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FXTM has decided to relinquish its UK FCA licence as part of a strategic shift away from the UK retail market toward Asia and the Middle East. The broker plans to upgrade its licence in Dubai and pursue a strategic partnership in Indonesia to support its regional expansion.
H.E. Waleed Saeed Al Awadhi, Chief Executive Officer of the UAE Capital Market Authority, has been unanimously reappointed as Chair of IOSCO’s Africa and Middle East Regional Committee for the 2026–2028 term. The renewed mandate underscores international confidence in the UAE’s regulatory leadership and its role in shaping global financial market standards.
Global Execution Brokers, LP has agreed to a $75,000 fine and a censure to settle allegations brought by Cboe Exchange, Inc. The firm was cited for failing to maintain adequate financial risk management controls and supervisory procedures for its market access business.
ASIC has disqualified Ashod Ohan Balanian from managing corporations for five years over his conduct in relation to three failed companies connected to a cryptocurrency fund. The regulator found he engaged in serious misconduct, including failures to meet key director obligations and regulatory requirements, putting investors at risk.
