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Securities / Derivatives
Enforcement
US SEC Fines ICE for Late Notification of Cyber Intrusion
By Editors | 22/05/2024
Commissioners Hester Peirce and Mark Uyeda said the $10mn penalty was “disproportionately large” and creates a “counter-productive dynamic” with regulated entities.
Market Infrastructure
FSB Considers Ways to Enhance Resilience of CP and CD Markets
By Editors | 22/05/2024
CP and CD markets feature limited secondary market activity due to the buy-and-hold nature of these instruments, the FSB says.
Enforcement
UK Regulators Fine Citi Over Trader’s Mistake, Control Failings
By Editors | 22/05/2024
A trader inadvertently placed sell orders worth $444bn instead of $58 million. Citi’s electronic trading system generated additional erroneous orders.
Securities / Derivatives
Korea: FSS Head Considers Partial Lifting of Short Selling Ban
By Editors | 22/05/2024
FSS Governor Lee Bok-hyun said he personally wishes to allow short selling practices in June, at least partially.
Securities / Derivatives
DTCC Completes Blockchain Pilot for Mutual Fund Data
By Editors | 22/05/2024
The pilot explored the feasibility of delivering NAV data for mutual funds across different blockchain networks.
Securities / Derivatives
SEBI Issues Framework for Managing Price Impact from Market Rumours
By Ajoy K Das | 22/05/2024
Listed entities are required to verify market rumours within 24 hours if these rumours cause a material price movement.
Securities / Derivatives
SEBI Proposes to Allow Indian MFs to Invest in Overseas Funds
By Ajoy K Das | 21/05/2024
Regulator to allow investments in overseas funds having a maximum exposure to Indian securities of 20 percent of net assets.
Securities / Derivatives
Bursa Malaysia Introduces New Investor Protection Tool
By Nithya Subramanian | 21/05/2024
The newly launched Trading Reminders will alert investors to be cautious with stocks showing unusual movements.
Market Infrastructure
HKEX Implements Enhancements to Swap Connect
By Editors | 21/05/2024
The enhancements include a compression service to help firms reduce their capital costs and increase transaction settlement efficiency.
Enforcement
Former Eagle Hospitality Trust CEO Charged for Disclosure Breaches
By Nithya Subramanian | 20/05/2024
The former CEO is accused of “reckless” failure to disclose information that was necessary to avoid the establishment of a false market.
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