FinTech

The SEC Division of Trading and Markets​​​​​​ (the Division) updated FAQs clarifying broker-dealer obligations and regulatory considerations for crypto asset activities and distributed ledger technology. The Division and FINRA’s Office of General Counsel also withdrew a 2019 Joint Statement regarding broker-dealer custody of digital asset securities.

The full update can be found here on our

On 15 April 2025, the Financial Stability Board (FSB) published its finalised Format for Incident Reporting Exchange (FIRE), a global standardised format aimed at streamlining cyber and operational incident reporting and enhancing cross-border cooperation.

FIRE is a common framework that financial firms can use to report operational incidents, including cyber

On 12 March 2025, the International Organisation of Securities Commissions (IOSCO) issued a consultation report on neo-brokers.

Neo-brokers are a subset of brokers, characterized by providing online-only investment services and by the absence of physical operating branches, thereby using technology to facilitate those services and access to financial markets. Neo-brokers have very limited

On 12 March 2025, the International Organisation of Securities Commissions (IOSCO) issued a new consultation report on artificial intelligence (AI) in capital markets.

The purpose of the consultation report is to create a shared understanding among IOSCO members of the issues, risks and challenges that emerging AI technologies used in financial