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Securities / Derivatives
Securities / Derivatives
India: IRDAI to Scrap Pre-approval Requirement for Insurer IPOs
By Ajoy K Das | 07/02/2024
Seven different regulations for insurance companies are being merged to enhance ease of doing business.
AML / KYC
ESMA Withdrawal of Recognition for Dubai CCP Takes Effect
By Editors | 07/02/2024
Dubai Commodities Clearing Corporation’s appeal of ESMA’s withdrawal decision has been dismissed.
Securities / Derivatives
US SEC Adopts Rule to Boost Oversight of Proprietary Traders
By Editors | 07/02/2024
Firms that take on significant liquidity-providing roles in markets will be required to register as dealers and meet other requirements.
Securities / Derivatives
CSRC Halts Securities Lending to Support Stock Market
By Manesh Samtani | 07/02/2024
Brokerage firms are prohibited from engaging in securities refinancing business. State investor Central Huijin is expanding its ETFs purchases.
Enforcement
US SEC Settles Charges Against China-Based Firm With No Penalty
By Sanday Chongo Kabange | 07/02/2024
The firm self-reported its violations, provided “substantial cooperation” to SEC staff, and undertook prompt remedial measures.
Securities / Derivatives
Malaysia: SC Streamlines Authorisation Process for CMIs, RMOs
By Nithya Subramanian | 07/02/2024
The new approach will shorten the time to market for for new capital market intermediaries and recognised market operators to three months from six months previously.
Securities / Derivatives
China Works to Stablise Markets With Trading Curbs, Strong Words
By Manesh Samtani | 06/02/2024
CSRC vowed to punish market manipulation and malicious short selling. Institutional investors were told to avoid selling and brokers to avoid forced liquidations.
Securities / Derivatives
SC Malaysia Broadens Sophisticated Investor Categories
By Ranamita Chakraborty | 06/02/2024
The SC now considers knowledge, experience, and primary residence value for the sophisticated investor qualification.
Enforcement
Korea: FSS Probe Confirms Mis-selling of HSCEI-Linked ELS
By Manesh Samtani | 06/02/2024
High-risk equity-linked securities were sold to customers who prioritised principal protection, were close to retirement, and those planning for future cancer treatments.
Securities / Derivatives
SEBI Proposes to Allow AIFs to Pledge Equity Shares
By Ajoy K Das | 06/02/2024
Consultation proposes to allow Category I and II AIFs to create encumbrances on equity holdings in infrastructure sector companies.
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