SECURITIES / DERIVATIVES

Enforcement

Singapore Jails Four on False Trading, Deception Convictions

By Editors | 14/07/2023

The four were convicted for their involvement in a scheme to manipulate the price of Catalist-listed Koyo International between 2014 and 2016.

Enforcement

SFC Fines Fund Manager for Failing to Segregate Client Funds

By Sanday Chongo Kabange | 14/07/2023

The fund manager also issued inaccurate statements of accounts and failed to provide statements of accounts to clients within the prescribed time limit.

Crypto / Digital Assets

US SEC Accepts Application from BlackRock to List Spot Bitcoin ETF

By Mark Johnston | 14/07/2023

The US SEC’s acceptance of BlackRock’s proposal marks the commencement of an official review of other Bitcoin ETF applications.

ESG / Sustainability

Majority of SGX-Listed Firms Embrace Climate Reporting Initiatives

By Editors | 13/07/2023

New report shows two-thirds of SGX listed companies have embarked on climate reporting initiatives.

Securities / Derivatives

UK Seeks to Undo EU Restrictions on Short-Selling Gilts

By Editors | 13/07/2023

HM Treasury proposes to eliminate EU-mandated rules that govern investors’ short positions in government debt and credit-default swaps.

Securities / Derivatives

Hong Kong SFC Bans Former RaffAello Officer over IPO Sponsor Failures

By Ranamita Chakraborty | 12/07/2023

The Securities and Futures Commission (SFC) found that a former responsible officer and sponsor principal at a financial advisory firm had “failed to exercise due skill, care and diligence” in handling a listing application.

Big Picture

Collateral Use Can Introduce Financial Stability Risks: BIS Officials

By Manesh Samtani | 12/07/2023

Using collateral reduces incentives for borrower screening and monitoring and can undermine the safe haven status of government securities.

Market Infrastructure

UK to Reverse MiFID II Research Unbundling Rules

By Manesh Samtani | 12/07/2023

The move is aimed at enhancing the appeal of the UK’s financial services sector and foster a more vibrant and competitive research environment.

Market Infrastructure

IDX Explores Dual-Listing Options With Global Exchanges

By Sanday Chongo Kabange | 12/07/2023

IDX is exploring the feasibility of cross-listings in Singapore, Hong Kong, Malaysia, South Korea and London.