SECURITIES / DERIVATIVES

Market Infrastructure

DSB Launches UPI User Acceptance Test Environment

By Manesh Samtani | 17/04/2023

The UAT environment will help the industry prepare for incoming OTC derivatives reporting requirements. The full UPI Service will launch on 16 October 2023.

Big Picture

AFME, FESE Call for Action on EU Consolidated Tape

By Editors | 17/04/2023

Ahead of EU trilogues on the MiFIR Review, AFME is highlighting the important role of systematic internalisers and FESE is calling for a PFOF ban.

Capital / Liquidity

Korea to Ease Rules on Overseas Business by Certain Securities Firms

By Editors | 17/04/2023

The revisions will enable overseas subsidiaries of “comprehensive financial investment service providers” to provide corporate credit in overseas markets more easily.

Securities / Derivatives

NSE India to Launch WTI Crude Oil, Natural Gas Futures

By Editors | 17/04/2023

NSE will launch WTI crude oil and natural gas futures contracts from 15 May. Both already trade on India’s MCX.

Securities / Derivatives

Malaysia Allows Dealer’s Representatives to Expand Services

By Editors | 17/04/2023

DRs can apply for additional licences to engage in investment advice, financial planning, restricted dealing in unit trust products, dealing in private retirement schemes.

Securities / Derivatives

ASX Considers Closing Settlement Service for Unlisted Funds

By Editors | 17/04/2023

The mFund Settlement Service caters to unlisted managed funds. ASX is considering closing the service.

Securities / Derivatives

CFFEX Set to Launch 30 Year Treasury Bond Futures

By Editors | 16/04/2023

CFFEX already offers futures trading in 2-year, 5-year, and 10-year treasury bond futures. The 30-year contract will start trading on Friday (21 April).

Securities / Derivatives

CSRC Consults on Rules to Enhance Independent Director System

By Editors | 16/04/2023

A qualification system, code of professional ethics, and information database for independent directors of listed companies will be established.

Enforcement

SocGen Agrees to $105m Euribor Rigging Settlement

By Editors | 16/04/2023

If approved by the court, the settlement would mean investors have won USD 651.5 million in Euribor-rigging settlements with seven banks.