Securities / Derivatives

Enforcement

ASIC Penalises Morrison Securities for Mishandled Client Orders

By Sanday Chongo Kabange | 24/06/2023

Inadequate controls led to orders being erroneously directed to Chi-X rather than ASX, resulting in market integrity rule breaches.

Market Infrastructure

CFTC to Propose Rule on Operational and Cyber Resilience

By Editors | 23/06/2023

CFTC commissioner sees a need for the industry to shift “from incident response to cyber resilience”. New rule will be proposed in the next few months.

ESG / Sustainability

CFTC Calls on Public to Report Carbon Market Misconduct

By Ranamita Chakraborty | 23/06/2023

The CFTC says whistleblowers can receive awards for reporting fraud, manipulation, “ghost” carbon credits, and double counting in carbon markets.

Fintech / Regtech

ASIC Chair Cautions Against Hasty Implementation of AI Tools

By Editors | 22/06/2023

ASIC plans to extend its automated order processing rules to futures markets and update its electronic trading guidance to reflect developments with AI.

Enforcement

SEBI Settles With NSE Over 2021 Trading Glitch

By Editors | 22/06/2023

NSE and NSE Clearing have to pay a combined $8.9mn to end proceedings over a 2021 glitch that cause a complete trading halt for over three hours.

Market Infrastructure

CSRC Issues Guidelines to Improve Bond Registration System

By Editors | 22/06/2023

The guidelines streamline the debt issuance process, enhance information disclosure requirements, and tighten the responsibilities of issuers and intermediaries.

Enforcement

South Korea Ordered to Pay Elliott Over 2015 Dispute

By Editors | 22/06/2023

The amount represents about 7 percent of what Elliott sought from a 2018 lawsuit it filed against the South Korean government.

Securities / Derivatives

ASIC Proposes to Remake Derivative Trade Repository Rules

By Editors | 22/06/2023

ASIC proposes to remake the 2013 rules in substantially the same form with two minor updates ahead of sunset.

Securities / Derivatives

Korea Adopts Two Prong Approach to Boost Tech Listings

By Sanday Chongo Kabange | 21/06/2023

Regulators will run a month-long roadshow promoting stock listings by tech firms, and work to enact further facilitative rule changes.