Securities / Derivatives

Big Picture

BIS Paper Offers Analysis of BOJ ETF Purchase Programme

By Editors | 04/08/2023

The programme provides a short term boost to stock prices, but impacts to the securities lending market diminish its effectiveness.

Market Infrastructure

ASX Unveils Advisory Group to Navigate CHESS Replacement Project

By Editors | 04/08/2023

ASX established an Advisory Group to provide strategic advice and restore confidence in the beleaguered CHESS replacement project.

Enforcement

FSS Korea Identifies “Serious Misconduct” by PE Fund Managers

By Mark Johnston | 03/08/2023

The FSS said it will impose disciplinary procedures “promptly and strictly” against managers and executives who commit illegal acts.

Enforcement

SocGen Reaches Settlement Over Unauthorised Messaging Probe

By Editors | 03/08/2023

SocGen said it has reached separate settlements with the SEC and CFTC, both of which were “pending formal regulatory approval.”

Enforcement

ASIC Sues eToro Over Retail Sales of High Risk CFD Products

By Sanday Chongo Kabange | 03/08/2023

ASIC says eToro’s target market was too broad for “such a high-risk and volatile trading product where most clients lose money”.

AML / KYC

US SEC Flags Deficiencies in Broker Dealer AML Programmes

By Editors | 03/08/2023

Some broker dealers had deficiencies in independent testing, staff training, customer identification and due diligence practices.

Enforcement

ASIC Warns of More Enforcements in the ‘Coming Months’

By Sanday Chongo Kabange | 03/08/2023

ASIC said it has embedded new data and analytics capabilities into its insider trading surveillance processes.

Securities / Derivatives

CSRC Issues Updated Market Maker Rules for Beijing Exchange

By Editors | 03/08/2023

The new draft also aims to increase alignment between the rules for the Beijing Stock Exchange and Shanghai’s STAR Market. The net capital requirement is cut in half.

Securities / Derivatives

HKEX Will No Longer Single Out ‘China Risk’ in Issuer Disclosures

By Editors | 02/08/2023

HKEX removed specific requirements for issuers to disclose China-related risks, to align its requirements across all overseas-incorporated companies.