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SECURITIES / DERIVATIVES
Enforcement
Korea Reopens Investigations into Handling of Lime Funds
By Editors | 31/08/2023
Search and seizure operations were carried out at two securities firms on Thursday. Additional inspections at a third firm.
Securities / Derivatives
What SGX Regco Expects Of Disclosures Around Key Financial Indicators
By Boon Gin Tan | 31/08/2023
Boon Gin Tan and June Sim discuss SGX RegCo’s expectations of disclosures in respect of three financial indicators that are actively monitored.
Market Infrastructure
HK Clearing Rules Updated to Account for Benchmark Reforms
By Manesh Samtani | 31/08/2023
The clearing obligation will no longer apply to transactions referencing LIBOR and EONIA, which have been discontinued.
Enforcement
US SEC Fines Citigroup for ‘Wilful’ Record-Keeping Violations
By Editors | 30/08/2023
The SEC said Citigroup Global Markets used an “unsubstantiated and unverified” method to calculate and record indirect expenses associated with its underwriting work.
Crypto / Digital Assets
SFC Grants In-Principle Approval to Swiss Crypto Bank, SEBA
By Manesh Samtani | 30/08/2023
SEBA plans to offer brokerage, advisory and asset management services in Hong Kong, covering securities, derivatives and crypto products.
Capital / Liquidity
FSB Commences Review of Post-GFC Securitisation Reforms
By Editors | 30/08/2023
The FSB will assess the extent to which the securitisation reforms are achieving their intended objectives.
Market Infrastructure
KSD-Clearstream Trading Link to Open in H1 2024
By Editors | 30/08/2023
KSD’s agreement with Clearstream comes just a day after it signed a similar agreement with Euroclear, to open access to Korean government bonds.
Securities / Derivatives
Taiwan Allows Domestic Stocks to be Used as Collateral Overseas
By Editors | 30/08/2023
The measure will allow foreign investors to participate in overseas investment activities without having to sell their positions in Taiwan stocks.
Crypto / Digital Assets
US Court Orders SEC to Review Grayscale Bitcoin ETF Application
By Editors | 30/08/2023
The court said the SEC failed to adequately explain why it approved the listing of bitcoin futures ETPs but not Grayscale’s proposed spot bitcoin ETF.
Market Infrastructure
SEBI Enhances Market Infrastructure Requirements on Cyber Security
By Mark Johnston | 30/08/2023
The requirements cover data backups, the ability to rebuild critical systems, ransomware attack drills, and cyber audits.
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