Global Financial Regulation – Global Investment Law Watch

United States: Time to Get Cross

Oct 09 2026

By: Thoreau A. Bartmann and Lance C. Dial

It’s been a rocky road for cross trading fixed-income securities by mutual funds.

Before 2020, when the Securities and Exchange Commission (SEC) adopted the valuation rule, the primary challenge was that Rule 17a-7’s pricing requirements were difficult to implement. Then the valuation rule made such trading far more difficult, effectively carving most fixed-income securities out of Rule 17a-7 altogether. At that point, funds missed the days when it was merely difficult to cross trade fixed-income securities!

China: China Announced Proposed Penalties on Cross-Border Securities Business: What Overseas Institutions Should Watch?

Jul 08 2026

By: Chloe Duan and Amigo L. Xie

On 22 May 2026, the China Securities Regulatory Commission announced proposed penalties against several overseas online brokerage firms for cross-border business activities. The regulator stated that their provision of brokerage services to mainland China investors violated China’s laws. Gains from these activities are to be confiscated and penalties imposed.

China: A Real Opening-Up, or Opening-Up With Boundaries? Where Is China’s Capital Market Heading?

Jul 02 2026

By: Chloe Duan and Amigo L. Xie

On 17 June 2026, the Chair of the China Securities Regulatory Commission, Wu Qing, delivered a keynote speech at the Lujiazui Forum, emphasizing China’s continued participation in the global financial markets, as well as its efforts to improve cross-border investment and financing convenience.

Tag:Global Financial Regulation