SECURITIES / DERIVATIVES

Securities / Derivatives

SEBI Mandates Direct Plan, Trail Fee Model for AIFs

By Editors | 11/04/2023

SEBI said AIFs should ensure onboard investors who approach them through a SEBI-registered intermediary are onboarded via direct plan.

Market Infrastructure

First Mainboard Stocks List in China Under New IPO System

By Editors | 11/04/2023

At a listing ceremony on Monday, CSRC chairman Yi Huiman said the reforms mean regulators “no longer pass judgment” on a firm’s investability or value.

Crypto / Digital Assets

SEB, Crédit Agricole Launch Digital Bond Issuance Platform

By Editors | 11/04/2023

The platform uses a blockchain validation protocol called “Proof of Climate awaReness”, which incentivises participating nodes to improve their environmental impact.

ESG / Sustainability

Taiwan Loosens Bond Issuance Rules for Foreign Banks

By Editors | 11/04/2023

The changes allow foreign banks to use the issuance proceeds to finance a wider range of sustainable economic activities and carbon reduction transformation projects.

Enforcement

US State Regulators Fine Robinhood for Causing Investor Harm

By Editors | 11/04/2023

Robinhood disseminated inaccurate information to customers and did not have a reasonably designed customer identification programme, among other failures.

AML / KYC

UK FCA Outlines Next One Year of Work to Improve Markets

By Editors | 11/04/2023

The FCA will propose reforms to the listing regime, consult on the introduction of consolidated tapes, and strengthen its authorisation and assessment processes.

ESG / Sustainability

Korea Establishes ‘Capital Market ESG Supervision Task Force’

By Editors | 10/04/2023

The task force will develop ESG fund disclosure standards to address information asymmetry, prevent greenwashing and promote responsible management.

Market Infrastructure

Taiwan, Canadian Regulators Cross-border Clearing MoU

By Editors | 10/04/2023

The MoU supports TAIFEX’s application for recognition as an exempted clearing agency in Ontario, which will enable Canadian FIs to use its clearing service.

Market Infrastructure

Final Rules for Swap Connect Agreed by Authorities – Report

By Manesh Samtani | 10/04/2023

Swap Connect could start trading by June if not sooner. Mainland treasury bond futures may also become accessible from Hong Kong.