Securities / Derivatives

Enforcement

ASIC Fines Openmarkets Record $4.5m for Compliance Failures

By Sanday Chongo Kabange | 06/07/2023

ASIC says Openmarkets did not carry out effective trade surveillance, and banned its former acting head of trading for three years.

Market Infrastructure

EBA Publishes Validation Requirements for Initial Margin Models

By Editors | 06/07/2023

The standards include a “pragmatic and simplified” supervisory procedure applicable to smaller counterparts as well as easier documentation, governance and outsourcing requirements.

Securities / Derivatives

SEBI Proposes to Require FPIs to Route Bond Trades to RFQ Platforms

By Editors | 06/07/2023

SEBI intends to mandate FPIs to carry out at least 10 percent of their total secondary market trades in corporate bonds via RFQ platforms.

Securities / Derivatives

Bursa Malaysia Assumes Investor Relations Function

By Sanday Chongo Kabange | 06/07/2023

Bursa Malaysia will serve as the single point of reference for investor relations matters. MIRA is discontinued.

Capital / Liquidity

FSB, IOSCO Propose Tighter Rules for Open-ended Funds

By Manesh Samtani | 06/07/2023

The FSB and IOSCO are calling for greater and more consistent use of anti-dilution liquidity management tools in open-ended funds, such as swing pricing.

Capital / Liquidity

Korea Relaxes Banking Rules to Boost Venture Investments, Corporate Lending

By Editors | 05/07/2023

The limit on bank acquisitions of unlisted equity securities is raised and the loan-to-deposit ratio requirement applied to foreign bank branches is relaxed.

ESG / Sustainability

Australia: New Report Calls into Question Credibility of Corporate Reporting

By Editors | 05/07/2023

The poor quality of disclosure suggests that directors are not taking their responsibility seriously, said Professor Peter Carey at Deakin University.

Securities / Derivatives

SEBI Offers Clarity on Directorships of Debenture Trustees

By Ranamita Chakraborty | 05/07/2023

The regulator noted issuers that are not companies under India’s Companies Act, 2013 are not obligated to appoint directors.

Market Infrastructure

Bond Connect Will be Further Enhanced, Says HKMA Chief

By Manesh Samtani | 05/07/2023

HKMA chief Eddie Yue discussed plans to open foreign access to the onshore treasury bond futures market and allow repo trades via Bond Connect.