SEC Chair Jay Clayton asserted that initial coin offerings are likely to involve the sale of assets that qualify as securities, and urged investors to proceed with caution when considering ICO or cryptocurrency-related investments.
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The CFTC Division of Swap Dealer and Intermediary Oversight published interpretative guidance to clarify commodity trading advisor registration requirements in light of the MiFID II research compensation provisions.
The UK Financial Conduct Authority will not require firms to continue putting processes in place to exchange variation margin for physically settled foreign exchange forwards for certain transactions.
The SEC approved an MSRB proposal to require the underwriters of (i) college savings plans, and (ii) Achieving a Better Life Experience ("ABLE") programs to report additional data on transactions fees.
SEC Commissioner Kara Stein described the current exchange-traded product marketplace and discussed how regulators can best keep up with significant market developments.