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SECURITIES / DERIVATIVES
AML / KYC
HKMA to Explore Regulatory Changes to Promote Bond Tokenisation
By Sanday Chongo Kabange | 26/08/2023
The report suggests new requirements could be introduced for DLT platforms, covering areas from KYC and AML compliance to BCPs and cyber risk assessments.
Enforcement
US Banks Agree to Settle Stock Lending Lawsuit for $500m
By Editors | 25/08/2023
Goldman Sachs, JPMorgan Chase, Morgan Stanley and UBS denied wrongdoing but agreed to settle the lawsuit to avoid further litigation.
Securities / Derivatives
Allianz, Blackstone Receive New Regulatory Approvals in China
By Editors | 24/08/2023
Allianz Global Investors received approval to set up an onshore fund management company. Blackstone received a QDLP licence.
Enforcement
BSEC Forms Committee to Investigate Stock Market Rumours
By Mark Johnston | 24/08/2023
Recent rumours have involved the removal of the floor price, the resignation of BSEC’s chairman, and institutional investor sell-offs.
Enforcement
UK Energy Regulator Fines Morgan Stanley Over WhatsApp Use
By Editors | 24/08/2023
This is the first-ever fine issued in the UK for failures to record and retain electronic communications relating to energy market trades.
Capital / Liquidity
CPMI-IOSCO Takes Stock of CCP Practices for Addressing Non-default Losses
By Editors | 24/08/2023
CPMI and IOSCO intend to publicly consult on further guidance for CCPs on addressing NDLs arising from scenarios like system outages and cyber attacks.
Securities / Derivatives
SEC Adopts New Rules for Private Fund Advisers
By Editors | 24/08/2023
The new rules will help promote greater competition and thereby efficiency, said SEC chair Gary Gensler.
Market Infrastructure
China Announces Tax Incentives to Support Capital Market
By Editors | 24/08/2023
The tax benefits are applicable to depositary receipts, commodity futures, Stock Connect, the MRF programme, equity incentives and VC firms.
Securities / Derivatives
Beijing Exchange Optimises Stock Issuance and Listing Process
By Editors | 23/08/2023
The BSE said the improvements will reduce the overall time spent on pricing, issuance and listing from 13 trading days to just 10 trading days.
Securities / Derivatives
SEBI Enhances Governance Norms for REITs, InvITs
By Mark Johnston | 23/08/2023
Investors with at least 10% of a REIT’s units can nominate directors. The amendments also introduce the concept of self-sponsored REITs.
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