Securities / Derivatives

Capital / Liquidity

CPMI-IOSCO Takes Stock of CCP Practices for Addressing Non-default Losses

By Editors | 24/08/2023

CPMI and IOSCO intend to publicly consult on further guidance for CCPs on addressing NDLs arising from scenarios like system outages and cyber attacks.

Securities / Derivatives

SEC Adopts New Rules for Private Fund Advisers

By Editors | 24/08/2023

The new rules will help promote greater competition and thereby efficiency, said SEC chair Gary Gensler.

Market Infrastructure

China Announces Tax Incentives to Support Capital Market

By Editors | 24/08/2023

The tax benefits are applicable to depositary receipts, commodity futures, Stock Connect, the MRF programme, equity incentives and VC firms.

Securities / Derivatives

Beijing Exchange Optimises Stock Issuance and Listing Process

By Editors | 23/08/2023

The BSE said the improvements will reduce the overall time spent on pricing, issuance and listing from 13 trading days to just 10 trading days.

Securities / Derivatives

SEBI Enhances Governance Norms for REITs, InvITs

By Mark Johnston | 23/08/2023

Investors with at least 10% of a REIT’s units can nominate directors. The amendments also introduce the concept of self-sponsored REITs.

Securities / Derivatives

TWSE Loosens Rules for New Innovation Board

By Editors | 23/08/2023

Stocks on the Taiwan Innovation Board will be allowed to be used to obtain margin loans and in securities lending transactions.

Securities / Derivatives

TWSE Launches New Platform to Promote ETF Market

By Editors | 23/08/2023

The so-called ‘ETFortune’ platform provides investors with information about the ETF market and allows them to screen funds based on investment strategy.

Enforcement

Two Former JPMorgan Traders Jailed on Spoofing Charges

By Editors | 23/08/2023

Gregg Smith was sentenced to two years in prison, while Michael Nowak was sentenced to one year and one day in prison.

Enforcement

SFC Issues Fine for Trade Surveillance, Record-keeping Failures

By Editors | 22/08/2023

Alert review records were missing for over 14,000 alerts. Client call records were missing for more than 1,000 orders.