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Korea FSC to Ensure Thorough Preparation for the Enforcement of the Act on the Protection of Virtual Asset Users

Korea FSC to Ensure Thorough Preparation for the Enforcement of the Act on the Protection of Virtual Asset Users--Criminal Sentence (Minimum 1 year) or Fine 3x-5x Unfairly Gained Profits Can Be Imposed.

The Financial Services Commission announced that the Act on the Protection of Virtual Asset Users (“the Act” hereinafter) will take effect from July 19, 2024. This law was enacted on July 18, 2023 with aims to protect the users of virtual assets and maintain an order in the market. The

CFTC Global Markets Advisory Committee Advances Recommendations

CFTC Global Markets Advisory Committee Advances Recommendations

GMAC Global Market Structure Subcommittee Recommendations The GMAC’s Global Market Structure Subcommittee (GMSS) prepared four recommendations: 1. Appropriately calibrated block and cap sizes under CFTC Part 43 swap data reporting rules to enhance market liquidity and financial stability 2. Addition of certain central counterparties (CCPs) as permitted counterparties under

Commissioner Mark T. Uyeda

Commissioner Mark T. Uyeda: "Apparently, every burden the Commission can possibly conjure is necessary and appropriate in the public interest and for the protection of investors, or for the assessment of systemic risk by FSOC."

Statement on Form PF; Reporting Requirements for All Filers and Large Hedge Fund Advisers The latest Form PF amendments – the second set of substantive additions within a year – further expand the scope and granularity of information that private funds must report. The comment file is replete with substantive criticism of

Commissioner Hester M. Peirce

Commissioner Hester M. Peirce: "I write to dissent from the latest unwarranted expansion of Form PF. These revisions stem from the Commission’s unbridled curiosity rather than from a legitimate regulatory objective."

Curiouser and Curiouser: Statement on Amendments to Form PF to Amend Reporting Requirements for All Filers and Large Hedge Fund Advisers I write to dissent from the latest unwarranted expansion of Form PF. These revisions stem from the Commission’s unbridled curiosity rather than from a legitimate regulatory objective. In

SEC Chair Gary Gensler

"I am pleased to support the adoption because it will improve the quality of the information we receive, particularly from large hedge fund advisers. This will help the SEC & FSOC to better assess systemic risk and protect investors."

Statement on Final Joint Amendments to Form PF Today, the Commission voted to adopt amendments to Form PF, an important reporting tool whereby the Commission and the Financial Stability Oversight Council (FSOC) receive reporting from private fund advisers. I am pleased to support the adoption because it will improve the

SEC adopts amendments to enhance private fund reporting including those also registered with the CFTC.

SEC adopts amendments to enhance private fund reporting including those also registered with the CFTC. The amendments enhance how large hedge fund advisers report investment exposures, borrowing and counterparty exposure, & more

Form PF; Reporting Requirements for All Filers and Large Hedge Fund Advisers Wut Mean? Among other things, the amendments to Form PF will enhance how large hedge fund advisers report investment exposures, borrowing and counterparty exposure, market factor effects, currency exposure, turnover, country and industry exposure, central clearing counterparty reporting,

The Walls Are Closing In Around Wall Street.

Investors celebrate advocacy win as the SEC rule raises stakes, demanding greater transparency & accelerated reporting for short sellers.

The stakes are raised for short sellers. SEC rule calls for greater transparency threatening regulatory scrutiny, compliance challenges, legal consequences, and pressure for integrity