SECURITIES / DERIVATIVES

ESG / Sustainability

Korea Announces New Disclosure Standards for ESG Funds

By Manesh Samtani | 06/10/2023

The standards will become effective in December. A two-month “intensive review period” will then take place ahead of full implementation in February 2024.

ESG / Sustainability

Philippine SEC Consults on Revised Sustainability Reporting Guidelines

By Editors | 04/10/2023

Listed companies will be required to submit sustainability reports in two formats. Consultation is open until 16 October.

Market Infrastructure

HKEX Sets Launch Date for New Stock Connect Settlement Platform

By Editors | 04/10/2023

The settlement acceleration platform, known as HKEX Synapse, will launch on 9 October 2023 and improve post-trade efficiencies.

Crypto / Digital Assets

UPDATE – UBS, SBI Launch Tokenised VCC Fund Pilot in Singapore

By Editors | 04/10/2023

The live pilot of a tokenised money market fund was launched under a wider VCC umbrella as part of Project Guardian.

Securities / Derivatives

Philippine Stock Exchange Issues Final Short Selling Guidelines

By Sanday Chongo Kabange | 04/10/2023

The PSE said the SEC and BIR approved critical components of SBL transactions. A separate announcement will be made about the official launch date.

Crypto / Digital Assets

Korea: Three Securities Firms Form Digital Securities Consortium – Report

By Editors | 04/10/2023

The three securities firms hope to share costs and gain economies of scale to attract more issuers for STOs.

Enforcement

CFTC Fines Goldman for Failing to Prevent Disruptive Trading

By Mark Johnston | 03/10/2023

Goldman’s surveillance was not properly monitoring for disruptive trading and its preventative control to suspend such trading malfunctioned.

Enforcement

CFTC Fines Three Major FIs for Swap Reporting and Other Violations

By Mark Johnston | 03/10/2023

Affiliates of Goldman Sachs, JP Morgan, and Bank of America were fined a total $53mn for violating rules for swap dealers.

Market Infrastructure

Bursa Malaysia Extends Derivatives Partnership With CME Group

By Editors | 03/10/2023

Under the extension, Bursa Malaysia Derivatives contracts will continue to be hosted on CME Globex until September 2028.