SECURITIES / DERIVATIVES

Securities / Derivatives

IOSCO Seeks Feedback on Goodwill to Improve Accounting Standards

By Ranamita Chakraborty | 26/06/2023

Feedback received will play a crucial role in shaping IOSCO’s recommendations for regulators, auditors, issuers, and those responsible for governance.

ESG / Sustainability

ICMA Issues Updates to Guidelines and Principles

By Ranamita Chakraborty | 26/06/2023

The ICMA’s climate transition finance handbook and sustainability-linked bond principles were updated, along with the release of additional guidance.

Securities / Derivatives

SET to Revamp Listing Rules and Enhance Supervision of Issuers

By Mark Johnston | 25/06/2023

The SET and MAI requirements will be more closely aligned, and the rules on delistings and backdoor listings will be tightened.

Enforcement

Japan FSA Takes Administrative Action Against Two Banks

By Editors | 24/06/2023

The banks sold risky structured bonds to clients without checking their investment experience and explaining the risks.

Enforcement

ASIC Penalises Morrison Securities for Mishandled Client Orders

By Sanday Chongo Kabange | 24/06/2023

Inadequate controls led to orders being erroneously directed to Chi-X rather than ASX, resulting in market integrity rule breaches.

Market Infrastructure

CFTC to Propose Rule on Operational and Cyber Resilience

By Editors | 23/06/2023

CFTC commissioner sees a need for the industry to shift “from incident response to cyber resilience”. New rule will be proposed in the next few months.

ESG / Sustainability

CFTC Calls on Public to Report Carbon Market Misconduct

By Ranamita Chakraborty | 23/06/2023

The CFTC says whistleblowers can receive awards for reporting fraud, manipulation, “ghost” carbon credits, and double counting in carbon markets.

Fintech / Regtech

ASIC Chair Cautions Against Hasty Implementation of AI Tools

By Editors | 22/06/2023

ASIC plans to extend its automated order processing rules to futures markets and update its electronic trading guidance to reflect developments with AI.

Enforcement

SEBI Settles With NSE Over 2021 Trading Glitch

By Editors | 22/06/2023

NSE and NSE Clearing have to pay a combined $8.9mn to end proceedings over a 2021 glitch that cause a complete trading halt for over three hours.