SECURITIES / DERIVATIVES

Enforcement

US SEC Fines ATS Operator OTC Link for AML Failings

By Editors | 18/08/2024

OTC Link did not file a single SAR over 38 months. Its AML department consisted of only two individuals who together spent just five hours per month reviewing trading alerts.

Securities / Derivatives

GIFT City to Commence Sovereign Green Bond Trading “Very Soon”

By Ajoy K Das | 16/08/2024

RBI governor said sovereign green bond trading will be operationalised in GIFT City “very soon”, likely in the second half of the current fiscal year.

Securities / Derivatives

MAS Consults on Changes to Financial Statement Requirements for CIS

By Nithya Subramanian | 16/08/2024

MAS has proposed allowing authorised schemes to adopt SFRS (I) instead of RAP 7, while retaining certain critical disclosures within the CIS Code.

Securities / Derivatives

Shenzhen, Dubai Sign MOU on Capital Markets Cooperation

By Editors | 16/08/2024

Under the MOU, SZSE and DFM will explore the potential for future dual listings and ETF connectivity between the two markets.

Enforcement

FSS Korea Launches Investigation Into Top Four ETF Issuers

By Editors | 15/08/2024

The investigation will focus on whether ETFs were supported by group affiliates and whether unfair arrangements were in place with liquidity providers.

Enforcement

FSA Japan Launches Probe into Cross-Shareholdings Disclosures

By Mark Johnston | 15/08/2024

The FSA will investigate whether 4,000 listed companies are transparently and accurately reporting their strategic shareholdings.

Enforcement

US SEC, CFTC Announce $470m in New Fines in WhatsApp Probe

By Manesh Samtani | 15/08/2024

Since 2021, the SEC and CFTC have issued more than $3.3bn in penalties for record-keeping failures involving messaging platforms.

Crypto / Digital Assets

Eurex Expands Crypto Derivatives Suite to Include Ethereum

By Editors | 15/08/2024

Eurex has launched Ethereum futures and options, adding to its crypto derivatives portfolio which has so far only covered Bitcoin.

Securities / Derivatives

Foreign Firms in China Struggle to Meet Demand for Overseas Assets

By Manesh Samtani | 14/08/2024

The high demand is reportedly causing foreign firms in China to ration their QDII quotas. Meanwhile, the QDLP programme is under fresh scrutiny from regulators.