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Sanctions
EU Council Approves Law Criminalising Sanctions Violations
14/04/2024
It will be a criminal offence in all member states to help someone bypass a travel ban or trade in sanctioned goods.
Securities / Derivatives
China: Fund Managers Consider New Salary Caps – Reports
13/04/2024
Several fund managers proposed a CNY 3 million (USD 415,000) cap on staff salaries. The proposed caps are still subject to change.
Sanctions
LME, CME Barred from Accepting Three Key Russian Metals
12/04/2024
The LME and CME can no longer accept new aluminum, copper, and nickel produced by Russia. Existing stocks are exempt from the ban.
Enforcement
Former China Everbright Chairman Charged for Bribery
12/04/2024
Tang Shuangning was one of China’s most influential business leaders from 2007 to 2017 in his role as chairman of China Everbright Group.
Sanctions
US Adds 11 Entities to Entity List, Including 6 Chinese Firms
12/04/2024
One of the entities was “working as a part of a network” with three Russian firms to procure aerospace components for Iran.
Securities / Derivatives
SFC Reviewing HKEX Proposal to Enhance Clearing Flexibility
12/04/2024
HKEX enhanced its third party clearing arrangements for futures trades in 2022. A proposal submitted to the SFC would do the same for stock and options trades.
Crypto / Digital Assets
Consumers Value Privacy Over Safety When Considering a CBDC: RBA
12/04/2024
Consumers attach no value to the added safety of a CBDC, or the fact that it would be issued by the RBA, as bank deposits are already considered safe.
Securities / Derivatives
Shanghai Imposes Trading Limits on Gold, Copper, Crude Oil
12/04/2024
The limits on gold and copper futures contracts are being imposed in response to sharp price rallies by both metals.
Securities / Derivatives
Industry Collaborates to Test Digital Regulatory Reporting
12/04/2024
The first phase of the collaboration between DTCC and REGnosys will test the ISDA DRR for derivatives reporting in Japan and the EU.
Sanctions
Sanctions Against Two Russians “Not Justified”, EU Court Rules
12/04/2024
The court ruled that there wasn’t enough evidence to include Russian billionaires Mikhail Fridman and Petr Aven on the EU sanctions list.
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