JPEX Financial Fraud Case Prompts Hong Kong's SFC to Intensify Industry Regulation

On September 25, the Securities and Futures Commission announced it would publish a list of all licensed, deemed licensed, closed, and pending applications for virtual asset trading platforms to help the public identify potentially unregulated virtual asset trading platforms operating in Hong Kong.

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