SECURITIES / DERIVATIVES

ESG / Sustainability

Malaysia Launches New Accreditation Programme for Directors

By Ranamita Chakraborty | 07/06/2023

Existing directors will have 24 months to complete the new sustainability-focused accreditation programme.

Capital / Liquidity

SFC Imposes Lifetime Ban on Director of Licensed Firms

By Sanday Chongo Kabange | 07/06/2023

A director for two licensed firms was banned for life over failures to maintain sufficient liquid capital, and for lying to the SFC.

Market Infrastructure

HKEX Permits 21 Firms to List RMB Share Counters

By Sanday Chongo Kabange | 07/06/2023

Nine market markers are permitted to conduct market making or liquidity providing activities in dual counter securities starting 19 June.

Securities / Derivatives

Philippines to Launch First Sovereign Wealth Fund by Year-end

By Editors | 07/06/2023

The Maharlika Investment Fund will be created by the end of this year, after the required legislation was passed by Congress last week.

Crypto / Digital Assets

Cboe Granted Approval to Clear Margined Crypto Futures

By Sanday Chongo Kabange | 07/06/2023

To date, Cboe has offered trading and clearing of Bitcoin and Ether futures only on a fully collateralised basis.

Enforcement

ASIC Issues First DDO Stop Order Against CFD Distribution

By Sanday Chongo Kabange | 06/06/2023

ASIC said Mitrade Global relied on a retail investor questionnaire with “significant flaws”. The interim stop order was later revoked.

Securities / Derivatives

SEBI Orders Stockbrokers to Direct More Trades to RFQ Platforms

By Sanday Chongo Kabange | 06/06/2023

From 1 July, stockbrokers will have to channel at least 10% of their proprietary corporate bond trades by value through RFQ platforms.

Securities / Derivatives

SGX RegCo Resumes Watch Listing Process After Three Years

By Editors | 06/06/2023

SGX RegCo suspended the half-yearly watch-list reviews in June 2020. With the resumption, nine companies have been added to the list.

Fintech / Regtech

SFC Chief Calls for Strong AI Governance at Licensed Firms

By Ranamita Chakraborty | 06/06/2023

The SFC will hold licensed firms responsible for conduct breaches involving AI, Julia Leung said at an HKIFA conference.