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Recent Editions
Risk Channel
North America
The Securities and Exchange Commission (SEC) has issued a blanket five-year exemption for listing and trading tokenized securities - digital tokens that represent a stock and can be traded on a blockchain similar to a cryptocurrency - without registering as an exchange. The regulator is also offering liquidity providers in tokenized stocks a five-year exemption from dealer registration requirements. Platforms would be required to notify companies before listing tokenized versions of their stocks, and would be prohibited from offering those products if the issuer objects, an SEC official said. “The Securities and Exchange Commission is taking a significant step forward, within its statutory authority, to bring America’s capital markets into the digital age by facilitating onchain trading of certain tokenized stocks through the ‘Innovation Exemption,’” SEC Chairman Paul Atkins said.
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Risk Channel
UK/Europe
Russian President Vladimir Putin has ordered that assets belonging to food company Nestlé and retail group Auchan in Russia be placed under temporary administration. In a decree published on Russia's official legal portal, Putin ordered stakes in the assets to be handed to a little known entity called AO L.E.V. Menedzhment. Moscow has used the temporary-management mechanism since 2023 to take control of assets belonging to companies from countries it considers “unfriendly.” It has previously been used to take control of the Russian subsidiaries of companies including Danone and Carlsberg. Nestlé, arguing that as a food producer it supplies essential goods, has continued operating in Russia. Auchan operates 230 supermarkets and hypermarkets across Russia.
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