Securities / Derivatives

ASX Considers Closing Settlement Service for Unlisted Funds

17/04/2023

The mFund Settlement Service caters to unlisted managed funds. ASX is considering closing the service.

Sanctions

G7 Says Switzerland Is Not Doing Enough to Combat Sanctions Evasion

17/04/2023

Switzerland, though officially neutral, has frozen Russian assets worth about a third of the EUR 21.5 billion frozen across the EU.

Securities / Derivatives

CFFEX Set to Launch 30 Year Treasury Bond Futures

16/04/2023

CFFEX already offers futures trading in 2-year, 5-year, and 10-year treasury bond futures. The 30-year contract will start trading on Friday (21 April).

Capital / Liquidity

Fed Approves UBS Acquisition of Credit Suisse US Subsidiaries

16/04/2023

UBS needs authorities in 58 countries to approve the merger, which will create a business with more than $5tr in total invested assets.

Securities / Derivatives

CSRC Consults on Rules to Enhance Independent Director System

16/04/2023

A qualification system, code of professional ethics, and information database for independent directors of listed companies will be established.

Enforcement

SocGen Agrees to $105m Euribor Rigging Settlement

16/04/2023

If approved by the court, the settlement would mean investors have won USD 651.5 million in Euribor-rigging settlements with seven banks.

ACCC Proposes Reforms to Australia’s Merger Laws

16/04/2023

Current laws do not require merger parties to notify the ACCC of planned mergers, or to wait for clearance before they complete the merger.

Enforcement

Japan FTC Cautions Mizuho Securities Over IPO Price-setting

16/04/2023

Mizuho Securities, as lead underwriter, set the issue prices of two companies lower than the companies were seeking. Both more than doubled in value on their IPO.

Sanctions

US Commerce Dept Adds 12 Chinese Entities to Entity List

15/04/2023

The entities allegedly acquired or attempted to acquire US-origin items in support of Russia’s military effort.