SECURITIES / DERIVATIVES

Enforcement

FSC Korea to Expand Enforcement Toolkit to Target Unfair Trading

By Editors | 09/08/2024

Those found engaging in unfair trading activities will face a 10-year ban on trading in the capital market and potentially have their names disclosed publicly.

Securities / Derivatives

CSRC Directs Asset Managers to Cap Bond Fund Duration

By Manesh Samtani | 09/08/2024

The CSRC has also slowed down approvals of new bond funds, while the  PBOC has asked rural banks to limit their bond investments.

Fintech / Regtech

KRX Hires AI Firm to Develop Short-Selling Detection System

By Editors | 09/08/2024

KRX has signed a service contract with Conan Technology to develop its new short-selling detection system.

Enforcement

Asset Manager H2O Avoids UK Fine by Agreeing to Repay Investors

By Editors | 09/08/2024

The FCA decided not to impose a fine despite “extremely serious” regulatory breaches that resulted in investors being trapped in funds since 2020.

Securities / Derivatives

SEBI to Revamp Rules for Investment Advisors, Research Analysts

By Ajoy K Das | 08/08/2024

Eligibility requirements for registration are being relaxed. Additional disclosure will be required for IAs/RAs that use AI tools.

Securities / Derivatives

RBI Asks Banks to Refrain from Large Bets Against Rupee – Report

By Ajoy K Das | 08/08/2024

RBI officials asked banks to “consider the existing position size the risk limit”, indicating it did not want them to add to existing bets against the rupee.

Securities / Derivatives

PBOC Requests Daily Reports from FIs on Bond Holdings

By Editors | 08/08/2024

NAFMII has also launched a probe against four rural commercial banks over suspected manipulation in the treasury bond market.

Crypto / Digital Assets

US Court Orders Ripple to Pay $125m for Securities Law Violations

By Manesh Samtani | 08/08/2024

The order ends years-long litigation brought by the US SEC in December 2020. CEO Brad Garlinghouse said the ruling is a “victory”.

Market Infrastructure

Vietnam, Singapore Agree to Boost Stock Exchange Cooperation

By Nithya Subramanian | 08/08/2024

The Vietnam Stock Exchange and Singapore Exchange will work together to develop products and boost stock and derivatives listings.