Securities / Derivatives

Enforcement

UK FCA Imposes Restrictions on Odey Asset Management

By Mark Johnston | 19/06/2023

The restrictions are intended to facilitate an orderly breakup of Odey Asset Management, after its founder was accused of sexual misconduct.

Securities / Derivatives

SEBI to Require Top Listed Entities to Respond to Market Rumours

By Ranamita Chakraborty | 19/06/2023

The requirement will apply to the top 100 listed entities from 1 October 2023, and to the top 250 listed entities from 1 April 2024.

Securities / Derivatives

Malaysia SC to Refine Investor Classification Framework

By Ranamita Chakraborty | 19/06/2023

The SC will also allow fund managers to offer foreign funds to high-net-worth entities and institutional investors.

Market Infrastructure

HKEX Launches HKD-RMB Dual Counter Model

By Manesh Samtani | 19/06/2023

24 Hong Kong-listed companies have started offering both HKD and RMB trading counters.

Securities / Derivatives

DBS Launches New Multi Family Office Platform for UHNW Families

By Sanday Chongo Kabange | 19/06/2023

The new platform is established as an umbrella VCC, with multiple underlying sub-funds that clients can use to manage their assets.

Crypto / Digital Assets

Industry Raises Concerns Over SEC Proposal to Redefine Exchanges

By Editors | 18/06/2023

SIFMA says the SEC’s attempt to bring DeFi systems into scope could potentially subject other non-DeFi broker-dealer systems to unnecessary regulation.

Market Infrastructure

FIA Issues Standard to Promote Timely Trade Give-Ups and Allocations

By Editors | 18/06/2023

The standard focuses on streamlining the delivery and processing of allocation instructions. A consultation on average pricing was also launched.

Securities / Derivatives

FSB, IOSCO Set to Propose Reforms to Address Fund Liquidity Risk

By Editors | 16/06/2023

The FSB and IOSCO said that they will both be publishing consultation papers on liquidity risk management in early July.

Enforcement

KRX Suspends Five Stocks Over Alleged Manipulation

By Karen Ng | 16/06/2023

The stocks were suspended, “inquiry disclosures” requested, and three of the stocks were designated as stocks with investment caution.