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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.
Securities / Derivatives
Korea on Track to Launch New ‘Value-Up Index’ Next Month
By Manesh Samtani | 14/08/2024
New FSC Chairman Kim Byoung-hwan said the new index will launch “without a hitch” in September and related ETFs in Q4 this year.
Enforcement
ASIC Commences Legal Action Against ASX Over Misleading Statements
By Sanday Chongo Kabange | 14/08/2024
ASIC alleges that ASX’s claims in February 2022 that the CHESS replacement project was tracking to plan were “misleading and deceptive”.
Securities / Derivatives
SEBI Denies Allegations of Conflict of Interest in Adani Probe
By Ajoy K Das | 14/08/2024
Hindenburg Research said SEBI has slow-walked a probe into the Adani Group because of its links to the regulator’s chairperson.
Securities / Derivatives
MAS Publishes Compliance Toolkits for LFMCs and VCF Managers
By Nithya Subramanian | 14/08/2024
The compliance toolkits offer fund managers guidance on approvals, notifications and other regulatory submissions.
Enforcement
Korea FSS Issues Warning to Hanwha Investment & Securities
By Nithya Subramanian | 13/08/2024
Hanwha Investment & Securities allegedly concealed the findings of a 2018 internal audit that found forged balance statements.
Market Infrastructure
PBOC to Increase Bond Trading in Open Market Operations
By Manesh Samtani | 13/08/2024
The PBOC and CSRC are trying to deter regulated firms from investing in long-dated treasury bonds to cool a bond market rally and put a floor under yields.
Crypto / Digital Assets
The Path Forward: Making Tokenisation a Reality in Singapore
By Justin Christopher | 13/08/2024
Justin Christopher discusses the importance of robust collaboration between businesses and regulators, and aspects of DLT that are often overlooked.
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