The Securities and Exchange Commission cautioned investors about the potential for fraud in microcap companies that claim their operations relate to the marijuana industry after the agency suspended trading in the fifth such company within the past two months.

The Securities and Exchange Commission issued an order staying the effective date for compliance with the portions of Exchange Act Rule 13p-1 and Form SD that would require statements by issuers that the Court of Appeals held would violate the First Amendment.

The Basel Committee on Banking Supervision published a final standard that sets out a supervisory framework for measuring and controlling large exposures, which will take effect from 1 January 2019.

The FCA's latest review into disclosure by financial advisers found that 73 per cent of firms failed to provide the required information on the cost of advice.