SECURITIES / DERIVATIVES

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    Enforcement

    ASIC Issues First Ever Penalty Against Market Operator

    By Sanday Chongo Kabange | 07/03/2024

    ASX has paid A$1.05mn for a pre-trade transparency failure caused by “carelessness rather than recklessness or intentional misconduct”.

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    ESG / Sustainability

    US SEC Adopts Mandatory Climate Disclosure Rules

    By Manesh Samtani | 07/03/2024

    The final rules allow large companies to report Scope 1 and 2 emissions only if they are material, and remove requirements to also disclose Scope 3 emissions.

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    Securities / Derivatives

    CSRC Promises Stricter Regulation, Supervision of Capital Market

    By Manesh Samtani | 07/03/2024

    Chairman Wu Qing said the CSRC would “act decisively” in the stock market, improve its rules framework, and strengthen investor protection.

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    ESG / Sustainability

    SGX RegCo Consults On Integrating ISSB Standards Into Listing Rules

    By Nithya Subramanian | 07/03/2024

    SGX RegCo proposes to make it mandatory for listed companies to report on sustainability, compared to the current “comply or explain” approach.

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    ESG / Sustainability

    Philippine SEC Adopts Sustainable Finance Taxonomy

    By Sanday Chongo Kabange | 06/03/2024

    The SEC said issuers of securities should refer to the taxonomy when making investment decisions or designing sustainable financial products and services.

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    Securities / Derivatives

    Bursa Malaysia to Launch New Soyoil Futures on 18 March

    By Editors | 06/03/2024

    The new futures contract is made possible by a licensing agreement signed with the Dalian Commodity Exchange last year.

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    Enforcement

    SFC, HKEX Jointly Take Action Against GEM-Listed Firm

    By Sanday Chongo Kabange | 06/03/2024

    Two former directors misappropriated assets by paying an IPO consultant who subsequently rerouted the funds back to the directors.

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    Enforcement

    RBI Imposes Restrictions on Systemically Important NBFC

    By Ajoy K Das | 06/03/2024

    The RBI said JM Financial Products “repeatedly” helped customers bid for IPO and NCD offerings using loaned funds, in violation of the regulations.

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    Securities / Derivatives

    China: Major Insurers Ready to Invest in Stock Market

    By Editors | 06/03/2024

    China Life Insurance and New China Life Insurance have finished setting up a new fund that will be used to invest in and support the stock market.

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    AML / KYC

    Australia: NASC Warns of Deepfake Celebs Promoting Scams

    By Sanday Chongo Kabange | 06/03/2024

    Fake news articles and deepfake videos are being used to convince people to make online investments that turn out to be scams.

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