SECURITIES / DERIVATIVES

Enforcement

FCA Fines ED&F Man Capital Markets for Cum-Ex Trading Breaches

By Editors | 05/06/2023

The GBP 17.2 million fine is the largest imposed thus far in connection with the cum-ex tax fraud scheme.

Securities / Derivatives

CFTC Proposes Rule Update to Account for Crypto and Cyber Risks

By Editors | 05/06/2023

The CFTC is considering requiring firms to update their risk management frameworks to account for related to crypto, AI, cyber, and climate.

AML / KYC

SFC Issues Guidance on Crypto Licensing Transitional Arrangements

By Manesh Samtani | 05/06/2023

Crypto firms with “meaningful and substantial presence” in Hong Kong prior to 1 June 2023 can continue to provide services.

Enforcement

HK Police Arrest Man for Illegal Short Selling, Fraud

By Editors | 04/06/2023

The man fabricated trading statements that falsely showed he held shares in four listed companies he short-sold, when in fact he did not, the SFC said.

Enforcement

ASIC Issues First Stop Order on Superannuation Product

By Sanday Chongo Kabange | 04/06/2023

The interim stop orders were made against Spaceship Super and three managed funds promoted by Spaceship Capital due to deficient TMDs.

ESG / Sustainability

Hong Kong Raises Record $6b in Latest Green Bond Offering

By Editors | 04/06/2023

The green bonds were five times oversubscribed and will be listed on both the Hong Kong and London stock exchanges on 7 June.

Fintech / Regtech

ASIC to Leverage Regtech to Improve Listed Company Disclosures

By Sanday Chongo Kabange | 02/06/2023

ASIC and regtech firm Eastern Analytica will jointly develop a solution to help address poor market disclosures by listed firms.

Enforcement

FINRA Fines Vanguard for Misleading Account Statements

By Mark Johnston | 02/06/2023

Vanguard had errors in about 8.5 million customer statements and failed to address customer reports of the errors in a timely manner.

Crypto / Digital Assets

Eurex Receives Approval to Offer Bitcoin Futures to US Investors

By Ranamita Chakraborty | 02/06/2023

US investors can now benefit from access to a wider range of participants and liquidity pools during Asian, European and US hours, Eurex says.