SECURITIES / DERIVATIVES

Enforcement

Korean Authorities Probe Manipulation in Eight Stocks

By Editors | 30/04/2023

Prosecutors have issued travel bans on ten individuals who are suspected of engaging in stock price manipulation activities.

ESG / Sustainability

Korea Takes Measures to Address Fraudulent IPO Subscriptions

By Editors | 30/04/2023

IPO bookrunners must verify institutional investors can pay for stocks before allotment; risk weight for carbon emissions rights is reduced.

Enforcement

SEBI Imposes 7-Year Market Ban Against Karvy Stock Broking

By Editors | 29/04/2023

Karvy Stock Broking Limited was found to have misused clients’ assets in 2019, by pledging them as collateral to borrow funds from banks and NBFCs.

AML / KYC

SFC Chief Julia Leung Offers View Into 2023 Priorities

By Manesh Samtani | 29/04/2023

Julia Leung said the SFC will issue the new virtual assets rules in May, and that it developing a free carbon emissions calculator tool to help SMEs in climate-related reporting.

Fintech / Regtech

Japan: Reforms Needed to Boost Digital Green Bond Market

By Editors | 28/04/2023

Expert panel finds that the technology used in JPX’s digitally tracked green bond has other applications, but some challenges need to be addressed first.

Market Infrastructure

Firms Must Continue to Act to Ensure Orderly LIBOR Transition: FSB

By Editors | 28/04/2023

A “pile-up” towards end-June 2023 that could introduce operational risks and wider market disruption, the FSB said.

Securities / Derivatives

Boards Should Take Requisitions Seriously: SGX RegCo

By Editors | 27/04/2023

While requisitions may be unwelcome, boards should consider their merits and engage with the requisitionists to find common ground.

Market Infrastructure

CSRC Consults on Draft Rules for Hosted Facilities for Trading

By Editors | 27/04/2023

Securities and futures exchanges must ensure fairness and reasonableness in terms of latency, resource allocation and guarantees, and service agreements, among other areas.

Enforcement

Singapore Trader Sentenced to Jail, Fine for SFA Breach

By Editors | 27/04/2023

The trader would sell the securities to his relatives before buying them back at higher prices using his employer’s accounts.