Securities / Derivatives

Market Infrastructure

MAS Issues New Guidance on RFMC Transition

By Nithya Subramanian | 26/04/2024

New FAQs provide clarity on the application and assessment process and how existing RFMCs can ensure smooth functioning during the transition phase.

Enforcement

US Citizen Jailed in Singapore for Running Ponzi Scheme

By Nithya Subramanian | 26/04/2024

Michael Philip Atkins cheated more than 1,000 investors in a forex trading scheme involving more than S$18mn.

Enforcement

Hong Kong Court Convicts Two Former Brokers for False Trading

By Editors | 25/04/2024

Former representatives of KGI Asia Limited and South China Securities Limited will be sentenced on 16 May 2024.

Securities / Derivatives

China to Revise Securities Investment Fund Law – Report

By Mark Johnston | 25/04/2024

CSRC is working on revisions to China’s securities investment fund law to improve protections for investors and reduce capital market risks.

Fintech / Regtech

CFTC AI Rules Should Focus on Use Cases, Not Technology: FIA

By Manesh Samtani | 25/04/2024

FIA and other industry bodies say the focus should be on “the application of the technology within the context of a particular use case, not the technology as a whole”.

Securities / Derivatives

SEBI to Allow Cross-Margining for Futures with Different Expiries

By Ajoy K Das | 25/04/2024

A spread margin of 40 percent will be applicable for offsetting positions in correlated indices with different expiry dates.

Crypto / Digital Assets

Hong Kong Spot Crypto ETFs to Start Trading Next Week

By Sanday Chongo Kabange | 25/04/2024

Spot Bitcoin and Ether ETFs issued by ChinaAMC, Harvest Global Investments and Bosera Asset Management will start trading by 30 April.

Securities / Derivatives

HKEX Selects Ex-SFC Chair Carlson Tong as New Chair

By Sanday Chongo Kabange | 25/04/2024

Carlson Tong will take over from Laura Cha as the new HKEX chair for a three-year term until 2025.

Market Infrastructure

TFX Consults on Termination of Three-Month Euroyen Futures

By Mark Johnston | 25/04/2024

TFX seeks public comments on the termination of trading for three-month Euroyen futures by 7 May 2024.