Enforcement

US SEC Fines BlackRock Unit Over Inaccurate Investment Descriptions

25/10/2023

BlackRock Advisors LLC incorrectly described a company that a fund it advised invested in and the interest rate the investment paid.

AML / KYC

ABS Says Anti-Scam Measures Have Been Effective

25/10/2023

Banks prevented more than S$57mn in scams in the first nine months of 2023, and are applying discretionary goodwill frameworks to cushion victims.

Crypto / Digital Assets

Euroclear Launches DLT-based Digital Securities Issuance Service

25/10/2023

The inaugural Digitally Native Notes were issued by the World Bank on LuxSE, raising €100mn to finance sustainable development activities.

AML / KYC

Wolfsberg Group Updates Payment Transparency Standards

25/10/2023

The updated Standards support the use of the LEI in global payments, which GLEIF welcomed as a “strong endorsement”.

Securities / Derivatives

MAS to Streamline Regulatory Regime for Fund Managers

24/10/2023

The RFMCs regime will be repealed. Existing RFMCs will transition to become Licensed Fund Management Companies instead.

Enforcement

China’s Foxconn Investigation Making Investors Uneasy – Reports

24/10/2023

Reports suggest the investigation is politically motivated, because Foxconn founder Terry Gou is seeking Taiwan’s presidency.

Securities / Derivatives

Zhengzhou Exchange Launches Six New Commodity Options

24/10/2023

ZCE started trading options contracts staple fiber, soda ash, apples, manganese silicon, ferrosilicon and urea.

Crypto / Digital Assets

SG Court Allows Attaching of Tokenised Freeze Order to Crypto Wallets

24/10/2023

A court-issued freeze order was tokenised as NFTs and attached to wallets linked to a crypto hack.

Securities / Derivatives

CSRC Proposes Measures to Boost Dividend Payouts to Investors

24/10/2023

Listed companies are asked to increase their dividend payout ratios, increase the frequency of dividends, and avoid paying “abnormally high” dividends.