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Securities / Derivatives
Asset Managers Moving India Funds to GIFT City – Report
By Ajoy K Das | 14/02/2024
Eight of the ten largest Indian asset managers have either relocated or are planning to relocate to GIFT City.
AML / KYC
FinCEN to Extend AML/CFT Requirements to Investment Advisers
By Editors | 14/02/2024
Investment advisers would have to implement risk-based AML/CFT programmes and report suspicious activity to FinCEN.
ESG / Sustainability
LME Facing Lawsuit Over “Dirty Metals” Sourced from Indonesia
By Editors | 14/02/2024
The case could force the LME to revisit its rules for listing metals for trading, the London Mining Network and Global Legal Action Network said.
Enforcement
CSRC Fines Semiconductor Startup & Executives for IPO Fraud
By Editors | 14/02/2024
S2C Limited was found to have inflated its operating income and net profit in its 2021 application to list on the Shanghai STAR Market.
Securities / Derivatives
SEBI Bars TV Guests, Analysts from Securities Market
By Ajoy K Das | 13/02/2024
11 individuals and 4 entities made unlawful gains of $900,000 from trading in stock they were recommending in TV broadcasts.
Securities / Derivatives
RBI Allows Banks at GIFT City to Trade on Bullion Exchange
By Ajoy K Das | 13/02/2024
Branches of domestic banks in GIFT City can be trading members of IIBX but not for proprietary trades.
Securities / Derivatives
India: RBI Deputy Governor Urges NBFCs to Monitor P2P Lending
By Ajoy K Das | 13/02/2024
Deputy Governor M Rajeshwar Rao cautioned that shady business practices and breach of licensing conditions in P2P lending in NBFCs were not acceptable.
Securities / Derivatives
CSRC Designates 13 Funds as “Major” Money Market Funds
By Editors | 10/02/2024
The funds will have to comply with stricter regulatory requirements under rules jointly issued with the PBOC in February 2023.
Securities / Derivatives
US Regulators Expand Reporting Requirements for Private Funds
By Manesh Samtani | 10/02/2024
The amendments will require detailed reporting on hedge funds’ concentrated positions, counterparty exposures and financing arrangements.
Securities / Derivatives
HKEX to Accelerate Changes to Executive Leadership
By Editors | 10/02/2024
Current CEO will step down earlier than planned. Co-COO Bonnie Chan will start as CEO on 1 March 2024 instead of 24 May 2024.
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