SECURITIES / DERIVATIVES

Enforcement

Korea Strengthens Measures for Combatting Unfair Trading

By Mark Johnston | 22/09/2023

The FSC and FSS plan to freeze accounts suspected of unfair trading, and increase the increase rewards for reporting unfair trading.

Enforcement

ASIC Fines Interactive Brokers Over Client’s Suspicious Trading

By Sanday Chongo Kabange | 21/09/2023

ASIC said the firm was ‘negligent’ in its failure to identify suspicious trading by a client and ‘reckless’ in continuing to allow further suspicious trading after ASIC raised concerns.

Market Infrastructure

Tokyo Bourse Announces Decision to Extends Trading Hours

By Editors | 21/09/2023

The TSE will extend the closing time from 3pm  to 3.30pm, coinciding with the launch of Arrowhead 4.0 on 5 November 2024.

Securities / Derivatives

SGX RegCo Proposes Changes to Derivatives Trading Rules

By Manesh Samtani | 21/09/2023

The amendments update the requirements pertaining to customer margining and introduce rules to govern the use of algorithmic trading.

Securities / Derivatives

US SEC Adopts Amendments to Fund Naming Rules

By Editors | 21/09/2023

The new rules will help ensure that a fund’s portfolio aligns with a fund’s name and help to better protect investors, said SEC chair Gary Gensler.

Market Infrastructure

JSCC Allows MTFs and SEFs to Clear Swaps Without Take-up Process

By Editors | 21/09/2023

Tradeweb said the decision to replace the “time-consuming and redundant” take-up process will enable clients to benefit from fully automated workflows.

ESG / Sustainability

Bursa Malaysia Issues Report to Enhance Sustainability Disclosures

By Editors | 21/09/2023

The “Illustrative Sustainability Report” will help listed issuers prepare for implementation of Malaysia’s Enhanced Sustainability Reporting Framework.

Enforcement

Singapore: Former CEO, Three Others Charged for False Trading Offences

By Mark Johnston | 20/09/2023

Goh Jin Hian, the son of former PM Goh Chok Tong, allegedly conspired with three others to create a misleading appearance of the price of New Silkroutes securities.

Securities / Derivatives

Sri Lanka SEC Calls on Stockbroking Firms to Improve Governance

By Duruthu E Chandrasekera | 20/09/2023

SEC chairman asked brokerage firms to improve their understanding of compliance requirements and invest more in technology and infrastructure.