Hong Kong's securities watchdog has revised its guidelines on market sounding practices, responding to feedback from the hedge fund and banking sectors. This adjustment aims to enhance regulatory clarity around how financial institutions communicate about block trades. Concurrently, the Financial Conduct Authority (FCA) in the UK has intensified its scrutiny of financial influencers, having interviewed 20 individuals under caution for potentially promoting financial services and products illegally. These developments reflect a broader trend of increased regulatory oversight in the financial sector, particularly concerning the handling of confidential information and the practices surrounding block trades.