SECURITIES / DERIVATIVES

AML / KYC

SEBI Simplifies Rules for Obtaining ‘Accredited Investor’ Status

By Ajoy K Das | 19/12/2023

Certain documentary requirements are removed, certification will be granted based solely on KYC and financial information, and the validity period is lengthened.

Securities / Derivatives

CFTC Approves Rule to Allow UPI Use in Swaps Reporting

By Sanday Chongo Kabange | 19/12/2023

The use of the UPI in the reporting of OTC derivatives in the US will start on 29 January 2024.

Securities / Derivatives

JPX Prepares for New NISA Launch in 2024

By Mark Johnston | 19/12/2023

JPX will support the launch of the expanded NISA by making it easier to make small investments that qualify for tax exemptions under the programme.

Enforcement

Appellate Court Sets Aside SEBI Penalties Against NSE, Officials

By Ajoy K Das | 19/12/2023

The penalties were imposed in June 2022 over the alleged exploitation of NSE’s internet infrastructure by brokers for faster connectivity.

Enforcement

Korea FSS Identifies Misconduct by Nine Securities Firms

By Editors | 19/12/2023

The securities firms and up to 30 managers were involved in selling investment assets amongst themselves to shift losses between customer accounts.

Securities / Derivatives

SGX Offers Guidance to Listed Companies on Rights Issues

By Nithya Subramanian | 19/12/2023

The guidance came after Stamford Land allocated excess rights shares to directors and controlling shareholders before fully satisfying applications by minority shareholders.

ESG / Sustainability

ESMA Consults on Sustainability Reporting Draft Guidelines

By ESG Investor | 19/12/2023

The guidelines seek to establish consistency in and robust approaches to the supervision of listed companies’ sustainability and financial information.

Securities / Derivatives

GIFT City’s Bullion Exchange IIBX Launches Trading in Silver

By Ajoy K Das | 18/12/2023

The launch of the silver trading platform will bring fair and transparent trade in the precious metals, said IIBX CEO Ashok Gautam.

Crypto / Digital Assets

India’s GIFT City Set to Launch Market for Tokenised Assets

By Ajoy K Das | 18/12/2023

GIFT City’s first regulated trading platform for tokenised commercial real estate assets is expected to launch in January 2024.