Securities / Derivatives

India: Five PSBs Required to Dilute Government Stake by August

By Ajoy K Das | 15/03/2024

Out of 12 public sector banks, five have not yet complied with India’s minimum public float requirements, which is required by August 2024.

Market Infrastructure

Hong Kong Considers Scaling Back Severe Weather Trading Plans

By Sanday Chongo Kabange | 15/03/2024

Hong Kong is reportedly considering whether to still keep local markets closed during the most severe weather events to help smaller firms continue operations.

Enforcement

US Regulators Announce $350m Penalty for JPMorgan

By Editors | 15/03/2024

The action, taken to address trade surveillance deficiencies, requires the bank to seek regulatory approval to onboard any new trading venue.

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.

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