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Retail prop trading has dropped from ESMA’s immediate priorities despite earlier scrutiny, according to CySEC Chairman Dr George Theocharides. While European discussions appear stalled, parts of the US market are moving toward formal registration and oversight.
The EU’s Retail Investment Strategy introduces extensive changes to retail investment rules, centring on value-for-money requirements and tighter controls on digital marketing and finfluencers. The reforms reshape product pricing scrutiny, investor categorization, and disclosure formats, with firms facing a compliance deadline at the end of 2028.
The Australian Securities and Investments Commission (ASIC) has extended the deadline for digital asset firms to apply for an Australian Financial Services Licence to 30 September 2026 and expanded the pathways to regulatory compliance. The move gives digital asset service providers more time and flexibility to meet new licensing standards, including for those requiring Australian Market Licences or Clearing and Settlement facility licences.
The Cyprus Securities and Exchange Commission has suspended in whole the authorisation of Cyprus Investment Firm Mind Money Limited. The decision follows suspicions of alleged violations of Cyprus investment services law and related authorisation conditions.
CACEIS UK has been censured by the FCA and will make a £31.7m voluntary payment to WealthTek clients after failing to act on information that left them exposed to financial crime risk. The payment forms part of more than £57m secured for WealthTek clients in just over a year.
The Financial Conduct Authority has warned that Trade Zone Ventures is not authorised to provide financial services in the UK. Consumers dealing with the firm will not have access to key UK regulatory protections.
The Financial Conduct Authority has issued a warning about Quantum Global Markets, stating the firm is not authorised and may be providing or promoting financial services in the UK without permission. Consumers dealing with the firm will not have access to statutory complaints or compensation protections.
INFINOX is in advanced talks to acquire Admirals, with discussions confirmed but no deal yet finalised. The potential transaction comes as Admirals’ owners divest global operations following a sharp decline in 2025 trading metrics.
The UK Financial Conduct Authority has warned that JupiterBanking may be providing or promoting financial services without FCA authorisation. The regulator says the firm is not authorised and may be targeting UK consumers, who would lack key regulatory protections.
Kalshi is in discussions to raise new capital at a valuation of about $40 billion, according to people cited by the Financial Times. The talks come only weeks after the prediction market operator secured $1 billion at a $22 billion valuation, extending a rapid rise in its market value and trading activity.
Nummixo has been identified as an unauthorised firm that may be targeting people in the UK. The firm is not authorised by the Financial Conduct Authority (FCA) but appears to be providing or promoting financial services or products.
NAGA Group said its European entity has received authorization under the EU's Markets in Crypto-Assets Regulation, allowing it to offer regulated digital-asset services across the bloc. The approval comes ahead of a July 1 deadline for crypto firms to secure full licenses or stop serving EU clients.
