SECURITIES / DERIVATIVES

Market Infrastructure

ASX Consults on Two-Stage Approach for CHESS Delivery

By Sanday Chongo Kabange | 15/03/2024

ASX is targeting Q1 2026 for implementation of the first stage of the new CHESS system, and 2028 or 2029 for the second stage.

Securities / Derivatives

SEBI Flags Manipulation, Bubble Risks in SME Segment

By Ajoy K Das | 15/03/2024

SEBI is working to introduce more disclosures for SME listings and seeking stress test results from fund managers in the segment.

Enforcement

OFAC Penalises Swiss Bank for Apparent Sanctions Violations

By Editors | 15/03/2024

OFAC said EFG International caused US firms to process 873 securities-related transactions on behalf of sanctioned individuals.

Securities / Derivatives

New Regulatory Framework for Index Providers Takes Effect in India

By Ajoy K Das | 14/03/2024

Index providers that administer significant indices consisting of India-listed securities for use in the Indian market have six months to register.

Securities / Derivatives

SEBI to Require More Stock Brokers to Meet Enhanced Obligations

By Ajoy K Das | 14/03/2024

SEBI is expanding the ‘Qualified Stock Brokers’ framework introduced last year to capture more brokers under “enhanced obligations”.

Big Picture

Regulation Seen as Key Challenge to Derivatives Industry in 2024

By Manesh Samtani | 13/03/2024

New FIA and Coalition Greenwich research identifies capital requirements as the single greatest issue facing derivatives market participants.

Securities / Derivatives

KRX to Implement New Bond Listing Process from 1 April

By Editors | 13/03/2024

The changes are required to ensure any issues encountered in the issuance process are fully resolved before listing on the market.

Market Infrastructure

ASIC Revises Derivative Reporting Rules to Adopt November Proposals

By Editors | 13/03/2024

Other changes proposed in February 2024 have not yet been adopted. The new reporting requirements for OTC derivatives are due to come into effect on 21 October.

Crypto / Digital Assets

Coinbase Launches Legal Challenge Against US SEC

By Manesh Samtani | 13/03/2024

Coinbase argues that the SEC acted arbitrarily and capriciously when it summarily denied a petition seeking tailored rules for the crypto industry.