SECURITIES / DERIVATIVES

Enforcement

Korea to Investigate CFD Trades for Links to Stock Manipulation

By Mark Johnston | 16/05/2023

The FSC said it has confirmed that a “significant number” of CFD accounts were involved in last month’s stock crash.

Market Infrastructure

MAS Issues “Close-to-Final” Derivatives Reporting Rule Updates

By Manesh Samtani | 16/05/2023

MAS set October 2024 as the commencement date for its new OTC derivatives reporting rules, aligning with ASIC.

AML / KYC

Indian Authorities Investigating Three ‘Top Brokers’ – Reports

By Editors | 16/05/2023

Three top brokers, who were not named, were found to be engaged in “large-scale money laundering activities” with the involvement of PEPs.

ESG / Sustainability

Hong Kong ESG Rules May Lift Mainland Disclosures

By ESG Investor | 16/05/2023

The upcoming rules will make HKEX-listed companies subject to the most stringent ESG disclosure requirements in the region.

Securities / Derivatives

Northbound Trading for Swap Connect Has Launched

By Manesh Samtani | 15/05/2023

At the opening bell, 37 transactions worth about $273mn were executed involving participation from 16 foreign institutions.

Securities / Derivatives

ICE Invites HK Firms to Trade Futures in Singapore

By Editors | 14/05/2023

ICE Clear Singapore received authorisation from the SFC allowing it to clear ICE Futures Singapore trades for Hong Kong-based clearing members.

Securities / Derivatives

IOSCO Issues Guidance on Good Practices For ETFs

By Editors | 14/05/2023

The good practices cover effective product structuring, disclosure, liquidity provision, and volatility control mechanisms.

Enforcement

CFTC Fines HSBC for “Deceptive Trading”, WhatsApp Use

By Editors | 14/05/2023

The CFTC fined three HSBC affiliates a total $75m for manipulative and deceptive trading, spoofing, and supervision and record-keeping failures.

ESG / Sustainability

Philippine SEC Adopts ASEAN SRF Standards

By Sanday Chongo Kabange | 14/05/2023

Rules are established to enable local and ASEAN-member investment companies and CIS operators to offer sustainable and responsible funds locally and across the region.