Fintech / Regtech

Depositories to Develop Platform for Monitoring Security Creation: SEBI

18/08/2021

SEBI is asking issuers, debenture trustees, and credit rating agencies to carry out necessary changes to ensure readiness to use the new DLT-based platform.

Enforcement

ASIC Prosecutes 124 Individuals for Failing to Cooperate with Liquidators

17/08/2021

Company officers failed to provide registered liquidators access to the company’s books and submit reports on company activities and property.

Securities / Derivatives

CSRC Tightens Scrutiny on Snowball Derivatives Products – Report

17/08/2021

The CSRC has instructed brokerage firms to tighten risk controls on Snowball derivatives and ensure their risks are fully disclose to investors.

Enforcement

SAC Punishes 19 Institutional Investors Over IPO Pricing Violations

16/08/2021

The Securities Association of China and Shanghai Stock Exchange found violations of price-setting rules and procedures for STAR Market IPOs.

Market Infrastructure

Japan Decides Start Date to Shift Cross-currency Swaps to RFRs

15/08/2021

Japan will change interdealer trading conventions for cross-currency basis swaps from LIBOR to RFRs on 21 September.

BNM Amends Rules on Managing Financial Adviser Conduct

15/08/2021

Advisers will have to provide customers with suitable product options from at least three different providers when recommending insurance or takaful products.

Securities / Derivatives

FMA Files Suit Against Company Director Over Online Posts

15/08/2021

The CEO of NZX-listed New Talisman Gold Mines made false and misleading representations in an online investor forum without disclosing his involvement with the company.

Market Infrastructure

Refinitiv Launches Prototype USD Fallback Rates for Cash Products

13/08/2021

There are two versions of the Refinitiv USD IBOR Cash Fallbacks: one for consumer cash products, the other for institutional cash products.

Securities / Derivatives

HKEX to Launch of New Options on Futures Contracts

12/08/2021

Before offering OOF products to clients, participants should ensure system readiness and that end clients understand the settlement mechanism and risk involved.