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Securities / Derivatives
Enforcement
US SEC Fines Macquarie Unit $80m for Overvalued CMOs
By Nithya Subramanian | 20/09/2024
The Macquarie unit overvalued odd lot CMO positions and then executed cross trades to push the resulting losses to retail funds.
Securities / Derivatives
Hong Kong Market Will Stay Open During Typhoons Starting Monday
By Manesh Samtani | 20/09/2024
Market participants accounting for 99.9% of the securities market and all derivatives participants have declared they are fully prepared for the reform.
Capital / Liquidity
French and German Banks Calling on RBI to Adjust Trading Rules
By Manesh Samtani | 19/09/2024
The existing rules would not be able to accommodate a third-party trading model proposed as a temporary solution to address ESMA’s derecognition of Indian CCPs.
Securities / Derivatives
India to Introduce Centralised Fee Collection Platform for IAs, RAs
By Ajoy K Das | 19/09/2024
The platform will provide an optional mechanism for investment advisers and research analysts to collect fees from clients.
Securities / Derivatives
SEBI Modifies Valuation Framework for AIF Investment Portfolios
By Ajoy K Das | 19/09/2024
AIFs will now have seven months to report valuations based on audited data from investee companies as against six months previously.
Capital / Liquidity
US DOJ Probing Whether Banks Colluded During Archegos Wind-down
By Nithya Subramanian | 19/09/2024
The Justice Department is reportedly investigating whether some Wall Street banks coordinated stock sales during the Archegos collapse.
Market Infrastructure
ASIC Publishes Guidance on New Derivatives Reporting Regime
By Manesh Samtani | 19/09/2024
The guidance is intended to help reporting entities understand how to comply with the new reporting obligations which take effect on 21 October 2024.
Market Infrastructure
SGX RegCo Reviews Corporate Query Regime to Reduce Frictions
By Nithya Subramanian | 19/09/2024
SGX RegCo adopts a three pillar approach to enhance the value of listed companies, but there have been calls for a more prescriptive approach.
Securities / Derivatives
SEBI Shortens Timeline for Allotment and Trading of Bonus Shares
By Ajoy K Das | 19/09/2024
SEBI issued a circular setting out guidelines to enable investors to trade bonus shares just two days after the record date, starting from 1 October.
ESG / Sustainability
HKICPA Consults on Exposure Drafts to Adopt ISSB Standards
By Manesh Samtani | 19/09/2024
The exposure drafts are open for consultation until 27 October. The standards will be finalised by end 2024 and take effect on 1 August 2025.
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